This course allows the participants to deepen their knowledge on the petrochemicals sectors and to assess the main economic challenges in these sectors.
Public :
All professionals wishing to improve their understanding of the functioning of petrochemicals industry.
Level :Knowledge
Prerequisite :
Basic notions of downstream economics and Microsoft Excel.
Course Content
ENVIRONMENT FRAMEWORK & UPSTREAM PETROCHEMICALS
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Duration : 1 Day
Industry fundamentals: from coal/oil/gas to petrochemicals and global/regional outlook.
Petrochemicals: key building blocks processes:
Olefins (C2, C3, C4).
Aromatics (benzene, paraxylene).
and associated traditional technologies (steamcracker, FCC, reforming…).
Steamcracker economics:
World/regional capacities.
Typical yields and cost of production (methodology and comparison).
Case study: optimization of steamcracker feedstock, steam cracker margin/income.
OLEFINS (C2=/C3=)
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Duration : 0.75 Day
Review of processes (cracker and FCC) and new technology (MTO, CTO, PDH…).
Key players and market perspectives (new investments).
Sector challenges (production increase, production costs…).
C4 & AROMATICS
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Duration : 0.25 Day
C4 value chain (butadiene and butylenes), brief technical review of technologies, key actors and markets.
C5 value chain (isoprene, DCPD, PIPS).
INVESTMENT PROFITABILITY STUDIES
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Duration : 1 Day
Value creation and capital cost, cash flows, discounting principle and inflation impact.
Standard global profitability analysis: cash flow schedule, economic criteria (net present value, internal rate of return, etc.).
Introduction to risk analysis.
Case study: steamcracker profitability.
Learning Objectives
Attendees will be able to implement the following skills:
Understand the economic framework and the key challenges of petrochemicals industry,
Identify key interfaces between petrochemicals and other hydrocarbon sectors such as upstream (Oil & Gas) and downstream value chain (refining/petrochemicals).
Ways & Means
Case studies and exercises in groups.
Learning assessment
Participants will be evaluated during the training through exercises and case studies.
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Coordinator :In-house or contracted IFP Training trainers having expertise and experience in petrochemistry.
To French entities : IFP Training is referenced to DataDock ; you may contact your OPCO about potential funding.
Please contact our disabled persons referent to check the accessibility of this training program : referent.handicap@ifptraining.com