Insight
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7 Pages

European ethylene: competitiveness review and closure threat analysis


European ethylene: competitiveness review and closure threat analysis

Report summary

This insight will explore (Part 1) the recent expansion of lighter feedstock cracking that has been observed in Europe and the forward view of competitiveness within the European asset base and (Part 2) the expectations for further steam cracker consolidation that may occur in the coming years and provide a profiling of this asset grouping

What's included?

This report includes 2 file(s)

  • European ethylene: competitiveness review and closure threat analysis PDF - 1.04 MB 7 Pages, 0 Tables, 4 Figures
  • Ethylene Asset Cost Tool.pdf PDF - 2.62 MB

Description

This Chemical Markets Insight report highlights the key issues surrounding this topic, and draws out the implications for those involved.

For participants, suppliers and advisors who want to look at the trends, risks and issues of this topic, this report gives you an alternative point of view to help inform your decision making.

With years of experience in the chemical markets industry, Wood Mackenzie is a trusted global leader with a reputation for producing consistently reliable information.

Our senior analysts are based in the markets they analyse. They use detailed research data to forecast, benchmark and recognise trends that will help both new and existing participants identify opportunities and avoid risks.

  • Executive Summary
  • Part 1 – European Ethylene Competitiveness Review
    • Just how much feedstock flexibility is there within the European ethylene industry?
    • Relative cracking economics in a low crude oil environment?
  • Part 2 – European Ethylene Closure Threat Analysis
    • How may refinery closures in Europe impact steam cracker operations?
    • How much additional capacity could close in the European ethylene industry and beyond the announced closures, what could an ‘at risk’ site look like?
      • Historical Benchmarking of Asset Cost Tool
        • 2014 assessment of European ethylene cash cost margins by asset
        • It may be seen in 2014 that all assets are evaluated as operating with a positive cash cost margin, reflecting the overall increase in competitiveness that has occurred in part with the lower crude oil pricing environment.
          • A view of what the future may hold - 2018 Margin Analysis
            • 2018 European ethylene estimated cash cost margins by asset
            • Conclusions

In this report there are 4 tables or charts, including:

  • Executive Summary
  • Part 1 – European Ethylene Competitiveness Review
    • European steam cracker feedstock consumption for ethylene production
  • Part 2 – European Ethylene Closure Threat Analysis
    • 2009 European margins with announced asset closures highlighted
    • European ethylene: competitiveness review and closure threat analysis: Image 3
    • European ethylene: competitiveness review and closure threat analysis: Image 4
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