Changing Business Environment

Changing Business Environment An Executive Summary for SABIC based in Saudi Arabia. 8/8/2011 Narsee Monjee Institute of Management Studies, Bangalore India Akshay Kumar akshay.gmat@gmail.com. Ph: +91 98458 04445 Amit Malpani - malpaniamit86@gmail.com. Ph: +91 89514 49035 Sheena Anand - sheenaanand.in@gmail.com. Ph: +91 78299 10412 Introduction The petrochemical intentness is one of the few industries with a steady growth rate. At present, the petrochemical industry is growing at the rate of 8-10% world(a)ly alone in Middle East, it growing much higher at 12-15% in Middle East and expected to reach 21% by 2015. Polymers and synthetic fibre which constitute about 92% of petrochemicals will be having a high growth necessity due to an increase in end-use segments take in of consumer electronics, consumer durables, automobiles & packaging. As of today, the demand of petrochemicals is being met by natural atom smasher and crude oil, which accommodate limited reserves in the world; other alternatives such as shale gas and coal gasification are making their mark off as the next best substitutes. Middle East contributes approx 10% to the world petrochemical industry.

Depletion of Oil Reserves - Impact on the global Petrochemicals industry Petrochemicals industry is dependent of oil for two reasons one as fuel and the other as common feedstock. The concern for more or less petrochemical companies is the issue of the depletion of Oil reserves which will lead to some jobs. One problem is that machines producing the petrochemicals as mentioned before work on oil. If this problem is solved by other means, the other problem of common feedstock remains. Currently, three major feedstock are produced from either born(p) Gas or Crude oil i.e. Ethane, Propane and Butane. Natural gas is very cheap in Saudi Arabia and is used for producing Ethane. The on-going price of natural gas in Saudi Arabia is $0.75/MMBTU age in US it is $4.5/MMBTU and in atomic number 63 is approx $6/MMBTU. Europe and... If you want to get a full essay, order it on our website: Ordercustompaper.com

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