Skip to main content

Petrochemicals and CPEC

https://www.brecorder.com/2018/01/09/391521/petrochemicals-and-cpec/



 BR RESEARCH JAN 9TH, 2018 0 VIEWS: 225

The investment starved chemical sector received a boost when Engro Polymer announced its investment plans to the tune of Rs10 billion. The purpose of the investment is expansion of production of PVC, for which Engro Polymer is a market leader. The impetus of the investment is quiet clear given that the company posted its highest ever sales for the nine month period ending September 30, 2017.

World demand for PVC is primarily determined by construction activities. Globally, the production capacity for PVC is about 62 million tons in 2016, up from 8 million tons in 2012 showing the rising use of PVC. The most important applications for PVC are pipes and fittings that consume about 43 percent of PVC production. Other major PVC applications are profiles and tubes, rigid film and sheet, and cables all of which are used in construction.

Since construction activity is historically very low currently in Europe, PVC demand is being driven by India, Asia and Middle East; the biggest market for PVC at 47 percent is Northeast Asia. Construction activity in India led the PVC market to increase by 10 percent with pipes and fittings consuming 74 percent of production. It is heartening to note that the significant rise in India’s demand is still far below the rise in demand in Pakistan; EPCL estimates that Pakistan’s PVC demand has risen by 33 percent in the last quarter as compared to the same period last year.

ADVERTISEMENT

Ad

As construction activities take off under the banner of CPEC, more and more industries will benefit. The rise of petrochemical intermediaries will provide opportunities for polymer industries and hence boost the plastics industry. The CPEC plan shared as yet, though obscure, does point to the necessity of setting up of petrochemical industries in the southern zone aka in Baluchistan.

Much has been said regarding the importance of a naphtha cracker being set up in Pakistan. In a recent interview that BR Research with Zubair Tufail, the chairman of Pakistan Chemical Manufacturers Association, he identified Engro Polymers as one of the companies that has enough clout and incentive to take the lead for the setting up of a naphtha complex (for more information read “Naphtha cracker to be set up in Pakistan in the next 5 years” published on December 22, 2017). He indicated that the complex will most likely be set up in Baluchistan. Though talk of the naphtha cracker has remained just that, talk, large scale investments in the chemical sector are steps in the right direction for its development

Comments

Popular posts from this blog

SSG Commando Muddassir Iqbal of Pakistan Army

“ Commando Muddassir Iqbal was part of the team who conducted Army Public School operation on 16 December 2014. In this video he reveals that he along with other commandos was ordered to kill the innocent children inside school, when asked why should they kill children after killing all the terrorist he was told that it would be a chance to defame Taliban and get nation on the side. He and all other commandos killed children and later Taliban was blamed.
Muddassir Iqbal has deserted the military and now he is  with mujahedeen somewhere in AF PAK border area”
For authenticity of  this tape journalists can easy reach to his home town to interview his family members or   ISPR as he reveals his army service number”
Asalam o Alaikum: My name is Muddassir Iqbal. My father’s name is Naimat Ali. I belong to Sialkot divison (Punjab province), my village is Shamsher Poor and district, tehsil and post office  Narowal. Unfortunately I was working in Pakistan army. I feel embarrassed to tell you …

The Rise of China-Europe Railways

https://www.csis.org/analysis/rise-china-europe-railways

The Rise of China-Europe RailwaysMarch 6, 2018The Dawn of a New Commercial Era?For over two millennia, technology and politics have shaped trade across the Eurasian supercontinent. The compass and domesticated camels helped the “silk routes” emerge between 200 and 400 CE, and peaceful interactions between the Han and Hellenic empires allowed overland trade to flourish. A major shift occurred in the late fifteenth century, when the invention of large ocean-going vessels and new navigation methods made maritime trade more competitive. Mercantilism and competition among Europe’s colonial powers helped pull commerce to the coastlines. Since then, commerce between Asia and Europe has traveled primarily by sea.1Against this historical backdrop, new railway services between China and Europe have emerged rapidly. Just 10 years ago, regular direct freight services from China to Europe did not exist.2 Today, they connect roughly 35 Chinese…

CPEC Jobs in Pakistan, salary details

JOBS...نوکریاں چائنہ کمپنی میںPlease help the deserving persons...Salary:Salary package in China–Pakistan Economic Corridor (CPEC) in these 300,000 jobs shall be on daily wages. The details of the daily wages are as follows;Welder: Rs. 1,700 dailyHeavy Duty Driver: Rs. 1,700 dailyMason: Rs. 1,500 dailyHelper: Rs. 850 dailyElectrician: Rs. 1,700 dailySurveyor: Rs. 2,500 dailySecurity Guard: Rs. 1,600 dailyBulldozer operator: Rs. 2,200 dailyConcrete mixer machine operator: Rs. 2,000 dailyRoller operator: Rs. 2,000 dailySteel fixer: Rs. 2,200 dailyIron Shuttering fixer: Rs. 1,800 dailyAccount clerk: Rs. 2,200 dailyCarpenter: Rs. 1,700 dailyLight duty driver: Rs. 1,700 dailyLabour: Rs. 900 dailyPara Engine mechanic: Rs. 1,700 dailyPipe fitter: Rs. 1,700 dailyStorekeeper: Rs. 1,700 dailyOffice boy: Rs. 1,200 dailyExcavator operator: Rs. 2,200 dailyShovel operator: Rs. 2,200 dailyComputer operator: Rs. 2,200 dailySecurity Supervisor: Rs. 2,200 dailyCook for Chinese food: Rs. 2,000 dailyCook…