Global polyethylene capacity is poised to see considerable growth over the next five years, potentially increasing from 110.12 million tonnes per annum (mtpa) in 2018 to 157.02 mtpa in 2023, registering a total growth of 43%, led by Asia and North America.
The government of Oman, Oman Oil Company SAOC (OOC) and the Dow Chemical Company will design, build and operate a petrochemical complex in Oman.
Uhde GmbH has been awarded a contract by PetroChina Company Ltd to design a polyethylene plant.
President Mohammad Khatami has inaugurated Phases 2 and 3 of Iran's oil projects which he described as among the "biggest projects of Iran's oil and gas industry".
BASF (Germany) plans to expand its biggest China investment, a USD 2.9 billion petrochemicals complex in Nanjing, by 2010, to keep up with the rapidly expanding Chinese market.
Italy's second-biggest energy group Edison has announced that its engineering and construction unit Tecnimont has won a USD 220 million deal to build a polyolefin complex, part of China's huge petrochemical project.