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WednesdayNov 01, 2017
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.
Steve Lewandowski, Vice President, Olefins, IHS Markit
What is the latest news on plant startups? What derivatives will lead or follow? What will the wave of new capacity startups do to steam cracker margins?
Meanwhile, there has been a lot of volatility in Asia but as margins and prices remain strong, interest in cracker projects could be rekindled. Does this mean another wave of ethylene capacity is in the works? What does it take to encourage the next wave of cracker investment in Asia?
Utpal Sheth, Executive Director, Plastics, IHS Markit
The integrated PE producers in Asia have earned record profits during the past three years in the low oil price environment. However, there has been a lot of apprehension among the regional producers to expand capacity. The huge new capacity growth in the US and plans to build more PE plants in North America is holding back Asian companies from taking the final investment decision. This presentation will review the Global PE Business Outlook and evaluate investment opportunities.
JP Nah, Director, Polyolefins, IHS Markit
The PP market dynamics are changing in a rapid pace and it is important for market players to keep up with the changes and know what are the implications on their business. In this presentation, we will examine what are the key factors that have evolved in the last five years and how does it impact your business over the next five years. We will be touching on the influence of global PP supply and demand changes, impact on trade flow and market competitive environment on the product. With this presentation, it will provide you with a deeper understanding on the current market situation and prepare you for the exciting market ahead.
Omi Tatsuo, Director, Aromatics Market Services, IHS Markit
In 2017, the world biggest benzene import country has been shifting from United States to China with high derivatives production in China. After 2020, the benzene game might see further serious change in line with new mega refineries and para-xylene plants in China.
Brian Lee, Director – Asian Aromatics, IHS Markit
The Asian styrene market has emerged stronger from painful consolidations in the last decade. The industry is set to see steady demand growth for styrenics polymers but other threats could be looming on the horizon. The objective of this presentation is to examine the impact of new styrene investments and implication of trade wars on margins and trade flows.
Brian Lee, Director – Asian Aromatics, IHS Markit
Phenol/Acetone markets have been struggling for years amid continuous capacity additions and tepid demand growth yet more new capacities will come on stream next year. This presentation explores the breakthrough like new demand from Nylon-KA oil due to the trend of phenol substituting for cyclohexane. Can this be the answer to the woes of the industry?
The Acrylonitrile, Derivatives & Fibres Conference takes place concurrently in the next room. You are welcome to attend any of the sessions. Visit the agenda.
Yanyu He, Director, NGLs Research, IHS Markit
Leshan Hou, Associate Director, IHS Markit
Asia methanol market methodology, particularly about China, how inland market interact with coastal market. China existed and new MTO projects updated, new methanol application such as methanol to aromatics and methanol to MEG and their prospect.
Kyle Choi, Associate Director, Asia Chlor-Alkali/Vinyls, IHS Markit
Alan Lu, Director, Aromatics, IHS Markit
A wave of new refinery petrochemical integrated complexes and steam cracker projects have been announced in China, and some of them are developing at aggressive pace. Although there is still of great uncertainty in terms of the feasibility and the timing schedule for many of these planned projects, it is definitely clear that the capacity additions in China will be accelerating substantially over the forecast period and consequently exert significant influence on the regional and global supply demand balance and trade flow. This presentation will review and discuss the current status of the project development and the outlook of the market fundamentals on benzene, toluene and styrene monomer chains in China.
Moderator: Sok Peng Chua, Senior Manager, IHS Markit