This course addresses industry fundamentals, including chemical structures and properties, process technologies, key producers, end-use applications, market sizes, trade patterns and sustainability issues across the key petrochemical value chains.

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Course Outline

• Detailed look at the foundations of the petrochemical industry
  • Feedstocks, including natural gas, NGLs, petroleum, coal, and biobased.
  • Industry's 7 Basic Building Blocks: Syngas, Ethylene, Propylene, C4 Olefins, Benzene, Toluene, and Xylenes.
  • Exploration of each building block's value chain.

• Key downstream polymers
  • Polyethylenes – LDPE, HDPE, LLDPE
  • Polypropylene – homopolymer, random copolymer and impact copolymer
  • Vinyls chain – EDC, VCM, PVC, C/A
  • Styrenics – Styrene monomer, GPPS, HIPS, EPS
  • Polyester chain – PX, PTA, PET

• Placing the current industry structure into historical

• Interactions
  • Unravels the complex synergies underlying the petrochemical industry
  • Technology, markets, and economics

• Key market and profitability drivers

• Where are future growth opportunities?

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Advances in sustainable chemistry are essential to the environmental and climate challenges we face. The course offers participants an overview of advances in sustainable chemical production and an understanding of how the markets are reacting to these developments.

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Course Outline

• Agricultural Background & Biofuels industry
  • Legislation overview
  • Routes to gasoline, diesel/aviation fuel blending
  • Biogas developments, Bio-methanol; RFNBOs – eFuels, hydrogen, etc.
  • Market overview, Manufacturing costs
  • Carbon footprint and availability of petrochemical feedstocks

• Plastics Recycling
  • Scoping the challenge, legislation overview
  • Market overview and development
  • Technology Solutions; Mechanical; Pyrolysis; Depolymerization;
  • Dissolution; Gasification; New developments hydrothermal liquefaction, etc.
  • Production economics; Carbon footprint implications

• Biodegradable Polymers

• Agri Bio-based Plastics & Intermediates

• Carbon Dioxide
  • Market overview and development, major sources
  • Technology solutions for CCS/CCSU and re-use
  • Air capture, Amine systems, colored methanol
  • Screening emerging applications
  • Comparative production economics

• More Sustainable Petrochemical Building Block
  • Definitions, Legislation overview as appropriate
  • Market overview and development – focus on production
  • Low carbon building blocks and footprint
  • Alternative approaches to reduction in scopes 1, 2, and 3
  • Comparative production economics
  • Impact of developments in CO2 pricing on competitiveness

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Explore the different considerations involved for short-, mediumand long-term price forecasting. Factors like feedstock cost, byproduct values, variable & fixed costs elements will be discussed and considered. Concepts like industry cost curves will also be explained. Along with S& detailed supply-demand methodology, these will all be brought together to assess historical margins, industry operating rates and return on investments – all to forecast petrochemical prices based on grounded fundamentals. This is a hands-on workshop as there will be case studies for attendees to work on for every aspect of the price forecasting process.

Bring your laptops with you for this workshop; you will need it!

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Course Outline

• Price Definitions & Forecasting Methodologies industry
  • Short-, Mid- and Long-term

• Short-term Forecasting Techniques
  • Linear regression analysis method; Other techniques (in brief)
  • → Case Study #1: Forecasting the next five months' prices (*selected petrochemical product, polypropylene in this case)

• Medium-Term Forecasting Techniques
  • Integrated Case Study Introduction ; Production Cost Analysis; Underlying energy and feedstock values; Feedstock, variable, fixed costs, and co-product credits; Alternative values; Production cost models
  • → Case Study #2: Cash Cost of Production (* selected petrochemical product)
  • Historical Return on Investments
  • → Case Study #3: Estimating Historical Return on Investments (ROI)
  • Cost Curves Methodology
  • Inherent Margin Analysis; Supply/demand balances
  • → Case Study #4a: Demand forecast for Year Y(ROI)
  • Impact of operating rates; Market momentum & psychology
  • → Case Study #4b: Global supply-demand-trade flow-operating rates planning for Year Y(ROI)

• Long-Term Forecasting Techniques
  • Return on Investmen
  • → Case Study #4C: Forecast medium-/long-term ROI and prices
  • Diagnostic Checks;
  • Price ratios and spreads;
  • Regional relationships and arbitrage

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The dynamics of the global petrochemical industry are changing rapidly and in profound ways. There is more volatility in the markets and many industry participants are adjusting towards just in time sales and purchase agreements.

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Course Outline

• An overview of commercial lexicons

• Commercial optimization along the Value Chain
  • → Case Study 1: I smell an optimization opportunity

• Pricing concepts
  • Floor, Ceiling and Market concepts
  • Netback analysis
  • → Case Study 2: Who should we sell the spot cargo to?
  • Marketing vs trading
    • → Case Study 3: Quality Gap Risk Management
  • Evolution of trading centers – Oil and Petrochemicals
  • Commercial risk elements Market
    • →Case Study 4: Sell at fixed or at formula prices?
  • Counterparty
  • Credit
  • Operations
    • →Case Study 5: Your vessel is going to miss the laycan!
  • Regulatory
  • Political

• Hedging Strategies in Trading
  • →Case Study 6: Taking advantage of market contango

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In the world of large volume commodity resins, such as the polyolefins, vinyls, and styrenics, winners and losers are often determined by access (or not) to cheap feedstocks such as in the Middle East and North America. Consequently, producers in other parts of the world are necessarily becoming more and more interested in second and third level derivatives as a means to add value This new course will explore a wide variety of some of these downstream products.

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Course Outline

• Key Non-Commodity Ethylene Derivatives industry
  • EO/MEG
  • LAOs

• Key Non-Commodity Propylene Derivatives
  • Cumene value chain
  • Phenol/acetone/BPA
  • Polycarbonate
  • Epoxy resins
  • PF resins
  • MMA/PMMA
  • Propylene oxide
  • Oxo alcohols
  • Acrylic acid/Acrylates/SAPs
  • Acrylonitrile
  • Placing the current industry structure into historical perspective

• Key Non-Commodity C4 Derivatives

• Natural Rubber versus Synthetic Rubber
• PBR/SBR, Butyl, EPDM, NBR, IR
• MEK
• Maleic anhydride/UPRs
• 1,4-BDO/THF/GBL/NMP/PVP
• MTBE

• Key Non-Commodity Aromatic Derivatives
  • ABS
  • Nylon 6,6 and Nylon 6
  • Polyurethanes
  • MDI/TDI
  • Polyether polyols

• Key Non-Commodity C1 Derivatives
  • Syngas/Methanol
  • Acetic acid/VAM, PVAc, PVB
  • Formaldehyde
  • UF/PF/MR Resins
  • Polyacetals

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Delivered by S& Global Commodity Insights' global expertise in market research, pricing, and consulting, this course will provide a comprehensive overview of existing and future hydrogen markets.

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Course Outline

• Hydrogen in the Energy Transition - Opportunities and Challenges

• Status of the Global Hydrogen Market

• The Hydrogen Value Chain

• Long-Term Global Outlook for Hydrogen

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Recent policy decisions have increased investment in renewable energy technologies, creating new challenges and opportunities for the power systems and market players. The rise in wind and solar deployment in power systems, originally built for firm generation, creates potential complications and is forcing regulators and companies alike to adopt a multi-technology strategy. On the other hand, growing geopolitical fractures are reshaping cleantech supply chains and cost structures, making innovation a key enabler for the transformation.

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Course Outline

• Industry Structure and Regulation

• Electricity supply and demand trends

• Clean power technologies

• Costs / Supply chains / Prices and revenue

• Outlooks

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The shift to affordable, clean energy is rapidly changing power systems worldwide. Increasing shares of variable renewables are pushing regulators and companies alike to adopt a multi-technology strategy. At the same time, growing geopolitical fractures are reshaping cleantech supply chains and cost structures. In this dynamic setting, innovation remains key with existing technologies becoming cheaper and more performant, with innovations on the horizon that could potentially transform the cleantech landscape.

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Course Outline

• Overview of clean power technologies

• Overview of clean power technologies

• Costs and supply chains

• Industry trends and disruptions

• Renewables and green tech outlooks/b>

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With careful design and implementation, carbon markets can be crucial in transitioning to a low-carbon economy. Learn how, despite the challenges, carbon markets offer a significant opportunity to reduce greenhouse gas emissions and mitigate climate change.

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Course Outline

• Carbon Market Fundamentals
• Compliance Carbon Markets & Pricing
• The Voluntary Carbon Markets
• Article 6 & Global Carbon Linkages

• Carbon Pricing
• Carbon Markets and Pricing Overview
• How do Carbon Markets and Pricing fit within Global Climate Policy?

• Carbon Scenarios
• Fundamentals of net-zero
• Understand net-zero cases and how they translate into potential GHG emissions outcomes that could arise in uncertain markets

• Carbon Accounting
• Cross-cutting view of carbon intensity for different commodities;
• Different frameworks, use cases and how industries can apply carbon accounting

• Carbon Registries
• Overview of critical infrastructure required to manage global carbon in a centralized, financial markets-based registry system
• Nature-based Solutions & Biodiversity

• Opportunities for industry
• Overview of the sustainability products, insights, and solutions helping companies meet their needs in the carbon ecosystem
• Corporate strategies for carbon management
• Carbon market Investments; NBS & Biodiversity Potential

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Carbon capture, utilization, and storage (CCUS) is a key technology that can reduce emissions in key emitting sectors, remove CO2 from the atmosphere, and support the development of CO2-based products. This course will provide an overview of the market and technology trends and key concepts to differentiate the challenges and opportunities that different sectors face while implementing CCUS.

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Course Outline

• Status of the CCUS Market
• The potential role of CCUS in the energy transition
• Overview of current market conditions
• Summary of global policy

• The CCUS Value Chain
• Overview of the value chain
• Global CCUS project pipeline progress by segment
• Cost analysis of CO2 capture, transportation, and storage
• Overview of CO2 utilization

• CCUS trends in chemicals and fuels applications
• Overview of the market dynamics between low-carbon fuels and CO2 use
• Supply and demand balance for CO2 utilization by 2030

• Engineered carbon dioxide removal
• Overview of technologies and market trends

• Long-Term Global Outlook for CO2 capture installations
• S& Global Commodity Insights’ base case outlook for both near-term (2030) and long-term (2050) CO2 capture installations
• Summary and discussion of key course topics

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The maritime industry is at a crossroads. While it has been a vital artery of global trade, its significant contribution to greenhouse gas emissions has placed it under increasing scrutiny. The International Maritime Organization's (IMO) stringent 2050 emissions reduction target underscores the urgent need for the industry to transition to cleaner fuels and technologies.

This one-day training course is designed to equip industry professionals with the knowledge and tools necessary to navigate this complex transition. By exploring the latest developments in alternative fuels, regulatory frameworks, and technological advancements, participants will gain a comprehensive understanding of the path towards a sustainable maritime future.

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Course Outline

• The Decarbonization Imperative: Understanding the global climate crisis, IMO emissions reduction targets, and the role of the maritime industry in achieving climate goals.

• The Current Bunker Fuel Market: Assessing the supply-demand dynamics, challenges, and near-long term outlook for traditional marine fuels.

• Alternative Fuel Options: Assessing the supply-demand dynamics, challenges, and near-long term outlook for traditional marine fuels.

• Fuel Technology and Infrastructure: Technology aspects, production processes, and infrastructure requirements for the alternative fuels.

• Market Dynamics and Supply Chain: Analyzing global production capacity, supply chain development, and collaboration opportunities within the alternative fuel industry.

• Regulatory Framework and Incentives: Understanding the role of policies, regulations, and financial incentives in driving the adoption of clean fuels.

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Oil market experts teach this course, delivering a concise and powerful history of the oil market, oil demand and supply, and geopolitics to understand the present and how the future may unfold. It provides an overview of oil and the forces shaping the oil and energy markets as the energy transition moves ahead.

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Course Outline

• Oil Market Fundamentals
• Global energy fundamentals: global energy supply & demand
• Structure of the world oil industry
• Market fundamentals (part 1): Oil market history; oil demand and supply; forces shaping future of world oil demand; history of oil supply regulation; US Shale; Emergence of OPEC+
• Market fundamentals (part 2): oil price history; factors shaping the oil price today; the role of futures markets; price benchmarks
• Oil and the energy transition: How to think about the future

• Oil Price Discovery and Trading
• Oil Pricing: How does the Brent market work? Understanding what the physical trading data represents; Methodology: How do we arrive at the price?
• Trading: The mechanics of trading physical crude
• Oil Price Forecast

• Benchmarks
• Overview of Platts Oil Benchmarks and assessment methodology
• Update on Platts Benchmarks: Dated Brent/Urals
• Update on Platts Benchmarks: Platts Dubai/Oman

• Market Outlook
• How to develop an oil price outlook, short and long term
• Value of scenario framework for forecasting
• Oil market outlook to 2024 and through 2050

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The actions to meet net zero targets has increased globally, creating opportunities for those who understand the fundamentals of carbon markets and how they support the wider energy transition. Our future-focused curriculum will equip you with the tools and skills to tap into these nascent opportunities.

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Course Outline

• Carbon Market Fundamentals:
• Compliance Carbon Markets & Pricing
• Carbon trading (ETS) vs carbon tax
• Compliance markets and pricing schemes
• Regional specifics and development in key economies (G20)
• The Voluntary Carbon Markets
• Key VCM bodies, stakeholders and participants
• Demand-side: buyers' perspective, preferences and making claims
• Trading: ratings, exchanges, trends and barriers; Global & regional trends
• Article 6 & Global Carbon Linkages
• What is Article 6 and what does it do?
• Progress of 6.2 and 6.4 mechanisms
• EU Carbon Border Adjustment Mechanism (CBAM); Carbon clubs

• Carbon Pricing
• Carbon Markets and Pricing Overview
• Why do we need a carbon price?
• What are carbon pricing tools and how do they work?
• Overview of different features and dynamics
• How do Carbon Markets and Pricing fit within Global Climate Policy?
• Comparison of climate policy instruments
• UN frameworks; Key global institutions on carbon markets

• Carbon Scenarios
• Fundamentals of net-zero
• Understand net-zero cases and how they translate into potential GHG emissions outcomes that could arise in uncertain markets

• Carbon Accounting:
• Cross-cutting view of carbon intensity for different commodities;
• Different frameworks, use cases and how industries can apply carbon accounting

• Carbon Registries
• Detailed view of the critical infrastructure required to manage all your global carbon in a centralized, financial markets-based registry system
• Nature-based Solutions & Biodiversity
• NBS & natural climate solutions (NCS)?
• Linkages between NBS, land-use and agriculture
• Biodiversity as a metric and crediting
• Reporting requirements relating to climate and nature-based risks

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This course addresses industry profitability fundamentals, including chemical structures and properties, process technologies, cost of production methodologies, key producers, end-use applications, market sizes, and trade patterns across the petrochemical value chains.

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Course Outline

• Detailed look at the foundation of the petrochemical industry
• Feedstocks, including natural gas, NGLs, petroleum, coal, and biobased.
• Industry's 7 Basic Building Blocks: Syngas, Ethylene, Propylene, C4 Olefins, Benzene, Toluene, and Xylenes.
• Exploration of each building block's value chain.

• Downstream: a look at more specialized product areas
• LAOs, EO/MEG, PO, Phenol, BPA, PC, Epoxies, Acrylics/SAP, Plasticizers, ACN, Synthetic Rubbers, 1,4-BDO, ABS, Nylons, Polyurethanes, PF, MF, UF Resins and many others

• Places current industry structure into historical perspective

• Interaction of technology, markets, and economics underlying the petrochemical industry

• What drives present market conditions?

• Where are future growth opportunities?

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The refining industry is changing. Gain an understanding of the fundamentals of refining operations and economics and how the industry adapts to a volatile near-term market and the longer-term pressures of the energy transition.

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Course Outline

• Fundamentals of Refining
• Session 1: Refinery technical configuration and operations
• Session 2: Refinery economics and margin optimization

• Energy Transition
• Session 1: Fundamentals
• What is the definition and scope of Energy Transition?
• What are the drivers (e.g. ESG)?
• Session 2: Commercial Outlook
• What is the industry response (e.g. electric vehicles, hydrogen economy, crude-oil-to-chemicals, etc.)?
• What is the outlook, short, medium, and long term?

• Refining petrochemical interface/integration
• Session 1: Refined products as petrochemical feedstocks
• Olefins and Aromatics
• Regional balances and outlooks

• Refinery Flexibility
• Session 1: To increase the percent of the barrel to chemical feedstocks (COTC)
• Session 2: Bio-conversion is to include both coprocessing of bio-feedstocks and full bio-conversion0

• Greener Refineries Environmental Impact Overview
• Session 1: Quantification of Greenhouse Gases (GHGs)
• Value of scenario framework for forecasting
• Session 2: Use Greener power and hydrogen

• Refineries of the Future: Aspirational Design to Net Zero
• Session 1: Profile of refiner’s aspirational designs and technical approaches to net-zero designs
• Session 2: Quantitative impact on a world-scale refinery carbon footprint of various technical configurations and product slate considerations (e.g. inclusion of the bio-diesel, chemical decarbonization, products, renewable power generation, and/or plastics recycling via chemical pyrolysis, etc.)

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This one-day training course provides insights into the evolving biofuels landscape and its pivotal role in advancing transport decarbonization

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Course Outline

• Introduction to Biofuels and Industry Overview
• Understanding biofuels and terminology
• Energy security and the role of biofuels in mitigating climate change
• Overview of biofuel types and their global significance
• Regulations, Policies and Incentives Mechanisms for Biofuels

• Biomass Resources & Feedstocks
• 1st and 2nd generation biofuels
• Key feedstocks for biofuel production
• Biofuels Production Processes

• e-Fuels: Power-to-Liquid (PtL)
• Technology maturity assessment, scale-up risks, TRL
• For carbon-based materials: sourcing of (green) CO2 feedstocks (options, issues & technologies)
• Basic economic assessments, including projections on expected costs and their evolution
• Projected market potential of products in e-fuels

• Economics, Policies, and Environmental Impact
• Economics of biofuels and e-fuels
• Market outlook: short-term and long-term trends for biofuels and e-fuels
• Carbon intensity of biofuel, policies, and key regulations (e.g., RFS2, RED II)
• Key challenges, opportunities, and the role of biofuels in energy transition

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