Saudi Petrochemicals - NCBC

INDUSTRY OUTLOOKduring through 2012. According to BMI, Middle East and Africa will represent 24%of the 182mn mt of global ethylene capacity by 2012, from close to 12% of the132mn mt global capacity in 2007.Exhibit 4: Key ethylene projects announced globallyEthylene capacity in ‘000 mtpaAnnounced ethylene cracker projects ('000 tpa) Start dateQatarExxonMobil Chemical/ Qatar Petroleum 1,300 2013-14Qatar Petroleum/ Honam Petrochemical 1,000 1H-12UAEBorouge I & II 3,000 2010-13Abu Dhabi National Chemicals 1,450 2014ChinaDushanzi Petrochemical 1,000 1Q-10Kuwait Petroleum/Sinopec 1,000 2012SABIC/Sinopec 1,000 2H-10Sinopec Hainan Refining & Chemical 1,000 2011-12Zhenhai Refining and Chemical Co. 1,000 2Q-10Fushun Petrochemical 800 2011Sinopec/SK Corp 800 2012-13PetroChina Sichuan Petrochemical 800 2011-12Daqing Petrochemical 600 End 2011Dow Chemical/Shenhua 600 -IndiaReliance Industries 1,500 DelayedEssar Gujarat Petrochemicals 1,300 DelayedONGC Petro-additions Ltd 1,100 End 2012GAIL/Oil India/Total 1,000 Post 2012Indian Oil Corp. 860 Jul-05Total 21,110Source: BMI, ICIS, ZawyaOwing to aggressive capex by Saudi firms in recent years, Business MonitorInternational (BMI) expects total ethylene capacity in Saudi Arabia to grow around2.3 times to 18.3mn mtpa by 2012 from about 8mn mtpa capacity in 2008.Total ethylene capacity inKSA expected to grow 2.3xby 2012Exhibit 5: Announced ethylene projects in Saudi ArabiaEthylene capacity in ‘000 mtpaAnnounced ethylene cracker projects in Saudi Arabia '000 tpa Start dateEastern Petrochemical (Sharq) 1,300 Dec-09National Chevron Phillips 1,200 2011PetroRabigh 1,250 4Q-09Ras Tanura Integrated Petrochemical Co 1,200 2014-15SEPC 1,010 Jun-09Saudi Kayan 1,350 2H-10Yansab 1,300 Jul-09Total 8,560As a % of existing ethylene capacity in KSA 106Source: BMI, ICIS, Zawya27 April 2010 SAUDI PETROCHEMICAL SECTOR 8