Course description
This three-day workshop focuses on the commercial, economic and technical aspects of the entire olefin and polyolefin value chain and associated petrochemicals markets. Delegates will be guided from feedstocks, such as crude oil, through olefinic feedstock processing and polymer manufacturing all the way to the finished products as they are used in the end markets. The costs and economics of producing the basic olefins and polymers are covered with consideration of the implications on marketing and economics. Historical and future industry direction and developments will be explored to provide real-life context. Fundamental process chemistry integral to the industry will be discussed as well.
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Content
Introduction
- Petrochemicals and Petroleum
- The natural gas revolution
- Coal, where does it fit in?
- Derivatives and uses
- Crude oil and refining
- Market growth and costs
The Petrochemical Value Chains
- The dynamics of petrochemical feedstocks
- Refining and gas separation
- Olefins – Costs, Margins, Consumption and Investment
- An introduction to Polyolefins
Aromatics Sources, Business and Technologies
- Sources of aromatics
- Supply and demand
- Costs and pricing
- Styrene – routes to manufacture
The Petrochemicals Business
- The origins and history of the industry
- What makes the industry unique
- Costs, Margins and Prices
- Strategies employed by the major players
- Industry Profitability
- Ethylene and Propylene markets
Olefin Economics
- Steam Cracker Margins
- Feedstock costs and their impact on ethylene cost
- Differences in costs and margins between producing regions
Polymer Fundamentals
- Plastics: what are they and how are they made
- Methods of manufacture
- Polymer types
- Key properties
- Polymer Markets and Applications
Polyethylene Fundamentals
- LDPE, HDPE and LLDPE, what are they
- How they are made
- What they are used for
- Margins and consumption
- Business Structure
- What the future holds
Polypropylene Fundamentals
- What is polypropylene
- How is it made
- What it is used for
- Margins and consumption
- Business Structure
- What the future holds
Polymers to Products
- The properties of finished products
- The role of the Processor
- Markets and Applications
The Polyolefins Business
- The major players and their profiles
- 2008 and the slump
- Consumption Trends
- Market Growth
- New Capacity Investment
- Trade between regions
Case Study
- There will be an interactive case study on polyolefins