The Global Aromatics Industry is Entering a Major Expansionary Period

The global aromatics industry has announced a number of new additions in production capacities and this unprecedented scenario for the aromatics industry is expected to drive operating rates significantly lower and impact industry profitability.

Jurong Aromatics Corporation Pte Ltd (JAC) announced that its US$2 billion petrochemical plant on Singapore’s Jurong Island will be completed in 2011, and the complex will produce around 1.5 million tonnes of aromatics, targeted as raw materials to textile and plastics manufacturers.

With a series of new petrochemicals projects by Shell, Exxonmobil, Reliance and as well as in China, this will only mean increasing demand for feedstock, thus further adding to the tightness.  

High naphtha prices have hit almost all sectors of the petrochemicals market, and might have gradually eaten into the cracker production margins.  The economics of naphtha and pygas-based benzene look seriously challenged both in the short and long terms.  And it is also a questionable doubt if China will produce enough naphtha to operate all the petrochemical projects (existing and announced) when the priority is gasoline and diesel production. 

Why You Should Attend

Gain first hand insight into major developments of the aromatics value chain that will affect your company in the next 10 – 15 months:

• Gain access to the outlook for BTX markets, trade patterns, pricing relationships, profitability, production costs and technology.
• Naphtha market dynamics and key drivers: will there be enough and at what price?
• Gain producers’ perspective on the aromatics project/investments in Asia (China, Thailand) and the Middle East
• Keep abreast with the aggressive PX production expansion in India and find out how this will impact on the global trade
• Assess the economy of Asia (especially China & India), as well as the weighted impact of the US sub-prime crisis on Asia’s petrochemical industry
• Have a macro insight into the downstream derivative markets and find out what new applications has risen in Sytrene, Polyester, Polyurethane and Phenol

CMT’s 4th Asia Aromatics and Derivatives features key industry participants and senior decision makers, providing attendees an excellent platform to gain market intelligence and establish business opportunities.

Mark your calendar to be at this premier gathering of key industry players.  Sign up with your team to enjoy attractive group discount. 

You Will Network with
• CEOs • Presidents • GMs • Advisers • Product/Marketing/Sales Directors
• Business Development Managers • Executives & Traders from Petrochemical Aromatics & Derivatives companies • Coal & Natural Gas Producing Companies
• Refineries, Additives & Catalyst Companies • Industry Consultants
• Project Financiers • Technology Licensors • International Engineering and
Contracting Firms supporting the energy industries