Petrochemical Sector

Transcription

1 Petrochemical Sector May 2009

2 Agenda 1. Trends of Petrochemical Industry in Colombia. 2. Potentiality for Petrochemical industry in Colombia. 3. Conclusions

3 Apparent Consume of main platics resins (Thousand Tons) Consume in constantly growth: 23% in three years Although consume has growth in all resines, It is important to highlight the consume in PET, polymers and polyethylene. Source: Acoplásticos, Plásticos en Colombia

4 In just three years the installed capacity has benn growth 20% The increase in consuption is watched in the increase of productivity in the petrochemical industry, which is reflected in the fasst growth that is taking its installed capacity 19,8% Source: Acoplásticos, Plásticos en Colombia

5 Soure: Dane, Banco de la República, Colombia y Fedesarrollo. Employment, production and sales in plasticas have been growing constantly

6 Exports of platic products have growth in the last three years Over the past three years, exports have increased in value by 52% and volume by 21% Plastic Products Exports Source: Acoplásticos, Plásticos en Colombia

7 Colombia begins to be the distributor of countries in the region It has seen that the main countries which we exports plastic products are countries that belong to the region including United States. Major purchasers of Plastics Source: DANE

8 However, It has no covered local demand with domestic production. Stock level and Volume of orders for the production of plastics ( ) Current volume of Orders Stock Level Fuente: Fedesarrollo and ANIF.

9 Agenda 1. Trends of Petrochemical Industry in Colombia. 2. Potentiality for Petrochemical industry in Colombia. 3. Conclusions

10 Colombia has a potential of 47 trillion of barrels Colombia has proven reserves of 1.4 Trillion barrels, while its proven natural gas reserve stand at 6.7trn cubic feet (Ft 3). The Colombian petrochemical sector produces 600,000 tones per annum of polymers including polyethylene (PE), PP, PVC, polystyrene (PS) and others polyolefin. A large part of Colombia territory has not yet been explored. Blocks handed over for E&P: 2007: 7 blocks adjudicated. 2008: 51 blocks adjudicated Source: Business Monitor International Ltd. Colombia Petrochemicals Report 2008 ; Study of IHS International Conusltant MAPA DE TIERRAS

11 The increase in oil production due to an increase in exploration The value of oil production, natural gas and minerals if uranium and thourium have an increase of US$ million in 2004 to US$ million in 2007 Petroleum production US$ million Source: Banco de la República, Colombia TCN: 2001: 2.300; 2004: 2.626; 2007:2738, pesos por dólar

12 Colombia strategy for modernizing refineries Cartagena y Barranquilla, the two largest refineries, are undergoing significant expansions, capacity is forecast to reach 360,000b/d in 2007/2008, which will provide potential for naphtha feedstock. The production capcity will increase in almost 100% from 75 KBPD to 140 KBPD in We could produce all resins that we are importing nowdays Souercce Business Monitor International Ltd. Colombia Petrochemicals Report 2008.

13 A domestic market with potential Olefins and aromatics demand not covered due to nonexistence of a cracking plant for this purpose. Polyethylene and other polymers and resins demand not covered are worth over US$ 508 million and approximately 226,000 tones. Colombia has about 230 plastic processing companies, most of which are small sized and require access to international prices and other resins in order to remain competitive and stay afloat. The large multinationals established in Colombia supply the local supply to the local market and export to the Andean Community as well.

14 In Colombia is a petrochemical cluster This sector is backed by a Development Master Plan, which supports growth of the industry and integration of the Production chain, thus facilitating viability and development of refining and petrochemical projects in the Mamonal Industrial Zone, thereby consolidating the leading industrial complex in South America. The Chemical and Petrochemical processing industries are located in industrial parks as Barrancabermeja and free trade zones at Barranquilla and Cartagena, and are considered to be the largest users of industrial inorganic chemicals (Fuente: Acoplásticos Asociación Colombiana de Productores de la Cadena Petroquímica ) Fuente: Acoplásticos

15 Colombia with the best infrastructure of energy and a good tariff Energy Infrastructure Good infrastructure= 10 Bad Infrastructure=0 6,45 4,6 3,89 3,88 2,91 0,89 Colombia Venezuela Chile Brasil México Argentina Energy tariff bykw Country US$/Kw Brasil 0,12 Argentina 0,07 Venezuela 0,03 Energy suppy to the future Energy security= 10 Energía no security = 0 6,05 4,68 3,08 3,03 2,46 0,83 México 0,10 Chile 0,09 Colombia 0,09 Colombia Venezuela Chile Brasil México Argentina Source: IMD, World Competitiviness Year Book, 2008

16 Agenda 1. Trends of Petrochemical Industry in Colombia. 2. Potentiality for Petrochemical industry in Colombia. 3. Conclusions

17 Conclusions The behaivor of the production, consumption, employment and exports in the sector, show that in a market in continous development in Colombia However, the Colombian potential is reflected in that despite the steady growt, it is still not enough to meet domestic and external demand. The Colombian strategy to expand the capacity of the exisiting refineries, which will make easier the production of raw materials There is a field of oil exploration in the relevant country