IHS Markit Briefing at EPCA

Facing major headwinds and a storm of geopolitical uncertainty, European producers battle to maintain their competitive position in the petrochemical industry

Monday, 2 Oct | 12:30 - 2:00pm | Pullman Berlin Schweizerhof | Berlin, Germany

In the past, European chemical producers have prevailed without the feedstock cost advantage enjoyed by the Middle East, Russia and North America, or the rapidly growing consumer markets experienced in China and Asia.

European producers have employed tactics such as cost reduction, asset sweating, technology and product innovation, and ownership changes to remain competitive. Their success means that now competitors from low-cost and fast-growing regions are acquiring assets in Europe, so they can leverage the technology and product innovations which were created out of European necessity.

Recent successes of the European industry have even prompted announcements of new production capacity; ranging from ethane import terminals to new PDH investments, and new derivative facilities.

However, the existing and approaching headwinds could signal a storm of uncertainty approaching. The European industry certainly can’t sit back and relax. Join this complimentary briefing from IHS Markit experts as they discuss new risks and opportunities for the European petrochemical industry.

Topics will include:

  • Global olefins – a tighter Market than most would think over the next 2-3 years
    Steve Lewandowski, Vice President - Olefins, Oil, Mid-Downstream and Chemicals, IHS Markit
    This session will explore the global olefin market, and its impact on the European industry, including:
    • The US wave of ethylene capacity, which seems to be finding a home in the global market with an improving global GDP forecast.
    • Why the Chinese wave of on-purpose propylene is not as disruptive as originally thought.
    • Greater Europe’s own industrial renaissance with olefin projects for both ethylene expansions and grass roots on purpose propylene projects under study.

  • Critical uncertainties facing the European refining and marketing sectors
    Damian Kennaby, Senior Director, Oil markets, Midstream, Downstream & Chemicals, IHS Markit
    This session will explore the disruptive events creating challenges and opportunities for refiners. The discussion will focus on:
    • How durable the current price downturn is and what the impact will be on refining margins.
    • Moves to phase diesel out will have significant repercussions for the European refining sector.
    • New marine fuel specifications from 2020 have the potential to be one of the most disruptive events seen in the refining industry in decades.
  • The future of cars, oil, chemicals, and electric power
    John Page, Vice President, Oil, Mid-Downstream and Chemical Consulting, IHS Markit
    The automotive industry is on the brink of a major transformation.  How can we expect the automotive industry to change?  And how will these changes impact the European petrochemical industry?  This session will explore:
    • Driverless technology as a major disruptive force 
    • Sales of light duty vehicles (LDVs) will become increasingly diversified 
    • Global oil demand will flatten or even decline. How will this impact feedstock availability?
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