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CEOs, Presidents, GMs, Product/Marketing/ Sales Directors, Commercial Directors, Corporate planners, Procurement Directors/ Managers, Senior Executives & Traders from Feedstock/ Petrochemicals/Chemicals Intermediates/Polymers Companies, Refineries/ Additives and Catalyst Companies, Industry Consultants, Project Financiers, Technology Licensors, International Engineering & Contracting Firms
“Changing Trade Flows Amid Excess Capacities & Economic Uncertainty!”
With Washington and Beijing set to sign a “phase one” trade deal on 15 Jan 2020, the aversion of further trade tensions is “positive news” for all countries. However, there are still many issues to be resolved between the 2 countries and any escalation of issues will further impact global economic performance, as well as chemicals trade.
Phenol market worldwide is projected to grow by US$7.9 Billion, driven by a compounded growth of 4.9%. Asia is expected to drive the global phenol capacity growth from planned and announced projects between 2019 and 2023. Some of the new projects include :
Haiwan Chemical Co. has awarded a technology contract to KBR for a new 320,000-t/y phenol and acetone facility to be built in Dongjiakou Industrial Zone, Qingdao City, Shandong Province, China, as per Apic-online.
~ 22/7/2019, www.mrcplast.com
Two of South Korea's biggest conglomerates are joining forces to build new C4 fractionation and bisphenol A (BPA) chain plants on the country's southern coast.
~ 15/7/2019, www.argusmedia.com
Reliance confirms $9.8 billion COTC project in India. In the C3 chain, the complex will produce among other chemicals, 1.5 mmt/yr of Cumene, 1 mmt/yr of Phenol, 620,000 mt/yr of Acetone, 500,000 mt/yr of BPA, 600,000 mt/yr of PC, 250,000 mt/yr of Isopropyl Alcohol.
~ 2-9/12/2019, www.chemicalweek.com
China has imposed anti-dumping duties on phenol imported from the United States, the European Union, South Korea, Japan and Thailand starting on 6 Sept 2019. According to the Ministry of Commerce, those countries and regions' dumping of phenols caused "substantial damage" to China's domestic industry. The tariffs, ranging from 10.6 percent to 287.2 percent, will last for five years! How will these antidumping measures change the trade flow in the region?
The circular economy is gaining increasing attention in Europe and around the world, is the Phenol/Acetone & Derivatives industry doing anything to be part of the circular economy? Recently, Covestro and Nongfu Spring announced cooperation on upcycling of polycarbonate water barrels. Fibrant will also shares the dis)advantages of phenol based capro from a sustainability footprint point of view vs other routes to Capro at this event.
Attend CMT’s 17th Phenol/Acetone & Derivatives Conference to gain the latest insights in the Phenol/Acetone value chain!
|Be a Sponsor or Exhibitor!|
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