Global Plastics Summit Day 1

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Global Plastics Summit Day 1

Wednesday, February 26
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Nick Vafiadis, Vice President, Plastics, Chemical Market Analytics by OPIS 

Session 1: The Big Picture

Dewey Johnson, Senior Vice President and Global Chemical Lead, Chemical Market Analytics by OPIS
A breakdown of the economic outlook as a foundation for projected plastic market dynamics and the current global issues impacting the market.  
Carlo Barrasa, Vice President Energy Insights, Chemical Market Analytics by OPIS
The global energy market plays a critical role in shaping the plastics industry but the market has been stressed by geo-political events and the push for a low carbon future. Will these stressors continue to play a role? What implications lie ahead for the plastics market in relation to energy?
Steve Lewandowski, Vice President Olefins, Chemical Market Analytics by OPIS
Demand growth for olefins continues at a healthy pace. But, this demand growth is insufficient to absorb the overbuild. Operators around the world are assessing how to manage through an extended margin trough for the higher cost producers and regions. They are keen to understand how others are moving the levers to an advantage position and continue operations and assessing who will be the operators to have to make more drastic adjustments, idling or rationalizing.
Moderator: Nick Vafiadis, Vice President, Plastics, Chemical Market Analytics by OPIS 
Connect and engage with industry peers, sessions resume at 10:20 AM.  

Session 2: Global Impacts

Oskar Karlsson, Trioworld
 
Kaushik Mitra, Executive Director Polyolefins, Chemical Market Analytics by OPIS
A series of plant closures, stress tests, and strategic review of Polyolefins units have been announced in Europe recently. High cost of decarbonization, loss of competitiveness and approaching peak demand is spurring deindustrialization. While in the Middle East spurred by energy transition, economic and social diversification mega investments are being lined-up. What does this contrasting picture mean for the world of Polyolefins? What are the scenarios and risk factors?
Terine Ooi, Associate Director, Polyolefins Americas, Chemical Market Analytics by OPIS
Three pillars of China’s economy, waning consumer spending, slowed fixed-asset investment, and stalled property sector, translated into the anemic demand for polyolefins-based articles, likely marking a departure from its golden years. In addition, these ripple effects were further intensified by the burgeoning new capacity additions including the colossal ones planned for ‘me-too’ and premium resins. Looking ahead, the Chinese government’s efforts to navigate these turbulent waters remains fraught with uncertainty in the face of profound economic shifts, casting a long shadow over the demand recovery for Polyolefins. This presentation will provide in-depth analysis of this key region and its global impact on the polyolefins industry.
Moderator: Nick Vafiadis, Vice President, Plastics, Chemical Market Analytics by OPIS
Jonatas Melo, CEO & President, Baystar
As the chemical sector evolves with innovations in sustainability, green chemistry, and advanced materials, new projects are shaping the future of industrial growth and competitiveness in the region. This presentation will discuss the dynamic landscape of the chemical industry, and the drivers behind new projects, including technological advancements, regulatory shifts, and market demands. Additionally, it will address the opportunities and challenges these projects present and the implications for investment trends.

Yonas Kebede, Director Polypropylene Sales & Marketing, Heartland Polymers

Moderator: Joel Morales, Vice President, Polyolefins Americas, Chemical Market Analytics

Sessions to resume at 1:45 PM

Session 3: Polyethylene & Polypropylene Overview

Joel Morales, Vice President, Polyolefins Americas, Chemical Market Analytics by OPIS
The global PP market continues to enter uncharted waters with more new capacity being built versus demand than at any other time in history. This presentation will focus on likely strategies for global producers to survive the current down cycle. Demand drivers will be analyzed with an update on global trade patterns, dealing with evolving supply chain uncertainties.
Moderator: Anthony Palmer, Vice President Circular Plastics & Sustainability, Chemical Market Analytics by OPIS
Connect and engage with industry peers, sessions resume at 3:45 PM.

Session 4: Market Updates

Robin Bresser, Marketing Manager, Pipe Solutions, Baystar
In this presentation, we will explore the dynamic landscape of the pipe market, with a particular focus on the polyethylene (PE) pipe sector and its remarkable growth opportunities versus more traditional materials, such as concrete, iron and steel. In our cyclical plastics industry, when there’s more supply than demand, it is important for the plastics industry to understand and support the drivers of market growth of PE.
Javier Ortiz, Global Director, Engineering Plastics, Chemical Market Analytics by OPIS
The market outlook for engineering plastics is influenced by several key contributing factors  some of which include the shift towards lightweight materials for fuel efficiency, advancements in electric vehicles (EVs), and the growing adoption of high-performance polymers. This presentation will explore how these factors impact the market and the challenges and opportunities looking ahead.

Peter Feng, Executive Director, Styrenics, Chemical Market Analytics by OPIS
This presentation will explore the polystyrene market outlook including key trends, challenges, and opportunities shaping the industry’s future. It will highlight the impact of fluctuating raw material costs, environmental regulations, and shifting consumer preferences toward sustainable alternatives.
 
Ana Lopez, Director Americas Chlor-alkali & Vinyls, Chemical Market Analytics by OPIS
This presentation will review recent past developments in the PVC market and how those will shift trade patterns and competition. We will point out some lessons learned from the pandemic years and, finally, show the basis of our outlook for 2025.
Moderator: Joel Morales, Vice President, Polyolefins Americas, Chemical Market Analytics by OPIS
Joel Morales, Vice President, Polyolefins Americas, Chemical Market Analytics by OPIS
Join attendees, speakers, sponsors and the Chemical Market Analytics team for an evening of socializing.
Session Speakers

Carlo Barrasa Vice President, Energy Insights Team Lead Chemical Market Analytics by OPIS

Carlo Barrasa is the Vice President of Energy Insights at Chemical Market Analytics In this role, Carlo stewards the development of energy market content to help Chemical Market Analytics’ clients navigate the complexities of the oil, gas & natural gas liquids markets. Previously, Carlo led the North American Light Olefins service, which provides clients with valuable insights into the regional market dynamics of cracker feedstocks, ethylene, and propylene. Before joining Chemical Market Analytics, Carlo was a Senior Strategy Advisor at Anadarko Petroleum, where he was responsible for guiding the company's market strategy for its natural gas liquids business. After beginning his career in various downstream and chemical roles with ExxonMobil, Carlo held senior consulting and research positions at IHS Markit legacy companies PFC Energy and CMAI.

Robin Bresser Marketing Manager, Pipe Solutions Baystar

Robin has more than 30 years of global experience in pipe applications with strong contribution to the advancement of Borealis, Borouge and very recently Baystar as well as the pipe industry through PE/PP pipe innovations, sustainability focus and market development initiatives. Robin has held several senior positions in industry associations such as President of the PE100+ Association, Director of WSUP, Director of PPCA and several key working group positions in for example TEPPFA and PPI. He has presented many papers on various topics at seminars and conferences worldwide. Robin is currently Marketing Manager, Pipe Solutions at Baystar covering the North American PE pipe market. Based in Pasadena, Texas, Baystar was formed in 2018 as a joint venture between Borealis and TotalEnergies. Born in 1964 in Germany, Robin holds a BSc degree in Chemical Engineering with honours from the University of Wisconsin, Madison, USA and has completed several executive management courses at IMD and INSEAD. He is a passionate Ironman triathlete and has three grown children.

Peter Feng Vice President, Aromatics & Fibers Americas Chemical Market Analytics by OPIS

Mr. Peter Feng is the Vice President of Aromatics & Fibers Americas at Chemical Market Analytics. Peter Feng is the Vice President of Aromatics & Fibers. He is responsible for the North American Aromatics Service and covers the styrene, polystyrene and expandable polystyrene markets in the Americas for Chemical Market Analytics. With over 35 years of experience in various assignments, Peter has a breadth of knowledge in multiple disciplines and products. Peter is a key resource for understanding and insight into the aromatics sector of the petrochemical industry. Within the Americas, he leads the North American Aromatics Service. While his current area of focus is the products in the styrenics chain, he has covered many of the aromatics products at once. In addition to North American Aromatics, he contributes to several different services and is a key contributor to the World Styrene Analysis, World Polystyrene Analysis and World EPS Analysis. During his time at Chemical Market Analytics and predecessor companies, he has contributed to several bespoke client studies, including the development of a marketing plan for a new Middle East plant, a site assessment for a U.S. plant, strategic analysis for refineries and chemical plants, strategic purchasing analysis, etc. As a renowned expert, he has been sought after as a testifying expert in numerous legal cases. He is often a guest speaker at various conferences and industry events. Before his role in market consulting, he worked at Air Products and Sterling Chemicals. He had assignments in Process Engineering/Technology, Information Systems, Projects, Environmental, Supply Chain and Commercial teams during this time. Peter Feng has a Bachelor of Science and Master of Science in Chemical Engineering from Northwestern University and a Master of Business Administration from the University of Houston.

Dewey Johnson Senior Vice President, Global Head of Chemical Market Analytics Chemical Market Analytics by OPIS

Dewey is Senior Vice President with Dow Jones and Global Lead for the Chemicals practice within Chemical Market Analytics by OPIS, a Dow Jones Company. Dewey leads a team of 250+ subject matter experts with deep knowledge and experience within the chemical sector globally. Chemical Market Analytics offers unmatched global coverage of the Base Chemicals space covering almost 350+ chemistries through subscription services and consulting (bespoke research) offerings to our clients. The CMA practice presently covers Energy & Feedstocks, Olefins & Derivatives, Aromatics & Fibers, Inorganics (chloralkali, vinyls and soda ash), Plastics & Polymers, Syngas (methanol, acetyls and ammonia) chemicals, Sustainable chemistries (carbon, hydrogen, various chemicals) and plans to extend into newer areas. Dewey has two master’s degrees in environmental engineering & business management respectively. He has enjoyed a distinguished career with Eastman Chemical Company across multiple roles and functions for one and a half decades. In 2009, he joined Chemical Market Associates Incorporated (CMAI) and has been in the chemical market intelligence and research space ever since. From the acquisition of CMAI by the erstwhile IHS Markit to the present acquisition by Dow Jones, Dewey has been in senior leadership positions within the organization and has a deep understanding of the business. Dewey has worked extensively with chemical industry stakeholders across Asia, the Middle East, Europe, and the Americas, covering industry leadership, the financial sector, and policymakers. Dewey has led multiple engagements with chemical industry clients globally in strategy development and execution, analysis of chemicals markets and business portfolios, and due diligence analysis in the M&A space. Dewey is a frequent lecturer at MIT Sloan School of Management, UVA Darden School of Management and SUNY at Albany School of Public Policy. He is based out in Houston, Texas, United States of America.

Oskar Karlsson Chief Procurement Officer and VP Sustainability Trioworld

Oskar Karlsson is the Chief Procurement Officer and VP Sustainability at Trioworld. With more than 15 years of experience from various raw material markets, such as pulp & paper, aluminum and polyethylene, Oskar brings value for the organization in the transformation to become sustainable. In his current position, he is responsible for the group’s sourcing activities and sustainability journey as well as the product-line Personal Protective Equipment. Oskar is driven by customer’s current and future needs, his ambition is to contribute to Trioworld’s vision to constantly strive to be the first choice in sustainable polyethylene film solutions. He has a M.Sc degree in Mechanical Engineering from the University Chalmers in Gothenburg and a MBA from Stockholm School of Economics.

Yonas Kebede Director Polypropylene Sales & Marketing Heartland Polymers

Yonas Kebede brings more than 30 years’ experience in the petrochemical industry to his role as Director of Polypropylene Sales and Marketing for Heartland Polymers.  He started his career selling polyethylene and polypropylene in the Northeast for Quantum Chemical, a legacy LyondellBasell company.  In 2000, he joined Formosa Plastics in Livingston, New Jersey, spearheading their entry into the blow molding, sheet extrusion, and pressure pipe markets with the startup of the company’s new HDPE Phillips Loop Plant.  In 2019, Mr. Kebede joined Inter Pipeline, Heartland Polymers’ parent company, to build and lead the commercial team’s entry into the polypropylene market.  While he travels often to Calgary, Alberta, Canada where Inter Pipeline is headquartered, he works out of the Heartland Polymers’ Short Hills, New Jersey Sales Office and resides in Northern New Jersey with his wife and two children.  Mr. Kebede holds a Bachelor of Science in Engineering from Michigan State University.

Ana Lopez Director, Americas Vinyls and Global Sodium Sulfate Chemical Market Analytics by OPIS

Ana Lopez is the Director of Americas Vinyls and Global Sodium Sulfate at Chemical Market Analytics. Ana Lopez is the Americas Director of Vinyls (PVC, VCM, EDC) research at Chemical Market Analytics. In addition, she is responsible for the global market analysis of sodium sulfate. She has held several roles across numerous product areas during her time with the company. With over 25 years of experience, Mrs. Lopez is a key resource within the business for understanding and insight into the chlor-alkali & vinyls sectors of the chemical industry. Within North America and South America, she works closely with the chlor-alkali and vinyls industries, bringing her experience from the commodity markets. Her current area of focus includes contributions to the ‘Global Vinyls Report as well as primary input and insight for the World Sodium Sulfate and World Vinyls analyses. Her prior experience includes covering caustic soda, chlorine, and hydrochloric acid. In this role, she was responsible for contributing to the Global Chlor-Alkali Report and World Analysis Chlor-Alkali. Before joining Chemical Market Analytics, Mrs. Lopez spent several years with Pemex International Trading Company (PMI) in Mexico City in petrochemical commercial operations and market analysis, preceded by a few years with the EPC company ICA Fluor Daniel. Mrs. Lopez has a Bachelor of Science in Chemical Engineering from Universidad Iberoamericana and a Master of Business Administration from Instituto Tecnologico Autonomo de Mexico, both in Mexico City. She joined Chemical Market Analytics in 2007 and is based in the Houston office.

Jonatas Melo CEO & President Baystar

Jonatas Melo joined Baystar in 2024. Jonatas brings extensive leadership experience across commercial management, business strategy, product management, supply chain, and corporate finance to lead Baystar through a period of rapid growth, as the company introduces Borstar® technology to North America. Prior to joining Baystar, Jonatas spent 13 years with Borealis and Borouge in progressively senior roles in the Middle East, Asia, and Europe; most recently as Global Vice President of performance materials, where he led the consumer products and infrastructure industry clusters. Prior to joining Borealis Jonatas worked with ExxonMobil and Cosan in South America. Jonatas holds a bachelor’s degree in civil engineering from the University of Sao Paulo, Brazil; an MBA (honors) from IMD, Lausanne, Switzerland; and a Certificate in Global Management from INSEAD, Singapore.

Kaushik Mitra Executive Director, Europe Plastics & Polymers Chemical Market Analytics by OPIS

Kaushik Mitra is the Executive Director of Polyolefin for Europe, the Middle East, and Africa at Chemical Market Analytics. Kaushik Mitra is the Executive Director of Polyolefin for Europe, the Middle East and Africa. He steers the Polyolefin Insight and Research practice for Chemical Market Analytics by OPIS, A Dow Jones Company. Kaushik is a key resource within the business for understanding and insight into the olefins sector of the petrochemical industry. He was pivotal in conceptualizing, developing and executing the Chemical Market Analytics’ Circular Plastics studies. Within the EMEA region, Kaushik works closely with the value chain comprising Polymer producers, Brand owners, Converters, Distributors, & Resellers, providing support and guidance throughout the Polyolefins value chain. Kaushik’s current area of focus includes the European Plastics & Polymers Report, providing critical IP for EMEA and input and insight for the World Polyethylene Analyses. Kaushik gained diverse career experience working at top Global companies, steering business management, market development, market intelligence and strategy functions in leadership roles. His interests are in pricing, strategy and market intelligence. He joined Chemical Market Analytics in 2016 with over 26 years of experience in petrochemicals. Previously, with petrochemicals giant SABIC, Kaushik led the global business strategy team for the polymers business, shaping long-term ambitions regarding growth, business improvement, innovation and pricing. Kaushik was instrumental in designing and executing growth and differentiation strategies and played a key role in M&A and benchmarking. Kaushik holds a bachelor’s degree in engineering from the Indian Institute of Engineering Science & Technology and an MBA in marketing from the Indian Institute of Management.  

Joel Morales Vice President, Polyolefins Americas Chemical Market Analytics by OPIS

Joel Morales is the Vice President of Polyolefins Americas at Chemical Market Analytics. Joel joined the company in March 2013 to cover Polyethylene (PE) and Polypropylene (PP) in North America. He began his career in 1999 with polyolefins manufacturer Solvay Polymers, which later became Ineos, in technical services and product development before he moved into field sales. After five years at Solvay Polymers, Joel moved into resin distribution sales for both Muehlstein and then United Polychem as a Product Manager, where he managed and sold polyethylene and polypropylene resins into various customer segments. In his most recent role before joining Chemical Market Analytics (CMA), Joel was a purchasing manager for Silgan Plastics, a major blow-molding and injection molding plastics converter. He has brought a wealth of industry knowledge to Chemical Market Analytics through multiple stints along the plastics value chain. Joel works closely within the Americas with resin producers, converters, and third parties covering the polyolefin markets. Joel speaks regularly around the world as a polyolefin market expert. He is the service leader of three market advisory subscription services: The Global Plastics and Polymers Report, the North American PE Report and the North American PP Report. Joel graduated from The Massachusetts Institute of Technology in 1999 with a Bachelor of Science in Chemical Engineering and a minor in psychology. — —  

Terrine Ooi Associate Director, North America Polyolefins

Terine Ooi is the Associate Director for North America Polyolefins at Chemical Market Analytics. Terine has over a decade of invaluable experience working within the petrochemicals sector. After graduating as a Chemical Engineer, she commenced her professional journey as a process engineer at Upstream Development and Engineering Inc. for two years before joining the prestigious IHS company in 2012. From 2012 to 2019, Terine served as a senior consultant for the Chemical Consulting team. Throughout this time, she led and supported numerous projects, ranging from market and feasibility studies to market competitive assessment and financial analysis. Her contributions were instrumental in guiding clients through the complex landscape of petrochemical investments, whether they sought to penetrate new markets or acquire existing assets. Subsequently, Terine embarked on a new chapter, transitioning to the polyolefin research team, where she assumed the role of Associate Director of Polyolefins. She is responsible for managing the development of supply and demand forecasts, price forecasts, and daily analytical tasks. Her commitment extends beyond data analysis; she actively engages with clients, fostering meaningful connections and equipping them with the latest market insights to facilitate well-informed decision-making processes. Terine has a Bachelor of Science degree in Chemical Engineering, complemented by a Chemistry minor from The University of Houston.

Javier Ortiz Executive Director, Global Engineering Resins Chemical Market Analytics by OPIS

Javier Ortiz is the Executive Director of the Engineering Resins market at Chemical Market Analytics. Javier Ortiz is the global lead for the Global Engineering Resins service at Chemical Market Analytics, with product coverage responsibilities in North and South America for ABS and polycarbonate. Prior to his current position, Mr. Ortiz led methanol market coverage in the Americas for Chemical Market Analytics from 2019 to 2024. He began his consulting career at CMAI (Chemical Market Associates, Inc.) in 2007 as a research analyst for the North and South American synthetic fibers market, primarily focusing on the polyester and nylon supply chains. He was subsequently appointed global leader of CMAI’s senior research analyst group while taking over consulting coverage of the nylon raw materials markets in the Americas. Before joining the IHS Markit base chemicals business (now known as Chemical Market Analytics) Methanol team, Mr. Ortiz was part of its Plastics group for nearly a decade, where he led coverage of the Latin American polyolefins market, directed the QuiMax Latin American consulting service, and was also responsible for polystyrene market research in the Americas. He holds a degree in industrial engineering and a minor in business administration from Texas A&M University, US.

Nick Vafiadis Vice President, Global Plastics & Polymers Team Lead Chemical Market Analytics by OPIS

Nick Vafiadis is the Vice President of the Plastics & Polymers business at Chemical Market Analytics. 34 years, including critical roles in sales, sales management, product management, and business line management in the plastics, surfactants, and consulting industries. Nick is a 30+ year chemical and plastics industry veteran and manages Chemical Market Analytics' global plastics practice. Nick’s daily responsibilities include analysis, consulting, and reporting on the global polyolefins market and managing global operations associated with producing and developing various plastics reports. Concurrently, he contributes to single-client projects and studies related to the polyolefins industry. In his earlier assignments, he was responsible for consulting duties associated with the Chlor-alkali and vinyl product chain. He has contributed to the Monomers Market Report, the Chlor-Alkali Market Report, and the Global Plastics & Polymers Market Report. He has been with Chemical Market Analytics and its predecessor companies since 2002. Before 2002, he spent twelve years with Vista Chemical Company, where he held assignments in marketing, product management, and sales management in the vinyl and surfactant business areas. Mr. Vafiadis holds a Management BBA from The University of Texas at Austin, United States.

Marcelo Wasem Director, Americas Purified Terephthalic Acid | Polyethylene Terephthalate Chemical Market Analytics by OPIS

Marcelo Wasem is the Director of Americas Purified Terephthalic Acid (PTA) and Polyethylene Terephthalate (PET) at Chemical Market Analytics. Marcelo Wasem is the director of PET and PTA in North America at Chemical Market Analytics. Throughout his tenure with the company, he has shouldered diverse responsibilities spanning various product categories. With more than 20 years of industry experience, Marcelo is a pivotal asset within the organization, offering invaluable understanding and insights into the aromatics sector of the petrochemical industry. In the North America region, Marcelo collaborates closely with the petrochemical and plastic industries and brand owners, providing support and guidance across the entire petrochemical chain. His primary focus is managing the Global PET Stream reports, which delve into the Purified Terephthalic Acid (PTA) and Polyethylene Terephthalate (PET) markets. Additionally, he plays a role in developing World Analyses for PTA/DMT and Polyester, conducting supply and demand analyses, and offering price forecasts for both the short and long term. At Chemical Market Analytics, Marcelo previously covered the orthoxylene market and polyurethane feedstocks, such as propylene oxide and polyether polyols. Throughout his career, Marcelo has held various roles within the petrochemical industry, encompassing work with feedstocks, energy, and the commercialization of petrochemical products. He also worked on a project to recycle waste tires using a pyrolysis process. Marcelo holds a bachelor’s degree in plastics engineering and specializes in business finance.  
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