Greg Haas, director for Stratas Advisors, speaks at the recent Marcellus-Utica Midstream Conference in Pittsburgh. Source: Hart Energy
North American ethylene producers are shifting to light NGL feedstock, and it’s a massive and market-altering shift. That was the message imparted by Greg Haas, director, Stratas Advisors, to attendees at Hart Energy’s Marcellus-Utica Midstream Conference in Pittsburgh in late January.
Worldwide demand for ethylene/propylene was 204 million tonnes in 2015; Stratas Advisors forecasts that annual demand will grow to 253 million tonnes by 2030. And a bevy of new projects in the U.S. and Canada are aiming to satisfy that growing demand.