Research and Markets has announced the addition of the "Singapore Petrochemicals Report 2011" report to their offering.
Singapore Petrochemicals Report provides industry professionals and strategists, corporate analysts, petrochemical associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Singapore's petrochemicals industry.
The Singaporean petrochemicals industry is set to witness a massive increase in capacities in 2010 and 2011, but oversupply in the Chinese market may put pressure on margins and sales in the near term, according to latest Singapore Petrochemicals Report.
In 2009, Singapore had olefins production capacities of 1.99mn tpa ethylene, 990,000tpa propylene and 60,000tpa butadiene. These fed downstream units with combined capacities of 820,000tpa benzene, 360,000tpa ethylbenzene, 245,000tpa ethylene oxide, 125,000tpa ethylene glycol, 95,000tpa styrene monomer and 990,000tpa xylenes. In the resins segment, Singapore had capacities of 390,000tpa high density polyethylene (HDPE), 250,000tpa low density polyethylene (LDPE), 525,000tpa linear low density polyethylene (LLDPE), 875,000tpa polypropylene (PP), 95,000tpa polystyrene (PS) and 30,000tpa polyvinyl chloride (PVC).
New petrochemicals capacity in Singapore will be focused on serving the Chinese market, concentrating on the key growth areas of aromatics, mono-ethylene glycol (MEG), LLDPE and PP. Three sites will form the basis of the expansion of Singapore's petrochemical industry over the next five years: the Shell Eastern Petrochemical Complex on Bukom, the ExxonMobil Chemical complex on Jurong and the Jurong Aromatics complex. Together, these will add capacities of 1.8mn tpa of ethylene, 950,000tpa of propylene, 155,000tpa butadiene, 480,000tpa of PE, 450,000tpa of PP, 570,000tpa of benzene and 1mn tpa of xylenes. By 2014, Singapore's ethylene capacity will have nearly doubled to 4.04mn tpa, PE capacity will be up 40% to 1.65mn tpa and PP capacity will be up 50% to 1.33mn tpa.
With the Chinese petrochemicals industry set to witness major expansion amid slower rates of demand growth, BMI cautions that the Chinese market will witness surpluses in some segments that could undermine prices and hit margins at Singaporean facilities. However, Singapore will become a highly competitive, large-scale petrochemicals centre perhaps the 10th largest in the world by the next decade. Furthermore, economies of scale should help Singapore become the price leader in Asia's olefin market, and have a strong presence in the general purpose resin market.
The global economic downturn had a negative impact on some petrochemicals projects in Singapore. Lanxess postponed the construction of a 100,000tpa butyl rubber facility to 2014 due to a fall in demand. Meanwhile, the Jurong Aromatics Corporation (JAC)'s massive aromatics project in Singapore is also facing severe delays. It was due to be completed in 2011, but BMI believes it will not come onstream until early 2013. The complex will use UOP technology to produce 800,000tpa of paraxylene (PX), 200,000tpa of orthoxylene (OX) and 450,000tpa of benzene.
Key Topics Covered:
- Executive Summary
- SWOT Analysis
- Emerging Asia Petrochemicals Overview
- Table: Asian Ethylene Projects
- Singapore Market Overview
- Table: Singapore Olefins Facilities, 2009
- Table: Singapore Aromatics Facilities, 2009
- Table: Singapore Polyolefins Facilities, 2009
- Regulatory Structure
- Industry Trends And Developments
- Projects And Expansions
- Petrochemicals Business Environment Ratings
- Industry Forecast Scenario
- Macroeconomic Activity
- Company Monitor
- ExxonMobil Chemical
- Petrochemicals Corporation of Singapore (PCS)/Shell
- Sumitomo Chemical Singapore
- Eastman Chemical Singapore