Plastics and chemicals are truly the building blocks of contemporary civilization. Petrochemicals are used to produce thousands of everyday products, including plastics, medicines, cosmetics, furniture, appliances, electronics, prosthetic limbs, solar panels, and wind turbines.
This unique 5-day The Energy Training Centre training course is designed to help participants understand the value of petrochemicals, identify success factors that boost financial performance, and explore strategies for overcoming industry challenges.
In this Understanding the Global Petrochemical Industry training course, participants will learn to:
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Understand basic refining operations and the business of petrochemicals
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Identify the seven basic chemicals, the rearrangement of hydrocarbon chains, and how to measure conversion and yield in a refinery
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Recognise the benefits and challenges of integrating refining with petrochemical production
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Distinguish the petrochemical participation concept, including examples of strategies and business models used by IOCs, NOCs, and non-oil companies
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Assess project management considerations, including technology selection, capital investment, and operating costs
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Explore petrochemical innovations, industry challenges, and future trends
By the end of the training course, participants will be able to:
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Gain a broad, informed perspective of the global petrochemical industry
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Enhance their understanding of petrochemical operations, refining, demand forecasting, contracts, pricing, distribution, and sales
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Master the petrochemical value chain — from crude oil to finished plastics, polymers, and other synthetic materials used daily
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Evaluate petrochemical markets, strategies, and business models
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Confidently discuss technical terms, concepts, and industry trends with peers and clients
This dynamic, highly interactive course encourages active participation through group discussions, practical exercises, case studies, quizzes, and short videos illustrating petrochemical operations, environmental and safety considerations. Real-world scenarios and workplace issues will be used to reinforce learning and skills.
Organisations will benefit through employees who can:
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Gain a general management perspective of the global petrochemical business and recognise the success factors behind various business models
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Understand how innovations in petrochemicals and energy drive economic growth and improve global living standards
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Align innovation and operational excellence with shareholder value creation
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Address core issues, strategies, and essential concepts for running a successful petrochemical business
Participants will:
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Enhance both technical knowledge and business skills in the petrochemical industry
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Strengthen business acumen by learning techniques that improve capital productivity and operational efficiency
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Understand value chain optimisation and apply it to improve stakeholder value
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Recognise the success factors, strengths, and weaknesses of different petrochemical industry players — NOCs, IOCs, pure chemical companies, and pure refining companies
This Understanding the Global Petrochemical Industry training course is designed to train and improve the business knowledge of a wide range of professionals as follows:
- Geoscience & Engineering Professionals
- Business Development Managers
- Corporate Planning Professionals
- Refinery Professionals
- Supply Planners & Scheduling Professionals
- Government Regulators
- Law Professionals
- Tax & Finance Advisors
- Auditing Personnel
- Compliance Officers
- Equity Analyst And Bankers
- Joint Venture Officers
- Negotiators And Contracting Professionals
- Trading Professionals
Day One: Crude Oil Supply and Refining
- Introduction to Course
- The Essence of International Oil Supply – Global Reserves, Production & Trade
- Introduction to global oil business - Exploration, Extraction, Refining, Marketing, Transportation
- Global Oil Resources – World Oil and Gas Reserves, Production of Oil and Gas
- Industry units – for the USA, Europe, and Asia, Conversion factors
- Crude Oil Classifications
- Crude Oil Quality Indicators, crude oil characterization by Assays
- Crude Oil Distillation – Refined Products
- Oil Industry Units and Conversion factors
- Fundamentals of Oil Economics
- Delivered price of crude oil – the concept GPW (Gross Product Worth)
- Value of Crude Oil and the Determining Factors in Crude Selection
- Introduction to Crude Oil Refining - Distillation
- Refinery Configurations
- Topping
- Hydroskimming
- Cracking
- Coking
Day Two: Refinery Economics and Petrochemicals
- Refinery Development
- Refinery Economics
- Net Refining Margin calculation
- Introduction to Petrochemical
- What are Petrochemicals?
- Oil & Gas Value Chain leading to Petrochemicals – 2
- Classification of Petrochemicals
- How PC derived from Well Head to Products
- PC History and Its Key Role
- The Beginning of the Petrochemical Industry
- Petrochemical Applications in Daily Life
- Petrochemical Applications in Health Care
- Basic Chemistry
- Basic Organic Chemistry
- Key Properties of Organic chemicals
- Classification of Chemicals into Groups
- The Building Blocks in Petrochemicals
- Reactions/Process Technologies Of the Petrochemical Industry
Day Three: Petrochemical Feedstocks, Processes, and Equipment
- Feedstock for Petrochemicals
- The different raw materials for petrochemicals from C1 to C50
- Different feedstock sources for petrochemicals
- World oil refining and petrochemicals output composition
- Difference between fuels and chemicals
- “Alternate Value” of hydrocarbons: Gasoline Pool vs. Petrochemicals
- World gas oil industry’s essential functions
- Petrochemical Processes and Equipment
- The overview of hydrocarbons groups in crude oil
- The basic refining operations and processes
- The working knowledge of essential equipment used in the petrochemical industry,
- Rearrangement of Hydrocarbons chains
- The measure of conversion and yield in the refinery
- Refinery-Petrochemical Integration
- Identify the seven basic chemicals.
- Learn what is meant by the integration of refining and petrochemicals
- Explore what are the benefits and challenges of integrating refinery with petrochemicals
Day Four: Petrochemical Value Chains and Markets
- Petrochemical Value Chains I
- Understand the concept of the value chain
- Understand how a series of upgrades are made from the raw material to the finished products
- Learn how these value chains are optimized
- Understand the chemical linkage from hydrocarbons to end uses
- Petrochemical Value Chains II
- Exploring olefins value chain - ethylene, propylene, and polyvinyl chloride.
- Understanding how their demand is driven.
- Olefins product applications and manufacturing technology
- Petrochemical Markets-Mod9
- The global chemical business.
- Looking at the chemical industry market segments.
- Learning basic market research.
- Learn what forecasting is.
- Explore the forecasting/planning techniques
Day Five: Strategies and Project Evaluation
- Petrochemical Strategies
- Define the petrochemical participation concept
- With examples of Strategies/Business Models of
- International Oil Companies
- National Oil Companies
- Non-Oil Companies
- International oil Companies’ Key Strategies
- National Oil Companies - Chemicals Business Structure and Key Strategies
- Major Non-Oil Companies’ competitive advantage
- Major Business Incentives - Five Categories
- Know about the best in Class Summary
- Understand the critical success factors
- Petrochemical Project Evaluation
- What are project management and its core activities and considerations?
- Project Management Evaluation Steps
- What are the considerations in selecting proper technology, capital, and operating costs for the project?
- Capital Cost estimates accuracy
- The different ways of conducting financial evaluation, measures for its success, and adding shareholder value
- Comparative measures of performance
- Investment Appraisal Methods
- Project Selection Criteria
- Conclusions
- Petrochemical Innovations, Challenges & Future Trends
- What are the drivers for innovations in Petrochemicals
- Innovations in Petrochemicals – Hi-Tech
- Innovations to Meet Market Demand – MTO
- Emergence of Bio-feedstock
- How the unique properties of petrochemicals cater to the different industries?
- What are the refining challenges, future trends, and risks involved in petrochemicals?