Asia is set to lead global polyethylene terephthalate (PET) capacity additions by 2030, driven by high demand from various industries. The region is expected to add 6.40 million tonnes per annum (mtpa) in capacity, with China leading the way at 2.90mtpa. Brunei’s Hengyi Industries plans a significant project with a capacity of 2.20mtpa. Other major projects include Zhejiang Petrochemical Daishan Plant 2 in China and Reliance Industries Dahej Plant 2 in India. The Middle East and Former Soviet Union are also expected to see capacity additions. Source: Petrochemical Analytics, GlobalData Oil and Gas.

The Middle East and Former Soviet Union are projected to add 1.44mtpa and 1.04mtpa of PET capacity by 2030, with major projects in Saudi Arabia, Turkey, Kazakhstan, and Uzbekistan. For more details on global PET capacity and capex analysis, refer to GlobalData’s report. “Asia to dominate worldwide PET capacity additions through 2030” was originally published by Offshore Technology. Note: Information provided for general informational purposes only; seek professional advice before acting on content.

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