3 – 4 November 2022 | Singapore
Over the last couple of years and for the foreseeable future, the world has built and is set to add more capacity relative to demand growth for a multitude of petrochemicals. This has been one contributor to low or negative operating margins around the world. On top of the overbuild, energy prices, logistical bottlenecks, a slow return from the COVID-19 outbreak, and a building storyline for a global recession are forcing hard decisions on rate reductions, temporary plant shutdowns, and in some cases permanent closures.
In the longer run, petrochemicals are an enabler to economic development and will continue to increase in demand as both population increases, and the standard of living improves for developing regions. The time is now to make those process improvements as spare supply capacity takes time to be absorbed. Economic health is cyclical and petrochemical overbuild will be absorbed. Those who can hold out during the trough should see better days as we come out of the downturn.
Join your industry peers and us at the Asia Chemical Forum (ACF) to hear discussions on critical issues impacting the Asia chemical market while focusing on The New World Order of Petrochemicals: Pathways to a Sustainable Future
Key questions to be discussed:
This year’s conference will feature two days of expert content and numerous networking functions including coffee breaks, lunch, and evening reception. Register today for this must-attend event.
Chemical Market Analytics by OPIS, a Dow Jones company, provides stakeholders in the global chemical industry with next-generation analytics, deep insights, future outlooks and price discovery to improve operational efficiency. The company offers short- and long-term market coverage for more than 200 core building-block chemicals via Market Advisory Services (MAS), World Analysis (WA), Circular Plastics Service, Chemical Advisory Service and educational and networking conferences such as World Chemical Forum.