Colombia Petrochemicals Report 2013

  • ID: 2323434
  • November 2012
  • Region: Colombia
  • 54 pages
  • Business Monitor International
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BMI’s Colombia Petrochemicals Report raises concerns over the country’s failure to realise plans for petrochemicals capacity that could add value to domestic oil and gas output. The report assesses which sectors will be in the best position to ride out the economic downturn and analyses the investment plans of local players as they seek to improve competitiveness and boost sales.

Ecopetrol has mooted a number of petrochemicals expansion plans in recent years, but without making any firm commitments. The most significant expansion has been at Propilco’s two polypropylene (PP)
plants, which were to have combined capacities of 500,000 tonnes per annum (tpa) by end-2012, up 45,000tpa since 2009. While Ecopetrol’s acquisition of Propilco in 2008 enabled vertical integration with a propylene feedstock source, there are no firm plans for expansion in PP. Capacities are unlikely to change over the next five years unless Ecopetrol’s unconfirmed plans come to fruition within this timeframe. Ecopetrol indicated at end-2011 that it was looking to build a new cracker with associated polyethylene (PE) and PP facilities near Cartagena, which would also supply READ MORE >

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Executive Summary 6

SWOT Analysis 7

Colombia Petrochemicals Industry SWOT Analysis 7

Colombia Political SWOT Analysis 7

Colombia Economic SWOT Analysis 8

Colombia Business Environment SWOT Analysis 8

Global Petrochemicals Overview 9

Global Oil Products Price Outlook 13
Table: BMI's Refined Products Forecasts , 2010-2016 14
Table: Middle East Outperforms In Terms of Passenger Growth 19

Latin America Overview 23

Colombia Market Overview 28
Table: Colombia’s Petrochemicals Facilities 28

Industry Trends And Developments 30

Latin America Petrochemicals Risk/Reward Ratings 32
Table: Americas Petrochemicals Risk/Reward Ratings (Scores Out Of 100) 34

Industry Forecast Scenario 35
Table: Colombia’s Petrochemicals Sector, 2010-2017 (‘000 tpa, unless otherwise stated) 36

Macroeconomic Outlook 37
Table: Colombia – GDP By Expenditure, Real Growth %, 2009-2016 38

Company Profiles 39

Empresa Colombiana de Petroleos (Ecopetrol) 39

Mexichem Resinas Colombia (MRC) (Petroquímica Colombiana (Petco)) 42

Polipropileno del Caribe (Propilco) 43

Glossary Of Terms 44
Table: Glossary Of Petrochemicals Terms 44

Country Snapshot 45
Table: Colombia's Population By Age Group, 1990-2020 ('000) 46
Table: Colombia's Population By Age Group, 1990-2020 (% of total) 47
Table: Colombia's Key Population Ratios, 1990-2020 48
Table: Colombia's Rural And Urban Population, 1990-2020 48

BMI Methodology 49

How We Generate Our Industry Forecasts 49

Chemicals And Petrochemicals Industry 49

Cross Checks 50

Business Environment Ratings 51
Table: Petrochemicals Business Environment Indicators And Rationale 52

Weighting 52
Table: Weighting Of Indicators 53

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Company Profiles
Empresa Colombiana de Petroleos (Ecopetrol)
Mexichem Resinas Colombia (MRC) (Petroquímica Colombiana (Petco))
Polipropileno del Caribe (Propilco)

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