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Follow on Google News | "Algeria Petrochemicals Report Q3 2011" is now available at Fast Market ResearchRecently published research from Business Monitor International, "Algeria Petrochemicals Report Q3 2011", is now available at Fast Market Research
The start-up date of the 1mn tpa methanol complex planned by Sonatrach, to be built by a consortium of companies led by Kuwait's Qurain Petrochemical Industries Company (QPIC), has been pushed back to 2014. Sonatrach had planned to begin commercial operations in 2012, but restructuring of the company and its apparent desire to renegotiate its contract with its exasperated partners means that production will be delayed. As a result, costs could rise and BMI believes there is a danger that the project's capacities could be reduced. The move comes after the completion of the Arzew petrochemicals complex was delayed until 2014, ostensibly to coincide with a full recovery in the European market and avoid the negative effects of the massive increase in Asian and Middle Eastern capacities in 2009-2011. By tapping into locally available gas resources, the country's development of an ethane-fed petrochemicals chain will enable Entreprise Nationale de l'Industrie Petrochimique (ENIP), in its JV with Total Petrochemicals and Qatar Petroleum, to undercut European plants. With 1.1mn tpa of ethylene production capacity and integrated downstream plants and low labour costs, the US$3bn petrochemical complex being built at Arzew should be more economic and efficient to run than smaller and often isolated European facilities. ------------------------------------------------------------ Full Report Details at - http://www.fastmr.com/ ------------------------------------------------------------ However, delays in capacity will not only raise costs and reduce margins in the long term, they will create a more uncertain business environment that will undermine the industry's progress and put at risk its significant cost advantages in terms of domestic natural gas feedstock availability. Sonatrach has already scaled back its ambitious plans announced in early 2005 for large petrochemical plants from seven to two. The integrated purified terephthalic acid (PTA) and polyethylene terephthalic complex, as well as a linear alkyl benzene complex were shelved due to a lack of interest. The naphtha/condensate steam cracker, a fuel oil catalytic cracker at Skikda, and an integrated propane dehydrogenation (PDH) and PP plant at Arzew have been 'deprioritised'. At the same time, Algeria is focused on low added value production with focus on commodity chemicals that are highly price responsive to market fluctuations and easily undermined by capacity elsewhere in the world. The industry is far from competing on equal terms with European petrochemicals producers in terms of product diversification. In the Middle East and Africa Petrochemicals Business Environment Ratings, Algeria is in 10th place with an overall score of 39.5 points, 0.2 up on the previous quarter due to an improvement in its long-term score for structural characteristics of the economy. It lies 7.6 points behind Turkey and 8.7 points ahead of Nigeria. Meanwhile, its petrochemicals- Report Table of Contents: SWOT Analysis - Algeria Petrochemicals Industry SWOT Global Petrochemicals 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) Africa Regional Overview - Table: Africa's Gas Reserves, 2010 (bn cubic metres) - Table: Africa's Oil Reserves, 2010 (bn barrels) - Table: Africa's Cracker Capacity, 2008-2014 ('000 tpa) Market Overview - Market Structure - Table: Algeria Cracker Capacity, 2007-2014 ('000 tpa) Industry Trends And Developments - Upstream - Olefins And Polyolefin - Table: Petrochemical Capacity At The Planned Arzew Complex Business Environment - Petrochemicals Business Environment Ratings - Table: Middle East And Africa Petrochemicals Business Environment Ratings Industry Forecast Scenario - Table: Arzew Complex Capacities, 2014 ('000 tonnes) - Table: Algeria Petrochemicals Sector Overview, 2007-2015 ('000 tpa, unless otherwise stated) - Macroeconomic Activity - Table: Algeria - Economic Activity Company Monitor - Sonatrach 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 - 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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