Petrochemicals in a Turbulent World – What Does the Future Hold?
2022 arrived with much hope and promise. Economic recovery from the COVID-19 pandemic was in full swing around the world. Demand for chemicals and plastics remained robust, even though supply chains were still somewhat disrupted. Meanwhile, decarbonization continued to gain momentum. Clearly, the world was expecting better things to come. Then hostilities broke out in Ukraine and the oil and gas markets were scrambled. Also, COVID cases emerged in China, resulting in lockdowns of regions where outbreaks occurred. Industrial production and port operations was disrupted, further upsetting global supply chains. With the aggressive interest rate hikes by the major central banks in an attempt to bring inflation down from levels not seen in decades, the prospect of a recession is looming large. How will global petrochemical demand be impacted going forward? With a large amount of new capacity slated to come on stream in the next few years, is the petrochemical industry set to enter into a downcycle? Will the pace of decarbonization be slowed down? The Commodity Insights Team at S&P Global will share their insights and thoughts on these questions at the Petrochemicals Seminar on Thursday, November 17.
Date: 17 November 2022 (Thursday)
Time: 2:00pm-6:00pm (China Standard Time)
Venue: Shangri-La Hotel Ningbo
Address: 88 Yuyuan Street, Ningbo, Zhejiang, China
*Please refer below for a detailed agenda
Global Senior Vice President, Oil Markets, Midstream, Downstream, and Chemicals, S&P Global Commodity Insights
Executive Director, research and analysis, oil markets, midstream and downstream, Asia and the Middle East, S&P Global Commodity Insights