Customer Logins

Obtain the data you need to make the most informed decisions by accessing our extensive portfolio of information, analytics, and expertise. Sign in to the product or service center of your choice.

Customer Logins

7th Annual Asia Chemical Conference (incorporating the Acrylonitrile, Derivatives & Fibres Conference)

alt text

Agenda subject to change

Wednesday, 06 November 2019

  • 8:00 AMRegistration and Refreshments
  • 5:00 PMWorkshops End

Thursday, 07 November 2019

  • 8:00 AMRegistration and Welcome Refreshments
  • 8:50 AMWelcome Remarks
    • Mark Eramo, Vice President, Global Chemical Business Development, IHS Markit
    • Simon Garmston, Senior Director, Acrylonitrile, IHS Markit
  • Session I

    Moderator: Mark Eramo, Vice President, Global Chemical Business Development, IHS Markit

    • 8:55 AMThe Economy and Geopolitics: Impact on Oil and Chemicals
      Tony Potter, Vice President, Specialty Chemicals, IHS Markit
    • 9:20 AMCrude Oil Markets: A New Reality

      Victor Shum, Vice President, Energy Consulting, IHS Markit

      Mr. Shum will discuss the new reality confronting global oil markets:

      • Rapid unconventional oil development has driven the US to be the world’s largest oil producer. US crude export requirement will climb quickly. Finding a market for all this crude – most of which is light, sweet – could be challenging. US crude prices may have to be discounted further to encourage demand, especially as many of Asia’s big new refineries were designed to run Middle Eastern sour grades.
      • Oil prices are currently in an unsteady state, buffeted by rising geopolitical and economic conflicts. In the long term, a $60/bbl Brent price level (in real terms) appears enough to incentivize supply to balance demand. Considering how much low- and medium-cost tight oil will be produced across the long-term supply horizon, the required volume of high-cost barrels (above $70/bbl on a full-cycle basis) to balance demand is minimal.
      • Key Gulf OPEC countries are low-cost producers but require high oil prices to cover budgetary needs. A prolonged period of low oil prices would increase the potential for socioeconomic instability in these countries, leading to either actual supply disruptions or heightened market concern about the security of supply. Either circumstance would eventually put upward pressure on oil prices.
    • 9:45 AMPositioning for Growth in the New Decade Against Global Headwinds
      Speaker to be announced.
    • 10:10 AMPanel Discussion/ Q&A
      Moderator: Mark Eramo, Vice President, Global Business Development, Oil, Mid-Downstream and Chemicals (OMDC), IHS Markit
  • 10:25 AMNetworking Break
  • Session II
    Moderator: Tony Potter, Vice President, Specialty Chemicals, IHS Markit
    • 10:50 AMState of the Global Energy and Chemical Industries

      Mark Eramo, Vice President, Global Chemical Business Development, HIS Markit

      How will the industry position for what comes next as geo-political headwinds slow economic growth and drive energy market volatility? This paper will provide an overview on demand outlook, including the impact of  IMO low sulphur bunker fuel in 2020; peak oil demand and a renewed push for refinery-petchem plan integration; NGL supply outlook and impact on global markets; the surge in global petrochemical capacity with focus on the conventional investment wave underway in China;  and an update on the petrochemical profit-cycle.

    • 11:15 AMCrude Oil to Chemicals: A New Benchmark for Global Petrochemical and Refinery

      RJ Chang, Vice President and Executive Director, Process Economics Program, OMDC, IHS Markit

      This presentation will provide the latest crude oil-to-chemicals (COTC) projects status and offer insights into COTC technology, operations and production economics using  Zhejiang Petroleum and Chemical (ZPC) Phase I project as a case study.  The ZPC project, despite its focus on PX, also captures all available C2-C5 hydrocarbons and light naphtha to be fed to its worldscale steam cracker. This results in more competitive economics not only for PX but also for ethylene production.   It thus has the potential to become a new benchmark for the global petrochemical industry.  On the other hand, COTC is a refinery configured to maximize chemicals production, and has the possibility to become the ultimate refinery petrochemical integration serving as a benchmark for refineries as they aspire to produce more chemicals and less fuels.  We will compare the economics of the Zhejiang COTC with a few real refineries with various degrees of chemical production based on our original research.

    • 11:40 AMThe Circular Economy: Driving Profitability in the Move Towards Sustainability
      Rajesh Gauba, Vice-President - Recycling and Sustainability, Reliance Industries
    • 12:05 PMPanel Discussion/ Q&A
      Moderator: Tony Potter, Vice President, Specialty Chemicals, IHS Markit
  • 12:20 PMNetworking Lunch/Meet the Experts
  • Three Parallel Breakout Sessions: Olefins & Derivatives; Aromatics & Derivatives and Acrylonitrile, Derivatives & Fibers
  • Session 1: Olefins & Derivatives
    Moderator: Mark Eramo, Vice President, Global Chemical Business Development, IHS Markit
    • 1:45 PMPropylene Market Outlook
      Jinsu Yim, Executive Director, Asia Olefins, IHS Markit
    • 2:10 PMGlobal Ethylene: Focus on Asia
      Steve Lewandowski, Vice President, Olefins, IHS Markit
    • 2:35 PMNGLs - Ethane and LPG in Asia

      Yanyu He, Executive Director, Asia Pacific and Middle East NGLs, IHS Markit

      The surge of US LPG exports has fundamentally changed the global LPG trade pattern, also reshaping the regional LPG price relationships. The trade dispute between US and China has further complicated the dynamic. We will discuss how Asia and global LPG demand will absorb the incremental supply from US and other growing markets such as Middle East and Australia.

      US ethane availability is also growing, driven by upstream oil and gas development. The NGL infrastructure constraint and strong ethane demand growth from new crackers online in the US caused ethane prices to escalate in 2018 but, over time, we expect market to adapt and keep US ethane prices generally tracking natural gas.

    • 3:00 PMPanel Discussion/ Q&A
      Moderator: Mark Eramo, Vice President, Global Chemical Business Development, IHS Markit
    • 3:15 PMNetworking Break
      Moderator: Steve Lewandowski, Vice President, Olefins, IHS Markit
    • 3:45 PMC4 and Elastomer Market Outlook

      Anthony Song, Director, Asia C4s and Elastomer, IHS Markit

      This presentation will provide global overview for c4 and elastomers market. Will give outlook for vehicle production growth for important regions, especially in China. Will look at the changes in supply demand balance outlook for each region amid upcoming massive new butadiene capacities and regional price forecast. Will also look at upcoming butadiene derivative capacities and expected growth rates for next few years. Will be also looking at natural rubber market outlook.

    • 4:15 PMGlobal PE
      Utpal Sheth, Executive Director, Plastics, IHS Markit
    • 4:45 PMPolypropylene Outlook - Preparing for a Changing Market

      Polypropylene market is changing from a tight supply market to a balance to oversupply in the next few years. The increase in supply amid weaker demand market will create new challenges for producers.

      Market players must prepare for the new change to brace the impact of increasing supply.
      In this presentation, we will look at what are the key factors that affected this change.

      Key factors to be discussed are :

      • Impact of new wave of capacity
      • What will be the demand outlook
      • Can producers continue to keep high margins and operating rates?
      • New regulations that are affecting demand for PP
      • Prospect of new investment in Asia
    • 5:15 PMPanel Discussion/ Q&A
      Moderator: Steve Lewandowski, Vice President, Olefins, IHS Markit
  • Session 2: Aromatics & Derivatives
    Moderator: Ashish Pujari, Executive Director, IHS Markit
    • 1:45 PMPetchem Feedstocks - Naphtha, Octane Amid Vehicle Change Scenarios
      Premashish Das, Executive Director, IHS Markit
    • 2:10 PMUnexpectedly benzene market has improved to cozy level and will situation continue or collapse again?

      2018 until March benzene market was stably strong. Benzene to naphtha spread topped more than $300 per mt and Benzene producers enjoyed high benzene margin. However, in 2018 benzene production was very large from PX integrated reformer/TA plants and naphtha cracker. PX margin improved substantially from August in 2018 to April in 2019 till the start of Hengli large PX plant. Ethylene margin had been robust for long term from 2015 to mid of 2018. On the other hand, in 2018 styrene, phenol and caprolactam turnaround was large and benzene demand was smaller than expected. As a result, benzene market collapsed from April in 2018. In 2018, PX market was very strong and Olefin margin was relatively robust, low benzene price and profit wasn’t serious issue. However, in 2019 story has changed, PX margin has been sharply corrected down and olefin profit has been also kept reduced. Low benzene margin was closed up. Why the Asian benzene market recovered from March? But we’ll have new large wave of benzene capacity in line with large scale PX plant and naphtha cracker.

    • 2:35 PMPara-xylene Update
      Duncan Clark, Vice President, Global Aromatics, IHS Markit
    • 3:00 PMPanel Discussion/ Q&A
      Moderator: Ashish Pujari, Executive Director, IHS Markit
    • 3:15 PMNetworking Break
      Moderator: Duncan Clark, Vice President, Global Aromatics, IHS Markit
    • 3:45 PMPTA and Polyester Market Outlook
      Wei Ding, Director, Polyester Chain, IHS Markit
    • 4:15 PMProspects for EO and EG
      Alan Lu, Director, China Aromatics & Asia Glycols, IHS Markit
    • 4:45 PMSustainability in the Polyester Value Chain
      Ashish Pujari, Executive Director - Global Polyester & Asia Aromatics, IHS Markit
    • 5:15 PMPanel Discussion/ Q&A
      Moderator: Duncan Clark, Vice President, Global Aromatics, IHS Markit
  • Session 3: Acrylonitrile, Derivatives & Fibers

    Moderator: Simon Garmston, Global Director, Acrylonitrile, IHS Markit

    • 1:45 PMPropylene Market Outlook (this session takes place in the olefins breakout room)
      Jinsu Yim, Executive Director, Asia Olefins, IHS Markit
    • 2:15 PMPanel Discussion: Acrylic Fibre
      • Moderator: Simon Garmston, Global Director, Acrylonitrile, IHS Markit
      • Stefan Braun, CEO, Dralon
      • Alfredo Mora, Director General, Kaltex Fibres
    • 2:45 PMAmmonia Outlook

      Georgy Eliseev, Principal Analyst - Ammonia, Fertecon, IHS Markit Agribusiness Intelligence and Charles Costerousse

      Ammonia Outlook presented by Georgy Eliseev and Charles Costerousse (Fertecon - Agribusiness Intelligence, IHS Markit) will include the analysis of the ammonia supply and demand drivers, the importance of ammonia as feedstock for the acrylonitrile industry and the significance of acrylonitrile segment as market for ammonia. The outlook will provide recent data and forecasts for the global ammonia market and regional markets, Fertecon’s vision on the future ammonia market development.

    • 3:15 PMNetworking Break
      Moderator: Simon Garmston, Senior Director, Acrylonitrile, IHS Markit
    • 3:45 PMNylon 66 versus Nylon 6
      Meiko Wu, Director, Nylon, IHS Markit
    • 4:15 PMPropylene Panel: Market Outlook and Impact on Acrylonitrile
      Panelists:
      • Steve Lewandowski, Vice President, Olefins, IHS Markit
      • Jinsu Yim, Director, Asia Olefins, IHS Markit
    • 4:45 PMA Producer Perspective of Acrylonitrile

      Motoshi Nukita, Asahi Kasei

    • 5:15 PMPanel/Q&A
      Moderator: Simon Garmston, Senior Director, Acrylonitrile, IHS Markit
  • 5:30 PMDay One Concludes
  • 5:45 PMNetworking Cocktails

Friday, 08 November 2019

  • 8:00 AMRegistration and Refreshments
  • Three Parallel Breakout Sessions: Olefins & Derivatives; Aromatics & Derivatives and Acrylonitrile, Derivatives & Fibers
  • Session 1: Olefins & Derivatives
    • 9:00 AMDay 2 Opening Remarks
      Moderator: Steve Lewandowski, Vice President, Olefins, IHS Markit
    • 9:05 AMCrude-to-Chemicals: Refinery-Petchem Integration Impact on the Market

      Sanjay Sharma, Vice President, Middle East and India, IHS Markit

      Presentation will focus on the implications and opportunities associated with the higher level of refinery-petchem integration and developments related to crude-to-chemicals. With concerns around global base oil demand plateauing by late 2030s, there is increased focus on the refinery/petchem integration. Chemical demand on the other hand is expected to continue to grow at around GDP parity level. That essentially means increased focus of IOCs/NOCs on building their chemical portfolio. With higher level of refinery/petchem integration, industry landscape is expected to change as scale is unprecedent. Feedstock mix too is expected to change with Naphtha as feedstock for Ethylene trending higher. On the other hand, markets can handle only few of these projects due to the scale. It is critical for the industry participants to understand the impact and adjust their strategic plans accordingly.

    • 9:35 AMNGLs - Ethane and LPG in Asia

      Yanyu He, Executive Director, Asia Pacific and Middle East NGLs, IHS Markit

      The surge of US LPG exports has fundamentally changed the global LPG trade pattern, also reshaping the regional LPG price relationships. The trade dispute between US and China has further complicated the dynamic. We will discuss how Asia and global LPG demand will absorb the incremental supply from US and other growing markets such as Middle East and Australia.

       

      US ethane availability is also growing, driven by upstream oil and gas development. The NGL infrastructure constraint and strong ethane demand growth from new crackers online in the US caused ethane prices to escalate in 2018 but, over time, we expect market to adapt and keep US ethane prices generally tracking natural gas.

    • 10:05 AMVinyls Chain: Asian EDC, VCM, and PVC

      Gordon Kuo, Director, IHS Markit

      Asia imports about 84% of ethylene dichloride (EDC), 59% of vinyl chloride monomer (VCM), and 43% of polyvinyl chloride (PVC). The EDC trade flow in Asia has changed based on the trade war between the US and China. Are there any newcomers or dropout players in Asia in terms of EDC demand? The VCM oversupply effect in Asia has come to an end this year. The PVC and VCM spread will become lower compared with the past two years. Strong PVC demand is still anticipated in India for the next few years; where to find the supply when most Asian producers are in high utilization and less expansion?

    • 10:35 AMNetworking Break
    • 11:00 AMRare Earth: Not so rare, but rationed!

      Adam Gao, Associate Director, IHS Markit

      The rare earths are a group of 17 metallic elements in the periodic table including the Lanthanides from Lanthanum to Lutetium, plus the closely related elements Scandium and Yttrium. An overview for the global rare earth market, with a focus on the supply and demand aspects is given in the presentation. China sets up mining quota for rare earths annually and dominates rare earth smelting and separation industry, especially for the heavy rare earth products. Key drivers of rare earth industry are in permanent magnets. Wind power industry and vehicle industry are two important markets for permanent magnets.

    • 11:30 AMOverview of Oxo-Alcohols and Acrylic Acid Derivatives

      Mike Park, Associate Director, Asia Olefins/Acrylates, IHS Markit

    • 12:30 PMNetworking Lunch
  • Session 2: Aromatics & Derivatives
    • 9:00 AMDay 2 Opening Remarks
      Moderator: Duncan Clark, Vice President, Global Aromatics, IHS Markit
    • 9:05 AMThe Calm before the Storm

      Styrene prices have been relatively stable in 2019 despite feedstock prices fluctuating. Limited capacity additions and fewer unplanned shutdowns this year, compared to the last several years, contributed to stable prices and positive margins. Will this scenario be here to stay? Or is this merely the calm before the storm? Looking forward, Asia will see a significant increase in new capacity for Styrene. Margins for styrene producers will very likely be squeezed due to the additional capacity coming online and slower demand growth in line with a weakening global economy. Trade flows could change further due to increasing Chinese capacity and protectionism laws in key markets. The Styrenics industry has grown steadily and enjoyed healthy margins but it will be a challenge to survive the next couple of years as we foresee 2020 to be the period of rapid change.

    • 9:35 AMPerspective of Cumene, Phenol and Acetone

      Terence Peh, Principal Analyst, IHS Markit

    • 10:05 AMNylon and Feedstocks
      Meiko Wu, Director, Nylons, IHS Markit
    • 10:35 AMNetworking Break
    • 11:00 AMPolyurethanes: Prospects for MDI/TDI and PO

      Wong See Yan, Director, Asia Polyurethanes, IHS Markit

    • 11:30 AMEvolution of Asia Petchems Benchmark
      Sok Peng Chua, Director/Petrochemicals, OPIS, IHS Markit
  • Session 3: Acrylonitrile, Derivatives & Fibers
    Moderator: Simon Garmston, Senior Director, Acrylonitrile, IHS Markit
    • 9:00 AMDay 2 Opening Remarks
      Moderator: Simon Garmston, Senior Director, Acrylonitrile, IHS Markit
    • 9:05 AMAcrylonitrile: A China Perspective

      Jin Baoyuan, Deputy Commercial Director & Nitriles Business Manager, Shanghai Secco Petrochemical Company Limited

    • 9:35 AMThe Next Paradigm Shift in ABS Market

      Daniel Siow, Director, IHS Markit

      We live in a world of uncertainty, deepening trade and geopolitical tensions are transforming the way we do business. To that end, we need to rethink how to manage a slew of interruptions and developments arising from rising protectionism. Organizations must adapt to disruptions in global supply chains, the ABS industry will not be spared. Environmental issues are also on the rise. Will global effort to reduce plastic waste sent to the ocean, landfills and incinerators impact consumption of ABS? This presentation offers an insight to golden opportunity of the next paradigm shift. Every cloud has a silver lining, but one must stay ahead of the curve to be successful.

    • 10:05 AMPolyester and Cotton Update
      Ashish Pujari, Executive Director - Global Polyester & Asia Aromatics, IHS Markit; Kieran Garland, Principal Analyst, Acrylonitrile, IHS Markit
    • 10:35 AMNetworking Break
    • 11:00 AMAcrylonitrile & Derivatives Global Outlook
      Simon Garmston, Senior Director, Acrylonitrile, IHS Markit; Kieran Garland, Principal Analyst, Acrylonitrile, IHS Markit
  • 12:00 PMNetworking Lunch
  • 1:00 PMConference Ends