2014-02-07 23:53:01 - Peru Petrochemicals Report 2014 - a new market research report on companiesandmarkets.com
Petrochemical plants in Peru have been delayed by a lack of gas and infrastructure such as pipelines, says the latest Peru Petrochemicals Report. Peru´s significant commercially viable gas reserves, with ethane content at 10%, promise to drive growth in petrochemicals over the long term. However, the country has so far failed to leverage its potential and create a petrochemicals industry. Developing fertiliser production has been the first choice to add value to the country´s natural gas production.
In 2013, Peru continued to possess no production capacity for basic petrochemicals such as ethylene, propylene or polymers such as PE, PP, PVC and PS. A small domestic market would mean any development of the petrochemical sector would have to be export-oriented. Peru´s massive
gas resources, concentrated in the Camisea gas field, could support at least one world-scale 1mn tpa cracker and downstream production. The country is in a fairly unique position in South America with access to abundant ethane feedstock that could support low-cost petrochemicals production. This would put it at a distinct advantage compared with neighbouring states that are dependent on naphtha feedstock, which is susceptible to fluctuations in oil prices.
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