Global ethylene asset map

Operated by Eramine Sudamérica S.A, Ratones & Centenario is a lithium brine project located in Salta, Argentina. Project construction work was halted by Eramet in April 2020 due to the COVID-19 health crisis and uncertainty over global markets. However, construction is due to recommence in the March quarter 2022, with commissioning scheduled for early 2024, following a recent partnership agreement between Eramet and Tsingshan. Wood Mackenzie’s asset reports are built from the bottom up, incorporating several granular data metrics to ultimately produce our industry-standard cash operating costs. This report contains a detailed asset note giving you a holistic view of the asset, including an operational overview through to a timeline of events from inception to now. This qualitative analysis is supplemented by the associated Excel download which enables interrogation of a whole series of cost and production metrics over the life of the asset.

These briefings were an informal 60 minute discussion on the key events and topics shaping our industries with an opportunity for networking. The COVID recovery and energy crisis related to the Russia-Ukraine war have seemingly taken a back seat. However rapidly increasingly interest rates to fight off inflation, slow economic growth in China and a recession in Europe keeps the outlook uncertain. OPEC+ is adjusting its output decisions monthly, distillate cracks are strong despite tepid demand growth and China’s crude runs could remain high despite its economic weakness. Our team discussed the following themes: Short term oil demand: How real are the hopes of demand recovery in China? Can the West avoid a recession? What’s happening to petrochemical demand? Short term refining margins: How much value is there in petrochemical integration? Middle-distillate cracks: How long can they stay strong? Crude prices and Brent-Dubai differential: Saudi volumes and OSP forecast?