PETpla.net Insider 05 / 2013

MATERIAL / RECYCLING 12 PET planet insider Vol. 14 No. 05/13 www.petpla.net On February 20, the Ninth International «PET 2013» Conference took place, organised by the Inventra company, part of the Creon Group. Major trends for the Russian PET industry were discussed by industry experts: the Russian PET industry is becoming less dependent on imports due to the gradual growth of domestic capacities. At the same time there are signs of shortages in the raw materials required for the production of PET and this opens up new investment opportunities for the leading Russian oil companies. In his welcome address, Sandjar Turgunov , General Director of Creon Energy, suggested that the key play- ers of the market share their forecasts on market development and reveal their plans for the diversification of production bearing in mind a possible ban on PET for packaging of alcoholic beverages. PET markets worldwide David Swift , Managing Director of PCI PET Packaging and a traditional participant of the Conference, spoke about the influence of the global oversupply crisis on PET business in Europe and presented data on the world PET market. In 2012, the high cost of PET raw materials, especially, paraxylene, resulted in a slowdown in the developed economies, which fostered growth of local producers in emerging markets. Thus, some regional markets were now becom- ing self-sufficient in raw materials. Asia-Pacific countries were the growth leaders. Their share in total volume of world production capacities reached 54.7%. Leading positions are occu- pied by China: it accounted for 18% of the world demand in 2012. In his presentation the speaker also pre- sented data on the dynamics and the main components of price spreads on PET. In particular, he noted that in November 2012 the margin of PET manufacturers in Asia and elsewhere was typically below full cash cost. The PET market in Russia – The PET 2013 Conference in Moscow Growth of PET capacities – shortage of raw materials