Investor Presentaiton
New Wave of China PDH Plants Supportive of Asian LPG
Demand
Chinese LPG Demand Outlook Remains Favorable
.
Despite low PDH utilization rates and zero-covid policy, Chinese 2022 imports have improved 9% Y/Y to 26.6 MTPA
China's 4Q22 imports increased by 17% Y/Y to 6.9 MTPA vs. 5.9 MTPA in 4Q21
Seven PDH plants started operations in 2022 bringing total propylene production capacity to 12.32 MTPA requiring 14.9 MTPA of propane
feedstock
China's propane dehydrogenation plants operated at an average run rate of 61% in November, up from the lowest operating levels seen in
August and September
Increasing Demand from New PDH Projects
30.0
25.0
20.0
5 15.0
10.0
5.0
11.9
2015
CAGR: 12.8%
18.3
15.9
20.5
19.6
18.8
Y/Y:
8.6%
26.6
24.5
2016
2017
2018
2019
2020
2021
2022
Source: Bloomberg
Note: Values shown through December 31, 2022
17View entire presentation