Advantage of Low-Priced Feedstocks.Larry Wheeler, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Houston-based Larry Wheeler Consulting and ex-President of Shell Chemicals for the Middle East and South-East Asia South-East Asia n → le Sud-Est asiatique
South-East Asia south n → Südostasien nt
South-East Asia n → , chaired the 6th session on Oct. 10. He reviewed the MENA MENA Middle East & North Africa
MENA Middle East News Agency (Arabic Wikalat Al-Anbaa' Al-Sharq Al-'awsat)
MENA Medium-Energy Neutral Atom
MENA Mammalian Enabled
MENA Mission Element Need Analysis petrochemicals export trade and the advantage of low-priced feedstocks enjoyed by MENA producers of petrochemicals.
The MENA will always have an advantage in the petrochemicals sector. Large MENA supplies of low cost feedstocks will continue. The petrochemical sector in this region will continue to grow.
The focus now is on six key feedstock-advantaged products. Urea exports are forecast to rise from 9 million tons/year in 2000 to 12 million t/y in 2005, with MENA having a 9% share of world urea capacity. Over the same period methanol exports will rise from 7 million t/y to 10 million t/y, polyethylene from 4.5 million t/y to 9 million t/y, ethylene glycol ethylene glycol: see glycol.
Simplest member of the glycol family, also called 1,2-ethanediol (HOCH2CH2OH). It is a colourless, oily liquid with a mild odour and sweet taste. from 2.7 million t/y to 3.6 million t/y and polypropylene from 1.2m to 2.5m tons/year.
MTBE MTBE Methyl-tert-butyl-ether Surgery An aliphatic ether that rapidly dissolves cholesterol stones in vivo, introduced under local anesthesia via a percutaneous transhepatic cholecystectomy catheter, as a non-invasive method for treating gallstones; after injection, exports, currently 3.7 million t/y, are subject to uncertainty due to restrictions in the use of MTBE in motor gasoline in California and elsewhere.
Gilbert Jenkins, of Associated London Energy Consultants, reviewed the strategic planning Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people. of the major oil companies with particular reference for MENA based companies to become further involved in downstream markets. The large OECD OECD: see Organization for Economic Cooperation and Development. based oil companies are currently making some drastic changes to their downstream activities. For example BP is intent on cutting its refinery capacity to 60-70% of its oil products needs. They are also forming marketing alliances to improve marketing profitability.
There could be good opportunities for MENA based companies to become further involved in the OECD consumer markets. It is suggested that the best way for them to do so is to form alliances with OECD-based oil companies and carefully consider which alliances would be most satisfactory in the long term (see his paper in Review No. 15).