Understanding the Global Petrochemical Industry

Introduction

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 GLOMACS 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

Objectives

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.

Methodology

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.

Organisational Impact

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

Personal Impact

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