"United Arab Emirates Petrochemicals Report Q2 2015" now available at Fast Market Research
New Energy research report from Business Monitor International is now available from Fast Market Research
[USPRwire, Wed Feb 11 2015] Lower naphtha costs should help support Emirati margins in 2015, even if the impact of Abu Dhabi-based Borouge expansion drives down product prices, according to BMI's latest UAE Petrochemicals Report.
In the last four months of 2014, UAE product prices fell by 40% as markets slowed and naphtha feedstock prices declined. The situation was compounded by the commercialisation of output from the new Borouge 3 complex which includes one of the world's largest cracker units with 1.5mn tonnes per annum (tpa) of ethylene production capacity. Downstream units include 1.08mn tpa polyethylene (PE), 960,000tpa polypropylene (PP) and a 350,000tpa low density PE (LDPE) unit. The project also includes an 80,000tpa cross-linked polyethylene (XLPE) plant, which Borouge said will be a value-added complement to the 350,000tpa low-density polyethylene (LDPE) unit at the site.
* Market pressures going forward include a manufacturing slowdown in China, increasing Indian self-sufficiency and an increase in US competitively priced ethane-based petrochemicals exports.
* The planned Chemaweyaat complex will include an olefins plant, an aromatics complex and a range of downstream polymer and chemical units. It is scheduled to start production in 2015, but BMI believes that it is more likely to start in 2016. As a result of this expansion, by 2016, BMI expects ethylene capacity of 5mn tpa in the UAE, up from 2mn tpa in 2013, with PE more than tripling to 3.52mn tpa and PP rising by nearly 170% to 2.14mn tpa over the period.
* Efforts to diversify the downstream sectors continue with the government aiming to ensure that plastics converters grow at the same rate as basic polymers production. This should secure added value with the domestic market comprising around 15% of total polymer sales.
* In BMI's Middle Eastern Petrochemicals Risk/Reward Index matrix, the UAE has a score of 65.0 points out of 100, down 1.7 points since the previous quarter due to a decline in its country risk...
The United Arab Emirates Petrochemicals Report has been researched at source, and features Business Monitor International (BMI)'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 United Arab Emirates Petrochemicals Report provides industry professionals and strategists, sector analysts, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Emirati petrochemicals industry.
Key Benefits
About Fast Market Research
Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget.
For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.
You may also be interested in these related reports:
