17th Phenol/Acetone & Derivatives,

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11-12 Mar, 2020 - Singapore, SINGAPORE

Orchard Hotel Singapore

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“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! 
 

  • Find out from leading producers including Ineos Phenol, Cepsa Quimica & more on the global Phenol/Acetone markets & direction
  • Mitsui & Co provides in-depth discussion on changing trade flows & excess capacities of BPA, PC & Phenol. 
  • Join Oxford Economics to find out the performance of the global economies
  • Gain insights from leading players – Cepsa Chemicals and Deepak Phenolics the performance of Phenol value chain in China & India
  • Luxi Group to update on China/Asia Polycarbonate Market Trends Moving Forward
  • Fortrec Chemicals and Petroleum assess the Benzene  markets and trade flow while Wu Jian discusses Propylene trade movement
  • Latest on regional Phenolic resins market from SI Group
  • Aditya Birla Group shares insight on the epoxy resins market
  • Acetone recycling technology & economics by Versalis
  • Fibrant shares an update on Sustainability and market trends in Caprolactam &  Nylon value chain
  • Focus on MMA market will be discussed
  • Find out how IMO 2020 regulation will impact freight rates
  • More than 8 hours of networking with industry’s who’s who!
Register with your team today at www.cmtevents.com to enjoy group discount!  Email grace@cmtsp.com.sg for more information.
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Testimonials From Last Conference

"It has become a compulsory event every year and very much useful for business and contacts" – Camlin Fine Science

"Generally good balance of contents" – Sumitomo Corp

"A good balance between presentations + time to network + discuss with attendee" - Badger Licensing

"It was fruitful" – Altiparmak Kimya
 

"It was interesting to see the market through different viewpoints of Phenol/ Acetone producers from various regions" – PTT

"I enjoy this conference and thought it was very well attended" – The Plaza Group

"Great opportunity to learn about ongoing trends in the Phenol/ Acetone and adjacent industries and for networking with stakeholder from those industries" – Covestro

 
 
Be a Sponsor or Exhibitor!

This event is an excellent platform to promote your organization to influential players and investors in the industry. Sponsorship opportunities available include Corporate, Exclusive Luncheon & Cocktail sponsor.

Exhibition / catalogue display can be arranged upon request. Contact fiona@cmtsp.com.sg

News Feed

Lotte Chemical and GS Energy collaborate for new C4 and BPA chain plants in South Korea

Posted on : 20 Jan, 2020

 
South Korea’s Lotte Chemical and GS Energy are jointly investing 800bn won ($679mn) to build new C4 fractionation and bisphenol A (BPA) chain plants at Lotte's petrochemical complex in Yosu.
 
The C4 fractionation plant (scheduled to open in 2022) is expected to have an annual capacity of 215,000 tons of C4 fractionation products, including 90,000 t/yr of butadiene (BD), 70,000 t/yr of tertiary butyl alcohol (TBA), 40,000 t/yr of 1-butene and 15,000 t/yr of methyl tert-butyl ether (MTBE).
 
On the other hand, the BPA plant will have an annual capacity of 200,000 tons of BPA, 350,000 t/yr of phenol and 220,000 t/yr of acetone. It is scheduled to be operational in 2023.
 
GS Caltex (a JV between GS and Chevron) will supply feedstock such as propylene and benzene to Lotte GS. Meanwhile Lotte will use its BPA products to drive down costs of its polycarbonates.
 
Lotte has also invested in a heavy-feed-based petrochemical complex in Daesan, south of Seoul – which is a JV with Hyundai Oilbank. The heavy-feed cracker will produce 750,000 t/yr of ethylene and 400,000 t/yr of propylene at full capacity.
 
Other investments include – expanding the production of acetic acid and vinyl acetate monomer (VAM) through a JV with BP in the southeastern port city of Ulsan as well as a naphtha cracker in Indonesia with a capacity to produce 1mn t/yr of ethylene and related products.
 
Lotte also owns a 88% of a joint venture with Atlanta-based Westlake subsidiary Axiall, which started a new 1mn t/yr ethane cracker in the US state of Louisiana.
 
For more insights on the latest investments and capacity expansions in the phenol and acetone market, attend CMT’s 17th Asia Phenol/Acetone & Derivatives on 11-12 March 2020 in Singapore.
 
Email Grace at grace@cmtsp.com.sg or call +65 6346 9147 for details on the program.
 

Haiwan Chemical Awards Phenol and Acetone Technology Contract to KBR for new plant in China

Posted on : 14 Nov, 2019

 
Haiwan Chemical is building a grassroots 320,000 tons per annum phenol/acetone plant in Dongjiakou Industrial Zone, Qingdao, Shandong Province in China.
 
The new phenol and acetone plant will use KBR’s phenol and acetone technology for the upcoming plant.
 
Besides providing technical and training services to the new plant, KBR is also expected to provide basic engineering design (LBED).
 
Haiwan Chemical produces 32% and 50% caustic soda, vinyl chloride, SG-8, SG-7, SG-5, SG-3 type of polyvinyl chloride, dichloroethane, etc.
 
Besides this new contract, KBR has also secured a maintenance alliance programme (MAP) contract – whereby KBR will provide long-term maintenance services to Sadara Chemical, a joint venture (JV) of Saudi Aramco and Dow Chemical.
 
The Sadara project is said to be the largest chemical complex built in a single phase, with 26 manufacturing plants, with a total investment of $20bn.
 
For more latest phenol and acetone market trends, attend CMT’s 17th Asia Phenol/Acetone & Derivatives on 11-12 March 2020 in Singapore.
 
Email Grace at grace@cmtsp.com.sg or call +65 6346 9147 for details on the program.