ADVANTAGES:
- Vast land resources.
- Natural deep water.
- Advanced facilities.
- Found in the middle of the oil & gas trading course.
OPPORTUNITIES FOR DEVELOPMENT:
- There is a demand to construct storage capability for the region.
- Center would match Singapore, which currently is the just major independent terminal and storage center in South East Asia.
- Possible for an oil trading company, future development of downstream.
An inflection point in the international plastics market, driven by China and India: After a recent period of slower development and a decoupling from global petrochemical trader development, we now expect the greatest period of ethylene demand development in the past Twenty Years. We anticipate that in the next 5 years, incremental yearly usage in China and India alone will equate to the complete present consumption in the United States, up until just recently the world's biggest ethylene consumer, and still responsible for 15 % of the market.
Our worldwide supply/demand design suggests ethylene utilization rates will tighten. We anticipate strong need development, balancing 5.6 % in 2009-- 14, as well as anticipate the supply outlook to enhance. The credit crunch has actually halted infrastructure investment by industry titans, and the Middle East appears to be tiring feedstock quotas. Therefore, international capacity ought to grow at just 2.3 % in 2011-- 14. Application rates are set to tighten up from 85 % today to 92 % in 2014, leading to enhancing margins and returns globally.