Petrochemical market has witnessed much activity. For instance, Egypt's Sidi Kerir Petrochemicals Co (SIDPEC) is ushering in investments worth USD670 million into a number of new petrochemical projects. In addition, Egyptian and Kuwaiti companies – Egyptian Petrochemicals Holding, Egyptian Phosphate, Egyptian-Kuwait Holding, Saudi International Petrochemical, Bawabet Al-Kuwait Holding and Boubyan Petrochemical have signed deals to build a propylene complex, petrochemical and refinery plant, formaldehyde plant and phosphate and compound fertiliser complex in Egypt.

Iran has begun execution of a project worth $12 billion to build 17 petrochemical units in the Iranian city of Chabahar on the Sea of Oman coast. The plan is to produce 22 million tonnes of petrochemical and polymer products per year which would target the markets in Pakistan, India and China. Oman to invest $7B on new Indonesia refining, petrochemicals complex. The refinery and petrochemical complex would be built in Indonesia's Riau province, with the oil products being purchased by state-owned Pertamina.

Meanwhile China remains the major benzene importer in the world. Wood Mackenzie forecast that future growth in China’s benzene supply will be driven by the polyester industry, with production that is closely associated with paraxylene to meet more than 50% of China’s projected demand by 2035.

At 22nd Asia Petrochemical Summit (APS) on 10 -11 September, 2015 in Singapore, SIDPEC and Wood Mackenzie will discuss above trends in these sessions:

Petrochemicals industry and markets in MENA region, case study from Egypt
Eng. Ihab Yahia, Marketing Research Department Head, (SIDPEC) Sidi Kerir Petrochemicals Co

Benzene: reconciling derivative demand growth with a constrained long-term supply outlook
Darryl Xu, Analyst - Downstream, Midstream & Chemicals, Wood Mackenzie

Besides, senior representatives from BASF, Indian Oil Corporation, Reliance Industries Ltd. and many others are also contributing at 22nd APS.

View final agenda for complete line-up of sessions.

22nd APS is part of the umbrella event – Refining & Petchem Asia, which also incorporates Refining Outlook Asia. View event website for more details.