The Petrochemical Industry in Developing Asia: A Review of the Current Situation and Prospects for Development in the 1990sThe purpose of this report is to address the need for information on the petrochemical industry in Asia in view of the fast-evolving situation of the industry in the region and the growing involvement of the World Bank with operations and studies in a number of Asian countries. The report reviews the current trends of the industry with relevance for Asian-based producers and documents the substantial increases in activity and rates of growth of the sector in Asia. A substantial part of the analysis is dedicated to the assessment of competitive advantages in the production of petrochemicals by individual producers. The study also review the policy framework in all countries selected and compares the different economic instruments and other policy tools that have been used to develop their industries. The report concludes that prospects for future development of the industry in developing Asia are generally favorable. As a caveat, the optimistic outlook hinges on the prospects for continuous economic growth and the oil supply and pricing situation. To secure their competitive position and materialize the growth prospects, countries with a lower competitive posture must move to improve their economics of manufacture through feedstock diversification, vertical integration, restructuring increased exposure to competition and improved long-term planning. |
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Page 25
... plants ) , and small scale private producers but lately through an integrated approach to ownership and licensing approvals . CHINA The Chinese petrochemical industry was started in 1958 with the set up of the Gaoquiao Chemical factory ...
... plants ) , and small scale private producers but lately through an integrated approach to ownership and licensing approvals . CHINA The Chinese petrochemical industry was started in 1958 with the set up of the Gaoquiao Chemical factory ...
Page 69
... plants included in this group are the Yeochan and Ulsan expansions in Korea , the Nagothane complex in India , the Beijing plant in China and NPC - 1 in Thailand . All these plants are projected to enjoy relatively strong market in 1989 ...
... plants included in this group are the Yeochan and Ulsan expansions in Korea , the Nagothane complex in India , the Beijing plant in China and NPC - 1 in Thailand . All these plants are projected to enjoy relatively strong market in 1989 ...
Page 95
... plants that rely on feedstocks provided through government agencies at costs fixed by the Government . In Korea , Thailand and Taiwan , the governments intervened heavily in the initial phases of development of the industry , in ...
... plants that rely on feedstocks provided through government agencies at costs fixed by the Government . In Korea , Thailand and Taiwan , the governments intervened heavily in the initial phases of development of the industry , in ...
Common terms and phrases
aromatics Asia Asian Asian producers ASTIF basic petrochemicals Benzene Butadiene capital costs CHEMICAL China CHINA THAILAND MALAYSIA competitive crackers demand derivatives domestic market downstream products economic environmental EPRS ERSITY ethane/propane ethylene production expected feedstock Forecast gas fractions Gulf HDPE imports incentives increase India India China Thailand Indonesia installation factors integration investment investors Japan KOREA INDIA CHINA LDPE levels Malaysia and Indonesia manufacturing merchant ethylene Methanol million tons NAGOTHANE naphtha based naphtha prices natural gas olefins operation opportunity cost opportunity value ownership p-xylene P.O. Box petrochemical industry petrochemical products PETROCHEMICALS 000 MT planning plants plastics Polyester polypropylene potential production capacity production costs projects Propylene raw materials refineries region relatively requirements SAN DIEGO Sinopec situation Source Staff estimates styrene summarized in Table synthetic fibers synthetic resins synthetic rubber Taiwan tariff Thailand THAILAND MALAYSIA INDONESIA trade Ulsan YEOCHON