Middle East - the fast emerging source of aromatics

“The Qatar Petrochemicals Complex (QPCC), which is expected to begin commercial production in 2011, would produce 1.7 mil ton/yr of propylene, PP, Styrene, PS & Aromatics (xylene)” 
16/10/07, Pipeline Magazine

“State-run Indian Oil Corp. says it plans to seek board approval for a $2.5bil PX unit at the Haldia refinery in March 08” 

07/02/08, Earthtimes.org

“The IPIC & Borealis have signed a MOU along with Abu Dhabi Investment Council to prepare jointly for the first phase of the development of a planned new Chemicals Industrial City to be located in Abu Dhabi. The multi-billion dollar project comprises of a world scale naphtha cracker, …a world scale reformer, xylene, benzene, cumene, phenol & derivatives units”. 

19/03/08, Borealis website

With Middle East diversifying into Aromatics & downstream investment, doubts are aplenty about their  competitiveness relative to Asia. With no cost advantage as in olefins investment & burgeoning oil and naphtha prices,  the future seems uncertain. Besides EPC costs are today an all-time high making downstream investments non competitive. How are the aromatics investors responding to these challenges? Will all the announced projects go ahead?

Strategic investment in styrene & phenol industries in the Middle East coupled with demand for PET is expected to provide an additional outlet for olefins.  To what extent can the markets absorb these additional capacities when they come on-stream in the next 3-5 years? Will the petchem industry recover from the  down-cycle then?

CMT’s 3rd MENA Aromatics & Derivatives Markets conference gathers the leading regional industry players to  address pertinent industry issues. Excellent opportunity to network with global players in one venue!

Key reasons to attend

• Assess the  global aromatics industry’s performance & how Middle East capacities will tip the balance?

• Find out how the aromatics players are responding to the high oil prices & impact of gasoline prices on benzene market

• Economics & effectiveness of coal based aromatics

• Gain first hand information on the project status from Qatar Petroleum & Qurain Petchem Industries on their aromatics and downstream investment

• Keep abreast on the market dynamics  in India & Egypt

• With rising EPC costs, find out what are the cost management contracting strategies

• Learn from the carbon expert how petchem companies can profit from carbon management & trading opportunity

• Evaluate the cost economics of refinery & petchem integration

• Discover the latest BTX technology advancement to provide higher yield at lower cost

• Stay updated on the downstream development trend

• Logistics and distribution issues are ever so important especially for Middle East project targeting Far East or Europe market. How is the freight market doing and what are the constraints/challenges faced? 

YOU’LL NETWORK WITH
• CEOs • MDs • VPs • Business Development Directors • Country Manager • Technical Development Director • Sales & Marketing Director • Commercial Director/Manager • Product Manager • Regional Manager • Traders from petrochemicals/aromatics & derivatives manufacturing & trading companies including catalyst suppliers, feedstock providers, consultants, banking & financial institutions, technology providers & EPC contractors.