20-21 Apr, 2009 - Singapore, SINGAPORE
Swissotel Merchant Court Singapore
Swissotel Merchant Court Singapore
Assessing the next petchem upturn against a global slowdown
Cost Effective Management till the Next Upturn
Against a slowing global economy, many governments are setting up stimulus packages to revive their growth. The impact of this will take time to kick in. Aromatics producers being savvy and competitive could gauge the outlook for the near and mid term future and reposition themselves to ride out the crisis. Its noteworthy that a number of aromatics projects are still being awarded to prepare for the next upturn.
Axens licenses Aromatics technology to KazMunaiGaz for a complex that will be built at Atyran, Kazakhstan by 2012 or 2013.
Uhde awarded aromatics contract by Risun Chemical Co, coal chemical company, to build aromatics complex at Tangshan, China
~ Chemical Week, Jan 5/12, 2009.
After the past couple of years of intense price volatility and increases, PX prices remain predictable for now and PTA producers are better able to manage their raw material costs. However, the PTA market which suffers from overcapacity could see some companies going under in the economic storm gathering now. How would the PX-PTA markets develop next in Asia ? While price predictability is a boon for producers, this prove to be a bane for traders as liquidity shrinks. What kind of risk management strategies can traders take to hedge their risks?
Demand for aromatics derivatives have also fallen as economies slow around asia. What are the market dynamics for PX-PTA, MDI-PU, Styrenics, Phenol & PET markets ? It is time for producers and stakeholders to reassess their risks, opportunities and strategies in these challenging times.
Attend CMT's 5th Asia Aromatics & Derivatives Markets to :
- Decipher how the global/regional economy is evolving
- Hear Nippon Oil Corporation's perspective on benzene pricing and impact on term contracts
- Better manage risks in petrochemicals trading
- Forecast the future developments of India, China and Middle East's aromatics markets
- Stay updated with aromatic production technology advances and how it can save costs
- Gain an insight into how EPCs view project implementation in the Middle East vis-à-vis Asia
- Review aromatics derivatives dynamics : MDI-PU, PX-PTA, Styrenics, PET, etc
- Assess trade finance challenges & criteria for lending in a tight credit climate
- Share insights and network with key players in the aromatics & derivatives industry
And more! Sign up with your team to enjoy group discount. Register online at www.cmtevents.com or send in your query to emily@cmtsp.com.sg
You will network with
CEOs, MDs, VPs, Business Development Directors,
Country Manager, Technical Development Directors,
Sales & Marketing Directors, Commercial Directors/Managers,
Product Managers, Regional Managers,
Traders From petrochemicals/aromatics & derivatives manufacturing &
trading companies including catalyst suppliers, feedstock providers,
technology providers, EPC contractors, banking &
financial institutions, consultants, logistics & shipping companies.
Abu Dhabi's ruler has signed a decree for the formation of the Abu Dhabi National Chemicals Company (Chemaweyaat), in a further sign of the emirate's commitment to the $20bn industrial chemicals venture.
A source close to Chemaweyaat said, "In certain cases you have a decree company [in Abu Dhabi]". "This is just confirming that the decree has been made and [the project] reached a further phase. It is a reassurance of the project".
Production at the complex, will include a 145,000 tonne a year (t/y) naphtha cracker, 550,000 t/y of linear low density polyethylene, 350,000 t/y of low density polyethylene, 750,000 t/y of ethylene oxide, 145,000 t/y of aromatics (benzene, toluene and xylenes), 510,000 t/y of urea, and 450,000 t/y of polypropylene, alongside a reformer and phenol and cumene units.
Source: http://www.yourindustrynews.com/news_item.php?newsID=24623, 20 Feb 2009, Abu Dhabi, UAE
For more information, on ChemaWEyaat project, hear from Mr. Mohammed Al Azdi, CEO of
Abu Dhabi National Chemicals Company (Chemaweyaat) on Day 1 of 5th Asia Aromatics & Derivatives as he presents his paper on;
· ChemaWEyaat Project: The Future of Aromatics in Abu Dhabi
26 Mar, 2009
5th Asia Aromatics & Derivatives conference brings together key international players to share insights on two key challenges for the industry - costs and efficiency. They will also provide their perspectives on the near and mid-term business outlook and repositioning strategies to ride out the current market dynamics.
The Confirmed Speakers are;
The rest of the panel of experts include CME Group, Kuwait Institute for Scientific Research, Indian Oil Corporation Ltd, Chemical Market Research Inc./ChemLocus, Idemitsu SM (Malaysia) Sdn Bhd and many more! With over 2 days of interaction with industry peers, 5th Asia Aromatics & Derivatives is geared to be the forum for first-hand business updates and platform for potential future contracts, joint ventures and investment. Click here for more information on event.
18 Mar, 2009
Indorama Petrochem Ltd has reportedly curtailed production capacity of purified terephthalic acid (PTA) by 5% due to dearth of paraxylene (PX) supply from one of its leading PX suppliers, Thai Paraxylene. Thai Paraxylene has cut 30% production capacity at its 490,000 mtpa PX unit since start of 2009. As per the sources close to the company, Indorama is sourcing close to 5000 tons of PX for March-loading from spot market as it faces a shortage in PX supply from Thai Paraxylene.
Indorama Petrochem manufactures PTA at the Asia Industrial Estate, in the Map-ta-phut petrochemical hub in Rayong, Thailand which has a maximum operational capacity of 700,000 mtpa. It sources PX from reputable manufacturers and suppliers including Exxon Mobil Asia Pacific, Thai Paraxylene, Aromatics Thailand and Petronas.
Source: http://www.plastemart.com/plasticnews_desc.asp?news_id=14502&P=P, 25/2/2009, Thailand
For more info on Asia’ PX and PTA Business, join Mr. John King, Vice President & Director of Nexant Thailand Ltd. at 5th Asia Aromatics & Derivatives as he presents his paper on;
Dynamics of the PX and PTA Business in Asia
11 Mar, 2009
Uhde has been awarded a contract by Risun Chemical Company of China to build an aromatics plant at Tangshan. The new plant will produce top-quality benzene, toluene and xylene valuable aromatic fractions from coke oven light oil, mainly for the Chinese market. High-purity aromatics are processed by the chemical industry into essential intermediate products used, for example, in the production of plastics.
The plant, which is designed for a throughput capacity of 200,000 tonnes of coke oven light oil per year, is due to come on stream in 2010 and joins a major high-purity aromatics plant being built by Xingtai Risun Coal & Chemical Company, using Uhde’s process. This second plant will start up around mid-2009 and together the two plants will mean that the Risun Group will gain a production capacity of 260,000 tonnes of high-purity aromatics per year.
Another two contracts received by Uhde in China have come from Chinese coke producers. One is for the construction of a high-purity aromatics plant at a coke plant site in Qujing and the other will be built at a coke plant site in Wuhan). Both plants will be based on Uhde’s Morphylane® process.
Source: www.uhde.eu, 17/12/2008
For more information on Uhde’s Aromatics plans in China, join Dr. Christian Huber, Senior Process Engineer of Uhde at 5th Asia Aromatics & Derivatives as he presents his paper on;
03 Mar, 2009
