Singapore Petrochemicals Report 2016 - Business Monitor International - Industry Reports

Singapore Petrochemicals Report 2016

Singapore Petrochemicals Report 2016 - Business Monitor International - Industry Reports
Singapore Petrochemicals Report 2016
Published Dec 19, 2015
67 pages — Published Dec 19, 2015
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

Singapore will struggle in ---- in the face of a Chinese downturn and regional oversupply, which is undermining export growth and reducing margins. However, recovery is expected in the medium term as producers diversify markets, with India and Indonesia likely to compensate for losses in exports to China. ...This paves the way for the opening of new downstream units in ---- with a high- purity ethylene oxide (HPEO) purification plant with an initial capacity of ---,---tpa and two world- scale ethoxylation units with a combined capacity of ---,---tpa. Other expansions include SKGC s joint venture with Saudi Basic Industries Corporation (SABIC) to establish a ---,---tpa metallocene linear low density polyethylene (mLLDPE) plant, which will serve the packaging sector, and ExxonMobil Chemical s new facilities for manufacturing premium halobutyl rubber and hydrogenated hydrocarbon resin. However, BMI believe it unlikely that these will come onstream in ----. ...The cooling in external markets, particularly China, along with financial problems at Jurong Aromatics indicates the industry is in a more precarious state. Singapore retains its fourth place in the regional ranking, -.- points behind Japan and -.- points ahead of Taiwan.

...A large, skilled workforce comprised of the educated resident population and a sizeable pool of skilled migrant workers from developed states boost hiring prospects for high skill sectors. Among the lowest import and export costs in the region and globally make Singapore very competitive as a location for international trade. ...A large, skilled workforce comprised of the educated resident population and a sizeable pool of skilled migrant workers from developed states boost hiring prospects for high skill sectors. Among the lowest import and export costs in the region and globally make Singapore very competitive as a location for international trade. There is a strong and clear legal framework in place to protect and encourage foreign direct investment (FDI). ...There is a strong and clear legal framework in place to protect and encourage foreign direct investment (FDI). Singapore s secure operating environment is typified by falling overall crime rates and a very low homicide rate.

...A pro-chemicals industry government has been willing to make large investment in infrastructure and support large-scale projects. Jurong Island offers a large petrochemicals hub, with integrated common facilities and infrastructure that have attracted many international companies. ...

  
Source:
Document ID
1749-2440
Country
Industry
Format:
PDF Adobe Acrobat
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Singapore Petrochemicals Report 2016" Dec 19, 2015. Alacra Store. Dec 04, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Singapore-Petrochemicals-Report-2016-2026-700>
  
APA:
Business Monitor International - Industry Reports. (2015). Singapore Petrochemicals Report 2016 Dec 19, 2015. New York, NY: Alacra Store. Retrieved Dec 04, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Singapore-Petrochemicals-Report-2016-2026-700>
  
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