(Hetain Mistry is a member of Platts Petrochemical Analysis team. You can see more of their work by going here.)
In recent months Russia has come under global political pressure due to its current geopolitical conflict with the Ukraine. The Platts Petrochemical Analytics team is looking at whether these pressures, in terms of credit and liquidity for project development, will filter down to the development of planned petrochemical projects.
Platts Petrochemical Analytics lists 25 polyethylene projects forecast to come online in Europe over our outlook period, with capacity on those projects totaling around 7.5 million mt. The majority of these projects will come onstream in Russia, but there are other projects planned for Azerbaijan, Kazakhstan, the Czech Republic and potentially Uzbekistan. Out of the 7.5 million mt of additional tonnage expected to come onstream in Eastern Europe, Russian projects will account for 77% of the additional capacity.
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