COURSE OBJECTIVE:  

Thailand’s petrochemical industry is a relatively new, promising business.  As the name “Petrochemical” implies, it is derived from petroleum.  And having our own petroleum resources discovered in mid-1970’s has radically changed the strategy of growing this industry.  Understand the synergy, the tug-of-war between the two businesses.  Meet the “Seven Sisters” in petrochemical industry.  Gain better understanding on upstream, intermediate, and downstream petrochemicals.  See how Thailand figures in the world market.  How does cyclicality work in the petrochemical world… how do the profitability cycles get shortened and lengthened?  Learn how alternative processes and human ingenuity produce profit in the face of adversity, how to keep track of the dynamic petrochemical industry and compete successfully.

COURSE OUTLINE:

þ  TOWARDS UNDERSTANDING THE PETROLEUM AND PETROCHEMICAL INDUSTRIES SYNERGY

+  Petroleum-Petrochemical Synergy:  Fuel of Feedstock

þ  PETROCHEMICAL INDUSTRY STRUCTURE

+  Upstream Petrochemical Products 

+  Upstream Petrochemical Process

+  Intermediate Petrochemical Products 

+  Downstream Petrochemical Products

+  Where is Thailand Today?

þ  PETROCHEMICAL INDUSTRY FUNDAMENTALS

+  Main Features             

+  Economic Concepts                

+  Success Factors 

+  Energy Cost vs. Chemical Profits (U.S. Picture):  The Fight You Can’t Avoid But Can’t Win

þ  THE CHANGING PICTURE OF WORLD PETROCHEMICAL INDUSTRY: YESTERDAY & TODAY

þ  WHAT IS THAILAND’S POSITION?

+  Thailand's Competitive Position in East Asia Market

+  Thailand's Plastics Processing Industryþ  SOME PRODUCT FUNDAMENTALS

+  Ethylene: Driver of Petrochemical Industry and Outlook for Crackers Profitability

+  Get to Know Propylene a Little Better: The Tight Natural but not a High Price of Propylene

+  The EDC/ VCM/ PVC Headache: How to Balance the Caustic Soda

+  Benzene & P-Xylene:  the Siamese Twins but with Opposite Characters

+  Thermoplastics: Interchangeable Substituting

+  Polymers Worldwide Overview

þ  MARKET PRICE STRUCTURE

þ  PETROCHEMICAL MARKETS AND THE LURKING ISSUES

        + Past and Future of the Olefins Markets: What Implications for Thailand?

+  China is in Central Stage… but India:  Ooops, Watch Out!

+  Strategic Issues Impacting Olefins Market:  Is Gas Feedstock Central to the Issues?

Note: PTIT highly recommends that all participants who would like to attend this course must have already attended the course on "Introduction to

          Petroleum & Petrochemical Businesses", "Business Concepts in the Oil Industry" and "Business Concepts: Natural Gas Industry in Its Value Chain" -

          in order to maximize their understanding and get a clear perspective of the total hydrocarbon business value chain.