The Future of Refining and Petrochemicals in Singapore

WHY YOU SHOULD ATTEND

The refining and petrochemical sector, centered on Jurong Island, has maintained a long-standing position as a vital contributor to Singapore's economy. The strategically located trading hub plays a key role in the supply of refined products to the region, as well as providing an anchor for physical storage and trading businesses in the city state. Today, Singapore is the world's fifth-largest refinery export hub and ranks in the top 10 globally by chemical exports volume.

Drawing from an experienced panel combining representatives from major international energy companies, industry commentators and energy market regulators, this event will examine the continued relevance of the refining and petrochemicals business in Singapore.

The panel will describe the profile of the modern refinery and petrochemicals businesses on Jurong Island, commenting on the current market dynamics and competitive landscape in the region, the advantages traditionally enjoyed by Singapore's downstream industry, and how major shifts in global supply & demand, and resultant evolution in the product slate, are changing the outlook for refining and petrochemical hubs around the globe.

Projecting forward 5 and 30 years, the panel will challenge perceptions on the continued relevance of the refining and petrochemical sector in Singapore, as well as commenting on the impact of decarbonisation of the global economy, rapid advances in technology and process efficiency, and best practices in optimisation of processing infrastructure.

WHAT WILL BE COVERED

The panel will address the following topics:

• Contribution of the refining and petrochemical sector to energy transition and decarbonisation goals
• Changing global dynamics including competition from other refining and petrochemical hubs in the region
• Continued relevance of the refining and petrochemical sector to the portfolios of major energy companies and investors
• Steps taken to enhance the attractiveness of the refining and petrochemical sector as a key employer in Singapore
• Modernisation of assets, improved efficiency and late-life asset considerations;
• Driving operational and safety performance for strategic installations, and ensuring continued investment in state-of-the-art equipment
• Business planning and partnerships in a demonstrably cyclical business;
• Generating value from associated storage and trading businesses, and the requirement for a physical trading hub in Singapore
• Changes in the sourcing and quality of feedstock for the refining sector
• Opportunities for service providers, small businesses and innovators to contribute to the modern refining and petrochemicals sector
• Right-sizing Government and regulatory support for the sector, including the promotion of connectivity and collaboration in the Jurong Island area

WHO SHOULD ATTEND

Presented by the British Chamber's Energy and Utilities​ committee in collaboration with The Energy Institute​, this event is designed to showcase Singapore's leading position in the refining and petrochemicals industry, examine the likely evolution of the sector over the medium / long term, and highlight the potential opportunities available to incumbents and new entrants seeking to benefit from this vital business activity in the city-state.

The event will be of interest to industry participants, energy professionals, service providers, investors and financiers, market analysts, traders, education strategists, economists, futurists and business disruptors.

The event will feature a full American Buffet Breakfast at the Sheraton Towers Singapore.

With thanks to The Fry Group​, our Breakfast Club partner for this event.