23-24 Feb, 2012 - Shanghai, CHINA
InterContinental Shanghai Pudong
InterContinental Shanghai Pudong
"Rising Capacities in Asia &
"CEPSA started construction of a chemical plant in Shanghai, a key step in its strategy of globally expanding its operations. CEPSA's new plant, located in Shanghai Chemical Industry Park (SCIP), will have capacity to produce 250,000 tonne of phenol and 150,000 tonne of acetone. The facilities are slated to come on-stream at the end of 2013." [20 October 2011, World of Chemicals]
"As part of Bayer's strategy, a new polycarbonate production facility is scheduled to be built in Shanghai with a capacity of 200,000 metric t/y. In addition, at the same location it is planned to increase the capacity of Bayer's existing plant by 100,000 t/y, to 300,000 t/y. This is part of a EUR 1 billion investment plan till 2016 at the Bayer Integrated Site Shanghai, announced end-2010." [19 May 2011, pudaily.com]
Expansion plans and investments by the big players in the phenol and acetone industry are taking place rapidly these days. Companies, recognizing the growing demand from the China market, have made plans to increase production capacities by either expanding their current plants or build new ones in a bid to augment supply.
Undeniably, China is a huge market with immense growth expected. To fully capitalize this market and ensure swift decision making, Bayer MaterialScience has relocated their global headquarters from Germany to Shanghai. Hear from them as they talk about the China's fast-growing polycarbonate market and plans to increase their foothold in Asia Pacific. Momentive Performance Materials also acknowledges the robust demand in the downstream markets and subsequently went into a joint venture with UPC Technology to produce phenolic resins in China. They will be sharing details of this project.
Currently, this industry is experiencing widespread restructuring where the older and smaller scale units shut down, while others like Sunoco's sales of its phenol complex leaving it with no stand-alone chemical complexes. Cumene supply is expected to be short in the long term when some of the plants in US close down due to low profit margins. Find out from Sumitomo Corporation about the cumene market dynamics and its forecasted demand and supply.
As the automotive industry grows by leaps and bounds, how does it drive the demand for polymers like phenolic resins, MMA and polycarbonate and what are the consumption trends? How is the MMA market faring with the rise in production of LED/ LCD screens?
Attend CMT's 9th Phenol/Acetone & Derivatives Markets conference to find out more about these developments and the future growth of phenol & acetone markets. Register online at www.cmtevents.com with your team today! |
Key Reasons to be at
Be at this exciting event and make new contacts! CMT's 9th Phenol/Acetone & Derivatives Markets conference offers extensive business networking opportunities with Asian and global players in one venue! Sign up with your team to enjoy group discount. Register online at www.cmtevents.com or email to grace@cmtsp.com.sg.
You will network with: Presidents, MDs, SVPs, VPs, GMs/Managers from Commercial/Foreign Trade, Sales & Marketing, |
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CMT’s 9th Phenol/Acetone & Derivative Markets Conference is shaping up to be an important industry-networking platform, with an excellent mix of participants coming from key sectors across the Phenol value chain. Here is a breakdown of attendee profiles:
Participants at the conference are looking forward to meaningful exchanges with industry’s most influential names including Sumitomo Corporation, Mitsui & Co. Ltd., Cepsa Quimica, Momentive Specialty Chemicals, Bayer MaterialScience (Shanghai) Management Co. Ltd., Kumho P&B Chemicals Co Ltd, Nexant Asia Limited, and many others who include top executives from Asia and beyond!
Those interested to participate should Register immediately to confirm their seats or email grace@cmtsp.com.sg for details.
13 Feb, 2012
Bayer MaterialScience AG, an arm of the German pharmaceutical and chemical producer Bayer AG, outlined plans to invest more in China to strengthen its position in the world’s largest single polycarbonates market.
China is the biggest single market for polycarbonates, consuming one-third of global production and is strategically important market for Bayer MaterialScience. The headquarters of Bayer's Polycarbonate unit was relocated from Leverkusen (Germany) to Shanghai in July 2011. In November 2011, world's first new technology of 250000 tons/year TDI device built in Shanghai has been put into operation. The giant German chemical and petrochemical developer/manufacturer also announced in Dec 2011 its plans to invest 2.1 billion Euros in a new Polycarbonate plant in Shanghai, China.
More on increasing Bayer's foothold in Asia Pacific and its polycarbonate growth and perspectives in this dynamic region will be shared by Mr. Hermann-Josef Doerholt, Senior Vice President, Business Unit Polycarbonates from Bayer MaterialScience (Shanghai) Management Co., Ltd. at CMT’s 9th Phenol/Acetone & Derivatives Marketson 23-24 Feb, 2012 in Shanghai.
Request Conference Brochure or email grace@cmtsp.com.sg for enquiries
Source: polycarbonatesheet.cn
25 Jan, 2012
Badger Licensing LLC, headquartered in Cambridge reported the receipt of orders by LG Chem to license its proprietary technology for a 200,000 metric tons per annum cumene plant plus a 120,000 metric tons per annum bisphenol A (BPA) plant in Daesan, South Korea. LG's new facilities are scheduled for completion and startup in 2012. LG operates one cumene plant and two BPA plants at their Yeosu site, all licensed by Badger.
Cumene, a precursor to the production of phenol, bisphenol A and polycarbonate, has seen strong worldwide growth recently, particularly in China. With this backdrop, CMT’s 9th Phenol/Acetone & Derivatives Markets on 23-24 Feb, 2012 in Shanghai will zoom in on Supply/demand trends , Future forecast and Global Market Developments of Cumene.
For more details on the Conference Agenda Click here. For additional details contact , grace@cmtsp.com.sg or 6346 9147
Read complete article here.
29 Dec, 2011
Taiwan's China Petrochemical Development Corp( CPDC) plans to invest T$30 billion ($989 million) to build a phenol-acetone plant in east China's Jiangsu province. The new plant is expected to begin operations two years after the approval from the authorities to produce phenol and other products such as acetone. Phenol is a feedstock used in the production of caprolactam and CPDC is one of the world's top five caprolactam producers. Investing in phenol, a material used in the production of caprolactam, would facilitate vertical integration of the company’s operations and secure access to the raw material, Chairman Sheng Ching-jing remarked.
Given that Asia is witnessing increased investments in new capacities to cater to the rising demand, CMT’s 9th Phenol/Acetone & Derivatives Markets to be held on 23-24 Feb, 2012 in Shanghai and aptly themed ”Rising Capacities in Asia & the Impact on Global Market” will access the robust growth in Asia Phenol industry via sessions like Feedstock market dynamics & forecast: Benzene, Propylene & Cumene, plus Derivatives markets review: BPA, PC, MMA, Epoxy & Phenolic Resin.
View the preliminary agenda here. For additional queries email, grace@cmtsp.com.sg
Source:Platts
09 Dec, 2011
Momentive Specialty Chemicals announced that it has entered into a MOU agreement with UPC Technology to establish a joint venture (JV) company. Under the terms of the agreement, the JV company will build the first manufacturing facility in Zhenjiang, China and produce various types of specialty resole and novolac phenolic resins. These resins are traded under Durite, Bakelite and other brand names. They are used in a number of applications such as abrasives, refractories and friction. The plant construction is expected to begin in late 2011 and will be commissioned at the year end of 2012.
The partnership with UPC Technology will expand the capabilities of Momentive’s Specialty Phenolics unit and will help meet the increasing demand of Chinese customers, attributed to the rapid growth of consumer and automotive sectors in China.
The Zhejiang JV project falls in line with Versatic acids plant construction that is ongoing in China and new Cardura monomers manufacturing plant in Onsan, Korea. Momentive has planned to continue its investment in China to enhance
China’s demand for Phenol, acetone and their respective derivatives has been growing at a fast pace and . will continue to grow in the coming years. Hence China is witnessing increased investments in new capacities to cater to the rising demand. Given the current scenario, CMT’s 9th Phenol/Acetone & Derivatives Markets to be held on 23-24 Feb, 2012 in Shanghai will reflect on new investments and expansions plans in regions like China, India & Middle East and discuss global markets outlook of Phenol/Acetone.
View the preliminary agenda here. Or for further details email, grace@cmtsp.com.sg
Read full article here.
15 Nov, 2011
China is the world's fastest growing market for phenol and acetone. Cepsa Quimica, the petrochemical unit of Spanish oil firm Cepsa launched the construction of a chemical plant in Shanghai with investment worth more than USD 200 million early October 2011. The new plant will position CEPSA Quimica as the second leading phenol and acetone producer worldwide. The plant is projected to initiate commercial production by 2014 and the unit will manufacture 0.25 million tonnes of phenol per year and 0.15 million tonnes of acetone per year. The investment is encouraged by the growing demand in China and the rapidly expanding market with economic and commercial opportunities.
World of Chemicals- 20 Oct, 2011
In this context, CMT is pleased to announce the 9th Phenol/Acetone & Derivatives Markets to be held on 23-24 Feb, 2012 in Shanghai . The conference is designed to address critical issues relating to the development and market direction of this dynamic industry and explore new business opportunities and challenges that lie ahead . The 1.5 day event will feature industry experts present their views on new investments and expansions plans in markets like China, India & Thailand
We are currently finalizing the program. To request more information or pre-registrations , email grace@cmtsp.com.sg
31 Oct, 2011
