New Report Available: Peru Petrochemicals Report 2016
New Energy market report from Business Monitor International: "Peru Petrochemicals Report 2016"
[USPRwire, Mon Feb 01 2016] Above-ground risks to the development of the natural gas sector are impeding progress on the development of Peru's downstream petrochemicals potential, which is considerable given the massive size of the country's upstream resources. Completion of any world-scale petrochemicals complex is unlikely before 2020 as the country needs to secure significant infrastructural development before investment can be guaranteed. If Peru realises its ambitions in the petrochemicals sector, it could rival Brazil as a major supplier to the South American polymers market.
From an estimated production of 12.7bn cubic metres (bcm) in 2014, we forecast Peru's natural gas production to increase over the next decade owning to strong domestic demands. This relatively bullish forecast is based on our view that the sector will benefit from a strong reserves picture and recent investments into infrastructure.
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Braskem's 2011 agreement with PetroPeru for a 1.2mn tonnes per annum (tpa) cracker with associated polyethylene (PE) production has yet to progress, while costs have risen from USD3.5 to USD5bn as a result of the infrastructural requirements to sustain a complex. A USD3.6bn deal was signed by Brazil's Odebrecht and Spain's Enagas for a 1,085km pipeline from the Camisea gas fields to the coast, where the complex is planned. However, more work needs to be done to ensure the complex is economically viable, including establishing port facilities.
BMI projects that Peru's PE demand will exceed 450,000tpa by 2020, up 50% over 2012 levels. Proposed PE facilities would therefore create a self-sufficient market, potentially fuelling growth in downstream conversion businesses and generating investment in industry.
In the refining sector, upgrade work at the Talara refinery will support 35,000 barrels per day increase from 2018, but capacity will continue to lag demand throughout our forecast period.
The Peru Petrochemicals Report has been researched at source, and features BMI Research's market assessment and independent forecasts for key petrochemicals sub-sectors. The report also analyses the impact of regulatory changes, recent developments and the background macroeconomic outlook and features competitive landscapes comparing companies by products and services, sales, market share, investments, projects, partners and expansion strategies.
BMI's Peru Petrochemicals Report provides industry professionals and strategists, sector analysts, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Peruvian petrochemicals industry.
* Benchmark BMI's independent petrochemicals industry forecasts to test other views - a key input for successful budgetary and planning in the Peruvian petrochemicals market.
* Target business opportunities and risks in the Peruvian petrochemicals sector
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