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ThursdayNov 02, 2017
FridayNov 03, 2017
Victor Shum, Vice President, Energy, IHS Markit
OPEC and Russia’s initial agreement in November 2016 to limit crude production took nearly a year to be realized. Compliance with the agreement during first half 2017 has been remarkably high, with little apparent cheating and the agreement has now been extended through first quarter 2018. In the meantime, the rapid recovery in US tight oil production continues and US barrels are now competing in the same international markets with OPEC and Russia. Some within OPEC and Russia might reasonably ask: what has been gained for all the effort?
The decision made in October 2016 by the International Maritime Organization to implement global bunker fuel sulfur specification reduction in 2020 will cause an industry scramble. With limited alternative markets to clear the displaced high sulfur fuel oil, the regulation will create much turmoil for investment and strategic plans in both refining and shipping industries. How will the implementation of global low sulfur bunker fuel impact refining margins and supplies of refined products including petrochemical feedstocks?
Paul Pang, Vice President, Business Development, China, Oil, Mid-Downstream and Chemicals (OMDC), IHS Markit
This presentation will outline China's macro economy and the growth prospects of chemical industry. On the macro view, the impact on the chemical industry from economic shifts, changes in governmental policy, emergence of private companies, competition from low cost import will be analysed. On the industry level, on-going buildup in conventional petrochemicals and unconventional chemicals including coal-to-chemicals, methanol-based MTO, PDH, and coal-to-MEG, their economic viability, as well as demand growth outlook will be covered. It will also dicuss the impact and opportunities from China’s prevalent clean act, Made-in-China 2025, and the trend of overseas expansion.
Jinsu Yim, Director, Asia Olefins, IHS Markit
Will LPG prices favor PDH players?
Will methanol-to-propylene and methanol-to-olefin processes continue to grow in China?
Which process has the most competitive cash cost?
The 5th Asia Chemical Conference takes place concurrently in the next room. You are welcome to attend any of the sessions. Visit the agenda.
Paul Overment, CEO, INEOS Nitriles
The Acrylonitrile industry is looking healthier than it has for several years but the capabilities required to succeed in this industry are becoming increasingly difficult to sustain. This speech looks at the key challenges facing the industry and the way in which INEOS Nitriles is positioning itself for further growth.
Yoshio Inoguchi, Director, Specialty Chemicals, IHS Markit
Polyacrylamide (PAM) is a water soluble polymer produced from acrylamide. More than 90% of acrylamide is converted to PAM and consumed in water treatment, oilfield, paper, mining and other. Global PAM consumption was estimated at ca. one million metric tons, value at ca. $5 billion in 2016. Water treatment is the largest PAM consumption segment. PAM consumption is expected to grow at 4-5% per year for the next five years. Chinese consumption is almost half of the global consumption and is growing very strongly led by oilfield.
Daniel Siow, Principal Analyst, IHS Markit
The Asian ABS market saw margins soar in mid-2017 at a time when demand is forecast to rise steadily for the next 10 years. In this presentation, we will look into the reasons for the recent dramatic margin improvement the Asian ABS industry has achieved. We will also examine the prospects of the ABS industry to ascertain whether “sunshine days” are here to stay.
Simon Garmston, Senior Director, Acrylonitrile, IHS Markit
Acrylonitrile demand continues to grow but the key question is how the acrylonitrile balance will look moving forward. After the new Shanghai plant starts up in 2018, there is no new capacity confirmed. However, there is talk of a number of new plants for China in the 2020/21 time frame. This is very much when they will be needed, but is there a danger that too much new capacity will be added and the industry will see average utilisation plummet again? Or is there a danger that capacity will be delayed due to technology issues or environmental concerns and the market will run short?