How will the Mideast Olefins & PP/PE markets evolve?

By end of the decade, suppliers in the Middle East will command 20% of global PE production and 11% of the world’s PP output. ~ www.modplas.com, June 1st 2007

The latest JV announcement by Saudi Aramco and Dow to develop a world scale chemicals and plastics production in Saudi Arabia (Source: www.ogj.com, May 14, 2007) is one of the many announcements that has since taken place. With many of these capacities coming on stream in the next few years, the Gulf region is set to play a key role in the world’s plastics output.

How will the competition look in the next few years as these giants jostle to increase their market share? Is proximity to cheap feedstock enough to help them in this game? What are the technology options available to help increase their efficiency? 

Market sentiment is divided on whether demand from Asia especially China will be able to absorb the capacities coming out of the Middle East in the future. The conference will look at the consumption trends and trading patterns of these markets which may provide a clearer picture for producers.

Some of the challenges faced by producers who are keen to expand their operations are EPC resources and finances. How can producers cope with the prevailing shortage of EPC resources? 

With the view that the GCC is poised to become the world’s largest producer and exporter of plastics and petrochemicals, the Dubai Multi Commodities Centre has launched a portfolio of 4 plastics futures contracts that is meant to help producers hedge price risks in the industry. What are the implications for producers and converters? How will this help them hedge their risks?

Explore these and more at CMT’s 5th Mideast Olefins & Polyolefins Markets Conference
• Project Updates in Saudi Arabia, Egypt, India, China, etc
• Polyolefins consumption trends in Asia, China, Turkey
• Latest Propane to Propylene Technology
• EPC Resource and Project Finance Issues
• Economics of Integrated Refining and Petrochemical Complex
• Shipping & Logistics Outlook & Development Trends
• Packaging & Closures Trends

Mark your calendar to attend this premier meeting of key industry decision makers. Sign up with your team at www.cmtevents.com or vynn@cmtsp.com.sg for enquiries.

You’ll network with:
• CEOs • MDs • Regional Directors • Commercial Directors • Business Development Directors/Manager • Marketing Managers • Technology Licensing Managers • Marketing Managers • Plant Operation Managers • Corporate Planners • Plastics Converters • Bankers • Packaging film • Logistics/SCM Firms from petrochemical producers, propylene & ethylene producers, polyolefins producers, plastics processors, polymer additives & catalyst companies, Engineering Procurement & Contracting Companies (EPCs), machinery suppliers, consulting firms and many more