opportunity in map ta phut retrofit knowledge sharing...
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Private & Confidential
Opportunity in Map Ta Phut Retrofit
Knowledge Sharing Session
February 18, 2016
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Private & Confidential
PTTGC Flexible Feedstock and Secured Product Offtake
Feedstock Supply Product Marketing
Others
Others
External Feedstock
Ethane, Propane, LPG
Condensate
Crude Oil
Light Naphtha
Aromatics
Petroleum products
Olefins
63%
(1)
35%
65%
Customers
Others
60%
40%
Others 36%
Captive Use EO Based
Polymers 79%
21%
PTTGC’s feedstock sourcing is process through both external sourcing and internal sourcing via synergies among existing production unit.
• Olefins and Derivatives are one of the most prominent evidence that gain benefit from internal feedstock.
• Both Refinery and Aromatics deliver light naphtha as a feedstock of olefins
Refinery
Aromatics
Olefins & Derivatives
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Private & Confidential
Opportunistic from value adding to internal naphtha
Light
Naphtha
1.8 MTA
19%
85%
15%
Internal use
External sale
Key consideration
• Currently PTTGC’s light naphtha production exceeds internal feedstock demand
• There’s an opportunity to create value from internal feedstock availability
To cope with price & feedstock availability and volatility To create value from internal feedstock to higher value business
To secure downstream business volume
Objectives
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Private & Confidential
Opportunistic from capturing the low crude trend
• Since 2014, dubai has reached a peak at $111/bbl in June 2014 and continue to drop since then.
• This reflects more attractiveness in term of profitability of naphtha cracker, in comparison with high crude period.
0
20
40
60
80
100
120
Dubai $/bbl Naphtha attractiveness
0%
40%
80%
120%
160%
200%
0
400
800
1200
1600
2000
Jan-
14
Apr-1
4
Jul-1
4
Oct-1
4
Jan-
15
Apr-1
5
Jul-1
5
Oct-1
5
HDPE/Naphtha ($/ton)
HDPE-Naphtha Spread (% over naphtha)
HDPE
Naphtha
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Private & Confidential
Ethane cracker VS Naphtha cracker
Product Yield* Ethane Naphtha Ethylene 78% 33% Propylene 3% 18% Mixed C4s 3% 9% Pyrolysis gasoline 2% 15% Cracker Bottoms 0% 4% Fuel gas 14% 21% Total 100% 100%
• Ethane is typically competitive feedstock due to high ethylene yields. • However, using naphtha as feedstock also provide opportunities to create
value through C3/C4 derivatives
*Typical yield
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Private & Confidential
Potential product/feedstock opportunities
New naphtha cracker create new product opportunities along value chain
Butadiene
TDI/HDI
Light Naphtha
PTA
PA Plasticizer
MMA PMMA
Caprolactam Nylon
PET
EB/SM
Epoxy resins
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Private & Confidential
Production (KTA) Ethylene 500 Propylene 261
OLE 1
OLE 2/1
OLE 2/2
OLE3
LN - internal
BV Unit
Ethane - PTT
LPG - internal
Ethylene
Propylene
Butadiene
Mixed C4
Pygas
Hydrogen
Fuel gas
New Existing
Ethane/Propane/LPG
New Flexible Feed
Cracker
Internal or
Import LN
Import feedstock
LPG
Project Diagram
Build new Cracker 500 (KTA) for flexible feed cracker to utilize internal LN
Maximize utilization of the existing utilities and support facilities to reduce investment cost
Project outline
MTP Retrofit Outline
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Private & Confidential
SAPs
TPE PA9T SSBR ABS+NdBR
Olefins product management/derivatives development
Unit: KTA @ 8400 hr/yr
TSL Styro. BST
HMC Aditya
Unit: KTA
C4/Others • Opportunity to extend the derivative product in C4 chain
(e.g. Synthetic rubber). • Maximize existing facilities and utilities.
Propylene • Ensure that downstream business will be secure, including new
project. • Explore opportunity to extend chain with PTT group
collaboration.
Ethylene • Be able to well support new downstream business e.g. mLLDPE
400KTA. • More flexibility in ethylene allocation among customer &
new investment
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Private & Confidential
Strategic location of each plant in Map Ta Phut Industrial Complex
These also benefit from location that all plants and facilities are located in Map Ta Phut area, which are able to connect through piping network.
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Private & Confidential
OLE1
(I-1)
OLE2
(I-4)
OLE3
(PTTPE)
Top View over OLE1, OLE2, OLE3
Top View over OLE1, OLE2, OLE3
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Private & Confidential
Location consideration
55103 m2
Naphtha tank
Propylene tank
Ethylene tank
Administrative Office/
Etc.
Cracker Process
Cooling Tower
Treated Water
Fire Water
Waste Water Treatment
Land preparation and facilities relocation is required in olefins I-1
Olefins I-1 (OLE 1) layout:
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Private & Confidential
Summary of project consideration
Key consideration
• The project will enhance PTTGC’s feedstock flexibility and sustain derivative production.
• PTTGC will be able to maximize value creation from internal feedstock.
• PTTGC can explore and capture opportunities with new derivatives along value chain
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Private & Confidential
Thank You