09-10 Nov, 2009 - Doha, QATAR
Millennium Hotel Doha
Millennium Hotel Doha
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:
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
Plans are heating up for 7th MENA Olefins & Polyolefins conference and we are happy to announce that Phil Parker from Shell Chemicals ME has confirmed he will be making a presentation at the conference.
Phil, who is General Manager-New Business Development at Shell Chemicals ME, will provide an essential update on “Qatar’s Petrochemical Developments” during the conference.
Phil joined Shell Chemicals in August 1980 with a Masters degree in Chemistry from Oxford University. After early assignments in the polypropylene and industrial chemicals businesses, he moved into the higher olefins and derivatives business. In April 2007, Phil took up his current assignment of General Manager New Business Development, based in Doha, Qatar.
Find out more about Qatar’s latest petrochemical developments at the 7th MENA Olefins & Polyolefins conference, which is less than a month away. The conference will convene on 9-10 Nov 2009 in Doha.
Confirm your seats >>Here<< or email Ms. Grace Oh at grace@cmtsp.com.sg for more information.
08 Oct, 2009
The Middle East is emerging to be a powerhouse in the global petrochemicals industry as it develops its downstream plastics industry. Oil-rich Middle East countries will produce and export huge quantities of inexpensive petrochemical products as soon as 2012.
Will this development influence the industry in China?
According to some industry experts, the answer is yes.
Zheng Kai, secretary-general of China Engineering Plastics Industry Association, alluded to this in a recent interview with China’s Global Times. He said, "The projects' new production capacity in the Middle East, such as in Saudi Arabia and Iran, is expected to hit 20 million tons, and 70 to 80 percent of the petrochemical products will go overseas, including China, which will impact domestic petrochemical industry.”
He added products from the Middle East are inexpensive compared with products in China commenting, “The nation's average cost for producing ethylene from naphtha is about $530 per ton, four times higher than that in the Middle East,” said Zheng.
Another official with the China Plastics Processing Industry Association added, “The low cost is good news for our plastic products manufacturers, but it will harm the nation's petrochemical enterprises such as Sinopec which enjoys a 37 percent share of the petrochemical products market,”
So what is the true picture?
At 7th MENA Olefins and Polyolefins Markets we've invited Ms. Zhang Fuqin, Master Professor, Senior Engineer Director at Petrochina Planning & Engineering Institute to share an her analysis on PP, PE, Propylene & Ethylene Markets & Capacities in China.
08 Sep, 2009
The 21st century is seeing a paradigm shift from West to East in the Petrochemicals business, with the Middle East emerging as global production hub with natural advantages of low cost feedstock.
In 2009, the global petrochemical industry remains focused on construction of olefin projects in Middle East, Asia Pacific’s economic development and expanding demand, and supply and pricing of petroleum and natural gas.
According to the 2009 World Light Olefins Analysis report released by CMAI, the build-up of olefins producing capacity in the Middle East and Asia is progressing at a rapid pace, and has sent the industry into a down cycle, further exacerbated by the global economic slowdown.
However, olefins production in the Middle East will rank among the most competitive in the world due to a significant cost-advantaged feedstock base. Given that the vast majority of this production targets export markets, this surge in supply will dramatically change trade dynamics, and make the region the most important Olefins production hub in the world.
As the global economy shows signs of slow recovery, the 7th MENA Olefins & Polyolefins conference convenes Doha on 9-10 November 2009 to provide insights into the question, “Will early signs of economic recovery mean better times for the petrochemical industry?”
The 7th MENA Olefins & Polyolefins conference explores the evolving dynamics in the Middle East olefins industry, covering latest market developments, updates on projects in the Middle East, feedstock concerns and carbon emissions.
Key issues on the 7th MENA Olefins & Polyolefins agenda include:
The program for the 7th MENA Olefins & Polyolefins is still being finalized, but if you’re keen on finding out more on how you can participate as delegates, media partners, exhibitors and / or sponsors, do submit your registrations, enquiries and proposals >>HERE<< or contact Ms. Angelia at +65 6345 5701 or email at angelia@cmtsp.com.sg.
15 Jul, 2009
Phil Parker, General Manager-New Business Development at Shell Chemicals ME will share an essential update on “Qatar’s Petrochemical Developments” during the 7th MENA Olefins & Polyolefins conference on 9-10 Nov. in Doha. >>Find out more here...<<
09 Oct, 2009
Added Petchem production in Saudi Arabia, Iran & region can touch 20 million tons! 70- 80% of the petrochemical products manufactured are for export. How will this impact global trade flows? >>Click here for more on conference that explores latest market dynamics...<<
06 Oct, 2009
