China's propylene production capacity will reach 22 million tons in 2015
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He said that during the period of 2000-2009, the average annual growth rate of propylene production in China was 11.67%. It is estimated that the production in 2010 will increase by 20.0% year-on-year, and the market will begin to recover.
"The production of propylene in 2009 was 11.5 million tons. It is expected that the production of propylene in 2010 will be 13.8 million tons, accounting for 16.48% of the world's total production," said Liu Yanwei.
He said that during the period from 2000 to 2009, the annual average growth rate of apparent propylene consumption in China was 12.78%, which was lower than the growth rate of output. It is expected that the apparent consumption in 2010 will increase by 16.48% year-on-year, and the market will begin to recover.
Liu Yanwei believes that China's olefin and downstream derivative products market is still in a growth process, with the fastest growth rate in the world, its market capacity ranking second in the world, and it is developing into a world petrochemical product market center, and rigid demand will continue.
The Petroleum and Chemical Industry Planning Institute was established in July 1972. It is one of the support units for the industry development planning, special plan preparation, and industrial policy research determined by the former State Development Planning Commission and the State Economic and Trade Commission. It has compiled the “5th Five-Year Plan†for the country. "6th Five-Year Plan", "Seventh Five-Year Plan", "Eighth Five-Year Plan", "Ninth Five-Year Plan" and "Tenth Five-Year Plan" Development Plan for Petroleum and Chemical Industry and 2015 Long-term Development Plan.