LIGHT LINEAR ALPHA OLEFINS MARKET ANALYSIS

Light Linear Alpha Olefins Market, by Product Type (Butene-1, Hexene-1, and Octene-1), by Application (Linear Low-density Polyethylene (LLDPE), High-density Polyethylene (HDPE), Detergent, and Lubricant), by End-use Industry (Packaging Industry, Automotive Industry, Chemical Industry, and Consumer Goods), and by Region (North America, South America, Europe, Asia Pacific, and Middle East & Africa) – Size, Share, Outlook, and Opportunity Analysis, 2022-2028

Key Developments:

In August 2019, ExxonMobil Corporation announced its plans to enter the linear alpha olefins market by starting-up a new alpha-olefins facility at Baytown, Texas. The company plans to further integrate the linear alpha olefin plant to manufacture polyethylene from butane-1 and hexane-1 co-monomers. The plant is expected to come online by 2022 and will cater the growing alpha-olefins and polyethylene demand in North American region.
In January 2019, Shell successfully completed the construction of the world’s largest alpha-olefins plant situated at Louisiana, USA petrochemicals manufacturing site. The new alpha-olefin plant with the production capacity of 425 kilo tons per year ramps up the total production capacity to 1300 kilo tons at Louisiana, USA. The expansion is a strategic move to support the company’s downstream chemicals operation by integrating it with the self-sustaining ecosystem.
In January 2019, INEOS announced its plans to invest US$ 2 Billion, in collaboration with Saudi Aramco to build a new petrochemical facility in Jubail 2 Complex, Saudi Arabia. The petrochemical facility will include 425 kilo tons acrylonitrile plant and 400 kilo tons linear alpha-olefins plant. The facility is expected to come on-stream by 2025 and will supply raw materials mainly to poly-olefins manufacturers.