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Commercial trends of petrochemicals in three regions

The petrochemical business trends of the three regions dominate to increase the growth capacity of petrochemicals.

The global petrochemical sector is expanding widely as increasing demand from developing countries for petrochemical / chemical products.

The International Energy Agency (IEA) estimates in its Oil 2018 report that approximately 25 percent of the increase in oil consumption by 2023 – approximately 1.7 million barrels per day – will be met by petrochemical raw material demand.

The long-term forecast of the IEA Petrochemical shows a higher level of oil demand from the petrochemical sector.

In its “Future of Petrochemicals” report, the IEA predicts that the petrochemical sector will account for one-third of oil demand growth by 2030 and increase by about half by 2050.

According to the report, the production of key plastics has more than doubled between 2010 and 2050.

Growing demand centers in the Asia-Pacific region will be filled with billions of dollars in new petrochemical production capacity in Asia, the Middle East and the United States.

These three regions are investing heavily in boosting petrochemical processing capacity to meet demand.

Many non-OECD countries are seeing petrochemical demand grow faster than GDP growth.

Several countries will remain dependent on petrochemical imports, while others will invest to meet domestic chemical demand.

Several factors determine the future of the petrochemical industry:

Supply factors / demand, plastic recycling, regulations, raw material costs, partnerships / mergers /

Mergers, digitization and so on. Many countries to meet the demand for domestic petrochemicals and /

Or export petrochemical products invest a lot to increase revenue.

Commercial trends of petrochemicals in three regions – Petrochemical Company in Qom

New / active projects

According to Hydrocarbon Processing’s Boxscore Construction Database, more than 280 new petrochemical projects have been announced from 2016-2018.

New announcements of the petrochemical project have increased from 68 in 2016 to 88 in 2017 to 125 in 2018.

This trend shows a 29% and 42% year-on-year increase, respectively.

Most of the recent announcements of the petrochemical project have been in the Asia-Pacific region.

The region continues to make significant investments to increase petrochemical capacity to reduce imports and meet domestic demand.

Over the past 3 years, the petrochemical sector has maintained a 36% -41% market share of the new project.

And since 2016, it has been a pioneer in announcing new projects.

At the time of its release, Boxscore was tracking nearly 470 active petrochemical projects worldwide.

An analysis of reactivating the project market share is provided:

  1. Africa – 6% (29 projects)
  2. Asia-Pacific – 34% (158 projects)
  3. Canada – 1. (7 projects)
  4. Western Europe – 5% (22 projects)
  5. Eastern Europe, Russia and the CIS – 12% (55 projects)
  6. Latin America – 6% (28 projects)
  7. Middle East – 13. (63 projects)
  8. United States – 23. (106 projects).

In total, Boxscore Database is tracking nearly $ 510 B worth of active petrochemical projects worldwide.

Asia-Paci fi is the leader in short-term capital expenditure (CAPEX).

Boxscore Bank tracks more than $ 200 B of active petrochemical projects in Asia.

The United States has more than $ 100 billion in active petrochemical projects, followed by the Middle East with nearly $ 90 billion in active projects.

These three areas represent not only 76% of the total active projects, but also approximately

79% of the declared CAPEX is represented in the global petrochemical capacities.

CAPEX analysisin petrochemical sector, by regions, is presented:

According to the IEA Petrochemical, almost all regions, except Europe, will increase production of chemical raw materials by 2050.

The largest capacity growth is seen in the Middle East and Asia.

The Middle East is expected to produce high-value chemicals, ammonia and methanol by 2050.

Increase about 70 mA to more than 150 mA.

Almost all Middle Eastern countries are investing in new petrochemical production capacity to reduce revenue confidence

Are from crude oil exports. .

The region has now increased production capacity under the leadership of Saudi Arabia and more investments have been announced.

Petrochemical production in the Asia-Pacific region is projected to increase by approximately 200 megabytes per tonne by 2050 to about 500 million tonnes.

China and India will lead the way in increasing new petrochemical capacity. However ,

Several Asian countries have announced capital-focused projects.

Many of these projects help reduce growing supply and demand gaps and are rebuilt alongside operations.

Moving to renewal and petrochemical integration is the main focus of many operators around the world, especially in Asia.

The ability to share raw materials allows manufacturers to produce petrochemical products more efficiently.

Asia and Oceania

To help reduce imports and meet strong demand, many Asia-Pacific developing countries

They are basic in the development and problem solving of petrochemical units as well as the construction of petrochemical complexes.

These capital-focused investments include increasing the integration between power supply and petrochemical facilities to increase efficiency and value.

At the time of writing, the Boxscore construction site was tracking approximately 160 active petrochemical projects in the area.

China accounts for almost half of the region’s total petrochemical projects.

India is in the second region with 15% market share in active petrochemical projects.

If divided according to the level of activity, more than 70% of the region’s petrochemical projects are in the pre-construction stages

Approximately 43% are in the planning / business orientation phase of the petrochemicals in the three regions

Suggested:

China Road Belt Project calls for extensive expansion of domestic petrochemical production capacity to reduce imports.

According to ICIS, China plans to add 21 new steam parks and 10 new power plants in the petrochemical industry.

This accumulation could be close to 27 mAh of new ethylene production by the middle of the 2020s and reach more than 42 mAh.

Given the growing demand for petrochemical products, India will continue to invest heavily in additional petrochemical production capacity.

According to the IHS, India’s domestic ethylene capacity has increased from 4 million tonnes in 2014 to 7.2 million tonnes in 2018.

However, to anticipate petrochemical demand for a significant increase, additional capacity is needed to meet demand and reduce imports.

According to McKinsey and company, if there is no investment in new production capacity, petrochemical shortages

India could reach 25 million tons per year by 2025.

However, the country’s operators have announced plans to invest more than $ 30 to increase petrochemical capacity.

artan qom – Artan Qom Petrochemical Company

Middle East

In response to the drop in oil prices that occurred from 2014-2016 and to reduce confidence in

Oil export revenues and diversification of their product portfolio, almost all countries in the Middle East capital investments

Downstream processing capacity, especially in production.

The region’s petrochemicals have the highest cost advantage in ethylene production, and several countries are building edible crackers.

Mixed as well as ethylene, ammonia / urea derivatives and other petrochemical capacities are under construction or planned for construction.

Saudi Arabia is a leader in new petrochemical capacity investments.

The kingdom plans to increase its petrochemical production capacity from 12 million tonnes in 2016 to 34 million tonnes in 2030.

The country will achieve this goal by adding petrochemical capacity to existing plants as well as building public facilities.

Several other countries invest heavily in domestic production.

America

Commercial trends of petrochemicals in three regions
Due to the shale gas boom, the United States is experiencing a renaissance in its domestic petrochemical industry.

Cheap and affordable shale gas raw materials make this country one of the least expensive producers of ethylene

Has transformed the world. In turn, the United States generates millions of tons of additional capacity to produce ethylene and ethylene derivatives.

Hydrocarbon Scoreboard processing is the tracking of 115 active petrochemical projects in the United States.

More than 70 percent of the country’s petrochemical projects are located in Louisiana and Texas.

The two governments in increasing the capacity of ethylene and ethylene derivatives, methanol and special chemicals in early 2020

Will play a key role.

By the end of the decade, the United States also expects to add more than 10 mAh of new ethylene capacity.

This boom in ethylene capacity includes more than 9 mm empty of public facilities as well as more

1.2 mm tonne in ethylene capacity development projects.

Most of the country’s public facilities will include derivative units.

In total, US petrochemical producers will invest approximately $ 20 billion in new ethylene capacity by 2020.

The second wave of new ethane bursts could add more than 5mAh of new capacity after 2020.

$ 50 billion by mid-2020

Artan Petro Kayhan

Production of General purpose polystyrene with different grades

info@artanpetro.com

Contacts

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