15 November 2007 17:56 [Source: ICIS news]
HOUSTON (ICIS news)--The 27th Annual Meeting of the Latin American Petrochemical Association (APLA) will open on Saturday in Buenos Aires, according to event organisers.
The 17-20 November meeting at the Hilton Hotel in ?xml:namespace>
“This annual meeting has proved to be the right scenario to develop business and to enhance personal contacts with manufacturing companies, suppliers and customers of the petrochemical and chemical industry, not only from
The discussions will focus on feedstock issues, global climate, trade with
Speakers at the event include, among others, Argentine economist Ricardo Hector Arriazu, Craig Whitley of Purvin & Gertz from the US, president Jose Lima de Andrade Neto of Petrobras Quimica (Petroquisa), Theo Walthie of Walthie Consultants, president Jose Luis Testa of DuPont in Argentina, Latin American business director of hydrocarbons and energy Diego Ordonez of Dow Latin America and managing director Alasdair Nisbet of Lazard.
While Latin America has enjoyed strong economic growth overall in recent years, which has raised domestic demand for chemical and petrochemical products as well as strengthened the local industry’s capacity to meet rising global demand, logistical and political barriers remain to be overcome before the region’s ample supplies of feedstock are fully available for the industry.
Once developed, these reserves will provide the strategic basis for
This discovery, along with the recent consolidation of
State-run PDVSA and the petrochemical division Pequiven will continue to play a vital role in the ongoing “petrochemical revolution” in
The investments are needed - currently
Currently the country is undergoing substantial regulatory changes with new tax laws and political pressure to revitalize the industry, with private companies such as Mexichem fast becoming major regional participants.
Politically, the country remains active with a recent complaint filed at the World Trade Organisation (WTO) against
On Friday there will be two other important industry events that will coincide with the APLA meeting.
ICIS Insight Asia will hold a one-day seminar at the Sofitel Madero Hotel in
Building on the strengths of the independent ICIS presence within the global chemical industry, panelists will provide a critical overview of the current challenges and opportunities. ICIS will also host a hospitality suite at the Hilton during the APLA meeting.
Also on Friday, Nexant will hold a one-day seminar at the Hilton Hotel in
The seminar will focus on the global wave of M&A as a sign of growth and fundamental market factors for the next two years, with a view toward how to face the likely downturn following the boom.
($1 = €0.68)
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