European Olefins Production in 2020 Could Recover Despite Coronavirus

摘要

Houston—Olefins production in Europe saw a 20-year low last year; however, 2020 could show a recovery despite the coronavirus affecting demand, according to a new study by Wood Mackenzie. Ethylene capacity lost in Europe due to outage activity is currently set to total around 1-million tons in 2020. Compare this to 2019, when 2.3-million tons of ethylene capacity was lost due to outages. Increased capacity availability may mitigate the impact of the coronavirus on the industry's olefins production, the study explained.