Fundamentals of Petrochemical Plant Economics and Forecasting

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Crude oil price volatility has created uncertainty around petrochemicals pricing, making it more important than ever for industry players to understand cost structures, product yields, margins and price drivers. Exploring how production and market dynamics have evolved over the years, this course provides crucial insights into the workings of the petrochemicals industry.

This day course equips you with the skills and understanding you need to analyse costs, forecast for the future, and confidently participate in price negotiations during these uncertain times.

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Why attend this course?

  • comprehensive overview of petrochemicals market dynamics
  • Understand fixed and variable costs, and product yields
  • Gain insight into the factors driving prices and profitability
  • Learn how to analyse costs and price trends
  • Explore recent developments, and their impact
  • Become confident at forecasting for the short- and long-term


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.


Nigel Davis – Course Director, ICIS

Nigel has been part of the ICIS training team since its inception. A chemist by training, Nigel is an Insight editor with ICIS and contributes regularly to the 24-hour online chemicals news service.

Nigel has written about the chemical industry in many publications since 1979, including news and company magazines, encyclopaedias and specialist reports. For 13 years he wrote and edited the newsletter Chemical Insight. He presents regularly at conferences and training events and has widely shared his understanding of the sector.

Nigel is a Fellow of the Royal Society of Arts (RSA) and through the RSA takes a general interest in industry and business matters.

Paul Cherry – Consultant, Officium Projects

Paul has 20 years’ experience in the petrochemical industry working for Lyondell Basell and its predecessor companies, Basell, Montell and Shell Chemicals.

From 2002 to 2010 he was based in Hong Kong and was responsible for supply chain and procurement activities in Asia, Africa, the Middle East and the Indian Subcontinent. After leaving Lyondell Basell, Paul has been working with Officium Projects, a company offering consulting and engineering services to the petrochemical industry as well as the ICIS training business.

Paul has a Bachelor of Applied Science degree and Doctorate of Philosophy majoring in polymer science both from the University of Melbourne.

George Martin – Senior Consultant, ICIS

George Martin has been a commodities reporter since 1994, and an ICIS editor for more than 10 years. He has extensive experience covering Latin American polymers markets and joined ICIS Consulting in 2015.

George is well known in the sector for his expertise on polymers pricing dynamics and logistics, and has become a frequent guest speaker at industry events. George has ample experience in Latin American crude oil and refined products coverage, as well as knowledge of the region, its potential and the current issues affecting it.

Testimonials from past delegates of this course

“The course was outstanding! I learned how the petrochemical chain works and the gaps in my knowledge were covered.”

Sasol, Germany

Course Fees

If you require fees information, please contact us via

In-House Training

ICIS works alongside our clients 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.

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Petrochemicals Training Courses

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