06-07 Apr, 2009 - Singapore, SINGAPORE
Swissotel Merchant Court
Swissotel Merchant Court
"Demand has dropped so dramatically in the fourth quarter that roughly 25% of capacity has been shut down... "It's really unprecedented to see that much shut down." (Source: C&EN - 12 Jan 09)
The condensate market was battered by the slump in Asian naphtha values, as petrochemical prices spiralled lower. ...even as naphtha cracks began to recover, also brought some of the darkest moments to the condensate market. (Source: Singapore Platts - 20 Jan 09)
With falling demand, tightening credit, volatile feedstock pricing, the outlook for the petrochemicals sector is increasingly gloomy. What are the long-term predictions for the industry and what regional trends are likely?
Crude oil prices, which dropped from a peak of $147/bbl in July 2008 to below $48/bbl in December due to weak demand resulting from the global economic crisis, are unlikely to recover above $50/bbl in 2009, analysts said. (Source: ICIS News - 08 Jan 09)
In order to optimize their cost of production, petrochemical players have been evaluating and developing alternative feedstock options: bio-based and coal based feedstock, are these still a viable option for the petrochemical industry in the current falling crude oil environment? While production efficiencies and economics are main concern, what is the role of technology to help increase cracker yield and margin in a weak petchem environment.
Global liquidity constraints affect the industry players, and the main concern to producer is how to get trade financing. What are the alternative avenues of financing available and strategies going forward? Price volatility surrounding petrochemical feedstock is a harsh reality that creates distress all along the supply chain. How can the industry cope with the challenge of price fluctuations?
Given these and other seismic shifts in the business bedrock, it is now more important than ever for producers & traders from petrochemical companies, refineries, gas, condensate, naphtha, methanol, coal, technology specialists, EPCs to join together to find solutions for the future growth of the industry and ensure sustainability. It is crucial for all involved in the sector to keep abreast of all current activities in order to maintain and build a competitive position in the market.
CMT's 8th Asia Petchem Feedstocks Markets will help identify opportunities amidst challenges:
Key Highlights:
1. Credit crunch and its impact on global trade and investment. How will consumers' habits change in light of credit crunch? How fast will Asia recover from the downturn?
2. Feedstock market dynamics and how this is impacting petchem margins, market and trends.
3. Review on global crude, condensate, naphtha, LPG and gasoline market
4. Assessing the viability of bio based and coal based feedstock for the petrochemical industry
5. Evaluating innovative technology to increase cracker yield and margin.
6. Hear from Goldman Sachs on risks involved in swaps and hedging and how it helps in managing feedstock price volatility
7. Latest on the economics of petchem - refinery integration to gain competitive advantage
8. Keep abreast of the latest petrochemical development and feedstock outlook in Asia/Middle East and use this knowledge to develop robust plans for an uncertain future
9. China's coal outlook and how will it transform the way petrochemical products are being produced? How sustainable is this option?
10. Assessing trade finance solutions and criteria for lending
You Will Network With
- Managing Directors/Presidents - Vice Presidents - Directors - Sales/Marketing/Business Development Managers - Trading Managers - Executives - Analysts from international /regional refineries and crackers feedstock trading companies, petrochemicals companies, coal suppliers, analysts, financiers, chemical additives, technology suppliers and shipping/logistics/storage companies
"Early 2009 will likely see an increase of 3-4 million (metric) tons of oil product supplies each month from new refining capacity," said a Beijing-based analyst, who used to work in Sinopec's market research division.
If refiners maintain 90% operating rates, and domestic oil demand grows at around 4.7% on-year, then China will flip to a net exporter of oil products in 2009, shipping 10.65 million tons overseas, the analyst said.
With output capacity being added at a rapid rate in the Middle East, the danger for China's refiners is a global supply overhang that will squeeze margins on petrochemical products even further.
Source:Dow Jones Newswires. Tuesday, December 02, 2008
For more information on latest update on China’s Petrochemical scene, join CMT’s 8th Asia Petchem Feedstocks, 6 – 7 April 2009, Singapore.
Distinguish speaker, Yujiao, Vice Director-Marketing Research Division, Economics & Development Research, Sinopec will present her papers on the China’s Petrochemical Expansion:
- Current production demand vs import and outlook towards 2015
- Will China continue to be a big importer of petchem feedstock
- Projects update
05 Mar, 2009
ONGC Petro-additions Ltd., India's Oil and Natural Gas Corp. have proposed building a petrochemical complex in the Dahej Special Economic Zone in the western Indian state of Gujarat.
The planned complex will comprise an ethylene cracker and associated units and polymer plants to manufacture 1.1 million tonnes of ethylene, 400,000 tonnes of propylene, 150,000 tonnes of benzene, and 115,000 tonnes of butadiene per year.
The ethylene cracker, which will be built on a turnkey basis will be the largest such plant in India. The complex, which will serve as the anchor industry in D-SEZ, will help to develop various plastic processing industries within the zone and take advantage of export opportunities, according to ONGC.
The anticipated completion date of the complex is late 2012.
Source: www.downstreamtoday.com 5/1/2009
For more information on ONGC’s petrochemical plans, join Mr. Ashanendu Mandal, Engineer (Production-Marketing) of ONGC at 8th Asia Petchem Feedstocks Markets as he presents his paper on;
India's petrochemicals feedstock markets development and trade within the region
06 Feb, 2009
Lurgi AG has been awarded two contracts in China for the first commercial-scale plants based on its technology for the production of plastics from coal, at a total capital investment amount per project exceeding Euro one bln. Both plant complexes will produce around 500,000 tons of polypropylene per year from coal.
The plants are due to go on stream in late 2008 and early 2009, respectively. Lurgi's contract value alone exceeds the 100 million euro mark by far. Both projects comprise the technology license, engineering services as well as the supply of special equipment for building propylene plants.
The Lurgi MegaMethanol® technology provides the feedstock for the latest process developed to commercial maturity by Lurgi, i.e. MTP®. MTP® complexes constitute the first step on the way to diversification into the field of coal to chemicals and fuels in China. This is the first of its kind application in China of Lurgi's key technology for the commercial production of plastics directly from coal. The technology is of high strategic value mainly for countries which have vast coal reserves.
Source: http://www.plastemart.com/plasticnews_desc.asp?news_id=9708&P=Pt , 4-1-2007.
For more information on Coal to Chemicals and Fuels, join Lurgi as they will be speaking on the topic:
Coal to (Poly) Propylene - From Engineering to Construction
- Drivers of coal-based MTP
- Status of current projects
06 Feb, 2009
