2017 PCI Wood Mackenzie European Polyester Industry Conference

Agenda

• 29 September 2017

  • Recycling Overview - Training & Teaching Session

    2:00 PM - 3:30 PM

    Training Registration 2:00 PM - 2:30 PM Recycling Overview 2:30 PM - 3:30 PM This afternoon session will provide everything you or your team needs to get up to speed on the Recycling industry. There are limited places available for this se Read More...

    Training Registration 2:00 PM - 2:30 PM
    
    

    Recycling Overview 2:30 PM - 3:30 PM
    
    

    This afternoon session will provide everything you or your team needs to get up to speed on the Recycling industry.
    
    There are limited places available for this session. By ticking the box during registration you are registering your interest, we will select attendees based on a first come first serve basis and notify those who have a place at a later date. 
    
    

    Led by Philip Marshall and Helen McGeough this interactive 1 hour session will allow attendees to ask question about the industry which up until now have dare not ask. With minimal slide presentations and the opportunity for more open discussions on a personal level which is not possible within a large conference forum.
    
    

    Our experts will cover the PET recycle processes with insights into the differences between chemical and mechanical recycling. Exploring the current collection and retention systems and how these may evolve over the coming years, looking into what infrastructure will be required when PET use approaches 40M Tonnes within the next 10 years.
    
    

    Also covered in this session:

    
    
    

    • The drivers to RPET flake pricing
      
      
    • How virgin chip impact pricing and what is the cost base today for recyclers.

    Speakers

    • Helen McGeough

      RPET Services

      Helen was a Business Studies graduate from Nottingham Trent University and has worked in consultancy for nineteen years including earlier experience in the IT industry. She joined The PCI Group in 2004, supporting the client base with market analysis and custom research for both virgin and recycled PET markets. Helen now leads the activity to support to the RPET chain worldwide with a wide network of contacts including collection agencies, all major reclaimers, technology suppliers, machine manufacturers, industry associations, government bodies and major brand owners. Helen’s key role is to lead research and analysis for all aspects of PET recycling, its place in the increasingly important agenda for sustainability of the entire supply chain and its fusion with the growing global focus on the Circular Economy. In line with this, Helen is developing research and insight into the recycling of other polymers and materials used in packaging.

    • Philip Marshall

      Head of Polyester

      Phil is PCI Wood Mackenzie’s Senior consultant for polyester, with responsibility for our research and analysis of the global polyester chain. His particular specialism is in the western hemisphere PTA and polyester business. His engineering and project management experience draws him into many special projects in commercial and technical areas, in particular on PTA technology selection. He joined PCI in 2003 with over 20 years experience with ICI in a range of different roles both technical and commercial in the PTA, PET and fibres business areas. He has been with PCI for over 13 years.

  • The PCI Wood Mackenzie PX Asset Cost Tool Service - Overview

    3:30 PM - 5:30 PM

    Training Registration & Coffee Break 3:30 PM - 4:00 PM PX Asset Cost Tool Service - Overview 4:00 PM - 5:30 PM This 1.5 hour session lead by Gordon Haire will provide an informal and interactive review of how PX technology and feedstocks ha Read More...

    Training Registration & Coffee Break 3:30 PM - 4:00 PM
    
    

    PX Asset Cost Tool Service - Overview 4:00 PM - 5:30 PM

    
    
    

    This 1.5 hour session lead by Gordon Haire will provide an informal and interactive review of how PX technology and feedstocks have evolved.

    There are limited places available for this session.
    
    

    By ticking the box during registration you are registering your interest, we will select attendees based on a first come first serve basis and notify those who have a place at a later date.
    
    

    This will be an introduction to the PCI Wood Mackenzie's analytical tools which are used to anticipate the impact on regional pricing both short term and long term.
    
    

    • The link between the evolution of PX Technology/Feedstocks and Price Forecasting.
      
      
    • Where are the price support mechanisms for PX in a long market?
      
      
    • Are there differences between regions?
      
      

    Speakers

    • Gordon Haire

      Head of Aromatics

      Gordon now heads PCI Wood Mackenzie’s Aromatics team. Gordon has significant experience in refining/petrochemicals optimisation, and in paraxylene production economics, technology evaluation and project/manufacturing management. He joined the PCI Group in 2009 following 20 years with one of the world’s major oil companies and leading producer of paraxylene and PTA.

• 30 September 2017

  • Registration & Welcome Coffee

    8:00 AM - 8:45 AM

    Registration & Welcome Coffee

  • Welcome

    8:45 AM - 9:00 AM

    Welcome

  • Global economy: prospects for the consumer

    9:00 AM - 9:35 AM

    Global economic growth has picked up in 2017 – can it be sustained? Can we expect further consumer growth from the developed economies? Where are the hotspots for the emerging consumer, and what are the key risks?

    • Global economic growth has picked up in 2017 – can it be sustained?
    • Can we expect further consumer growth from the developed economies?
    • Where are the hotspots for the emerging consumer, and what are the key risks?

    Speakers

    • Jonathan Butcher

      Principal Economist

      Jon joined Wood Mackenzie in 2009. He leads Wood Mackenzie’s Economics research team, responsible for developing and maintaining Wood Mackenzie’s macroeconomic forecasts. Jon’s current role involves coordinating the global economic outlook. He works with economists and analysts across regions to ensure that Wood Mackenzie has a consistent and integrated economic outlook. Prior to joining Wood Mackenzie, Jon was an Analyst at Macquarie. He worked as a part of its successful commodities research team looking at base metals, iron ore and coal. Jon holds a BA from the University of Oxford and an MSc in Economics and Finance from Loughborough University.

  • Energy and feedstocks: how long will low prices remain?

    9:35 AM - 10:10 AM

    By 2020, global oil demand growth of 3 million bpd (from 2017 levels) oil demand growth only modestly exceeds US tight oil supply growth in the coming years The recovery of gas prices in Europe and Asia will lag crude Outlook for refining remains positive

    • By 2020, global oil demand growth of 3 million bpd (from 2017 levels)
    • oil demand growth only modestly exceeds US tight oil supply growth in the coming years
    • The recovery of gas prices in Europe and Asia will lag crude
    • Outlook for refining remains positive

    Speakers

    • Alan Gelder

      VP Refining, Chemicals and Oil Markets

      Alan is VP Refining, Chemicals and Oil Markets. He is responsible for formulating Wood Mackenzie’s research outlook and integrated cross-sector perspectives on this global sector. Alan Gelder joined Wood Mackenzie’s Downstream Consulting team in 2005 and became global head in 2009. He transitioned into research upon his return from Houston in 2011 and was Global Head of Refining and Chemicals. Prior to joining Wood Mackenzie, Alan had 10 years of industry consulting after working for ExxonMobil in a variety of project planning and technical process design roles. Alan has a first class Master Degree in Chemical Engineering from Imperial College, London, supplemented by an MBA from Henley Management College.

  • Paraxylene: the calm before the storm

    10:10 AM - 10:45 AM

    With mega new refinery to PX projects seemingly making progress in China and a flurry of project activity in the Middle East, what will global dynamics look like if all project ideas proceed? How competitive will the Western Hemisphere PX a Read More...

    • With mega new refinery to PX projects seemingly making progress in China and a flurry of project activity in the Middle East, what will global dynamics look like if all project ideas proceed?
    • How competitive will the Western Hemisphere PX assets be in this new world?
    • Will declining gasoline demand depress feedstock value and offer a support mechanism for the older PX assets?

    Speakers

    • Gordon Haire

      Head of Aromatics

      Gordon now heads PCI Wood Mackenzie’s Aromatics team. Gordon has significant experience in refining/petrochemicals optimisation, and in paraxylene production economics, technology evaluation and project/manufacturing management. He joined the PCI Group in 2009 following 20 years with one of the world’s major oil companies and leading producer of paraxylene and PTA.

  • Coffee Break

    10:45 AM - 11:10 AM

    Coffee Break

  • Global ethylene: riding the crest of the current supply wave.

    11:10 AM - 11:45 AM

    The global ethylene balance has been tight recently – is this driven by supply/demand/both? How will new ethylene capacity additions impact in the near term and where do they sit on the global cost curve What about the next investment cycle? Capacity plans (who/where) and demand expectations

    • The global ethylene balance has been tight recently – is this driven by supply/demand/both?
    • How will new ethylene capacity additions impact in the near term and where do they sit on the global cost curve
    • What about the next investment cycle? Capacity plans (who/where) and demand expectations

    Speakers

    • Patrick Kirby

      Olefins

      Patrick joined Wood Mackenzie’s Chemicals team in 2013 as an olefins analyst in the EMEARC region, with almost a decade of direct experience in the petrochemical industry with CMAI as a senior consultant in the EMEA region, and with SABIC Europe. Patrick graduated with a first class MEng degree in Chemical Engineering from the University of Manchester (formerly UMIST) and is a chartered engineer with the IChemE.

  • MEG: when does the tide turn?

    11:45 AM - 12:30 PM

    EU MEG imports will still play a big role in 2018 too How will the US investments affect the European EOMEG producers – ethane based ethylene v napthta Will the US MEG tide affect other parts of the EO wedge? DMO in China still remains an unknown.

    • EU MEG imports will still play a big role in 2018 too
    • How will the US investments affect the European EOMEG producers – ethane based ethylene v napthta
    • Will the US MEG tide affect other parts of the EO wedge?
    • DMO in China still remains an unknown.

    Speakers

    • Paul Clarke

      Senior consultant for EO glycols and EODs

      Paul focuses on the ethylene to glycol and related businesses in Europe, Middle East and Asia. Before joining PCI in 2000, Paul had 16 years of experience in one of the world’s largest petrochemical companies, including European Business Manager for propylene and butadiene and then ethylene oxide derivatives.

  • Lunch Break

    12:30 PM - 1:45 PM

  • Asia polyester outlook - the key issues

    1:45 PM - 2:20 PM

    Global Picture : 76 years polyester since 1941 towards 100 years. China : Shortcomings of polyester investment frenzy. India : Opportunity arising to take a bigger pie in polyester industry. Vietnam : TPP & its fallout- but everything is well.

    • Global Picture : 76 years polyester since 1941 towards 100 years.
    • China : Shortcomings of polyester investment frenzy.
    • India : Opportunity arising to take a bigger pie in polyester industry.
    • Vietnam : TPP & its fallout- but everything is well.

    Speakers

    • YJ Kim

      Polyester Raw Materials

      YJ is focused on the Asian PTA and polyester markets, particularly the Korean industry, Indian subcontinent and South East Asia, providing clients with a unique perspective on the markets and offering a key consulting role on long term projects. YJ joined PCI in 2001 and after a sabbatical in 2011 he returned in early 2013. His specialisation originates from 14 years with a PTA producer in Korea as Finance, Purchasing and Sales Manager. His extensive networks within the region give him an in-depth knowledge of business cultures and polyester raw material strategies in Asia and beyond.

  • Fibres: has polyester reached it's limits?

    2:20 PM - 2:55 PM

    The global role of polyester staple fibre together with cotton and viscose in spinning and nonwovens; both competitive and complementarity. How Europe's differentiated polyester staple players will survive despite capacity increases in Rus Read More...

    • The global role of polyester staple fibre together with cotton and viscose in spinning and nonwovens; both competitive and complementarity.
    • How Europe's differentiated polyester staple players will survive despite capacity increases in Russia and Turkey.
    • Growth in polyester filament continues – where are the remaining opportunities in apparel and industrial markets, and who will supply?

    Speakers

    • William Chapman

      Director Fibres

      Will has over 20 years’ experience in the fibres industry, first with ICI and later DuPont Nylon, where he ran both polymerisation and melt spinning assets. He was also involved in commercial project work in downstream PA flooring and apparel yarn markets. Later, he took on business leadership roles in Invista, where he was responsible for sales and marketing of raw materials used in various polymeric applications, especially polyester and polyurethane.

  • Coffee Break

    2:55 PM - 3:15 PM

  • PTA: over supply even with rationalisation / PET: market supply overcapacity continues

    3:15 PM - 3:55 PM

    EU PTA supply remains tight – are imports the only answer How will a changing Americas PTA landscape impact Europe Will likely flat PET imports put a greater strain on EU PTA supply With more PTA projects in the Middle East – how many could really be built and what will be the impact on Europe.

    • EU PTA supply remains tight – are imports the only answer
    • How will a changing Americas PTA landscape impact Europe
    • Will likely flat PET imports put a greater strain on EU PTA supply
    • With more PTA projects in the Middle East – how many could really be built and what will be the impact on Europe.

    Speakers

    • Philip Marshall

      Head of Polyester

      Phil is PCI Wood Mackenzie’s Senior consultant for polyester, with responsibility for our research and analysis of the global polyester chain. His particular specialism is in the western hemisphere PTA and polyester business. His engineering and project management experience draws him into many special projects in commercial and technical areas, in particular on PTA technology selection. He joined PCI in 2003 with over 20 years experience with ICI in a range of different roles both technical and commercial in the PTA, PET and fibres business areas. He has been with PCI for over 13 years.

  • Recycling: the challenges and opportunities for the PET market

    3:55 PM - 4:35 PM

    Circular Economy - will this provide a step-change in demand for recycled flake and food grade products? Sustainable Packaging - will use of RPET products change the growth in demand for PET raw materials? China is changing again – how will this change the global market dynamics for RPET products?

    • Circular Economy - will this provide a step-change in demand for recycled flake and food grade products?
    • Sustainable Packaging - will use of RPET products change the growth in demand for PET raw materials?
    • China is changing again – how will this change the global market dynamics for RPET products?

    Speakers

    • Helen McGeough

      RPET Services

      Helen was a Business Studies graduate from Nottingham Trent University and has worked in consultancy for nineteen years including earlier experience in the IT industry. She joined The PCI Group in 2004, supporting the client base with market analysis and custom research for both virgin and recycled PET markets. Helen now leads the activity to support to the RPET chain worldwide with a wide network of contacts including collection agencies, all major reclaimers, technology suppliers, machine manufacturers, industry associations, government bodies and major brand owners. Helen’s key role is to lead research and analysis for all aspects of PET recycling, its place in the increasingly important agenda for sustainability of the entire supply chain and its fusion with the growing global focus on the Circular Economy. In line with this, Helen is developing research and insight into the recycling of other polymers and materials used in packaging.

  • Closing Comments

    4:35 PM - 4:45 PM

  • Drinks Reception

    4:45 PM - 6:15 PM