Highlights from ChemOrbis Gaziantep Petrochemicals Summit
Mr. Graham Hoar from Nexant Inc. opened the first session with his presentation titled "Global Olefins and Polyolefins Markets: Impact of New Supply". Hoar focused on the prevailing dynamics in the energy and petrochemical markets as well as the main reasons behind the need for new capacities across the world. He said that each region has its own unique feedstocks and market position that shape investment trends.
Following Hoar, Sameh Attalah, Sadara Product Director at the Dow Chemical Company focused on the importance of technological innovation and the sustainable development in the flexible packaging industry. According to Attalah, innovative developments in packaging industry will help decrease food waste and material use, increase recyclability of flexible packaging and provide solutions to recover value from waste when recycling is not possible. Attalah also said it is necessary to develop de-polymerization or chemical recycling technologies to convert used plastic packaging into valuable feedstocks which can be used to make new polymers.
Next, Ozlem Derici Sengul, co-founder of Spinn Training &Consulting, shifted the focus to Turkish economy with her presentation titled "Turkish Economy Under the Global and Regional Headwinds." She evaluated the current economic fundamentals in Turkey in the light of global economic conditions, political developments across the region and international agencies’ evaluations regarding the economic performance.
In his presentation titled "Turkish Plastics Industry: Unstoppable Growth and Opportunities in the Future", Barbaros Demirci, a consultant to PAGEV, said that Turkey has an important role in the global plastics industry with its plastic product imports worth $2.6 billion as well as its exports worth $4.5 billion to more than 200 countries. Demirci also highlighted the importance of the plastics use in terms of the economy, employment, innovation as well as sustainable development.
The next presentation was made by Andrea Borusso from Borusso Polymers. In his presentation, Borusso pointed out the key developments and outlook of major supply centers and markets as well as key resins and their growth. “If crude oil prices escalate to $80-90/barrel at the time, naphtha/steam crackers will lose attractiveness against PDH units,” he commented.
After Andrea Borusso, Peyman Hashemi, Senior Petrochemical Market Analyst of Persian Gulf Petrochemical Industry Commercial Co. (PGPICC) stated during his presentation that after the sanctions were eased, new financing opportunities emerged and these positive developments led Iranian companies to enjoy strategic partnerships all around the world.
In the last session, Dr. Ali Yesilyurt, Director for Market Surveys at Petkim, talked about the future of Turkey’s PVC market in his presentation, pointing that Turkey’s PVC consumption might be hampered by a series of factors including the slower economic growth in the recent years, the increasing number of environmental regulations across the board and the fact that recycling consumption is gaining momentum.
The Summit was ended by the presentation titled, "A Horizon Tour in Plastics Industry with Golden Rules and Proverbs" by Kurt Kuruc, General Director of Pentaplast Klockner, Turkey. Kuruc underlined the importance of sectoral cooperation and creating value-added output by making optimal use of limited supplies.
More free plastics newsPlastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...
- June expectations surface in Mid-Eastern, African polyolefin markets
- China’s local PVC market retreats from 8-month high
- Initial June PE offers to SEA signal firming despite buyers’ resistance
- Firming in ethylene lags behind propylene in Europe
- PET rally stalls in China after prices hit four-and-half-year high
- Asian PS retains firming path on supportive upstream
- June PE outlook under discussion in Europe
- Taiwanese major lowers June PVC offers to Asia despite firm China
- Local PP markets cautiously firmer in Vietnam, Indonesia
- Global ethylene prices continue to defy energy rally