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Follow on Google News | Indonesia Petrochemicals Report Q2 2011: New research report available at Fast Market ResearchRecently published research from Business Monitor International, "Indonesia Petrochemicals Report Q2 2011", is now available at Fast Market Research
PP production capacity is due to expand in 2011, requiring an increase in propylene supplies upstream. Chandra Asri Petrochemicals is carrying out de-bottlenecking of PP production to increase capacity from 360,000tpa to 480,000tpa from Q211 as well as raising ethylene capacity from 600,000tpa to 1mn tpa. Meanwhile, Pertamina is constructing a new 250,000tpa PP plant at its Balongan complex and Polytama is looking at the expanding its PP capacity from 280,000tpa to 440,000tpa in 2011. The expansion of Tripolyta's PP plant in Merak to 480,000tpa in 2011 will provide an extra 120,000tpa of PP capacity in Indonesia. With domestic PP demand due to reach 1.1mn tpa in 2011, the expansion of capacity at both Merak and Balongan will not be enough to reduce Indonesia's dependency on imported PP. However, BMI also believes that not enough progress was being made to ensure sufficient feedstock supply to the segment. Chandra Asri Petrochemicals also plans to boost PE capacity from 320,000tpa to 540,000tpa some time in 2014-2016. In addition, its subsidiary PT Indonesia Petrochemicals Butadiene is to set up the country's first butadiene plant with capacity of 100,000tpa. The project costs US$100mn and is due to start in June 201. It is scheduled to be completed within two years. Most of its output will be used domestically, with a significant proportion dedicated to production of synthetic rubber for tyres as well as components used in the automotive sector. Indonesia is becoming increasingly attractive as an investment destination for petrochemicals producers, particularly from Taiwan. The country is unable to meet its needs in polymer resins, but at the same time Taiwanese majors are facing constraints in building large refinery and cracker investments in China and are seeking locations with a high availability of raw materials. Taiwan's Chinese Petroleum Corp (CPC) is planning a US$2.8bn petrochemical complex at Kalimantan, which will involve the relocation of a refinery with 100,000-200,000b/ With the petrochemicals industry dependent on the domestic market, economic trends will be crucial to determining the performance of the sector. GDP growth is set to reach 5.9% in 2011 from 5.8% in 2010, which should support output at full capacity. Private consumption and investment growth will continue to power output growth in 2011 as Indonesia embarks on what we project to be a decade of robust economic growth averaging about 6.4%. In response, demand for polymers grew by at least 7% in Indonesia in 2010 and is set to strengthen in 2011 with growth of more than 10%. In the Asia Petrochemicals Business Environment Ratings matrix, Indonesia is 10th out of 12 countries, with 46.7 points, up 0.3 points since the previous quarter due to an improvement in country risks. Indonesia is 7.4 points ahead of the Philippines and 16.7 points behind Australia. Plans for capacity expansion coupled with improved risk could raise the country's petrochemicals rating in the future, but BMI thinks it highly unlikely it will close the rank with Australia or India. For more information or to purchase this report, go to: - http://www.fastmr.com/ Report Table of Contents: SWOT Analysis - Indonesia Petrochemical Industry SWOT - Indonesia Political SWOT - Indonesia Economic SWOT - Indonesia Business Environment SWOT Global Overview - Petrochemicals Market Overview - Financial Results - Global Oil Products Price Outlook - Table: Oil Product Price Assumptions, Q410-Q411 (US$/bbl) - Table: Oil Product Price Data And Forecasts, 2008-2015 (US$/bbl) Emerging Asia Petrochemicals Overview - Table: Asian Ethylene Projects Indonesia Market Overview - Market Structure - Supply And Demand - Table: Indonesian Petrochemical Sector Capacity - PE Segment - Impact Of Rising PE Imports - Other Polymers Industry Trends And Developments - Regulation - Recent Developments - Upstream - Table: Refineries In Indonesia - ASEAN-China FTA - Mergers And Acquisitions Petrochemicals Business Environment Ratings - Table: Asia Pacific Petrochemicals Business Environment Ratings Industry Forecast Scenario - Petrochemicals Outlook - Table: Indonesia's Petrochemicals Sector, 2007-2015 ('000 tpa, unless otherwise stated) - Macroeconomic Outlook - Table: Indonesia - Economic Activity, 2006-2015 Company Monitor - Chandra Asri (CACP) - Mitsui Chemicals - Petrokimia Gresik (Petrogres) Glossary Of Terms - Table: Glossary Of Petrochemicals Terms BMI Methodology - How We Generate Our Industry Forecasts - Chemicals And Petrochemicals Industry - Cross Checks - Business Environment Ratings - Table: Petrochemicals Business Environment Indicators And Rationale - Weighting - Table: Weighting Of Indicators About Business Monitor International Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports. View more research from Business Monitor International at http://www.fastmr.com/ About Fast Market Research Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156. # # # Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available. End
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