LPG Commercial

- Sep 21, 2017-

LPG is one of the petroleum products, is from the oil and gas field mining, refineries and ethylene plant in the production of a colorless, volatile gas, mainly used in automotive, urban gas, nonferrous metal smelting and metal cutting and other industries.

In recent years, global LPG production grew rapidly, 2011 global LPG production reached about 250 million tons, an increase of 3.73%, is expected by 2014 global LPG production will grow to 275 million tons.

China is one of the fastest growing countries in the global LPG industry, with production increasing from 13.99 million tons in 2004 to 21.81 million tons in 2011, with a compound annual growth rate of 6.5 percent. China's LPG production in January-April 2012 was 73.324 million Ton. China's LPG consumption growth is also faster, from 21.33 million tons in 2004 to 24.19 million tons in 2011, the annual compound growth rate of 1.95%. January-April 2012 China's LPG consumption of 7.55 million tons, an increase of 5.30%.

LPG is the most mature fuel used in China's automobile alternative energy technology. It is expected that most LPGs in China's urban civil gas will be replaced by natural gas, and LPG production as a by-product of petroleum refining will grow with the increase in total oil refining The By then, LPG overcapacity, the price will not be like gasoline and diesel all the way up, used in the car not only highlight the economic benefits, but also reduce greenhouse gas emissions, therefore, LPG as a fuel fuel prospects are promising.