This comprehensive program will equip you with essential insights into the promise of AI and its current uses by enterprises, the pivotal role of AI in reshaping infrastructure, and emerging trends in energy consumption and sustainability as a result. Engage in interactive discussions, explore real-world case studies, and discover innovative solutions to the challenges faced by today's AI-energy-datacenter nexus.

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Course Outline

• Explore GenAI's Adoption Patterns: Attendees will learn how artificial intelligence is impacting enterprises globally based on surveys and discussions with industry players, including information on key use cases in various industries.
• Explore AI's Impact on Infrastructure: Attendees will learn how artificial intelligence is reshaping compute, power, network and cooling requirements, including the differences between AI training and inference workloads, and the implications for datacenter design and infrastructure.
• Analyze Energy Ecosystem Challenges: Participants will gain knowledge about the electricity demand growth associated with datacenters, including renewable energy solutions, energy-as-a-service models, and innovative approaches to managing water usage and thermal dynamics.
• Identify Innovation and Investment Trends: The training will cover the latest trends in datacenter technology and investment, including modular builds, AI-powered operations, and the influence of regulatory and ESG considerations on capital flows.
• Engage in Strategic Discussions: Attendees will have the opportunity to participate in discussions that connect the insights from the training to their organizations, fostering strategic thinking about the future of the energy-datacenter nexus.

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This course addresses industry fundamentals, including chemical structures and properties, process technologies, key producers, end-use applications, market sizes, trade patterns and sustainability issues across the key petrochemical value chains.

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Course Outline

• Detailed look at the foundations of the petrochemical industry
• Feedstocks, including natural gas, NGLs, petroleum, coal, and biobased
• Industry's 7 Basic Building Blocks: Syngas, Ethylene, Propylene, C4 Olefins, Benzene, Toluene, and Xylenes
• Exploration of each building block's value chain

• Key downstream polymers
• Polyethylenes – LDPE, HDPE, LLDPE
• Polypropylene – homopolymer, random copolymer and impact copolymer
• Vinyls chain – EDC, VCM, PVC, C/A
• Styrenics – Styrene monomer, GPPS, HIPS, EPS
• Polyester chain – PX, PTA, PET

• Placing the current industry structure into historical perspective
• Interactions
• Unravels the complex synergies underlying the petrochemical industry
• Technology, markets, and economics
• Key market and profitability drivers
• Where are future growth opportunities?

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Instructor(s):

Jan Kalfus,
Executive Director, Chemicals,
S&P Global Energy

Location:

Marriott Marquis, Houston, TX, USA

Advances in sustainable chemistry are essential to the environmental and climate challenges we face. The course offers participants an overview of advances in sustainable chemical production and an understanding of how the markets are reacting to these developments.

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Course Outline

• Agricultural Background & Biofuels
• Legislation overview
• Routes to gasoline, diesel/aviation fuel blending
• Biogas developments, Bio-methanol; RFNBOs – eFuels, hydrogen, etc.
• Market overview, Manufacturing costs
• Carbon footprint and availability of petrochemical feedstocks

• Plastics Recycling
• Scoping the challenge, legislation overview
• Market overview and development
• Technology Solutions; Mechanical; Pyrolysis; Depolymerization; Dissolution; Gasification; New developments hydrothermal liquefaction, etc.
• Production economics; Carbon footprint implications

• Biodegradable Polymers

• Agri Bio-based Plastics & Intermediates

• Carbon Dioxide
• Market overview and development, major sources
• Technology solutions for CCS/CCSU and re-use
• Air capture, Amine systems, colored methanol
• Screening emerging applications
• Comparative production economics

• More Sustainable Petrochemical Building Blocks
• Definitions, Legislation overview as appropriate
• Market overview and development – focus on production
• Low carbon building blocks and footprint
• Alternative approaches to reduction in scopes 1, 2, and 3
• Comparative production economics
• Impact of developments in CO2 pricing on competitiveness

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The dynamics of the global petrochemical industry are changing rapidly and in profound ways. There is more volatility in the markets and many industry participants are adjusting towards just in time sales and purchase agreements.

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Course Outline

• An overview of commercial lexicons

• Commercial optimization along the Value Chain
• → Case Study 1: I smell an optimization opportunityScoping the challenge, legislation overview

• Marketing vs trading
• → Case Study 3: Quality Gap Risk Management

• Evolution of trading centers – Oil and Petrochemicals

• Commercial risk elements Market
• →Case Study 4: Sell at fixed or at formula prices?
• Counterparty
• Credit
• Operations
• →Case Study 5: Your vessel is going to miss the laycan!
• Regulatory
• Political

• Hedging Strategies in Trading
• →Case Study 6: Taking advantage of market contango

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Explore the different considerations involved for short-, medium- and long-term price forecasting. Factors like feedstock cost, by-product values, variable & fixed costs elements will be discussed and considered. Concepts like industry cost curves will also be explained. Along with S& detailed supply-demand methodology, these will all be brought together to assess historical margins, industry operating rates and return on investments – all to forecast petrochemical prices based on grounded fundamentals. This is a hands-on workshop as there will be case studies for attendees to work on for every aspect of the price forecasting process.

Bring your laptops with you for this workshop; you will need it!

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Course Outline

• Price Definitions & Forecasting Methodologies
• Short-, Mid- and Long-term

• Short-term Forecasting Techniques/b>
• Linear regression analysis method; Other techniques (in brief)
• → Case Study #1: Forecasting the next five months' prices (*selected petrochemical product, polypropylene in this case)

• Medium-Term Forecasting Techniques/b>
• Integrated Case Study Introduction ; Production Cost Analysis; Underlying energy and feedstock values; Feedstock, variable, fixed costs, and co-product credits; Alternative values; Production cost model
• → Case Study #2: Case Study #2: Cash Cost of Production (* selected petrochemical product
• Historical Return on Investments
• → Case Study #3: Estimating Historical Return on Investments (ROI)
• Cost Curves Methodology
• Inherent Margin Analysis; Supply/demand balances
• → Case Study #4a: Case Study #4a: Demand forecast for Year Y
• Impact of operating rates; Market momentum & psychology
• → Case Study #4b: : Global supply-demand-trade flow-operating rates planning for Year Y
Long-Term Forecasting Techniques
• Return on Investment
→ Case Study #4C: Forecast medium-/long-term ROI and prices.
• Diagnostic Checks;
• Price ratios and spreads;
• Regional relationships and arbitrage

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Instructor(s):

Larry Tan,
Vice President, Chemicals Consulting, ASIA,
S&P Global Energy

Location:

Marriott Marquis, Houston, TX, USA

Opportunities and Challenges of Higher Value, Low Volume Market Segments

In the world of large volume commodity resins, such as the polyolefins, vinyls, and styrenics, winners and losers are often determined by access (or not) to cheap feedstocks such as in the Middle East and North America. Consequently, producers in other parts of the world are necessarily becoming increasingly interested in second and third level derivatives to add value This new course will explore a wide variety of some of these downstream products.

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Course Outline

• Key Non-Commodity Ethylene Derivatives
• EO/MEG
• LAOs

• Key Non-Commodity Propylene Derivatives
• Cumene value chain
• Phenol/acetone/BPA
• Polycarbonate
• Epoxy resins
• PF resins
• MMA/PMMA
• Propylene oxide
• Oxo alcohols
• Acrylic acid/Acrylates/SAPs
• Acrylonitrile
• Placing the current industry structure into historical perspective

• Key Non-Commodity C4 Derivatives
• Natural Rubber versus Synthetic Rubber
• PBR/SBR, Butyl, EPDM, NBR, IR
• MEK
• Maleic anhydride/UPRs
• 1,4-BDO/THF/GBL/NMP/PVP
• MTBE

• Key Non-Commodity Aromatic Derivatives
• ABS
• Nylon 6,6 and Nylon 6
• Polyurethanes
• MDI/TDI
• Polyether polyols

• Key Non-Commodity C1 Derivatives
• Syngas/Methanol
• Acetic acid/VAM, PVAc, PVB
• Formaldehyde
• UF/PF/MR Resins
• Polyacetals

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Recent policy decisions have raised expectations of a sharper growth in power demand. Increased investments in different power technologies for generation, transmission and distribution are creating new challenges for the market players. The rise in wind and solar deployment in power systems, originally built for firm generation, is posing potential complications, but at the same time opening opportunities to monetize the accompanying price volatilities.

This comprehensive course will help you to understand the dynamic power market and gain an overview of its commercial dimensions, as growing geopolitical fractures reshape cleantech supply chains and cost structures.

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Course Outline

• Industry structure and regulation
  • Current structure of the US electricity industry
  • Hybrid regulatory structure

• Drivers of electricity demand
  • Evolution of drivers of electricity demand
  • Relative stagnation over the past decade
  • Latest trends; data centres, AI, cryptocurrencies, EVs, etc.

• Electricity supply trends
  • Historical trends and current state
  • Drivers shaping the US supply portfolio
  • Transformation of the power supplier mix: gas, renewables, nuclear, etc.

• Prices and revenue
  • Drivers and variations of wholesale market prices
  • Captured revenue by technology
  • Missing Money dilemma

• Power trading
  • Contracts and settlement
  • Wholesale, imbalance and marginal pricing
  • Volatility and hedging

• Key trends and issues for the decade ahead
  • Meeting the resurgent demand growth
  • How markets may evolve
  • Scenarios and a range of potential outcomes

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Oil market experts teach this 1-day course, delivering a concise and powerful history of the oil market, oil demand and supply, and geopolitics to understand the present and how the future may unfold. It provides an overview of oil and the forces shaping the oil and energy markets as the energy transition moves ahead.

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Course Outline

• Global energy fundamentals
• Structure of the world oil industry
• Oil Market History (part 1):
• Oil demand and supply
• Forces shaping future of world oil demand
• History of oil supply regulation
• US Shale
• Emergence of OPEC+
• Oil Market History (part 2):
• Factors shaping the oil price today
• The role of futures markets
• Price benchmarks
• Oil and the energy transition: How to think about the future

• Oil Price Discovery and Trading
• Oil Pricing: How does the Brent market work?
• Understanding what the physical trading data represents
• Methodology: How do we arrive at the price?
• Trading: The mechanics of trading physical crude
• Oil Price Forecast

• Benchmarks
• Overview of Platts Oil Benchmarks and assessment methodology​
• Update on Platts Benchmarks: Dated Brent/Urals
• Update on Platts Benchmarks: Platts Dubai/Oman

• Market Outlook
• How to develop an oil price short- and long-term outlook
• Value of scenario framework for forecasting
• Oil market outlook to 2024 and through 2050

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This 1-day training provides a concise yet comprehensive overview of the markets and the value of optionality. Learn about risk management instruments, and deploy them strategically for hedging and price optimisation with management control.

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Course Outline

• Introduction to trading and markets
• Price assessments
• Benchmarks
• Pricing mechanisms

• Identify Commercial Risk
• Risk Assessment Matrix
• Carry and Inverse
• Risk categories

• Risk Management Instruments
• Exchange and OTC markets
• Futures
• Forward
• CFDs / DFLs
• Swaps
• Options

• Risk Management Techniques
• Hedging with futures, swaps, and forwards
• Hedging with options
• Spread trading
• Basis risk
• Exchange for physical
• Structured instruments
• Hedging strategies

• Trading Controls
• Mark to Market
• Value at risk

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This 1-day training provides a concise yet comprehensive introduction to LNG, highlighting its global relevance and the Middle East’s strategic role in supply, trade, and market development. Participants will explore key aspects of the LNG value chain, pricing, and future outlooks in a rapidly evolving energy landscape.

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Course Outline

• Introduction to LNG Value Chain
• What LNG is and its role in global energy markets
• Overview of the LNG value chain: Production, Liquefaction, Shipping, and Regasification

• Current Landscape of the LNG Chain
• Key players: buyers, sellers, and traders
• Project structures and their capacity to meet future demand

• LNG Supply and Demand Fundamentals
• Key producing regions
• Major consumption markets

• LNG Pricing
• Commercial contracts and pricing formula mechanisms
• Contract vs. spot market dynamics, Contracting trends
• Key drivers behind pricing outlook

• LNG & Competing Fuels
• LNG versus traditional and alternative marine fuels

• Short- and Long-Term Market Outlook
• Market trends and projections

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