The changing face of regional petchem industry
amidst possible economy recovery

Changing face of petchem industry amidst possible economic recovery

One of the world's main drivers for growth, China, has seen its demand returning to 90% of what it was before the downturn (Source: Business times, May 5 2009) and its economic growth was up at 7.9% between April & June (Source: China's National Bureau of Statistics). Compared with the 1st quarter of 2009, the global economic situation seem to have improved considerably. Is the recession truly over for the petrochemical industry as well?

International Petroleum Investment Company (IPIC) a state-owned investment firm based in Abu Dhabi bought over Nova Chemicals in February 2009 (www.purchasing.com, 2/23/2009). Will this mark the start of more mergers and acquisitions? What is the consolidation potential of the petrochemical industry and how will trade flow dynamics change?

While many cracker project expansions were put on hold during the downturn, there were others that bucked the trend. Chemaweyaat is building a integrated complex producing olefins, aromatics, oxide and ammonia derivatives which is slated to come onstream 2014. (Source: reuters May 13 2009) Borouge is building a 1.5 million m.t./year ethane cracker at Ruwais, Abu Dhabi. (Source: Chemical weekly July 6/13 2009). What is the status of project announcements in the Middle East?

China and India remain on the radar for many producers and will be important to get a review of their demand and their capacity expansions. Other polyolefin and olefin markets that may grow in significance include North Africa and Algeria. While volume and expansions maybe small in these markets, it will be noteworthy to review their developments and growth potential.

Attend CMT's 7th MENA Olefins & Polyolefins Markets Conference to:

• Gain an update on the dynamics of changing trade flows in the global industry
• Review the latest project developments in: Abu Dhabi, Saudi Arabia, Qatar, Algeria
• Analyse polyolefins consumption trends in India, China & North Africa
• Gain an insight into the Middle East plastic packaging markets from a major player
• Gain an overview of plastic pipe markets
• Hear how major players value add their products and stay competitive
• Learn how producers can manage their feedstock strategies efficiently
• Manage carbon footprints concerns & profit from the process!
• Assess the capability of current ports & transport facilities in supporting the needs of the Middle East producers
• Over 6 hours of networking opportunities

Sign up with your team at www.cmtevents.com today and be part of the action! For further queries, email sasha@cmtsp.com.sg

You will 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 & chemical industry, polyolefins producers,
plastics processors, polymer additives & catalyst companies,
EPCs, machinery suppliers, consulting firms and many more