Petrochemical Market & Economics-Impact of Feedstocks & Costs on Competitiveness & Business Strategy - CH1 

CPE Credits Awarded: 40
Categories: Oil Industry, Petrochemicals

Course Date Duration Venue Price Register by Date Register
Open date - Not scheduled. Please enquire.
CH1

Gold CourseThis five-day course is an introduction to the petrochemical industry. It covers the main product families, how they are linked, key aspects of processes and their underlying economics that feed the markets and drive the industry. The unifying theme of the course is competitiveness - the feedstock relationships, cost structures, profitability and pricing. This extends to international trade and selected environmental issues. There are case studies to enable attendees to explore the application of the material. This course is not aimed at existing experts.

Please note: a laptop and up-to-date version of Office would be an advantage in order to engage in market data; however it is not essential.

What you will learn

  • Industry structure and feedstock linkages, key relationships and global structure and industry change
  • Petrochemical economics, commercial aspects and cost structure of the main product families - profitability and pricing of petrochemicals
  • Polymers - trends in production and markets, polymer usage, inter-polymer competition
  • Gas based chemicals - cost and price competitiveness ammonia, methanol, natural gas pricing issues and chlorine and caustic business
  • How to make and apply projections of profitability and demand

Manager's Return on Investment

Upon completion of this course your employees will:

  • Have a solid understanding of the fundamentals of the commodity petrochemical and fertiliser industry: its feedstocks, their sources and relative costs, its chemical processes, its end markets and drivers of supply and demand.
  • Have the ability to develop cost of production models and analyse relative cost advantage
  • Have an understanding of forecasting methodologies for markets, trade and prices
  • Have an understanding of their suppliers' and customers' businesses, their economics and drivers
  • Make better informed decisions and be able to react with confidence to market events, through an understanding of the implications and linkages through the supply chain.

Delegates encouraged to attend include managers, planners and commercial marketing/supply personnel from both established petrochemical producers and new entrants. In addition, trading and marketing staff dealing in petrochemicals or feedstocks and people who interface with petrochemicals from related sectors such as refining and user industries are urged to attend. Also, individuals from outside agencies such as the media, banks, accounting firms or engineering companies will find the course of value.

Industry Structure and Feedstock Linkages

  • Petrochemicals related to refining, gasoline and fuels
  • Upstream and downstream feedstock linkages

Petrochemical Economics

  • Costing: cash and full costs, variable and marginal costs, cost curves and competitor cost structure
  • Pricing, price setting mechanisms, price monitoring

Feedstocks - An Analysis

  • Petrochemical feedstocks for cracking, reforming and intermediates production
  • The oil refinery and refining/petrochemicals interface
  • Commercial Development of the International Base Chemicals Business
  • Trends in price leadership for world markets
  • Recent history of supply/demand trends
  • Regional supply/demand positions and balances

Technology and Economics of Olefins

  • Process descriptions and flow descriptions
  • Methodology of cost of production analyses and sensitivities
  • Steam cracker economics
  • Effect of different feedstocks on C2, C3 and C4 yields
  • Project planning and finance

Gas-based Chemicals - The Worry of Price Competitiveness

  • Ammonia: profits and cyclability
  • Methanol: MTBE; the gasoline situation
  • International trade and market trends
  • Natural gas pricing issues

The Chlorine/Caustic Business

  • The business problems of different demand patterns
  • Production/process trends, market trends

Commodity Polymer Trends

  • Trends in production and markets
  • Polymer usage, LDPE, LLDPE, HDPE, PP, PS, PVC
  • Interpolymer competition and price equilibrium
  • Motivation for polymer trade and impact on established producing areas

Developments in International Trade in Base Chemicals

  • Current international trade patterns
  • Problems facing new producers, impact on Europe
  • Petrochemical tariff trends
  • Expected inter-regional trade trends

Faculty

Testimonials

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