Insight
SABIC - European olefins balances
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Report summary
Recent announcements in the public domain, point to a strategic review of SABIC’s asset footprint in the European market. Whilst there is some uncertainty around exact potential changes and timing, here is a summary current view. - capacity reduction of the Wilton, UK steam cracker and resulting move to full ethane mode (assumed timing late 2022) - review at the Geleen, NL site with potential closure of one of the two steam crackers (assumed timing 2023/2024) Wood Mackenzie has run an analysis using our olefins service tools in order to understand the potential implications of these changes on SABIC’s European asset footprint and into the wider olefins industry and balances. This insight will attempt to provide additional context behind these sites and the structural integration for SABIC and the wider industry to give a framework of thought for possible outcomes.
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