Rising Demand for Propylene Spurs Investments in Propane Dehydrogenation Units
Rising Demand for Propylene Spurs Investments in Propane Dehydrogenation Units
NEW DELHI--April 10, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--As propylene continues to play an indispensable role in the petrochemical industry, the demand for propylene is also witnessing an upsurge. The demand for this versatile chemical compound is driven by its extensive application in the plastics, chemicals and automotive sectors. Correspondingly, propane dehydrogenation (PDH) units are increasingly becoming important as they play a crucial role in enabling the production of propylene by converting propane into propylene and hydrogen.
Industrial Info is tracking more than 50 projects with investments worth US$25 billion geared toward PDH units. Around 54% of the total spending is attributed to grassroot projects, while around 42% is aimed at unit additions.
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