Summit Background

The demand for petrochemical products is driven by GDP growth. China is successfully maintaining its 8% growth in 2009, despite the devastating impact of the global financial meltdown. The downstream demand of China's petrochemical industry is determining the future of the stagnant Asian market or even that of the world. Research has revealed that by 2015, 60% of world's petrochemical growth will be in Asia, where China will take up at least 50% of the market share. As the biggest petrochemical market in Asia and an important driver for world's petrochemical industry, China is an attractive destination to which many multinational petrochemical businesses are relocating their productions. This trend is proven by the projects in 2009.

Evidently, the credit crunch has taken a heavy toll on the petrochemical industry of Asia – production has shrunk; the price has taken a nosedive; inventory surged up; working capital fell short; the performance of petrochemical businesses deteriorated gravely. Signs of recovery have emerged in Asia, but a thorough recovery of global economy will take time and require concerted efforts. According to some experts, petrochemical industry of Asia will fully recover only after 2012. Nevertheless, there is hope in sight, as a variety of petrochemical projects have been announced and launched in Middle East, China, India, Thailand, Singapore, etc.

Once again, 3rd Annual China Petrochemical Summit remains rooted in China. It closely watches the petrochemical markets of Asia and other parts of the world. This year's summit theme is perspectives of the global petrochemical industry powerhouse. Many topics will be elaborated on, ranging from the macroeconomic trend and China's adjustment of its production capacity, to the capacity launch in Middle East and petrochemical strategies of emerging economies, as well as mergers and acquisitions, technological upgrading, optimization of products portfolio, etc. This high-level forum aims at assisting industry insiders to accurately grasp the status quo and prospect of petrochemical industry.

Why You Should Attend

Grasp macro economic trend, analyze adjustment of China petrochemical capacity distribution
Discuss impact of Middle East capacity release on petrochemical market in China and Asia
Understand development strategy of Asia petrochemical industry and latest trend of global
petrochemical industry
Showcase advanced industrial solution to boost efficient sustainable development of
petrochemical industry