According to Platts Energy Advisors San Antonio March 27, Ed Dineen, chief executive officer of the US TPC Group, said on Tuesday that major olefin expansion projects along the US Gulf Coast will shake global butadiene trade flows, and that the US market may tend to supply and demand. Even the balance is oversupply, and the European market may tend to supply tension.
At the meeting of the American Association of Fuels and Petrochemical Manufacturers (AFPM), Dineen told Standard & Poor's Platts Global Energy Consulting: 'US will add 18 million tons of ethylene per year to this year's expansion of the ethylene cracker, even if The yield of butadiene production is only 3%, and the supply of new butadiene is also very considerable. We believe this will change the fundamentals of the global butadiene market.