Global Plastics Summit Day 1

Back to Agenda

Session Details

Global Plastics Summit Day 1

Wednesday, 28 February
Expand All Topics Close All Topics
 

Session 1: The Big Picture

Nick Vafiadis, Vice President, Plastics, Chemical Market Analytics 
Dewey Johnson, Senior Vice President and Global Chemical Lead, Chemical Market Analytics by OPIS 
Carlo Barassa, Vice President Energy Insights, Chemical Market Analytics by OPIS 
The turmoil caused by the Russia-Ukraine conflict, and more recently the Hamas-Israel war, has caused nations to reassess their energy strategies amid a more polarized geopolitical climate. Countries can no longer assume the energy transition can be facilitated by unfettered movements of raw materials and climate initiatives. Greater competition for resources and economic growth will prompt some countries to seek energy security at the cost of long-term transition to low carbon sources. Yet other countries will attempt to accelerate their transition plans as a pathway to energy security.
Steve Lewandowski, Vice President Olefins, Chemical Market Analytics by OPIS 

The stage is now set:  4 years of capacity overbuild, economic headwinds as a consequence of COVID-19 and geopolitics, logistics constraints and destocking in the value chain, and another build wave is looming.  This session will cover options and scenarios for how the chain can and does adapt.

Moderator: Nick Vafiadis, Vice President, Plastics, Chemical Market Analytics 
Connect and engage with industry peers, sessions resume at 10:25 AM.  

Session 2: Global Impacts

Kaushik Mitra, Executive Director Polyolefins, Chemical Market Analytics by OPIS 
The European Polyolefin industry is at an inflection point, the linear business model faces serious challenge from cost inflation, erosion of competitive position, demand loss which threatens survival of some players. Energy transition has become a strategic priority in view of war and climate crisis, forcing companies to look at circularity, carbon footprint and resource management in a comprehensive way. No actor can stay on the sidelines, industry must transform to stay competitive and relevant. What does Chemical Market Analytics think about closure scenario, demand evolution, linear/ circular interplay.
Alan Wei, Executive Director, China Polyolefins, Chemical Market Analytics by OPIS
Elevated supply self-sufficiency following burgeoning new capacity additions and the evolvement of technological debottlenecking, continued upswing in domestics demand, and growing export of resins, helped China to gain its concretely leading footing in the global polyolefins market, shifting from being overly reliant on import and making up over 70% of global growth during the period from 2018 to 2022. Speaking of new domestic supply, the surge in the capacities additions stems from the sizable building of diversified feedstock-based capacities and a slew of large-size refinery integrated petrochemical production bases that are driven by government policies. Domestic demand remained posting growth barring slow-down while ailing export of finished products seems apparent owing to the reshuffling of global supply chains amid rising decoupling risks between China and Western countries, inevitably fueling the concerns over formidable oversupply situation. Recently, polyolefins suppliers have been buffeted by a range of headwinds including falling operation rates, market prices edging downward, and the erosion of margin. However, China remains the powerhouse of global manufacturing and recent economic readings have shown some signs of stabilization after a raft of stimulus measures were launched to boost economy in 2023. This presentation is to offer deep insights on the latest fundamentals of supply and demand in China market following macroeconomic movements and its role shift in the global market in previous years and in the road ahead. 
 Moderator: Nick Vafiadis, Vice President, Plastics, Chemical Market Analytics
This panel will consist of senior leaders from leading producers, converters and brand owners who will provide their perspectives on changing international dynamics including overcapacity, evolving energy impact, shifting trade patterns, sustainability trends, client customer applications, and more. What is the current and future impact on the market and your business?

Moderator: Nick Vafiadis, Vice President, Plastics, Chemical Market Analytics by OPIS

Speakers:
Laura 
Chamorro, General Manager, Shell Polymers, Shell Chemical LLP
Heartland Polymers, Speaker to be announced

Sessions to resume at 1:45 PM

Session 3: Polyethylene & Polypropylene Overview

Nick Vafiadis, Vice President, Plastics, Chemical Market Analytics 
Global polyethylene markets are facing a multitude of challenges. Record capacity additions in China and North America have combined with weak demand and pressured prices, margins, and operating rates in markets all around the world. While some producers are considering shutdowns or production cutbacks, others are either already adding capacity or contemplating expansions. Sustainable alternatives to virgin fossil-based polyethylene are garnering a lot of attention but face economic and scale-related obstacles. Market participants throughout the supply chain are adjusting to these challenges and the industry will continue to adapt. The outlook for this evolving industry will be covered in depth during this presentation.
Joel Morales, Executive Director, Polyolefins Americas, Chemical Market Analytics
Global PP producers are entering an unprecedented period of oversupply that has already resulted in one producer in Europe announcing the upcoming shutdown of a 235,000 metric ton plant and a USA producer announcing the extended idling of a 214,000 metric ton plant. Yet, this is likely just the beginning as China capacity additions have already gone beyond meeting their own domestic needs and creating a significant regional export player. We will discuss how regional producers are expected to survive this trough and what does a low margin environment mean for global converters and brand owners. Will plentiful PP supply result in strong demand or will issues like North American propylene volatility and sustainability pushes in Europe spoil growth potential? Can Asia save the day as it has in the past with strong demand growth? This and more will be discussed.
Moderator: Anthony Palmer, Vice President Circular Plastics & Sustainability, Chemical Market Analytics by OPIS
Connect and engage with industry peers sessions will resume at 3:50 PM.

Session 4: Market Updates

Brendan Dooley, Global Director, Engineering Plastics, Chemical Market Analytics
What’s the forecast for demand and price trends around the world in engineering plastics and is there a signal to buy/sell/hold inventory?

Peter Feng, Executive Director, Styrenics, Chemical Market Analytics by OPIS
PS & EPS markets surged during the pandemic but are now facing facing strong headwinds from multiple fronts. Demand has softened post pandemic, sustainability pressures have increased along with Asian imports. What’s next for PS & EPS?
Ana Lopez, Director Americas Chlor-alkali & Vinyls, Chemical Market Analytics by OPIS
In this presentation we will discuss the supply/demand fundamentals for the short-term outlook in the US and Canada market as well as trade challenges and opportunities.
Moderator: Joel Morales, Executive Director, Polyolefins Americas, Chemical Market Analytics
Joel Morales, Executive Director, Polyolefins Americas, Chemical Market Analytics
Join attendees, speaker, 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.

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 Johnson is Senior Vice President & Global Lead of Chemical Market Analytics by OPIS, a Dow Jones Company (“Chemical Market Analytics”). IHS Markit Global LLC (“IHS Markit”) was acquired by S&P Global in February 2022. As part of the merger, IHS Markit Base Chemicals was spun off and separately acquired by Dow Jones and renamed “Chemical Market Analytics” in June 2022. Dewey is responsible for the global business, including insight and research covering the major chemical value chains including Aromatics and Fibers, Olefins and Derivatives, Inorganics (chlor-alkali, vinyls, and soda ash), Plastics and Polymers, and Syngas Chemicals (methanol, acetyls, and ammonia). Dewey is based in Houston. Prior to Chemical Market Analytics, Dewey joined IHS Markit (through legacy CMAI) in 2009. His experience in the petrochemical industry covers all aspects of the business- financial, commercial, operations, research, strategy design and business planning, business development, as well as consultancy. Prior to IHS Markit, he was with Eastman Chemical Company, where he spent more than 25 years in strategic and commercial roles with various business groups and corporate functions. Dewey held management positions in commercial development, global sourcing, P&L for key businesses, market development, and market & strategic analysis of chemical markets and businesses. Dewey has led multiple complex engagements in strategy development and execution, global sourcing of Aromatics & olefins derivatives and industrial gases, business simulation & game theory and dynamic modeling, sales/ marketing, and business development. Dewey received BS and MS engineering degrees from Tennessee Technological University and Virginia Polytechnic Institute. He also earned an MBA in General Management. Dewey has been a frequent guest lecturer at MIT Sloan School of Management, UVA Darden School of Management, and SUNY at Albany School of Public Policy.

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.

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. — —  

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.  

Alan Wei Executive Director, China Polyolefins Chemical Market Analytics by OPIS

Alan Wei is the Executive Director for China Polyolefins at Chemical Market Analytics. Alan is a result-oriented professional with more than 16 years of experience in Sales & Marketing, Technology, and Product Development, and, finally, assuming the role of analyzing and researching the fundamentals of Supply and Demand for the China Polyolefins market. Proven track record as a versatile Senior manager with demonstrated ability to drive the achievement of results in challenging market environments. In China, he works closely with key partners across the value chain of the petrochemical industry, keeping track of industry evolution and offering insightful studies. His current focus includes overseeing the ‘China Polyolefins Mandarin Report’ and the newly initiated ‘China Polyolefins English bi-weekly Report’ to serve English-speaking audiences globally. Strength in connecting with customers & relationship management with key decision makers, grasping end-use demand commercially and technically. He worked for several top global suppliers and distributors previously. Mr. Wei has bachelor’s and master’s degrees in chemical engineering from East China University of Science and Technology.

Laura Chamorro General Managers Shell Polymers, Shell Chemical LLP

Laura is the Commercial General Manager for Shell Polymers, accountable for all commercial aspects of launching Shell’s reentry into the polymers business with its Shell Polymers Monaca investment. She has spent over 20 years in the chemicals industry, with her experience spanning a variety of marketing, sales, business development, and commercial leadership positions. While her experience is a blend across chemicals, performance chemicals, and polymers markets, most of her career has centered around the polyethylene market, which began at Dow Chemical as an engineering student in 1999. Since joining Shell in 2012, the majority of her 11 years at Shell has focused on the development of the Shell Polymers commercial organization including building the team of polymers experts, shaping the processes and systems to operate the business, and commercial direction around market entry strategies. Laura lives in Houston with her husband and their three children. She enjoys the modern family runaround of raising active children and taking an annual adventure to see the wonders of the globe.

Brendan Dooley Executive Director, Global Engineering Plastics Chemical Market Analytics by OPIS

Brendan Dooley is the Executive Director of the Engineering Plastics service at Chemical Market Analytics. Brendan serves as the Global Executive Director of Engineering Plastics and leads the publication of the monthly Global Engineering Resins Report and the annual World Analysis reports covering polycarbonate, ABS, nylon 6, nylon 66, PBT and POM. He speaks about the costs, prices, capacities, and trade of engineering polymers and contributes to single- and multi-client consulting projects on engineering polymers. Brendan is a chemical engineer and MBA with 30 years of experience in the engineering plastics industry as a North American Sales Director, Managing Director in the United Kingdom, Business Manager in Mexico, Global Automotive Account Director, North American and Europe Product Manager and many other commercial and business management roles across North America and Europe with leading global engineering plastics producers before joining the company in 2015.
TALK TO AN EXPERT

Talk To An Expert

These offers include recommended content or information on upcoming events. I can unsubscribe at any time.

By clicking the button below, you agree to the Dow Jones Privacy Notice and Cookie Notice.