“Asian expansions will continue to add uncertainty to propylene markets worldwide for some time to come…”
“Propylene spot numbers in Asia have fallen by about $100/tonne in the past month to around $1,000/tonne…”
25 June – 1 July 07, ICIS Chemical Business

Asia is witnessing a series of new propylene capacities coming onstream, including that of Jilin Chemicals, Mitsubishi, Samsung Total, Yeochun, Essar Petroleum, PTT Chemical and Siam Cement.  This May, Formosa Petrochemical’s facility came onstream, bringing 600,000mt/year of propylene to the market.  Traditional import-dependent nation such as China continues its expansions and in Vietnam, the Dung Quat refinery is expected to produce propylene by 1H2009.

Overall, the import capabilities of individual nations are reduced.  What are the motivations behind new expansions?  Are growth in downstream derivatives markets strong enough to soak up the propylene?  Will the strong performances be maintained?  Where will the excess propylene go to? 

Crude oil prices recently climbed beyond US$70 as bullishness returns.  Naphtha supplies remains tight too.  How can producers maximize their propylene yield amidst the rising energy costs?   What are the recent advancements in technologies and catalysts?  What are the alternative feedstocks that are more cost effective?

The increasing capacities in Asia also signal that capacities from the Middle East need to be re-directed.   Is forward integration the way to go in the Middle East?  Also, will Europe emerge to become the first choice export destination compared to Asia? 
Find out these and other concerns at CMT’s 3rd Propylene Markets & Tech Conference 2007.

Conference highlights include: 
• Global outlook & trade flow of propylene and derivatives
• Energy market development & impact on propylene production
• Focused markets reviews of Asia and the Middle East
• Updates of production technology in enhancing propylene yields
• Prospects of derivatives: PP, Cumene/Phenol, Acrylonitrile & Acrylic Acid

The conference presents an excellent platform to gain market intelligence and establish your contacts.  Join the event and let your knowledge leapfrog and network enlarge! Secure your seats by registering online at www.cmtevents.com or send in your details to vynn@cmtsp.com.sg

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