With petrochemical feedstocks continuing to shift away from naphtha and C3 volumes diminishing, more and more companies are looking to on purpose production and alternative sources to capitalize on the supply gap.
On top of this, growing derivative demand is creating an enormous market for additional supply, with an estimated additional 18 million metric tonnes of polypropylene capacity required by 2024, further driving the business case for expansion projects.
The global propylene market is estimated to reach $172.05 billion by 2020, but what are the most profitable strategies to capitalize on supply demand dynamics?