Learn about the petrochemical value chains and the fundamentals that drive the business
The petrochemical industry is interlinked and developments in different parts of the petrochemical value chain can have an effect on your business.
Understanding the different petrochemical value chains and their end uses, how these chains interconnect, the processes and the raw materials for making petrochemicals, and what kind of changes are expected in the petrochemical business, will help you to make better informed business decisions.
Joining this course ensures that you can quickly get up to speed and source the expertise you need to operate effectively in this complex market.
Register for our upcoming courses in:
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Learn about:
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Olefins and aromatics: After an introduction to petrochemicals and terminology, we first look at the main value chains and end-uses for the three main olefins – ethylene, propylene and butadiene. We then carry out a similar exercise with the main aromatics – benzene, toluene, paraxylene and orthoxylene. After each presentation, an exercise in building the chains follows.
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Examining the oil industry and its relationship with petrochemicals: Oil refinery processes are discussed and the role petrochemicals play in the refinery. Information on crude oil reserves, production and consumption is included.
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Natural gas, methanol and ammonia: The source of natural gas and its different components is explained including the liquefied natural gas value chain. We look at the main uses for methanol and ammonia, two common chemicals made from natural gas. A further presentation considers the use of coal for making petrochemicals.
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Chlor-alkali chain introduced: To complete the picture, we examine chlorine and caustic soda, and how these products can impact on petrochemicals.
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The global petrochemical business: This is examined by looking at chemical production and growth, and who the main players are. We explore the growing influence of China and the increasing role of the Middle East with its huge competitive advantage, and how this will play into the business. Further papers look at regional issues and provide an update on M&A activity.
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Introduction to pricing and markets: We cover factors that influence price and how prices are set in the market. Types of pricing and price jargon are explained.
Get hands-on practice
During the course you will also have an opportunity to put some of the learning into practice. This helps reinforce the information given in presentations and helps you see how the different chains interact. Excercises will also allow for group discussion on issues and topics not covered earlier.
Who should attend?
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New entrants to the industry and support staff already working in petrochemicals
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Those with some experience who want a refresher course and an overview of the key issues affecting the chemical industry
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Purchasers of products based on petrochemicals who want an understanding of issues upstream of their businesses
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Oil and gas players who sell feedstock to petrochemical producers
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Manufacturers of finished products who buy raw materials sourced from the petrochemical industry
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Service providers, including logistics companies and the financial community
Delegates from over 200 companies and organisations covering a wide spectrum of activities such as ADM, Bayer, Citigroup, IKEA, Mitsui Chemicals, Procter & Gamble, SABIC, Shell, Syngenta, Vopak and LyondellBasell have already attended ICIS training courses. Join them today.
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Petrochemicals I – an in-depth introduction
