Polyethylene, polypropylene, and propylene are set to lead the upcoming petrochemical project starts in the Middle East by 2030, driven by the availability of abundant, low‑cost hydrocarbon feedstock such as natural gas, growing urbanisation and industrialisation, and government policies for economic diversification.
Contractors, who help conceptualise, build, and maintain highly complex oil and gas facilities, are also the critical enablers of decarbonisation of the industry.
The region will add 8.56 million mtpa of polypropylene production capacity between 2025 and 2030 from 22 upcoming projects.
Rapid urbanisation, expanding middle‑class consumption and ongoing industrialisation across key Asian markets are accelerating demand.
Of the 121 polypropylene projects to commence operations by 2030, 118 are new build and the rest are expansions of existing projects.
The highest capacity additions in the region are expected from three projects in China, each with a capacity of 3 mtpa.
Asia is to spearhead the global polyethylene terephthalate (PET) capacity additions by 2030, mainly due to its escalating demand for PET.
Although imports such as crude oil and natural gas are mostly excluded, fears that Trump’s tariffs have exerted downward pressure on oil prices.
Africa is poised to add significant liquid storage capacity additions, accounting for about 12% of the global capacity additions by 2030.
Asia is poised to spearhead the global polyethylene (PE) capacity additions by 2030, mainly due to its escalating demand of PE from various end-use application segments such as packaging, construction and consumer goods.
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We are a niche consulting company providing services to the oil & gas, renewable energy, and decarbonization sectors.
