China Petrochemical Summit 2010

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. More>>

Greetings from Organizer

No one will dispute that Asian economic growth is powering steadily ahead, led by China, and petrochemicals players are benefitting. But many producers have told me that they are not expecting a great deal from 2010. Markets are still clouded with uncertainties despite signs of the global recovery. Will demand grow as fast as production capacity? Will output return to normal in the year? Will crude value stay within an optimum level? Will government stimulus continue? Will margins remain as good as they were in 2009? This is only part of the reasons that I am inviting you to attend the 3rd Annual China Petrochemical Summit.

We had experienced a couple of the best quarters in the latter half of 2009 and some companies were able to recover at least part of their losses earlier on. I trust that attendees will go home better equipped to make the right decisions in the next years to come. I reckon the summit will provide a direction for the industrial participants in their search for more profitable businesses.

Mr. Alfred Wong
Editorial Director
CBI China

Asian petrochemicals demand hinges on China’s appetite for raw materials and is increasingly dependent on GDP growth hitting above 8%. Furthermore, volatility in crude oil prices, weak economies in Europe and the US spells, increasing dependence on the Chinese growth engine to fuel global demand for automobiles, infrastructure and consumer goods. Can China lead the way out of a global recession?

Asian and Middle Eastern petrochemical exporters to China are bracing themselves for tougher market conditions as new capacities come on stream in 2010 amid uncertain economic times. Efforts to scale back stimulus packages could draw the risk of a “double dip” recession, derailing any recovery in petchems demand.

This summit hopes to bring together industry leaders from the petrochemicals sector to share their opinions on an increasingly complicated industry landscape and make sense of what is in store for the future.

Mr. Steve Tan
Managing Editor
ICIS Asia

CPS2009 Speakers Review More>>

Chen Dongqi
Vice President
Academy of Macroeconomic Research of NDRC
Head
Economy Research Division, NDRC

Li Chengfeng
General Manager
Sinopec Chemical Sales Company

Shu Zhaoxia
Chief Expert
Economics & Development Research Institute, Sinopec

Zhang Fuqin
Deputy Chief Engineer
PetroChina Planning & Engineering Institute

Feng Shiliang
Deputy Secretary General
China Petroleum and Chemical Industry Association (CPCIA)

Aliashraf Ahmadi
Chairman & Managing Director
Iran Petrochemical Commercial Company International Ltd.

Why You Should Attend? More>>

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

Who will attend? More>>

President / Managing Director / Vice President
CEO / COO / Chief Representative
General Manager / Deputy General Manager / Director
General Manager / Deputy General Manager of Strategic Development
Business Development Director / Manager
Supply Chain Director / Manager
Sales Director/ Manager
Marketing Director / Manager
Purchasing Director / Manager