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October . 2015 October . 2015 October. 2015
October . 2015 October . 2015
PETROCHEMICAL INDUSTRY
MAJOR CHALLENGES
Coal in China
China is using MTO/MTP technology to manufacture olefins from
its low-value coal reserves
The European position
Petrochemical production is under impact of ethane from US
shale gas and fluctuation in oil price.
Middle East
Future LNG export competition with USA and geopolitical issues
and area challenges.
North America; Shale gas
Investment in new ethane crackers in North America will lead to
exports of competitive ethylene derivatives
2
October . 2015 October . 2015
PROVEN OIL AND GAS RESERVES
US
5% Russian
Federation
17%
Iran
18% Qatar
13%
Saudi
Arabia
4%
S. & Cent.
America
4%
Europe &
Eurasia
14%
Africa
8%
Asia
Pacific
8%
Other
World
9%
Natural Gas; Proved Reserves
(End of 2013)
North
America
14%
Venezuela
19%
Russian
Federation
6%
Kazakhstan
2%
Iran
10%
Iraq
9%
Kuwait
6%
Saudi
Arabia
16%
United
Arab
Emirates
6%
Africa
8%
Asia Pacific
3%
Other
World
1%
Oil; Proved reserves
(End of 2013)
Source: BP Statistical Review of World Energy June 2014
1688 Thousand million barrels 185.7 Trillion Cubic Meters
3
October . 2015 October . 2015
WORLD ENERGY CONSUMPTION BY FUEL TYPE,
1990-2040
4
(qu
ad
ril
lio
n B
tu)
Source: EIA - International Energy Outlook 2013
October . 2015 October . 2015
IRAN PETROCHEMICAL OUTPUT
CAPACITY GROWTH
18.2 20.4
29.2
38.1
44.0
49.5 51.1
54.5 57.1
60.0
0
10
20
30
40
50
60
70
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Mil
lion
Ton
s
5
October . 2015 October . 2015
IRAN PETROCHEMICAL EXPORT AND
DOMESTIC DEMAND
5.2 5.2 6
9.5
12.3
14.2
17.9 18.2
15.8
13
4.8 4.9 6.1 6.4
7.6 7.9
10.5 12
13.3 14.5
0
4
8
12
16
20
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Mil
lio
n T
on
s
Export Domestic Demand6
October . 2015 October . 2015
Chabahar
Special
Economic Zone
Petrochemical
Special Economic
Zone
Pars Special
Economic - Energy
Zone
Sarakhs
Qeshm Kish
Lavan
North Pars
Tehran
Caspian Sea
Iranshahr
PETROCHEMICAL DEVELOPMENT ZONES
7 Jask
October . 2015 October . 2015
PARS SPECIAL ECONOMIC/ENERGY ZONE
Assaluyeh 8
October . 2015 October . 2015
CAPACITY BY THE END OF 2012
0.1
2.7 3.1 5.4
10.3 10.6
14.2
14.5 18.2
20.4
51.1 54.5
57.1
0
10
20
30
40
50
60
42 44 46 48 50 52 54 56 58 60 62 64 66 68 70 72 74 76 78 80 82 84 86 88 90
Mil
lion
Ton
s
Bandar Imam 1st Phase SHIRAZ
KHARG
ARAK,BANDAR IMAM(2nd phase)
SHIRAZ,RAZI2 ABADAN,RAZI
BISOOTUN,3RD METHANOL(FANAVARAN),EPOXY REZIN(KHUZESTAN)
1ST SHAHID TONDGUYAN,BUALI SINA
HDPE(AMIR KABIR), MTBE(BANDAR IMAM)
BANDAR IMAM,METHANOL(KHARG),(P.X.)TABRIZ
SHAHID TONDGUYAN-2,PTA(FANAVARAN),AA&CO(AMIR KABIR,LLD/HD(PARS),7TH OLEFIN( MARUN), ,ETHANE EXTRACTION
4TH UREA&AMMONIA(1ST PARDIS),4TH AROMATIC(NOURI),3RD AMMONIA(RAZI),4TH METHANOL(1ST ZAGROS) ,PC(KHUZESTAN)
EB/SM (PARS),HDPE(MEHR,6TH METHANOL(2ND ZAGROS),2ND AMMONIA(PARDIS),(FARSASHIMI) ,1ST ISOCYANATE (KAROON),EG(LALEH),LDPE 5TH OLEFIN(MORVARID)
3rd NF,POLYMER KERMANSHAH ,BUTEN-1(JAM) , NITRIC ACID(KAROON) , HDPE 11TH OLEFIN (1ST KAVIAN)
PET 1(TONDGUYAN),FAJR2,9TH OLEFIN((ARYA SASOL),10th OLEFIN(1st phase JAM),5TH UREA&AMMONIA(KERMANSHAH)
LDPE (AMIR KABIR),POLY STYRENE2(TABRIZ), UREA2(PARDIS)
PVC, CHLORINE-ALKALI(ARVAND)
19
62
19
64
19
66
19
68
19
70
19
72
19
74
19
76
19
78
19
80
19
82
19
84
19
86
19
88
19
90
19
92
19
94
19
96
19
98
20
00
20
02
20
04
20
06
20
08
20
10
20
12
9
October . 2015
10
October . 2015 October . 2015
PROJECTS UNDER IMPLEMENTATION
No. of Plans 67
Design Capacity 61 Million Ton/Year
Products Value 32 Billion USD/Yr
Average physical Progress 20%
Total Capital Investment 39 Billion $USD
11
October . 2015 October . 2015
WEST ETHYLENE PIPELINE
12
October . 2015 October . 2015
METHANOL PROJECTS UNDER IMPLEMENTATION
No. Name of Project Name of Company Capacity
1000T/Y
Progress
(%)
1 10th Methanol Kaveh PC 2310 65.85
2 7th Methanol Marjan PC 1650 22.41
3 8th Methanol Sabalan PC 1650 17.55
4 9th Methanol Dena PC 1650 17.48
5 11th Methanol Veniran Apadana PC 1650 9.5
6 12th Methanol Middle East Kimiya Pars Co. 1650
7 13th Methanol Di Polymer Aryan PC 1650 10
8 14th Methanol Arman Methanol Co. 1650 11.37
9 15th Methanol Siraf Energy PC 1650 18.56
10 1st Ammonia-Methanol Arg Shimi Parsa Co. 990 11.04
11 2nd Ammonia-Methanol Lavan Industry Exp. Co. 990 8
12 16th Olefin-Methanol Bushehr PC 1650 10.39
Sum 19140 13
October . 2015 October . 2015
EXISTING METHANOL CAPACITY
No. Name of
Project Name of Company
Capacity
1000T/Y
1 1st Methanol Shiraz PC 84
2 2nd Methanol Kharg PC 660
3 3rd Methanol Fanavaran PC 1000
4 4th & 5th Methanol Zagros1&2 PC 3300
Sum 5044
14
October . 2015 October . 2015
METHANOL PRODUCTION CAPACITY
IN YEAR OF 2018 - 2019
Plant& Project Capacity
1000 t/y
Existing Plants 5044
Projects under implementation 19140
Sum 24184
15
October . 2015 October . 2015
EVOLUTION OF IRAN PETROCHEMICALS
Basic
Chemicals
● Olefins
● Aromatics
●Chlorine
● Fertilizers
Commodity
Chemicals
Differentiated
Polymers
Performance
Polymers
● EG’s
● PTA
● Methanol
● Styrene
● PE
● PP
● PS
● PET
● ABS
● PC
● Synthetic Rubbers
● Acrylates
● Polyurethanes
Specialty
Chemicals
● MDI/TDI
● Polyols
● Amines
● Ethoxylates
● Glycol Ethers
● PO
Downstream
Industries
16
16
October . 2015 October . 2015
NEW CAPACITY BASED ON
ACHIEVABLE FEEDSTOCK
No. of Plans 36
Design Capacity 60 Million Tons/Yr
Value of Saleable Products 30 Billion USD/Yr
Total Capital Investment 42 Billion USD
17
October . 2015 October . 2015
TOTAL ACHIEVABLE FEEDSTOCK FOR
NEW PROJECTS
Amount Unit Feed Name
4 Million Ton/Year Ethane
5 Million Ton/Year Naphtha / Condensate
100 Million M3/Day Methane
( Natural Gas)
2 Million Ton/Year Propane & Butane
18
October . 2015 October . 2015
SOUTH PARS GAS FIELD PRODUCTS
Gas Phase
Condensate
Methane Ethane LPG
19
October . 2015 October . 2015
In next development plan;
Advantage of Natural Gas
feedstock in Iran, creates the
potential to move towards
MTO, MTP
and
PROPYLENE DERIVATIVES
20
October . 2015
21
October . 2015 October . 2015
IRAN’S SHARE OF THE WORLD AND MID
EAST ETHYLENE CAPACITY
The international trade of ethylene is quite limited due to expenses associated with
transportation. As a result, most ethylene that crosses international borders is in the form of
derivative chemicals, such as polyethylene, ethylene glycol, and EDC.
4
22.1
7
32
7.5
32
0
10
20
30
40
World Middle East
Per
cen
t
2015 2020 2025
October . 2015 October . 2015
4
20
6.6
33
6.7
35
0
20
40
60
80
100
World Middle East
Perc
en
t
Capacity
2015 2020 2025
2.9 10.8
15.5
46.4
16.9
47.8
0
20
40
60
80
100
World Midlle East
Perc
en
t
Trade
2015 2020 2025
IRAN’S SHARE OF THE WORLD AND MID EAST
POLYETHYLENE CAPACITY & TRADE
October . 2015 October . 2015
4 12
5.8
19
8.5
24
0
20
40
60
80
100
World Middle East
Perc
en
t
Capacity
2015 2020 2025
5.8 6.7 13.3
22.5
13.8
22.4
0
20
40
60
80
100
World Middle East
Perc
ent
Trade
2015 2020 2025
IRAN’S SHARE OF THE WORLD AND MID EAST
ETHYLENE GLYCOL CAPACITY & TRADE
October . 2015 October . 2015
1
12
2.2
19
6.5
37
0
10
20
30
40
World Middle East
Perc
en
t
2015 2020 2025
IRAN’S SHARE OF THE WORLD AND MID EAST
PROPYLENE CAPACITY
International trade of propylene monomer is quite limited because of the costs of
transporting highly pressurized or refrigerated liquids. Most of the propylene trade
crossing international borders is in the form of derivative chemicals, such as
polypropylene and acrylonytrile.
October . 2015 October . 2015
2
11
2.3
19
7.7
47
0
20
40
60
80
100
World Middle East
Pe
rce
nt
Capacity
2015 2020 2025
0 0 5.1
21.1 23.6
39.4
0
20
40
60
80
100
World Middle East
Pe
rce
nt
Trade
2015 2020 2025
IRAN’S SHARE OF THE WORLD AND MID
EAST POLYPROPYLENE CAPACITY & TRADE
October . 2015 October . 2015
5
31
13.9
68
20.1
76
0
20
40
60
80
100
World Middle East
Perc
en
t
Capacity
2015 2020 2025
13
33 37.4
65.8
28
55.6
0
20
40
60
80
100
World Middle East
Perc
en
t
Trade
2015 2020 2025
IRAN’S SHARE OF THE WORLD AND MID EAST
METHANOL CAPACITY & TRADE
Iran has the potential to take about 50% of global trade in 2017.
Most of methanol capacities in future projects, will be used to produce olefins through
new technologies (MTO and MTP).
October . 2015 October . 2015
2
23
4.7
44
5.2
44
0
20
40
60
80
100
World Middle East
Perc
en
t
Capacity
2015 2020 2025
3.3
19.2
11.4
48
13
40
0
20
40
60
80
100
World Middle East
Perc
en
t
Trade
2015 2020 2025
IRAN’S SHARE OF THE WORLD AND MID.
EAST AMMONIA CAPACITY & TRADE
October . 2015 October . 2015
2
24
5.8
44
6.6
44
0
20
40
60
80
100
World Middle East
Perc
en
t
Capacity
2015 2020 2025
5.6
19.8 24.4
46.5
27.8
50.8
0
20
40
60
80
100
World Middle East
Perc
en
t
Trade
2015 2020 2025
IRAN’S SHARE OF THE WORLD AND MID
EAST UREA CAPACITY & TRADE
October . 2015 October . 2015
24%
20%
14%
20%
5%
7%
10% Middle East
Africa
S.E. Asia
Aus/PNG
S. America
Others
US/Canada
34%
23%
22%
9%
7% 5%
2013
278 mmtpa
2020
413 mmtpa
30
October . 2015 October . 2015
31
October . 2015 October . 2015
32
October . 2015 October . 2015
33
October . 2015 October . 2015
34
October . 2015 October . 2015
EXPANSION OF PANAMA CANAL
35
October . 2015 October . 2015
THE PANAMA CANAL
Rising U.S. shale-gas output is reshaping global energy
markets. The Panama Canal enlargement is central to the
change because the route cuts voyages by more than 7,500
nautical miles (8,500 miles) to Asia, where fuel demand is
growing fastest.
The waterway, handling 5 percent of world trade and shipping
333 million metric tons in the year to Sept. 30, is used by as
many as 14,000 ships a year, connecting 160 countries and
1,700 ports, according to its website.
http://www.bloomberg.com/ 36
October . 2015 October . 2015
THE PANAMA CANAL
37
37
October . 2015 October . 2015
EXPANSION OF PANAMA CANAL
“The Panama Canal is definitely good news for east
Asia, and it’s where the highest global prices for
LNG are,” Svenning said. His company is putting
together deals to build vessels to ship the fuel that
are based on using the canal for long-term charters,
he said.
http://www.bloomberg.com/ 38
October . 2015 October . 2015
39
October . 2015 October . 2015
40
October . 2015 October . 2015
41
October . 2015 October . 2015
42
October . 2015 October . 2015
GENERAL INFORMATION ON THE NEW LOCKS
43
October . 2015 October . 2015
44
October . 2015 October . 2015
45
October . 2015 October . 2015
CONCLUSION
Petrochemical demand will remain tied to GDP growth
Geopolitical factors influence investments
Average global olefins feedstock slate will become
heavier
Switching to lighter feedstock will increase the demand
for stand-alone plants to produce propylene
46
October . 2015 October . 2015
CONCLUSION – CONT’D
Petrochemical industry plays a great role in GDP
growth rate
Shortage of basic petrochemicals will be resolved
It will produce a variety of products currently not
available in Iran
New technologies will be used in the industry
Huge opportunity for more down-stream industries
contribution to GDP
Appropriate areas for cooperation with foreign
investors in Up-stream and Down-stream of
petrochemical industry
47
October . 2015 October . 2015
48