THE PHENOL-ACETONE VALUE CHAIN: PROSPECTS AND OPPORTUNITIES · PDF filecontents the...
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THE PHENOL-ACETONE VALUE
CHAIN: PROSPECTS AND
OPPORTUNITIES
SEOUL, 2013
RAJEEV M. PANDIA
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CONTENTS
THE BENZENE-PROPYLENE-CUMENE-PHENOL-
ACETONE-BPA VALUE CHAIN
TECHNOLOGIES FOR CUMENE MANUFACTURE
GLOBAL AND REGIONAL PHENOL-ACETONE
BALANCE
APPLICATIONS AND GROWTH RATES
MAJOR PRODUCERS AND CONSUMERS
NEW DEVELOPMENTS/ CAPACITIES/ PROJECTS
CONCLUSIONS
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PHENOL & ACETONE FROM
BENZENE & PROPYLENE THROUGH
CUMENE
3
PROPYLENE
0.47 TON
BENZENE
0.872 TONS
CUMENE-1.31 TONS CUMENE
HYDROPEROXIDE
PHENOL
1 TON
ACETONE
0.612 TONS
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TECHNOLOGIES FOR CUMENE PRODUCTION
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CUMENE TECHNOLOGIES
GENERATIONS OF CUMENE TECHNOLOGY:
FIRST- USING SULFURIC ACID CATALYST
SECOND- WITH ALUMINIUM CHLORIDE CATALYST
THIRD- BASED ON SOLID PHOSPHORIC ACID (SPA)
CATALYST
FOURTH- IN PRESENCE OF ZEOLITE CATALYST
– CATALYTIC DISTILLATION- A VARIATION OF ZEOLITE BASED
TECHNOLOGY
– BETA-ZEOLITE CATALYST- PREFERRED OVER OTHER ZEOLITES
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INCREASING IMPORTANCE OF
ZEOLITE TECHNOLOGY
6
SPA
AICI3
ZEOLITE1994
SPA
AICI3
ZEOLITE
2004
SPA
AICI3
ZEOLITE
2013
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GLOBAL AND REGIONAL BALANCE FOR CUMENE,
PHENOL AND ACETONE
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CUMENE CAPACITIES
ACROSS REGIONS
2012
8
ASIA PACIFIC- 6.214 MN TPA
USA- 3.885 MN TPA EUROPE- 4.331 MN TPA
WORLD- TOTAL – 14.73 MN TPA
AMERICAS-OTHERS- 0.300 MN TPA
INCLUDES THOSE IN EAST EUROPE/ RUSSIA
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PHENOL CAPACITIES
ACROSS REGIONS
2012
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ASIA PACIFIC- 5.282 MN TPA
USA- 2.927 MN TPA
EUROPE- 3.147 MN TPA
WORLD- TOTAL – 11.646 MN TPA
AFRICA- 0.040 MN TPA
AMERICAS-OTHERS- 0.250 MN TPA
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PHENOL DEMAND
ACROSS REGIONS
2012
10
ASIA PACIFIC- 4.120 MN TPA
USA- 2.632 MN TPA EUROPE- 2.899 MN TPA
WORLD- TOTAL – 9.959 MN TPA
AFRICA- 0.082 MN TPA
AMERICAS-OTHERS- 0.226 MN TPA
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PHENOL SURPLUS
ACROSS REGIONS
2012
ASIA PACIFIC- 1.162 MN TPA
US- 0.295 MN TPA
EUROPE- 0.248 MN TPA
AFRICA- (0.042) MN TPA
WORLD- TOTAL – 1.687 MN TPA
AMERICAS-OTHERS- 0.024 MN TPA
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ACETONE CAPACITIES
ACROSS REGIONS
2012
12
ASIA PACIFIC- 3.278 MN TPA
USA- 1.982 MN TPA
EUROPE- 1.992 MN TPA
WORLD- TOTAL – 7.6 MN TPA
ROW- 0.348 MN TPA
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ACETONE DEMAND
ACROSS REGIONS
2012
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ASIA PACIFIC- 2.275 MN TPA
USA- 1.697 MN TPA
EUROPE- 1.526 MN TPA
WORLD- TOTAL – 5.966 MN TPA
ROW- 0.468 MN TPA
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ACETONE SURPLUS
ACROSS REGIONS
2012
14
ASIA PACIFIC- 1.003 MN TPA
USA- 0.285 MN TPA
EUROPE- 0.466 MN TPA
WORLD- TOTAL – 1.634 MN TPA
ROW- (0.12) MN TPA
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CUMENE SURPLUS
ACROSS REGIONS
2012
15 DEMAND TO GROW FROM 13.1 MN TPA TO >18 MN TPA BY 2020
ASIA PACIFIC- 0.249 MN TPA
USA- 0.58 MN TPA
W. EUROPE- 0.777 MN TPA
WORLD- TOTAL – 1.619 MN TPA
REST OF THE WORLD- TOTAL – 0.013 MN TPA
BASED ON 85.5% OPERATING RATE FOR PHENOL
SURPLUS IN ASIA TO BE HIGHER NOW WITH ADDITIONS IN 2012, 2013
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NORTHEAST ASIA PHENOL SUPPLY & DEMAND
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NORTH AMERICAN PHENOL SUPPLY & DEMAND
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EUROPEAN PHENOL SUPPLY & DEMAND
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MAJOR CUMENE CAPACITIES
INTEGRATED WITH PHENOL
NORTH AMERICA
SHELL, TEXAS (CUMENE: 725,000 TPA; PHENOL: 600,000 TPA)
WEST EUROPE
DOMO CHEM, GERMANY (CUMENE: 270,000 TPA; PHENOL: 175,000 TPA)
NOVAPEX, FRANCE (CUMENE: 230,000 TPA; PHENOL: 155,000 TPA)
VERSALIS, ITALY (CUMENE: 300,000 TPA; PHENOL: 180,000 TPA)
CEPSA, SPAIN (CUMENE: 800,000 TPA; PHENOL: 600,000 TPA)
MOST ASIAN CAPACITIES ARE INTEGRATED WITH PHENOL, EXCEPT
TOSOH AND NIPPON OIL
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MAJOR STAND ALONE
CUMENE CAPACITIES
NORTH AMERICA
MARATHON PETROLEUM (ASHLAND), KENTUCKY (375,000 TPA)
CITGO, CORPUS CHRISTI (500,000 TPA)
FLINT HILLS, CORPUS CHRISTI (680,000 TPA)
WEST EUROPE
BP CHEMICALS (FORMERLY VEBA), GERMANY (498,000 TPA)
VERSALIS, PRIOLO, ITALY (320,000 TPA)
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COMPANIES WITH CUMENE AND
PHENOL CAPACITIES AT DIFFERENT
LOCATIONS
DOW- CUMENE IN EUROPE AND PHENOL IN USA
INEOS, EUROPE - CUMENE AT MARL (FORMERLY BP CHEMICALS)
AND PHENOL AT ANTWERP, BELGIUM AND GLADBECK, GERMANY
CHANGCHUN, SINGAPORE TO FOLLOW
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APPLICATIONS AND GROWTH RATES
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PHENOL DEMAND SEGMENTWISE
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PHENOL- GROWTH RATES
ACROSS REGIONS
USA- 2.8% P.A.
EUROPE- 2% P.A.
ASIA- 6.2% P.A.
OVERALL- 4% P.A.
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DEMAND COULD GROW FROM
9.96 MN TPA IN 2012 T0 14.17 MN TPA BY 2020
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PHENOL- GLOBAL GROWTH RATES
ACROSS SECTORS
BISPHENOL-A- 6% P.A.
RESINS- 2% P.A.
OTHERS- 3% P.A.
OVERALL- 4% P.A.
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DEMAND COULD GROW FROM
9.96 MN TPA IN 2012 T0 14.17 MN TPA BY 2020
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ACETONE DEMAND SEGMENTWISE
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ACETONE- GROWTH RATES
ACROSS REGIONS
• USA- 2% P.A.
• EUROPE- 1.4% P.A.
• ASIA- 4% P.A.
• OTHERS- 5% P.A.
• OVERALL- 3% P.A.
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DEMAND TO GROW FROM
5.97 MN TPA IN 2012 T0 7.78 MN TPA BY 2020
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ACETONE- GROWTH RATES
ACROSS SECTORS
BISPHENOL-A- 4% P.A.
MMA- 1% P.A.
ALDOL CHEMICALS- 3% P.A.
SOLVENTS- 3% P.A.
OVERALL- 3% P.A.
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DEMAND TO GROW FROM
5.97 MN TPA IN 2012 T0 7.78 MN TPA BY 2020
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FEEDSTOCKS FOR CUMENE
BENZENE AND PROPYLENE
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BENZENE– MARKET SEGMENTS- GLOBALLY
STYRENE- 51%
CUMENE- 21%
CYCLOHEXANE- 10%
NITRO-BENZENE - 5%
OTHERS- 13%
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PROPYLENE – MARKET SEGMENTS
POLYPROPYLENE- 65%
ACRYLONITRILE- 6-7%
OXO-ALCOHOLS- 6-7%
PROPYLENE OXIDE- 6-7%
CUMENE- 6.5%
ACRYLIC ACID - 4%
OTHERS- 5%
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MAJOR PRODUCERS AND CONSUMERS
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MAJOR NORTHEAST ASIA PHENOL PRODUCERS
2013
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MAJOR NORTH AMERICAN PHENOL PRODUCERS 2013
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MAJOR EUROPEAN PHENOL PRODUCERS
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MAJOR NORTHEAST ASIAN PHENOL CONSUMERS
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MAJOR NORTH AMERICAN PHENOL CONSUMERS
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MAJOR EUROPEAN PHENOL CONSUMERS
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MAJOR CHINESE EXISTING PHENOL CAPACITIES
SINOPEC SHANGHAI- 360,000 TPA
SINOPEC SABIC TIANJIN- 220,000 TPA
LIHUAYI WEIYUAN- 220,000 TPA
ZHUHAI SHI YOU- 200,000 TPA
SINOPEC BEIJING YANSHAN- 160,000 TPA
HUIZHOU ZHONGXIN- 120,000 TPA
CHINA BLUESTAR- 120,000 TPA
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MAJOR CHINESE PHENOL PROJECTS
INEOS/SINOPEC- 400,000 TPA (2015)
JIANGSU HAILI- 360.000 TPA (2014)
CHANGCHUN PLASTICS- 400,000 TPA (2013)
FORMOSA PLASTICS- 300,000 TPA (2014)
CEPSA QUIMICA - 250,000 TPA (2014)
SINOPEC MITSUI - 250,000 TPA (2013)
CHANGCHUN CUMENE (SIN)- 540,000 TPA (2014)
PETROCHINA SICHUAN- 180,000 TPA (2013)
SINOPEC BEIJING YANSHAN- 138,000 TPA (2014)
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MAJOR ASIAN NEW PHENOL PROJECTS
KUMHO P & B, S.KOREA- 300,000 TPA, WITH 900,000 TPA
CUMENE (2014)
PETRO RABIGH, KSA- 275,000 TPA (STUDY/2016)
PTT PHENOL,THAILAND- 250,000 TPA (2016)
INDIA PROJECT- 300,000 TPA (STUDY)
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CONCLUSIONS
FATE OF CUMENE LINKED TO PHENOL/ ACETONE
ZEOLITE BASED TECHNOLOGIES OFFER BETTER ECONOMICS DUE TO SELECTIVITY
SURPLUS CUMENE CAPACITY OVER DEMAND
MAJOR CAPACITY ADDITIONS IN ASIA , MORE PLANNED
ASIA TO SEE LARGEST CUMENE PLANT AND NEW STAND ALONE CAPACITY
CUMENE PRICES DEPEND ON BENZENE/ PROPYLENE PRICES
PHENOL/ ACETONE PRICES DEPEND ON CUMENE COSTS AND MARKETS
ASIA TO STEER THE GROWTH WITH COMFORT IN BENZENE & PROPYLENE
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