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| "Gearing Up for the Recovery!" |
Depleting ethane reserves in ME and rise of US shale gas economy has altered the fundamentals of petrochemical markets globally. Prospects of an EU economic revival with new fiscal restructuring promises to push faster recovery for global petrochemical players.
Riding on the shale gas promise the US petrochemical industry has witnessed significant investments in mega projects. To what extent these planned outputs will impact the region remains to be seen. With ME producers shifting towards increased use of liquids feedstock, due to falling ethane availability there are doubts over its future competitiveness. This offers a new found opportunity for Asian producers to strengthen the local market position. Besides, Chinese focus on CTL and shale gas reserves could lead to rest of Asian producers securing a more competitive traditional feed stocks position.
New technology developments continue to reshape the industry besides offering flexible feed stocks possibility. While PDH technology has been gaining wider acceptance MTP technology lend a new dimension to competitive propylene production.
The promising Chinese auto markets are poised to boost butadiene markets. While China remains a major importer Indonesia is fast emerging as a hot spot for investments. Malaysia is poised to establish its regional petrochemical hub status while India continues to seek fresh investments in feed stocks and downstream derivatives. How fast will the bio based industry address the sustainability and techno economic complexities? | Join the 19th Asia Petrochemical Summit and gain insights from the expert panel on:
CMT's APS is a valuable meeting point for regional petrochemical practitioners. So send your key Marketing and Business teams to benefit from group discounts and mark your calendar today!
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