New market study, "Indonesia Petrochemicals Report Q4 2014", has been published

Strong growth in petrochemicals capacity should improve Indonesia's self-sufficiency, but it will still need to import products. However, BMI's latest Indonesia Petrochemicals Report warns the country's naphtha-fed sector is competing with low-cost ethane-based producers in the Middle East and the US.

BMI has revised its forecasts to take into account the changes made to plans by Pertamin a and Thailand's PTT Global Chemical for a petrochemicals complex. The changes include an increase in investment from USD5bn to USD8bn with the tripling of oil refinery capacity to 360,000 barrels per day (b/d). The schedule for completion has also changed from 2018 to 2020, which is outside our five-year forecasts. While the delay is something of a setback for Indonesia's hopes of rapidly moving up the petrochemicals rankings, the expansion of the refinery would ensure better integration with feedstock sources and reduced reliance on imported naphtha. Plants include a 1mn tonnes per annum (tpa) naphtha cracker, 400,000tpa of polyethylene, 350,000tpa of polypropylene and 200,000tpa of polyvinyl chloride.

Full Report Details at
- http://www.fastmr.com/prod/888081_indonesia_petrochemicals_report_q4_2014.aspx?afid=301

Key views for the sector:

* Over the next five years, ethylene capacity is set to surge by 1.38mn tpa, a massive increase on 2013 levels. This should help sustain 800,000tpa of extra polyethylene capacity and 700,000tpa of ethylene glycol by 2018. In addition, new crackers and propylene units at refineries will provide enough feedstock for 850,000tpa of polypropylene. Other new petrochemicals capacities include 250,000tpa of polyvinyl chloride capacity.
* The domestic petrochemicals market is set for a slowdown in consumption growth compared to previous years of double-digit rates, but is not expected to contract. The construction sector is set for slower growth than previously anticipated, while the automotive sector should continue to see robust growth.
* In BMI's Asia Pacific Petrochemicals Risk/Reward Ratings, Indonesia ranks 10th out of 12 countries with 51.8 points, up...

The Indonesia 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 Indonesia Petrochemicals Report provides industry professionals and strategists, sector analysts, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Indonesian petrochemicals industry.

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