The price of propane remains high. Thus, propane demand by the olefins industry has cycled downward beginning in early 2002; the propane was too expensive to crack into ethylene. At the same time, pro..
The price of propane remains high. Thus, propane demand by the olefins industry has cycled downward beginning in early 2002; the propane was too expensive to crack into ethylene. At the same time, propylene demand stepped up propane demand to manufacture polypropylene at even higher gas prices.
Globally, several major unknowns will impact the price of propane, according to S. Craig Whitley, speaking at a recent international LPG seminar by Purvin & Gertz (www.purvingertz.com). He says that two key areas to monitor are:
Iraq crude oil production. Iraq holds the second-largest natural gas reserves. As efforts to restart Iraqi oil production proceed, co-production of natural
Log in to view this article.
Not Yet A Subscriber? Here are Your Options.
1) Start a FREE TRIAL SUBSCRIPTION and gain access to all articles in the current issue of Hydrocarbon Processing magazine.
2) SUBSCRIBE to Hydrocarbon Processing magazine in print or digital format and gain ACCESS to the current issue as well as to 3 articles from the HP archives per month. $409 for an annual subscription*.
3) Start a FULL ACCESS PLAN SUBSCRIPTION and regain ACCESS to this article, the current issue, all past issues in the HP Archive, the HP Process Handbooks, HP Market Data, and more. $1,995 for an annual subscription. For information about group rates or multi-year terms, contact email Peter Ramsay or call +44 20 3409 2240*.
*Access will be granted the next business day.