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Why Choose this Training Course?
Plastics and chemicals are “the building blocks of contemporary civilization.” Petrochemicals manufacture thousands of products that people use daily, including plastics, medicines, cosmetics, furniture, appliances, electronics, prosthetic limbs for the disabled, solar power panels, and wind turbines. This unique 5-day training course has been designed to enable participants to learn more about the value of petrochemicals and the success factors that can improve financial performance and help companies weather industry challenges.
In this Understanding the Global Petrochemical Industry training course, attendees will gain the technical knowledge and business acumen on the key subjects:
Understand the basic refining operations and the business of petrochemicals
Ascertain the seven basic chemicals, the rearrangement of Hydrocarbons chains, and the measure of conversion and yield in a refinery
Recognize the benefits and challenges of integrating refinery with petrochemicals
Distinguish the petrochemical participation concept with examples of Strategies/Business Models of IOCs, NOCs, and Non-Oil Companies
Determine project management evaluation and the critical considerations in selecting proper technology, capital, and operating costs for the project
Understand the petrochemical innovations, challenges, and future trends
What are the Goals?
By the end of Understanding the Global Petrochemical Industry training, the attendees will be able to:
Gain a broad perspective of the petrochemical industry
Boost your understanding of petrochemical operations, refining, petrochemical demand forecasting, contracts, prices, distribution, sales, etc.
Master the petrochemical value chain from crude oil to finished plastics, polymers, and other synthetic materials used in our daily lives
Evaluate the petrochemical markets, strategies, and petrochemical models
Confidently discuss the petrochemical industry's technical terms, concepts, and buzzwords with your peers and clients.
Who is this Training Course for?
This Understanding the Global Petrochemical Industry training course is designed to train and improve the business knowledge of a wide range of professionals as follows:
Geoscience & Engineering Professionals
Business Development Managers
Corporate Planning Professionals
Supply Planners & Scheduling Professionals
Tax & Finance Advisors
Equity Analyst And Bankers
Joint Venture Officers
Negotiators And Contracting Professionals
How will this Training Course be Presented?
This dynamic and highly interactive training course is designed to encourage delegate participation through a combination of group discussion, practical exercises, case studies, quizzes, and extensive use of short videos highlighting the petrochemical operations, environmental and safety considerations to reinforce new knowledge and skills, and discussion of practical issues in their organizations.
By sending their employees to this Understanding the Global Petrochemical Industry training course, the organization will gain a broader range of skills that participants gain and henceforth apply in their workspace that will directly benefit their respective companies.
Offers a general management viewpoint of global petrochemical business and highlights or brings out the factors for the success in each category of several business models
Defines and determine how innovations in petrochemicals and energy are helping to drive economic growth and strengthen the living standards globally
Clarifies how we can achieve these goals while delivering value to shareholders
Inculcates the corporate culture of effectively dealing with the core issues, tactics, and essential concepts of successfully running the petrochemical business
Each participant will be able to enhance the technical knowledge and business skills of the Petrochemical Industry, which will benefit their career growth.
Master the core competencies of the Petrochemical Industry
Sharpen business skills by learning that technique that improves capital productivity and operational excellence
Understand the value chain optimization in Petrochemical Industry and apply it at the workplace to improve stockholders’ value
Be fully cognizant of success factors of the different categories of the Petrochemical Industry – NOCs, IOCs, pure Chemical Companies, Pure Refining Companies, their relative strengths, and weaknesses
Day One: Crude Oil Supply and Refining
Introduction to Course
The Essence of International Oil Supply – Global Reserves, Production & Trade
Introduction to global oil business - Exploration, Extraction, Refining, Marketing, Transportation
Global Oil Resources – World Oil and Gas Reserves, Production of Oil and Gas
Industry units – for the USA, Europe, and Asia, Conversion factors
Crude Oil Classifications
Crude Oil Quality Indicators, crude oil characterization by Assays
Crude Oil Distillation – Refined Products
Oil Industry Units and Conversion factors
Fundamentals of Oil Economics
Delivered price of crude oil – the concept GPW (Gross Product Worth)
Value of Crude Oil and the Determining Factors in Crude Selection
Introduction to Crude Oil Refining - Distillation
Day Two: Refinery Economics and Petrochemicals
Net Refining Margin calculation
Introduction to Petrochemical
What are Petrochemicals?
Oil & Gas Value Chain leading to Petrochemicals – 2
Classification of Petrochemicals
How PC derived from Well Head to Products
PC History and Its Key Role
The Beginning of the Petrochemical Industry
Petrochemical Applications in Daily Life
Petrochemical Applications in Health Care
Basic Organic Chemistry
Key Properties of Organic chemicals
Classification of Chemicals into Groups
The Building Blocks in Petrochemicals
Reactions/Process Technologies Of the Petrochemical Industry
Day Three: Petrochemical Feedstocks, Processes, and Equipment
Feedstock for Petrochemicals
The different raw materials for petrochemicals from C1 to C50
Different feedstock sources for petrochemicals
World oil refining and petrochemicals output composition
Difference between fuels and chemicals
“Alternate Value” of hydrocarbons: Gasoline Pool vs. Petrochemicals
World gas oil industry’s essential functions
Petrochemical Processes and Equipment
The overview of hydrocarbons groups in crude oil
The basic refining operations and processes
The working knowledge of essential equipment used in the petrochemical industry,
Rearrangement of Hydrocarbons chains
The measure of conversion and yield in the refinery
Identify the seven basic chemicals.
Learn what is meant by the integration of refining and petrochemicals
Explore what are the benefits and challenges of integrating refinery with petrochemicals.
Day Four: Petrochemical Value Chains and Markets
Petrochemical Value Chains I
Understand the concept of the value chain
Understand how a series of upgrades are made from the raw material to the finished products
Learn how these value chains are optimized
Understand the chemical linkage from hydrocarbons to end uses
Petrochemical Value Chains II
Exploring olefins value chain - ethylene, propylene, and polyvinyl chloride.
Understanding how their demand is driven.
Olefins product applications and manufacturing technology
The global chemical business.
Looking at the chemical industry market segments.
Learning basic market research.
Learn what forecasting is.
Explore the forecasting/planning techniques
Day Five: Strategies and Project Evaluation
Define the petrochemical participation concept
With examples of Strategies/Business Models of
International Oil Companies
National Oil Companies
International oil Companies’ Key Strategies
National Oil Companies - Chemicals Business Structure and Key Strategies
Major Non-Oil Companies’ competitive advantage
Major Business Incentives - Five Categories
Know about the best in Class Summary
Understand the critical success factors
Petrochemical Project Evaluation
What are project management and its core activities and considerations?
Project Management Evaluation Steps
What are the considerations in selecting proper technology, capital, and operating costs for the project?
Capital Cost estimates accuracy
The different ways of conducting financial evaluation, measures for its success, and adding shareholder value