This has boosted profitability and enabled the industry to regain its position as America’s largest exporter. It has also stimulated new investment. For the first time in more than a decade, major capacity additions have been announced that convert ethane to ethylene, the largest petrochemical building block.According to a recent study by the Federal Reserve, these represent a capacity increase of 33 percent by 2017, which is the equivalent of six to eight new world-scale steam crackers. On top of that are smaller projects already completed, equivalent to at least one steam cracker.
Americas: Strategies For A Sustainable Future
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