The
11th ICIS World Olefins Conference
Overcapacity; low cost feedstock & price arbitrage: Generating opportunities amidst shifts in global trade
8 March 2016
The Westin Palace, Madrid, Spain
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Tuesday 8 March 2016

8:00

Registration and refreshments

9:00

Welcome and chair’s opening remarks

Barry Hurley, Director, BHA LTD
9:10

Future of shale in Europe: Assessing the opportunities and challenges ahead

Tom Crotty, Director, INEOS
9:50

Long term low oil prices: what will this outlook do to our industry?

  • Analysing the factors contributing to a low-cost scenario
  • Price outlook for the next year and its impact on the olefins industry
Jaap Kalkman, Partner, ARTHUR D. LITTLE
10:30

Propylene: Is there still distress over security of supply in the industry?

  • Expected capacity output and demand drivers for the next two years
  • Have low crude oil costs and healthy cracker margins in Europe squashed concerns over propylene supply?
  • Gauging the global developments for alternative routes to propylene production – PDH in the US and China
  • Exploring trade scenarios with ethane cracking in the US potentially leading to a future shortage
Kevin Boyle, Principal, KEVIN L. BOYLE CONSULTING
11:10

Morning refreshments

11:40

Butadiene- Demand outlook amidst global overcapacity

  • Effect of steam cracker feedstock changes on the production of light olefins and butadiene
  • Steam cracker feedstock flexibility - dealing with the product slate changes and plant bottlenecks
  • Production outlook scenarios for light olefins and butadiene over the next two years.
  • Competitive challenges associated with on -purpose butadiene versus steam cracker produced butadiene
Stephen Bowers, Global Projects - Advanced Intermediates & Performance Intermediates, EVONIK INDUSTRIES
12:20

China: Tackling the consequences of deflation

  • Reviewing China’s slowdown and analysing the Great Unwinding of stimulus policies
  • What will happen to the wave of new US crackers and Chinese CTO/MTO plants? 
  • How does the arrival of low cost on-purpose propylene via PDH change inter-polymer competition?
  • What are the options for butadiene now the world has reached ‘peak car’ moment?
Paul Hodges, Chairman, INTERNATIONAL eCHEM
13:00

Lunch and networking

14:00

PANEL DISCUSSION: Is Europe on the verge of regaining its competitiveness or is it at contagion risk from bearish conditions in China?

  • Is Europe’s competitiveness entirely dependent on low crude oil prices?
  • Impact of Chinese currency devaluation on European exports
  • What are the expectations regarding further consolidation in the European petrochemicals chemical industry?
  • Ethylene, propylene, butadiene – Which direction is investment going in?
  • What measures are being taken to increase Europe’s competitiveness against the low cost feedstock advantage in the US?
  • Is switching to lighter feedstock still the optimum strategy for European producers?
  • What is Europe’s position in a global overcapacity scenario?
Stefano Soccol, Vice President, Basic Chemicals Business Unit, VERSALIS
Ian Robinson FCIPS, Procurement Director, INNOVIA FILMS
Gina Fyffe, Executive Director, INTEGRA
Leonardo Mascolo , Director - Base Petrochemicals Business Unit , REPSOL CHEMICALS
14:40

USA: Re-evaluating the “cost-advantage” position with shale

  • Analysing US cracker economics- Is it still viable for crackers to come online in 2017 amidst low crude oil prices?
  • Where is demand for this capacity coming from?
  • Forecasting the resulting displacement of global trade flows
George Martin, Senior Consultant, ICIS CONSULTING
15:20

Iran: Market projections for the petrochemicals industry after sanctions are lifted

  • Production outlook and an overview of domestic demand
  • Investment in regeneration: Opportunities for international stakeholders
  • With plans to more than double its current capacity output, what impact will this have on global trade dynamics? 
Kambiz Mirkarimi, Commercial & Executive Director, JAM POLYPROPYLENE COMPANY
16:00

Afternoon refreshments

16:30

Downstream perspective: Overview of the polyolefins market dynamics

  • The polyolefins industry - global outlook
  • Lower crude impact on polymer markets
  • Turkish polyolefins market outlook
Kerem Kocaoǧlu, Sales Group Manager, PETKIM
17:10

The olefins industry: A logistics perspective

  • How has the shipping industry been impacted by the shift in the global petrochemical market due to low crude prices?
  • Assessing the import/export flows of the most significant geographic regions
  • Examining fleet growth: current and anticipated vessels to be delivered through 2017
  • Outlook for new terminals being built to cater to the projections for overcapacity in the industry
  • Will seaborne transportation give shale an advantage over crude oil? 
Reidar A Sundvor, Partner, VIAMAR
17:40

Chair’s closing remarks

17:50

End of conference


The organisers reserve the right to change the programme, speakers or venue should circumstances require.
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