Sheraton Dubai Creek Hotel & Towers
Sustaining demand & competitive strategy for alternative feedstocks
By the end of the year most of the cracker capacity in the Middle East would have come on stream. Prices for olefins remain high and with all the new capacity on track how will the market dynamics change? In four years time, the Middle East is forecast to supply 20 percent of the global output of petrochemicals, an increase from its 2009 level of 16 percent.
There is also a shift from export oriented petrochemical production to high value specialty chemicals...What will this signal for supply demand balance and profitability?
PETKIM has announced bold plans to invest in an oil refinery and petrochemicals complex. Turkey is becoming one of the largest importers of all polymers. What are the opportunities that Turkey presents? Iran and Saudi Arabia both vie for a slice of the China's petrochemical market. Will China's declining demand pick up? Qatar petrochemicals industry is on an expansionary path. Two petrochemical projects are coming aboard. With cracker expansions and LDPE plants coming on stream, Qatar's plans and projects may hold much interest. How will the Middle East players manage the dwindling feedstock situation? Ras Laffan project is reportedly delayed due to feedstock supply. Will more projects be affected by this?
Save your dates for CMT's 9th MENA Olefins & Polyolefins conference 2011. Be there to capitalise on the recovering market and find out first-hand about the various projects and capacity coming on stream. Look out for opportunities in new markets.
Attend 9th MENA Olefins & Polyolefins and benefit from the discussions on latest projects and key issues including
Send in your registrations right away to save your seat! Catch up on latest industry developments and capitalise on new opportunities.
You Will Network With
- Business Development Director / Manager
- Marketing Manager - Technology Licensing Manager
- Plant Operation Manager - Corporate Planner
- olefins/polyolefins producers,
- plastics processors, polymer additives companies,
machinery suppliers, consulting firms
- financial institutions,
Indian energy company Oil and Natural Gas Corp plans to commission two large petrochemicals projects it is developing through joint ventures in 2012 and 2013 respectively, its chairman said in a written speech to shareholders on Tuesday.
9th MENA Olefins & Polyolefins summit proudly presents Mr. Makarand Dixit, Head of Marketing, ONGC Petro Additions Limited (OPAL), as he explores the challenges & opportunities in India’s olefins & polyolefins industry.
Mr. Dixit’s presentation will offer invaluable insights on:
Dow Chemical and Saudi Aramco are going ahead with the formation of a previously announced joint venture, to be known as Sadara Chemical Company. The boards of directors have approved the formation of the JV, which will be built and operated as a world-scale, fully integrated chemicals complex at Jubail, Saudi Arabia, at a cost of approximately $20 billion.
Customers in the emerging markets of China, the Mideast, Eastern Europe and Africa will benefit from a strong supplier of feedstock integration, in-market commercial and supply capabilities, advanced technologies and resources to grow with their demand. Sadara will deliver significant new equity earnings to Dow.
To evaluate how above-mentioned projects, as well as new projects in Saudi Arabia will impact the Middle East and North African regions, the 9th MENA Olefins & Polyolefins conference will be showcasing top-notch speakers to provide a well-rounded overview.
The 9th MENA Olefins & Polyolefins (10-11 Oct) summit in Dubai is set to provide delegates with the latest updates and developments on the Middle East & Africa polyolefins scenario, as well as key sessions examining the regional markets in China, India and more. Those with keen interest to further their investments in these areas are encouraged to register for this event.
Since successful privatization, PETKIM has made bold plans to invest in an oil refinery and petrochemicals complex, "PETKIM Peninsula". And, according to ICIS news, PETKIM achieved an annual production record in 2010 with output climbing above 3m tonnes for the first time in its 45-year history. Production amounted to approximately 3.2m tonnes compared to 2.9m tonnes in 2009, with the company last year achieving a plant utilisation capacity of 98%.
In light of the above development, 9th MENA Olefins & Polyolefins conference is proud to have confirmed a speaker representative from PETKIM to present an overview on petrochemical investments in Turkey.
More specifically, in reference to their new petrochemical complex in the pipeline, Gorkhan Beduk, Sales & Marketing Manager with PETKIM Petrokimiya Holding Company is expected to share valuable insights to questions below:
- When is it expected to start and be completed?
- How much is its capacity?
- Where will the supply go to?
Olefin markets are largely upbeat, but players remain wary that the situation can change all too quickly when production problems pass and Middle East capacity finally comes on stream. With soaring expectations across the olefins markets, the bullish outlook has been aggravated by firming spot prices and frequent supply issues that continue to rule the thoughts of players. Will supply be consistent and able to meet the market?
9th MENA Olefins & Polyolefins (10-11 Oct 2011 in Dubai) aims to examine the situation and takes a peek at sustaining demand & competitive strategy for alternative feedstocks. With the backing of country and project updates attendees can anticipate an exclusive 1.5 days of intense knowledge-sharing sessions & networking opportunities with senior representatives from the olefins industry.
The program will be posted online very soon so keep a close watch on the events webpage or contact the 9th MENA Olefins & Polyolefins team here to be updated with the latest on the event.
Petrochemical producers in the Middle East and North Africa (Mena) region should brace for competitive feedstock prices, which could affect the profitability of the industry at the end of 2011, the Deutsche Bank has warned.
The bank, in its latest Mena outlook for petrochemical industries, said that possible changes to the feedstock costs are imminent, especially for the major Saudi-based petrochemical companies, due to absence of re-stocking.
“Looking into 2011, while we expect emerging markets to continue to be the key drivers of growth, we expect industry growth to average at a rate around that of global GDP growth due to the absence of restocking, which provided material support to volume growth through 2010.”
Spurred by expected growth in the Mena petrochemical industry due to competitive feedstock pricing in the region, CMT is hosting its 9th MENA Olefins & Polyolefins to offer experts' views and objective analysis on feedstock crunch and impact on prices for 2011.
As with previous years, the conference on 10-11 Oct 2011 in Dubai promises a comprehensive program, providing perspectives from key petrochemical players on the impact of political upheavals in the region on petchem investment. Furnished with country & project updates, the summit zooms in on theme Sustaining demand & competitive strategy for alternative feedstocks