Petrochemical II: Plant Economics and Forecasting
A brief revision of the value chains Today’s headline market conditions How to analyse short-term markets, including the use of polyolefins pricing, trade, margins and supply and demand data Understanding plant economics
MODULE 1 (2 hours & 45 minutes)
1 hour & 15 minutes : Petrochemical Building Blocks – A Refresher
- How the industry grew: The economic, social and political context
- The olefins and aromatics value chains
- Links with oil gas, refining and coal
- What drives industry success and failure
- Key end-use markets
- The rise of sustainability
15 minutes : BREAK
1 hour & 15 minutes : Global Market Update and short-term analytical too
- Today’s market dynamics in olefins and aromatics
- Spread and netback analysis
- Short-demand analysis
- Analysing trade flows
END OF MODULE ONE
MODULE 2 (2 hours & 45 minutes)
1 hour Industry Cost Analysis and Margins
- Cost structure build-up
- Product yields, role of co-products
- Average industry margins
- Understanding traditional cost curves
- The new green cost curve
15 minutes BREAK
15 minutes Exercise: Quiz on the value chains and industry fundamentals
1 hour & 15 minutes : A guide to forecasting
- The value of price forecasts and how they are compiled
- The fundamentals of demand and supply forecasting
- A view on the petrochemicals world until 2040 including the influences of geopolitics, demographics and sustainability
END OF MODULE TWO