May 2004

Trends and Resources

HP Impact: LPG opportunities center in Asia

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..

Weirauch, Wendy, Hydrocarbon Processing Staff

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

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