Key Forces Impacting Global Petrochemicals Marketseliteconferences.com/pdfs/2018/004_Peter_Callais... · 2018-11-06 · PP + PE Rigid PP Inj Packaging PE Inj Packaging 7,218 8,481

Key Forces Impacting Global Petrochemicals Markets

Presented by Dr. Peter Callais, VP Global Sales Townsend Solutions 1 November 2018

Indian Petrochem 2018 | November 1-2 Mumbai

© 2018 Townsend Polymer Services & Information, DBA Townsend Solutions. All rights reserved. No portion of this report may be photocopied, reproduced, retransmitted or otherwise distributed in any form without prior written consent, with the exception of any internal client distribution as may be permitted in the agreement between Townsend Solutions and client. Content reproduced or redistributed with Townsend Solutions’ permission must display “Source: Townsend Solutions”. The information contained herein is from sources considered reliable. However, because of the possibility of human or mechanical error by sources, its accuracy and completeness are not warranted, nor are the opinions and analyses which are based upon it, and to the extent permitted by law, Townsend Solutions shall not be liable for any errors or omissions or any loss, damage or expense incurred by reliance on information or any statement contained herein. For more information please contact Townsend Solutions corporate headquarters at +1-281-873-8733 or email [email protected].

Important Notices


Corporate Profile

We are a culturally diverse team of handpicked petrochemical professionals. Our team is representative of over 20 different countries, allowing us a very broad global footprint, and unique understanding of local markets.

Townsend Solutions was founded to provide market research, analysis, strategic consulting and advisory services to the petrochemical industry.

1977

2018

What we do

- Consulting - Advisory Services - Market Reports - Databases - Resin Pricing - Intelligence - Surveys


Global Megatrends

Megatrends are long-term, transformational processes on a global scale with a broad scope and dramatic impact. Plastics play a major role in supporting “quality of life”


Global Megatrends

Examples of the impact in specific PE and/or PP applications

middle

class +3 billion

people

average life

expectancy +10

years

food needed +30%

road

transportation +100%

population

living in cities 70%

primary

energy

needed +45%

water

needed +50% population over

age 60 21.5%

Source: Townsend Solutions

Plastics have the opportunity to continue playing a major role in

supporting these macro trends impacting quality of life issues

Water Pipes: HDPE Bimodal PP Random

Wire & Cable: LDPE LLDPE

Consuming more, for longer

Geomembranes: LDPE LLDPE

Agricultural Film: LLDPE, EVA

Food Packaging, Shrink and Stretch Film, Crates and Pallets: HDPE/LLDPE/LDPE/PP

New Packaging: HDPE/LLDPE/LDPE PP

More wealth, more consumption

New Packaging: HDPE/LLDPE/LDPE PP

Solar Panels: EVA,POE


*Total is not the sum of separate categories due to overlap

Plastic Packaging Segments Targeted for Fundamental Redesign & Innovation in the “New Plastics Economy”

• Total is not the sum of separate categories due to overlap • Source: World Economic Forum and Ellen MacArthur Foundation, The New Plastics Economy – Catalysing action (2017,

http://www.ellenmacarthurfoundation.org/publications)

PE/PP: weight reduction supported by new intelligent designs

PE/PP: mono-material (single or multi layers) based on PE or PP, replacing multi-material

PE/PP: replacing PVC, PS and EPS in several markets

PE/PP: risk of being replaced by other solutions

Page 7 | Confidential & Proprietary Annual Blow Molding Conference | October 8-10, 2018 Pittsburgh, Pennsylvania

Flexible vs Rigid in the Packaging Industry (kt)

5,332 6,640 8,206 10,676 1,663 2,021

2,417 3,156

7,620 9,873

11,680

15,004 13,294

16,118

18,038

21,566

-

10,000

20,000

30,000

40,000

50,000

60,000

2007 2013 2017 2022

PP + PE Flexible

PP Flex Food Pack PP Flex Non Food Pack

PE Food Pack PE Non-Food Pack

4,140 4,663 5,484

6,828

3,078

3,818

4,217

5,085

-

2,000

4,000

6,000

8,000

10,000

12,000

14,000

2007 2013 2017 2022

PP + PE Rigid

PP Inj Packaging PE Inj Packaging

7,218

8,481

9,701

11,913

4.2% py

3.0% py

27,909

34,652

40,341

50,403

3.8% py

4.6% py

Market share of flexibles keep growing, from 79% in 2007 to 81% in 2022 PE represents 74% of flexible and 43% of rigid packaging


Where the consumers are: Population

Watch as India surpasses China in 2022 becoming the worlds most populous country, Nigeria grabs the third rank over the United States by 2049, and Pakistan becomes fifth by 2057 During the one-child policy, life expectancy in China improved from 67 to 75 and fertility rate decreased from 2.8 to 1.7 resulting in an increase in older citizens, and a decrease in population


Numberof PeopleGlobally

Year

7.6 billion People in 2018

Global Pop CAGR since 1951 is 1.61%, but for Urban Pop its 2.51%

4.2 billion Urbanites in 2018

Total Pop

Urban Pop

Urbanization: Population Shift

Year Population Urban Pop Urban Pop % 1900 1.6 billion 0.2 billion 13 % 1951 2.6 billion 0.8 billion 30 % 1985 4.9 billion 2.0 billion 41 % 2018 7.6 billion 4.2 billion 55 %

Agriculture (film, geomembrane, etc.);

Automotive (paneling, parts, tires, seats, coverings);

Building & Construction (pipe, windows, flooring, siding, etc.);

Electrical & Electronic (power transmission, cabling, etc.);

Retail & Grocery (as people move to cities, become more urban, they use more packaged products less bulk).

Key Plastic Markets

Impacted


Evolving Food Tastes

Healthier Choices Brand Experience Lifestyle Fit

Taste, Price Convenience

Food Tastes are Changing Fat-free, meet gluton-free, dairy-free and preservative-free! Consumers are looking for healthier choices across the board, driving innovation throughout the packaging space: • Resealable packaging / recloseable spouts • On-the-go packaging • Carton & pouch formats to replace BPA-lined cans • Slider & zipper locks • Leak proof closures • Powder/liquid mixing & scoop solutions (shots, supplements) • Better aesthetics / brand experience • Reverse labeling (calories in front) • Flexible multi-layer packaging versus rigid, monomaterial

packaging • Flexible packaging brings lightweight, pouch formats, flexibility…

but multi-layers packages are hard to recycle! Rigid mono-material packages brings recyclability


• Speed and convenience are king • Both ship-from, and ship-to options are expanding at a breakneck

pace • Additional distribution centers to get closer to customers • Store-level fulfillment operations • Pop-up delivery services, vans, personal vehicles

- Products spend less time in secure palletized format - Opportunities for shifts in orientation and drops

significantly increased • In-store pickup is growing in popularity. Also known as

“Webrooming” aka “ROPO” (research online and purchase offline), the process of researching products online and then visiting a store to make a purchase is especially popular with millennials and is already being embraced by many big-box retailers.

• Subscription based relationships between brands & consumers

Other Key Forces

Packaging for the on-line shopping supply chain On-line shopping is THE disruptor for traditional retail based supply chains. With home delivery becoming more and more popular, packaging needs to be optimized to consider (new) transport and storage conditions

How can a package and a closure affect the purchasing decision in this new environment? !


E-hailing, ride-sharing, and other new mobility services is changing consumer behavior

Carmakers, tech companies and governments alike are embracing the transformative implications of having more connected cars and, eventually, autonomous cars on the roads.

Mobility Innovation

Long range electric vehicles are now a reality, and are becoming increasingly more affordable. Bloomberg predicts that by 2040, a third of gasoline fueled vehicle sales will go to their electric counterparts.


Globalization

A wave of nationalism has left many wondering if the trend toward greater global connection has reversed. Support for globalization is under-fire, and 2018/19 will be crucial years for its future, influenced by factors as diverse as the markets it represents.

At a minimum, the global “playbook” is being rewritten… with potentially disruptive impacts on a worldwide scale. On the other hand, business world is disappearing with country borders

• Shifting models for global supply chains

• Future of major trade agreements

• Resurgence of protectionism, tariffs, trade embargoes

• Impact on international and domestic power structures

• Slowing of growth in developing countries …


Global Megatrends: Market Drivers

• Concern for the environment

• Health and wellness

• Time pressure on consumers

• Aging population

• Safety & security

• Cost and value effectiveness

• Brand differentiation

• Enhanced / maintained flavor

Market Drivers

• Light weight closures and neck finishes, flexible packaging

• New closures for healthy beverages

• Re-sealable / portable closures

• Lower removal torque

• Enhanced functionality / performance

• Consistent reliable tamper evidence

• Promotions and traceability

• Longer shelf-life

Plastics Packaging

Solutions

Plastics Key Advantages

Cost & Volume Reduction

Recyclability Energy & Water

Efficiency

Plastics packaging applications will continue to grow due to core advantages and ability to address key market needs


Global Supply/Demand Analysis - Overall forecast

Globally, polyethylene capacity for the next 10 years will grow to almost 146 MM tons, almost 42 MM tons over 2015.

This extra volume will be spread out through different regions, 24% of that extra capacity coming from North America, followed by China with 23%.

For the last 5 years, North American capacity share has reduced from 23.4% (2010) to 19.5% (2015) and this boom of new capacities coming on line in the next 10 years will bring that share to 20.8%, still significantly less than past share as production continues to globalize for developing world polyethylene growth

China is definitely the winner in terms of capacity share moving from a 12.3% in 2010 to 17.0% in 2026 to provide product for the huge domestic market despite limited access to competitive feedstock

-

20,000

40,000

60,000

80,000

100,000

120,000

140,000

160,000

Polyethylene Capacity (KTPA)Afr ica

Japan

India

Central South America

Central Eastern

Europe

Western Europe

China

Asia Pacific

Middle East

North America


North America

21%

Middle East

17%

Asia Pacific

13%

China

17%

Western

Europe

10%

Central Eastern

Europe

8%

Central South

America

6%

India

4%

Japan

2%Africa

2%

2026 Polyethylene Capacity


Globally, polyethylene demand will reach ~150MM tons in the next 15 years, a growth of 3.6% per year, driven

by demographics, consumption of plastics in the developing world, investment in infrastructure and rising of

urban living.

Since 2010, China became the largest consumer of polyethylene in the world with 22.4% of the global market

share while North America was 20.4%. In 2026, this difference will be even larger, 31.1% versus 17.2% as

China continues to grow per capita usage at a faster rate than North Americas usage.

While capacity is growing 42 MM tons, demand tends to grow 55 MM tons necessitating expected

additional capacity growth in the 2024-2026 timeframe.

0

20,000

40,000

60,000

80,000

100,000

120,000

140,000

160,000

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026

Japan

Africa

India

Central EasternEurope

Central SouthAmerica

Middle East

Asia Pacific

Western Europe

North America

China


Polyethylene Demand (kt/y)

China

31%

North America

17%Western Europe

10%

Asia Pacific

11%

Middle East

7%

Central South

America

5%

Central Eastern

Europe

5%

India

7%

Africa

5%

Japan

2%

2026 Polyethylene Demand

Global Supply/Demand Analysis - Overall forecast


Capacity

We are entering a period of global overcapacity which will bring utilization rate to ~78% in 2019 from ~85% in 2015

Additional global capacity is required in the 2024-2026 timeframe (no formal announcements) as global utilization rate trends to above historical levels in ~2023. It takes 5-6 years for a greenfield site, speculative plants will need decide in the next 1-2 years for 2024-2026 startup.

Iran, based on conventional gas, and former Soviet Union countries, with more feedstock potentially available through natural gas, could provide additional capacity to the forecast

Demand

Demand continues to grow organically and steadily in the 3-4% per year range leading to a tightening of supply in 2024 and beyond with utilization rates at unsustainable levels above 85%

Africa and India provide demand upside if their very low per capita consumption rate rises faster than expected


kt

50%

55%

60%

65%

70%

75%

80%

85%

90%

95%

100%

0

20,000

40,000

60,000

80,000

100,000

120,000

140,000

160,000

180,000

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026

Capacity Domestic Demand Exports Production Imports Operating Rate

PE Global Supply/Demand Analysis – Overall forecast


With a huge population and a consumption per capita still at the low levels, India is forecasted to grow at 7.9% per year for the next 15 years

Even with additional capacity been built (~3 MM tons) in the next 15 years, the new volume won’t be enough to sustain the consumption growth. This will create room for imports which will grow from an actual volume of 2.1 MM tons to 4 MM tons in the future.


kt

50%

55%

60%

65%

70%

75%

80%

85%

90%

95%

100%

0

2,000

4,000

6,000

8,000

10,000

12,000

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026

Capacity Domestic Demand Exports Production Imports Operating Rate

Regional Supply/Demand Forecasts – India


Net Trade Balance

3,448

N.

America

-351

W.

Europe

1,735

Asia

Pacific

-1,642

Central

South

America

-2,285

Africa

-1,499

C.E.

Europe

-12,911

China

-13

Japan

15,620

Middle

East

-2,101

India

Over 70% of global PE usage is produced domestically within region/country

However, PE is a global business with six of the top ten global PE suppliers having production presence in multiple regions since footprint in different markets is critical for global customers. Global producers tend to maximize their returns based on access to markets, assets, grade (product) slate and customer penetration strategies.

Today, the cross-regional trade flows (~30% of total usage) of polyethylene are dominated by Middle Eastern product


2,000-4,000

1,000- 2,000

500 – 1,000

>4,000

Net Importer

Net Exporter

annual

volume

(kMT)

Major Global PE Trade Flows - 2017


6,625

N.

America

-353

W.

Europe

3,786

Asia

Pacific

-906

Central

South

America

-3,483

Africa

C.E.

Europe

-19,239

China

57

Japan

Net Trade Balance

14,686

Middle

East

-4,002

India

2,000-4,000

1,000- 2,000

500 – 1,000

>4,000

2,829

Global trade volume is expected to grow by an additional ~17% between 2021 and 2026 to 36.9m tons annually

China remains the mega trade destination with 5 regions shipping over 1 MM tons per year

North America adds significant volume to four regions (China, WE, Africa, India) beyond current Central/South America flow of over 1m tons per year

India and Africa will become 2nd and 3rd largest import regions with combined volume of 7.5Mt/y


annual

volume

(kMT)

Net Importer

Net Exporter

Major Global Polyethylene Trade Flows – 2026


Which products will be produced in US?

PE? mLL? C4? HDPE? Unimodal? Bimodal?

Which products can CSA accept?

Which products can Africa accept?

Which products can Europe accept?

Which products will be produced in Asia and ME?

PE? mLL? C4? HDPE? Unimodal? Bimodal?

PE Exports from USA – Real Impact


Shale Well Gas Processing /

Fractionation

Cracker /

PE Facility

PE Converter

Plastics

Manufacturer

Consumer

Packaging Facility

Origination Port

Foreign

Destination Port

Pipeline Pipeline

Truck

Truck

Rail

Container

Ship

Truck

Rail

Truck

North America Supplying Domestic & Global PE Value Chain


Exports from USA

HDPE27%

LDPE10%

LLDPE63%

USA Maritime Exports - 2018

HDPE41%

LDPE13%

LLDPE46%



Exports from USA (HDPE & LLDPE)

Bi-Modal22%

HDPE59%

HMWHDPE18%

UHMWHDPE1%


Bi-Modal23%

HDPE55%

HMWHDPE20%

UHMWHDPE2%


C4LLDPE29%

C6LLDPE0%

C6mLLDPE58%

C8LLDPE3%

C8mLLDPE4%

POE4%

POP2%


C4LLDPE27%

C6LLDPE1%

C6mLLDPE43%

C8LLDPE11%

C8mLLDPE5%

POE10%

POP3%


41% 45%


Stakeholder Impact (Simplified)




Impact on Media

June’s National Geographic

magazine cover resonated

across the world.

• Plastic debris (plastics leakage) in our oceans has emerged as a new global challenge

• Highly driven by growing economies in emerging regions

• Impact on plastics demand growth is nominal




Impact on Regulation and Legislation

As of mid-2018

over 850

cities/states in

more than 60

countries have

enacted legislation

to either ban or

charge a fee for

using plastic bags. Current locations where plastic bags were banned (green) or where fees are implemented (blue)

http://www.factorydirectpromos.com/plastic-bag-bans




Upcycling: Creative Value Addition

Upcycling, or Creative Reuse, is the transformation of used objects or materials to

materials or products of a higher quality or that are better for the environment.

• Nike upcycles post-consumer waste into simple polypropylene shoe packaging.

• Not only is the packaging for the NikeLab Air Max 1 Royal made from recycled materials, but it can also be used as a backpack.

Courtesy of dezeen




New mindset is driving the de-

coupling of economic growth from

the use of natural resources.

• Led by the Ellen MacArthur Foundation, The New Plastics Economy initiative brings together key stakeholders to rethink and redesign the future of plastics, starting with packaging.

• With a growing list of “core partners” including key brand owners like Coca-Cola, Mars, Danone, PepsiCo & Unilever and “participants” including producers like Borealis, BASF & DuPont, the initiative is gaining traction throughout the plastics value chain.

Sustainability: Circular Economy – Non-Government Organizations

Source: Ellen MacArthur Foundation




Industry Initiatives: The Recycling Partnership

• The Recycling Partnership helped generate $29 million in total infrastructure investment since 2014.

• The goal is to reach $33 million by the end of 2018.

• The Recycling Partnership is a national nonprofit working hand in hand with communities and companies to improve recycling for the environment, the economy, and families.

• The Recycling Partnership is made possible by corporate backers that spur matching government grants for local projects.


Industry Initiatives: Investments

• LyondellBasell announced Nov. 27, 2017 that it will be a 50 / 50 partner with SUEZ in Quality Circular Polymers (QCP), a plastics recycling company in the Netherlands.

• Starting in 2018 the Sittard-Geleen facility will be capable of converting consumer waste into 35,000 tons of high quality polypropylene (PP) and high-density polyethylene (HDPE) per annum. They currently convert 25,000 tons pa, and plan to convert 50,000 tons pa before 2020.

• This is the first time plastics & chemicals and resource management join to realize the circular economy vision.

• In July 2016 Borealis finalized the acquisition of sister companies mtm plastics and mtm compact, technology leaders in the recycling of mixed post-consumer plastic waste and among Europe’s largest producers of post-consumer polyolefin recyclates.

• Borealis is marketing this acquisition as an opportunity to deepen their engagement in plastics recycling, driven by their commitment to the principals of circular economy.


What is the Size of the Risk for Polyolefins?

Townsend methodology divided the

polyolefin market in two categories,

Consumable, a product that is intended

to be used up relatively quickly and

Durable, goods not for immediate

consumption and able to be kept for a

period of time. Later, each group was

split into other categories according to

the length that it takes to use the product

and the type of use we have, application

by application.


For Polyethylene, Impact of Potential Regulations

Consumable 72.6%

Durable 27.4%

Polyethylene

8.9%

63.7%

14.6%

11.8%

1.0%

Multiple

Single

Long

Mid

Short

0.0% 20.0% 40.0% 60.0% 80.0%


For Polypropylene, Impact of Potential Regulations

Consumable 62.1%

Durable 37.9%

Polypropylene

22.8%

39.3%

25.0%

9.1%

3.8%

Multiple

Single

Long

Mid

Short

0.0% 10.0% 20.0% 30.0% 40.0% 50.0%


Megatrends are long-term, transformational processes on a global scale with a broad scope and dramatic impact

middle

class +3 billion

people

average life

expectancy +10

years

food needed +30%

road

transportation +100%

population

living in cities 70%

primary

energy

needed +45%

water

needed +50% population over

age 60 21.5%

Forecasted Changes Through or As Of 2050


Plastics have the opportunity to continue playing a major role in supporting these

macro trends impacting quality of life issues

Continuous necessity of additional ethylene/polyethylene and

propylene/polypropylene capacity to attend the global demand

Global Megatrends


Wire and cable for energy transmission 45% more energy LLDPE ZN and LDPE

Solar panels High VA EVA and POE

Films for battery separators UHMWPE and PP

Medical devices such as syringes 10+ Years of Average Life

Expectancy

21.5% population over

60+

PP Homo and Random

Adult diapers Non Woven PP Homo

Medical apparel Non Woven PP Homo

Medicine bottles PP Homo and Random

and HDPE

New packaging and closure systems (lower torque) PP, HDPE, LLDPE and

mLL

Gas pipes HDPE Bimodal

Insulation and jacketing HDPE

TREND APPLICATION TECHNOLOGY

Megatrends Escalate High Value PE and PP Usage


Drainage pipes 100% more roads HDPE Uni and Bimodal

Geotextiles for soil stabilization/infrastructure HDPE, LLDPE and PP

Agricultural films for crop protection 30% more food LLDPE ZN and mLL and

LDPE

Crates and pallets to transport and protect food HDPE Unimodal and PP

Homo and Impact

Shrink and stretch film to transport and protect food LLDPE ZN and mLL and

LDPE

New packaging and closure systems (lightweight) MLL, HDPE Bimodal and

PP

New packaging systems mLL, HDPE Bimodal and

PP

New packaging and closure systems (tamper

evidence/traceability) PP and HDPE Bimodal

New flexible packaging All polyolefins

New packaging and closure systems

(recyclability/monomaterial)

mLL, LLDPE Zn, HDPE

Bimodal and PP




High-rise buildings (cold and hot water transportation) 3 billion people middle-

class

70% world population

living in cities

HDPE Bimodal, PEX and

PP Random

Sewage infrastructure HDPE Uni and Bimodal

and PP Impact

Packaging in general All polyolefins

New transportation modes and vehicles PP Impact and PP Homo

New and more efficient appliances PP Homo and Impact

Consumer products, housewares, furniture, etc PP Homo, Impact and

Random and HDPE

Potable, irrigation and wastewater pipes 50% more water needed HDPE Bimodal

Geomembranes for ground water protection LLDPE ZN and mLL

HDPE Bimodal

New electric motors, capacitor films PP Homo

Landfill protection, storage, chemical treatment ponds PP and HDPE Bimodal




Downgauging and weight reduction New Plastics Economy High value Met LLDPE,

Bi-Modal HDPE (film),

HMWHDPE (injection)

Plastics Recycling Monomaterial, LLDPE is

the material of choice

Plastics Bans Single-use short life

plastics

(-) LESS STANDARD PEs and PPs

(+) VALUE ADDED PE AND PP SOLUTIONS

(+) GRADES THAT ALLOW DESIGN NEW END-PRODUCTS

THAT USE LESS RESIN, MORE EFFICIENT OR BETTER

PROPERTIES

Plastics have the opportunity to continue playing a major role in supporting these macro trends, impacting

quality of life issues




Efficiency/Scale remains key. The business is global upstream and downstream.

Access to growing markets, implementing regional market strategies

Impossible to avoid having a recycling/sustainability strategy along with the main virgin resin producer strategy

Differentiation and selectiveness in markets and applications, especially into higher value-added markets

Final Thoughts


Thank you!

Peter Callais Townsend Solutions

[email protected]

QUESTIONS?

Contact Us

NORTH AMERICA +1-281- 582-0150 Mr. Peter Callais [email protected]

EUROPE +1-281-582-0477 Mr. Roberto Ribeiro [email protected]

MIDDLE EAST +973 3 361 0928 Dr. Raed AlZubi [email protected]

LATIN AMERICA +55-11-99829-0134 Ms. Simone de Faria [email protected]

SE ASIA +65-9687-0420 Mr. Stephen Moore [email protected]

CHINA & TAIWAN +86-139-1011-6870 Mr. Stanley Wang [email protected]

INDIA +91 9727225049 Mr. Sunil Sharma [email protected]

JAPAN +81-90-8345-4741 Mr. Riichiro (Rick) Nagano [email protected]

SOUTH KOREA +82-10-9023-0127 Mr. JM Han [email protected]

CATALYSTS & TECHNOLOGY +1-281-582-0155 Mr. Cliff Lee [email protected]

FEEDSTOCKS, PLASTICS & POLYMERS +1-281-582-0477 Mr. Roberto Ribeiro [email protected]

PLASTIC ADDITIVES +1-281-582-0150 Mr. Peter Callais [email protected]

BIOPLASTICS & RECYCLING +55-11-97212-1751 Ms. Paula Leardini [email protected]

MARKETS & APPLICATIONS +1-281-582-0473 Ms. Barb Mitchell [email protected]

RESIN PRICING +1-281-582-0133 Ms. Terry Bourgeois [email protected]

Corporate Office 509 North Sam Houston Parkway East, Suite 500 Houston, Texas 77060 USA Phone: +1-281-873-8733 Fax: +1-281-875-1915 www.townsendsolutions.com

Documents

Key Forces Impacting Global Petrochemicals Marketseliteconferences.com/pdfs/2018/004_Peter_Callais... · 2018-11-06 · PP + PE Rigid PP Inj Packaging PE Inj Packaging 7,218 8,481