The development prospect of the hottest European e

2022-10-16
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The development prospect of the European ethylene industry is not optimistic, and 10% of the production capacity is facing closure

recently, supported by the record high naphtha prices, the European ethylene market, which was originally flat and should be equipped with anti loose installation, has risen sharply. Although the market vitality began to recover, at the seminar on economic prospects of the European Commission for chemical industry held last week, Pierre ketenis, executive director of the European Commission for chemical industry and Secretary General of the European Association of petrochemical producers, said that the prospects for the development of the European ethylene industry were not optimistic, and the implementation of the EU carbon emissions trading system (ETS) would lead to or accelerate the closure of European ethylene cracking plants

katnis said that the new cost of purchasing carbon dioxide emission permits will put European ethylene cracking producers, which are already on the edge of profit and loss, in a more difficult situation, which may lead to the shutdown of large-scale ethylene cracking units in Europe. The capacity of the unit to be shut down will reach 2.2 million tons/year, accounting for about 10% of the current ethylene cracking capacity of 25million tons/year in Europe

caitnes said in an interview with the media on the sidelines of the seminar that this data is based on the assumption that ETS will add 30 euros/ton to the cost of ethylene cracking producers, which is enough to put most European ethylene cracking producers into a loss situation. With the rising price of carbon emissions trading, the new cost of communicating through the serial port (COM number) behind the computer may further increase. At present, the average production cost of ethylene cracking producers in Europe is about 1200 euros/ton, while the average production structure and working principle cost of producers in the Middle East is only 300 ~ 400 euros/ton. Improve the product grade. Small cracking units with a design capacity of less than 300000 tons/year and old units that have been in service for more than 35 years are expected to be eliminated first. In addition, ethylene cracking units that do not extend downstream are also facing the risk of shutdown. Caitnis also pointed out that during the economic recession, the European region closed about 600000 tons of ethylene cracking capacity every year, and these closed devices are difficult to restart

ETS is the main pillar of EU climate change policy, which came into force in January 2005. According to this system, EU member states with large carbon dioxide emissions must monitor their emissions and submit relevant data to the government every year. ETS plans to reduce carbon emissions by 1.74% per year to achieve the goal of reducing carbon emissions by 20% in 2020 compared with 1990. More and more chemical enterprises will join the plan, and the free carbon emissions of enterprises will gradually shrink. The European Commission announced at the end of October this year that it plans to control carbon dioxide emissions at 2.039 billion tons by 2013

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