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Overview of Ethylene extension
in Middle East
October 2005
Energy Situation and Ethylene Demand
2000→2030
Global energy supply
billion toe
16
14
Other
12
Hydraulic power
10
Nuclear power
8
Gas
6
Oil
4
Coal
2
▶ Due to increased production of natural
gas (mainly methane), ethane extraction to
steadily increase
0
2000
2010
2020
2030
2000→2010
Global resources and demand
for ethylene-related products
140
120
million tons / year
energy consumption to increase by 1.7%/year
Coal: 1.4%
Oil: 1.5% (Rise of non-OECD consumption)
Gas: 2.4% (New power station and
increasing fuel conversion)
100
Others
80
N, GO
60
❑ Ethylene demand (≒production) to increase
4.9%/year
- Derived from gas; 30 million tons/year
(6.6%/year) (ethane, propane, butane)
- Derived from liquids; 20 million tons/year
(3.5%/year) (naphtha, gas oil)
E, P, B
40
Capacity
20
0
2000
2002
2004
2006
2008
2010
(Source: METI, Sumitomo Chemical Estimates)
❑ Share derived from gas to increase from
38 to 45%
▶ Use of low-cost ethane gas is
indispensable for future petrochemical
operations
2
Future additional ethylene capacity in Middle East
Company
Saudi Arabia
JUPC
Chevron Phillips
YUPC
Sharq
Iran
Amir Kabir
Maroun PC
Pars PC
Jam PC
Qatar
Qapco
Exxon Mobil
Q-Chem
Kuwait
Equate
2005
2006
2007
（KTA
）
2008
200
250
800
1,200
520
1,100
1,000
1,320
200
1,000
1,300
850
3
Outline of the Rabigh Project: Establishment of a Joint Venture
Transfer of existing
refining facilities to
joint venture
Joint Venture
(Equal Capital Contributions)
Oil Refining
Rabigh
Petrochemicals
Refining facilities (existing)
Crude distillation capacity:
400,000 barrels/day
Upgrading existing
facilities
Building an ethane cracker
and other facilities
Creating an integrated operations from
oil refining to petrochemicals
* Construction to start at end of 2005,
start of operations planned for late 2008
4
Status of the Rabigh Project
Aiming to Start Construction in 4th Quarter of 2005 and
Bringing the Complex on Stream by the End of 3rd Quarter of 2008
An Integrated Complex from Oil Refining to Petrochemicals
<Current>
New Company
Naphtha
Crude
Oil
Topper
Kerosene
400,000 barrels/day
Gas Oil
C4LLDPE
HDPE
(300,000 tons/year)
<Plan> Upgrading oil refining
Gasoline
FCC
Butane barrels/day
Heavy Oil Products, etc.
<Plan> Petrochemicals
Ethane
(250,000 tons/year)
(350,000 tons/year)
Residual Oil
10,000 – 15,000
Easy Processing PE
Ethane
Cracker
Ethylene (about
1.3 million
tons/year)
MEG
(600,000 tons/year)
PP [Homo]
(350,000 tons/year)
PP [Block]
(350,000 tons/year)
950,000 cubic feet/day
Propylene
(0.9 million
tons/year)
PO
(200,000 tons/year)
5
Characteristics of the Rabigh Project
 Ideal
plant configuration for achieving integration with
petrochemical complex
Existing Refinery
* A topper only, readily adaptable for higher utilization of
fractional streams.
 World-scale
processing capacity of 400,000 barrels/day
 Easy access to existing infrastructure
(raw material pipeline, berths, tanks, etc.)
 Olefins
Cost
Competitiveness
from low-cost residual oil at new FCC unit
 Ethylene
 Low
from cheaper ethane & the new ethane cracker
logistics costs due to proximity of Jeddah port (160 km
away) and private port facilities
* Containers availability gives freight cost advantage.
6
Strategic Position in Sumitomo’s Petrochemical Business
Saudi Aramco’s Rabigh Project
Upgrading the world-class oil
refinery at Rabigh
Constructing a large-scale
petrochemical plant
Pursuing economies of scale and synergies from the complete integration
of world-scale oil refining and petrochemical operations
Sumitomo Chemical’s business strategy
and competitive strengths best match the Rabigh project
Securing low-cost feedstock overseas
Mobilizing advanced technologies in petrochemical operations
Utilizing broad marketing base in Asia
Significant earnings enhancement of Sumitomo’s petrochemical business
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