26-27 Sep, 2012 - Singapore, SINGAPORE
Goodwood Park Hotel
Goodwood Park Hotel
| "Gearing Up for the Recovery!" |
Depleting ethane reserves in ME and rise of US shale gas economy has altered the fundamentals of petrochemical markets globally. Prospects of an EU economic revival with new fiscal restructuring promises to push faster recovery for global petrochemical players.
Riding on the shale gas promise the US petrochemical industry has witnessed significant investments in mega projects. To what extent these planned outputs will impact the region remains to be seen. With ME producers shifting towards increased use of liquids feedstock, due to falling ethane availability there are doubts over its future competitiveness. This offers a new found opportunity for Asian producers to strengthen the local market position. Besides, Chinese focus on CTL and shale gas reserves could lead to rest of Asian producers securing a more competitive traditional feed stocks position.
New technology developments continue to reshape the industry besides offering flexible feed stocks possibility. While PDH technology has been gaining wider acceptance MTP technology lend a new dimension to competitive propylene production.
The promising Chinese auto markets are poised to boost butadiene markets. While China remains a major importer Indonesia is fast emerging as a hot spot for investments. Malaysia is poised to establish its regional petrochemical hub status while India continues to seek fresh investments in feed stocks and downstream derivatives. How fast will the bio based industry address the sustainability and techno economic complexities? | Join the 19th Asia Petrochemical Summit and gain insights from the expert panel on:
CMT's APS is a valuable meeting point for regional petrochemical practitioners. So send your key Marketing and Business teams to benefit from group discounts and mark your calendar today!
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| PROFILE OF PAST YEAR ATTENDEES |
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| Published articles for your interest and reference: |
The 19th APS (Asia Petrochemical Summit) will be held on 26-27 September 2012. Leading industry experts will convene in Singapore to examine the latest developments and advancements in the Asian petrochemical sector including China, Middle East, India, Korea, Indonesia.
Top experts sharing their expertise at the event are BNP Paribas; Nexant Asia Limited; Tricon Energy Ltd; ONGC Petroaddition Ltd (OPaL); Nexant Asia Limited; Chemical Market Research Inc./ChemLocus; KBR; Petrochemical Industries Company KSC (PIC); KBC Advanced Technology Pte Ltd; Asahi Kasei Chemicals Corporation; McKinsey & Company, Inc.; The Indonesia Olefin Aromatic & Plastic Industry Association (INAPLAS); PETRONAS Chemicals Group; UOP LLC, A Honeywell Company; PTT Polymer Marketing Company Limited (PTTPM) and more.
The conference will have participation from various core and allied segments of the industry including BASF South East Asia, Borouge, Evonik Degussa, ExxonMobil, Lanxess, Petronas, Petrochemical Industries Company, PT Pertamina, PTT Global Chemical, Procter & Gamble Chemical, Samsung Total Chemicals, SABIC, Saudi Aramco, Shell Eastern Chemical, Sumitomo, S-Oil Corp., Tasnee, Titan Chemicals, UOP, Standard Chartered Bank and many more! See below who are attending:
To attend this event, REGISTER here now or contact Ms. Huiyan at huiyan@cmtsp.com.sg for further queries.
19 Sep, 2012
To reduce the country’s dependency on imported raw materials, the Indonesian government plans to increase its investment in the petrochemical industry said an official source to ANTARA news agency.
The Director General of basic manufacturing industries, Panggah Susanto said, “In order to boost capital investment in the petrochemical sector, incentives will be provided, such as tax holidays, tax allowances and exemption on import duties for capital goods, among other things.” He noted that last year, the cost of imported raw materials for the petrochemical industry reached US$ 5.1 billion. He also affirmed that the government had developed a number of strategies to reduce the country’s dependency on foreign raw materials. He added that one of them involved strengthening the chemical industry- from petrochemical to refinery; a program that would require a lot of domestic and foreign investment.
Mr. Panggah Susanto said that the government sought to increase the added value of natural resources such as oil and gas to produce various petrochemical products, while improvement of quality products would be done through implementation of Indonesia National Standards (SNI) and optimizing the use of domestic products.
The developments and challenges in Asia’s petrochemical industry will be further analyzed through comprehensive sessions at the 19th APS (Asia Petrochemical Summit) on 26-27 September 2012 in Singapore. Register here to attend the summit or direct queries to Ms. Huiyan at huiyan@cmtsp.com.sg
View full article here.
05 Sep, 2012
The fuel and feedstock scene is changing with the development of unconventional natural gas. And China is in the spotlight with its sizeable reserves of its high-efficiency energy resource, shale gas. Reserves are estimated at 31 trillion cubic meters, which is equivalent to the total quantity of conventional natural gas. National Energy Administration targets a shale gas output of 60-100 billion cubic meters by 2020. Presently, out of the 62 shale gas wells in trial development zones, 24 have been able to generate output qualified for industrial use.
The opening of a new spot market by Shanghai Petroleum Exchange was a significant move, since this was the first time China adjusted its domestic gas demand and supply through markets during peak power consumption period. This marks an important step towards the liberalizing natural gas prices. Recently, the launch of a shale gas tender lifted the oil sector by 4.7%. Over 70 companies have shown interest in the auction, of which about one-third were private firms. This has generated an optimistic view that in order to relieve the perpetual energy shortage, China will tap its immense shale gas reserves.
Not too long ago, the Middle East was the hub of the chemical world, with its availability of inexpensive oil as feedstock. But since then, the US has extensively harnessed its gas reserves, creating a variety of raw materials for making ethylene-based plastics, which have shifted the dynamics of the chemical industry. Big players like Exxon Mobil, Shell, Dow and Chevron are adding to their natural gas reserves in the US. Plus, China too is taking advantage of its shale gas reserves. This may result in a significant impact on Middle Eastern companies, making them cautious before raising their petrochemical capacities.
Implication of US shale gas evolution on gas prices, China’s road to self-sufficiency, and impact of shale gas reserves in US and China on the Middle East, will be some of the vital subjects explored at the 19th APS (Asia Petrochemical Summit) on 26-27 September 2012 in Singapore. Register here to attend the summit, or contact Ms. Huiyan at huiyan@cmtsp.com.sg for enquiries and reservations.
Read complete article at Gulfnews.com
02 Aug, 2012
Asia’s second-largest petrochemical producer, South Korean Honam Petrochemical Corp., plans to invest US$ 5 billion to build a petrochemical complex in Indonesia. Kim Gyo-hyun, Senior Managing Director of Business Development said that the firm expected to build the integrated petrochemical compound by the first quarter of 2013, at Cilegon, Banten. The naphtha cracker and its downstream plants will source raw materials from local suppliers where possible, but will also import due to the limited domestic supply, he said. Furthermore, as a result of lacking local production, the local plastics industry also relies on imported raw materials like propylene and polyethylene. The supply is generally from other ASEAN countries, Middle East, United States and European countries.
As per the firm’s proposal, it will see an annual production of 1 million tons ethylene, 550,000 tons of propylene, 600,000 tons of polyethylene, 700,000 tons of mono ethylene glycol, 600,000 tons of polypropylene and 140,000 tons of butadiene. According to Kim, once the integrated petrochemical was operating, it would give a significant boost to the domestic supply of petrochemicals.
With the proposed plant in Indonesia, Honam may emerge as the largest petrochemical firm in Asia.
At the 19th APS (Asia Petrochemical Summit) on 26-27 September in Singapore, Mr. Budi Susanto, Vice Chairman for Business Development at The Indonesia Olefin Aromatic & Plastic Industry Association (INAPLAS), will share more on Indonesia’s petrochemical industry in a session entitled ‘Value addition in Indonesia’s petchem sector’. To attend this summit, Register here or contact huiyan@cmtsp.com.sg for enquiries.
Excerpt from thejakartapost.com
13 Jul, 2012
Petronas, Malaysia’s state energy firm, signed heads of agreement with Itochu Corporation and Thailand’s PTT Global Chemical Pcl to build two petrochemical complexes, after it unveiled the Refinery and Petrochemicals Integrated Development (RAPID) project in May.
By the middle of next year, Petronas is expected to make its final investment decision on the $20 billion refinery project in Johor, reported Reuters. Chief Operating Officer and Executive Vice President of downstream, Wan Zulkiflee Wan Ariffin said that the refinery could start commissioning activities by the end of 2016.
In spite of the pressure on the Asian refining margins from new capacities and the global economic slowdown, this project intends to create a trading hub in Southern Malaysia. “Refining margins will be under a lot of challenges, but as long as we’re doing better than our peers, that’s what we’re targeting,” added Wan Zulkiflee.
Designed to provide petchem investment update and market overview in Korea, India, China, Middle East, Vietnam and Indonesia, the 19th APS (Asia Petrochemical Summit) to be held on 26-27 September in Singapore, will also discuss at length the petchem feedstock market trend, developments in biobased chemicals or products and more. While the conference details are being finalized, one may Pre-Register and reserve seats to attend the event. For further queries, contact Ms. Huiyan at huiyan@cmtsp.com.sg
Click here to read complete article.
26 Jun, 2012
As Australia prepares to boost its commercial shale gas reserves, China expects to begin output shortly, Oil & Natural Gas Corp. (ONGC) of India and other competitors anticipate drilling for at least 4 years before production. According to a report on Caixin’s website in May, China Petrochemical Corp will begin pumping the first shale gas from a project in Sichuan province next month.
Chairman of ONGC, Sudhir Vasudeva said in an interview that the company is studying data for shale-gas deposits and awaiting a government policy on commercial drilling for gas trapped in shale rock. He also remarked that it might be 4 to 5 years before commercial drilling starts. In a January 27, 2011 statement, ONGC discovered shale gas at a well in an Indian state, West Bengal. The company has entered an agreement with ConocoPhillips on March 30 to develop shale resources in India and North America.
Meanwhile, Australia’s energy minister, Martin Ferguson said that the nation is likely to possess enough shale gas to double its total gas resources and add to 184 years of output, while estimates show that China holds the world’s largest deposit of unconventional fuel.
Updates on how shale gas boom is reshaping the petchem industry will be the spotlight at the 19th APS (Asia Petrochemical Summit) to take place on 26- 27 September in Singapore. In addition to petchem investment updates, market review in Asia, as well as feedstock market and trends are also some of the key areas to be examined at the conference. Details of the event will be available shortly. Meanwhile Pre-Register interest here or contact huiyan@cmtsp.com.sg for further queries.
Read complete article here.
25 May, 2012
