New Report Available: Malaysia Petrochemicals Report 2015

Malaysia is set to end the decade with a major increase in petrochemicals capacity, but BMI's latest Malaysia Petrochemicals Report warns that new plants will be dependent on imported crude oil and be forced to compete with low-cost ethane-based US producers.

The focus of development will be P etronas' refinery and petrochemical integrated development (RAPID) project in Pengerang, which is likely to be completed in 2019. It is set to have around 300,000b/d of refinery capacity and over 7mn tonnes per annum (tpa) of petrochemicals capacity. RAPID has been delayed due to concerns over its economic viability due to rising costs and falling domestic crude oil volumes at a time when the US is planning to boost petrochemicals production using competitively priced ethane derived from shale.

Other Petronas projects include its joint venture (JV) with BASF to invest in the manufacture of non-ionic surfactants, methanesulfonic acid, isononanol and other C4-based specialities at the site. Additionally, its Sabah Ammonia and Urea (SAMUR) project, initially scheduled for completion by end-2014, was delayed after critical equipment was destroyed in transit to the site. The SAMUR project is an integrated plant with a nameplate urea capacity of 1.2mn tpa. Commercial production is now not expected until 2015/16.

Full Report Details at
- http://www.fastmr.com/prod/938425_malaysia_petrochemicals_report_2015.aspx?afid=301

* The Asian petrochemicals market will be highly competitive as market growth slows and US producers flood the region with products.
* While RAPID's new refinery is likely to use the cheaper sour and medium grades from abroad, the total amount of crude oil imported looks to exceed the total amount of light, sweet crude that Malaysia can export. As a result, cost of production at the petrochemicals complex will be influenced by the global crude markets.
* The automotive industry is set to post steady growth of around 6.0-7.5% per annum over the next five years, fuelling growth in engineering plastics and rubbers supplied to the automotive parts segment. Meanwhile,...

The Malaysia Petrochemicals Report has been researched at source, and features Business Monitor International (BMI)'s market assessment and independent forecasts for key petrochemicals sub-sectors. The report also analyses the impact of regulatory changes, recent developments and the background macroeconomic outlook and features competitive landscapes comparing companies by products and services, sales, market share, investments, projects, partners and expansion strategies.

BMI's Malaysia Petrochemicals Report provides industry professionals and strategists, sector analysts, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Malaysian petrochemicals industry.

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