Poland Petrochemicals Report Q3 2013

Date: June 19, 2013
Pages: 80
US$ 1,295.00
Publisher: Business Monitor International
Report type: Strategic Report
Delivery: E-mail Delivery (PDF)
ID: P4DE3304364EN

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BMI View: We believe that Poland will remain a major, low-cost petrochemicals player capable of supplying other developing markets in Central and Eastern Europe. This could be boosted further if ethane availability from shale gas reserves can justify the operation of new cracker capacity. However, these are early days for the exploitation of shale gas, which faces significantly higher extraction costs than shale gas in the US, and any ethane-based ethylene production is unlikely over the forecast period.

The process of merger and consolidation was carried out over 2012 and into Q113, after the government had failed to sell off individual chemical units. The streamlined and larger assets will make it easier to privatise and, the government hopes, generate more revenue than indicated by the poor bids received in 2011. Following the completion of the consolidation, both Grupa Azoty and Europe's second largest soda ash producer, Ciech, which has begun a restructuring drive that will see it scrap its loss-making Zachem TDI business early in 2013, will be offered for sale. Ciech reported an improvement to its Q412 operating profit, rising 47% year-on-year (y-o-y), as a result of its restructuring programme. In January 2013, Ciech exited the toluene diisocynate (TDI) sector when it sold off its TDI assets of subsidiary Zachem to German major BASF. In February 2013, it closed Zachem's 30,000 tonnes per annum (tpa) epichlorohydrin (ECH) plant.
BMI Industry View
Business Environment
Industry Forecast
  Table: Polish Petrochemicals Sector, 2010-2017 ('000tpa, unless otherwise stated)
Macroeconomic Forecasts
Risks To Outlook
  Table: Poland - Economic Activity
Industry Risk Reward Ratings
Regional Petrochemicals Risk/Reward Ratings
Trouble In The South East
Hungary Leads EU Petrochemicals Recovery
High Risks, But High Rewards In Russia, Azerbaijan
  Table: Central and Eastern European Petrochemicals Risk/Reward Ratings (Scores Out Of 100)
Poland Risk/Reward Ratings
Market Overview
Industry Trends And Developments
Company Profile
Polski Koncern Naftowy Orlen (PKN Orlen)
Grupa Lotos
Regional Overview
Europe Overview
Global Industry Overview
Global Petrochemicals Overview
Oil Product Price Outlook
Crude Price Forecasts
  Table: BMI's Oil Price Forecasts, Average Price (US$/bbl)
Early Rally Turns Into Run-Off
  Table: BMI's Refined Products Forecasts, US$/bbl
Supply: Refining Capacity Expansion Sets Tone
Naphtha: Global Economic Outlook Weighs On Prices
Gasoline And Gasoil/Diesel: The Green Effect
Jet Fuel: Freight Continues Slump
  Table: Total Air Freight & Passenger Volumes
Bunker Fuels: Efficiency Takes Hit On Demand
Demographic Forecast
Poland Demographic Data
  Table: Poland's Population By Age Group, 1990-2020 ('000)
  Table: Poland's Population By Age Group, 1990-2020 (% of total)
  Table: Poland's Key Population Ratios, 1990-2020
  Table: Poland's Rural And Urban Population, 1990-2020
  Table: Glossary Of Petrochemicals Terms
Chemicals And Petrochemicals Industry
Cross Checks
Risk/Reward Ratings
  Table: Petrochemicals Risk/Reward Indicators And Rationale
  Table: Weighting Of Indicators
Poland Petrochemicals Report Q4 2013 US$ 1,295.00 Aug, 2013 · 84 pages
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