11-12 Feb, 2009 - Singapore , SINGAPORE
Swissotel Merchant Court Singapore
Swissotel Merchant Court Singapore
Adapting in Turbulent Times… Strategizing for 2009!
“Trends sluggish in China’s PP markets. Prices drift lower.” 4/11/08, Polymerupdate.com
The ongoing global economic turmoil and inflation have crippled consumer confidence. A further drop was witnessed in propylene prices, amid ongoing weak demand for derivative products. The market sentiment has been negative and companies are taking a precautionary outlook in charting their strategies for 2009 & beyond. What are the ways to sustain profitability amid a turbulent times ahead? Attend CMT’s 4th Propylene and Derivatives Markets conference to assess how the trade flows are evolving, and receive an update on the various regional projects & markets.
“China – Sinopec to launch petrochemical complex in Hangzhou”, 24/10/08, Yarnsandfibers.com
China and India, some of the main markets for the Middle East projects, have also been relentless in their own capacity expansions to feed demand. Will the credit crunch results in delay or cancellation of planned projects?
“Although the global oil market is in the midst of one of the most pronounced bearish slumps in history, prices are likely to rebound to $80-100/barrel in the next several months, said Dong Xiucheng, vice director of the Business Management Institute of Beijing Petroleum University. Dong cited three factors supporting the bullish outlook – renewed weakness in the dollar, the fact that oil producers feel compelled to defend a minimum floor price, and the movement of speculative funds from oil to other commodities”. 3/11/08, Platts
Naphtha crackers currently provide 70 percent of Asia’s propylene supply. Maximising yield and looking at alternative feedstock is becoming more important especially in today’s volatile energy markets. What are the alternate process and feedstock routes to propylene? Can the latest MTO/MTP advances help to improve margins for producers in the industry?
While production efficiencies and economics are main concern, in order to boost growth of propylene, the industry is looking for new applications/technology to contribute to sustainable development. Which technology & derivatives growth will offer better return on investment?
Into its 4th year, CMT’s annual Propylene and Derivatives Markets includes vital session on
• Economic outlook amid global financial uncertainty
• Current state and development prospects of the global propylene market
• Development in derivatives and how will the market perform
• Keep abreast of the latest cracker developments from: Petrovietnam, Petrochina, Borealis, Essar
• Zoom into prospect of propylene markets in China, India, Middle East, Vietnam
• Propylene and derivatives price outlook in Asia
• Economics of Alternative feedstock supplies & technology selection criteria
• Analyze the new frontiers of process technologies from KBR, Sud-Chemie AG, Asahi Kasei Chemicals and Advanced Polypropylene Company
• Derivatives review including Phenol, PO, PP, Acrylic Acid, Acrylonitrile, Oxo-Alcohols
• Enjoy over 6 hours of networking opportunities
Mark your calendar to be at this premier gathering to network & seek new business opportunities! Sign up with your team to enjoy attractive discount.
You Will Network With
• Presidents • CEOs • VPs • Business Development/Sales & Marketing Directors/Managers • Technology Marketing/Licensing Directors • Business Analysts/Corporate Planning Managers • Commercial Directors/Managers • R & D Executives of Global/Asia Pacific Refineries and Petrochemical Corporations • Propylene Derivatives players (Propylene Oxide(PO) • Acrylic Acid, Acrylonitrile (ACN), Polypropylene (PP) & Phenol/Cumene) • Catalysts/Additives Suppliers • EPC Companies • Shipping & Logistics Companies & Consulting Firms
The Linde Group and Samsung Engineering bagged the contract to build a turnkey ethylene plant in Dahej, India. The contract, estimated at 1.030 billion euro, will build the largest plant of its kind in India and one of the largest ethylene plants in the world.
The plant is also part of a new petrochemical complex being built in Gujarat and will produce 1.1 million tons of ethylene, 400,000 tons of propylene, 150,000 tons of benzene and 115,000 tons of butadiene per annum.
Source: www.linde.com 29/12/2008, Location: Munich, Germany
For more on India’s propylene and derivatives markets production, join Mr. Pradeep Chabbra,Vice President, Head Business Development & Marketing of Essar Gujarat Petrochemicals Ltd, as he presents his paper on:
India’s Propylene and Derivatives Markets Development
· Propylene markets updates in India
· Update of refinery-petchem projects and impact on propylene
· C3 derivatives growth driving the expansions
Click here for full topic line up.
05 Jan, 2009
Advanced Polypropylene Company and Lummus Technology, a CB&I company, announced the successful commissioning of a polypropylene complex in Al-Jubail, Saudi Arabia. The plant, which has a capacity of 455,000 metric tons per annum is currently operating above the nameplate capacity. CB&I served as the PMC contractor on this fast-track project, which was completed in 32 months from EPC award to mechanical completion.
The new plant is utilizing the patented CATOFIN® dehydrogenation technology that employs Süd-Chemie's latest CATOFIN catalyst to efficiently convert propane to propylene and the Novolen® advanced gas-phase polypropylene technology, licensed by Lummus Novolen Technology. The Novolen unit at APPC has been designed for the production of both standard and specialty applications to enable APPC to serve both local and export markets.
Source: www.gulfoilandgas.com 11/5/2008, Location: Middle East
For more on Middle East propylene production, join Mr. Ali Al Shaier, CEO of Advanced Polypropylene Company, as he presents his paper on:
Middle East– Economics of Propylene Production by PDH Process
• Propylene Supply/Demand Overview
• Propylene Production Schemes
• Key Selection Factors of PDH process
• PDH process technology features
at 4th Propylene & Derivatives Markets on 11 February 2009. Click here for full topic line up or here to register.
26 Nov, 2008
Singapore, Marriot Hotel, the 4th Edition of Propylene Market & Derivatives conference, originally planned to take place in Bangkok, now moves to a new venue, Singapore! The 11-12 February event aims to exemplify pertinent issues relating to global propylene market, derivatives developments, new applications and sustainability throughout the entire petrochemical value chain.
The increase in demand of propylene in Asia, have led to producers taking on new projects expansion in the region. Volatile crude oil price is also adding strains on producers’ interplay with the market and pressure to retain profitability. Set against this scenario, CMT’s 4th series of propylene & derivates conference has brought together expert speakers from Nexant, Petrochina, Borealis Polyolefine, Essar Gujarat Petrochemicals, SI Group, PTT Phenol, Purvin & Gertz to share their views on the propylene and derivatives development in the region. In addition, KBR, Sud-Chemie AG, Asahi Kasei Chemicals and Advanced Polypropylene Company have also been roped in to provide in-depth presentations on how to maximise propylene yield through latest advancements in technologies like FCC technology, Omega technology, MTP production, PDH process and catalysts.
One of the focal highlight of the event will be first-hand insights into the recent contract between Japanese Trading House, Marubeni Corp to purchase up to 150,000 tonnes of propylene per year from Vietnam’s first refinery Dung Quat (Hanoi, Sept 19, 2008 – Reuters). Mr. Thuan Huynh Minh, Deputy Manager of Petrochemical Technology from Petrovietnam is expected to reveal some details on this via his proposed paper on Vietnam’s refinery-petchem projects, and consumption versus import status in their propylene market.
Coupled with over 6 hours of quality networking opportunity, the Singapore event is expected to be the best one – stop platform to network and build vital business relationship with participants coming from refinery, petrochemicals (olefins, propylene derivatives including polypropylene, acrylonitrile, acrylic acid, phenol, cumene) industries.
For more information on the entire program schedule, please visit: http://www.cmtevents.com/eventschedule.aspx?ev=090205&54
23 Oct, 2008
14 Nov, 2008
