Fundamentals of Petrochemical Plant Economics and Forecasting

Virtual: 18-Oct-2023 to 19-Oct-2023 | Start Time: 8:00AM London / 11:00AM UAE / 3:00PM Singapore

Course Overview

IT IS CHAOS out there. A mountain of data and alternative opinions make short-term petrochemicals market analysis incredibly difficult.

But so many people need to analyse the past and predict the future in order to set sales, profit and production targets in an ever-more complex and volatile economic environment.

The good news that ICIS is providing a “how to” guide to market assessments through its Introduction to Petrochemicals Part 2 training course.

Presented by John Richardson, ICIS Consultant Asia who has 26 years of experience in analysing petrochemicals markets, largely in polyolefins, the course covers topics such as the role of spreads, margins, trade flows and supply and demand data in building market analysis.

We also explain the economics of the steam cracker business – how cost and profit models are built, accompanied by analysis of the cost positions of producers in different regions.

These topics are placed in the context of what’s happening right now in global polyolefins markets with our views on pricing, trade flows and supply and demand over the next 18 months, backed up by a wealth of ICIS data.

And we provide exercises to test your analytics skills along with plenty of time for discussions and sharing of the challenges.


Petrochemicals is a complex market to unravel. Industry dynamics change rapidly driven by factors such as the global economy, sustainability, changing trade flows, and geopolitical tensions. This course will examine the key trends and headlines in today’s market and its impact on cost, margin, and profitability.

  • Module #1:
    This module will help you establish a solid understanding of the petrochemicals market. Discussions include a deep dive into the value chain, price differentials between countries and regions, netbacks and spreads.
  • Module #2:
    In this module you will learn about cost analysis and margins – from cost structure and product yields to cost curves. It will also tackle the basics of forecasting.

Who should attend?

  • Market Analysts
  • Procurement/Purchasing professionals
  • Traders
  • Business Development
  • Project Managers
  • General Managers
  • Decision makers

Course fees

Virtual – $1,500 (+UK VAT at 20% if applicable)*

18-19 October 2023 | 8:00AM London / 11:00AM UAE / 3:00PM Singapore (EMEA/GST/Asia)

REGISTER HERE (18-19 October 2023)

*NB: Please enter your VAT number (or local equivalent) on our payment page, otherwise UK VAT at 20% will be applied. Customers based in the UK will be charged UK VAT at 20% whether or not a VAT number is provided.

For group bookings of three or more please contact us:

Jerricor Dayrit Asia/Middle East
Tel: +65 6780 4321

Nicol Lange EMEA/Americas
Tel: +44 20 7911 1393

What to expect in the virtual training?

  • Fully digital platform

All sessions will be accessed virtually from your computer, tablet or mobile, giving you the flexibility of taking the course at your chosen location and device.

  • Live and interactive sessions

Understanding the relevance of getting access to information in real time, the course will be delivered live and include interactive sessions providing you with a platform to engage with trainers and other delegates.

  • Modular approach

The virtual course will run over 2 days with a total of 7 hours of tuition time.


John Richardson

John Richardson – Consultant, ICIS Asia

John Richardson is a highly experienced trainer and chemicals industry analyst, who has been working in the industry for 18 years. Based in Asia-Pacific, John has a deep knowledge of the companies and people who have transformed the region into the world’s major production and consumption region. His aim is to provide insightful, factually-based analysis of the key issues facing the industry. His views are highly valued by senior executives, who appreciate his balanced and independent approach.

From 2006 until 2013, John was the Director for ICIS Training, where he successfully launched the business in the region, providing a wide range of courses covering petrochemicals, oil refining, fertilizers and base oils. He now works for the ICIS Consulting team. John has also co-authored an e-book, Boom, Gloom and the New Normal, with Paul Hodges of United Kingdom-based consultancy, International eChem. The book, which has been published by ICIS, examines how demographic factors and events in financial markets have reshaped the global economy. His Asian Chemical Connections blog has a wide regional and global readership.

Bespoke Training Solutions

ICIS works alongside our customers to create bespoke training courses that mould our expertise and your specific needs. We’ll pinpoint the current expertise of your employees, areas for improvement, and your business goals, and develop a training course that will bring tangible benefits to your business.

Our custom training courses are delivered as interactive workshops, focusing on the products, concepts and issues that are most relevant and beneficial to you.

  • Save money on transportation and accommodation, with training at a convenient location
  • Flexibility – you determine the length and duration of the sessions
  • Interactive workshops with hands-on exercises, to reinforce key skills, techniques and concepts
  • Take-away the course materials, presentations and background information for future reference

To enquire about in-house training for this course please click here and a member of our team will get back to you.

Get in Touch

If you want to find out how our decision-making tools can help you navigate market shifts, contact us today. Simply fill in your details, submit the form and a member of our team will get in touch with you.

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