PetrochemicalsPetrochemicals

2012 BP China Campus Recruitment2012 BP China Campus Recruitment

Petrochemicals Overview

Our Strategy

Our strategy is to use our world-leading technology in selected markets, to grow the business and to deliver industry-leading returns. New investments are targeted principally in the higher-growth Asian markets

Our Performance

We have a strong global market share in the PTA and acetic acid markets, with a major manufacturing presence in Asia, particularly China. We also have smaller product lines in acetic anhydride and NDC and produce a number of other specialty petrochemicals products.

Our Structure

We manufacture and market four main product lines: purified terephthalic acid (PTA), paraxylene (PX), acetic acid, and olefins and derivatives (O&D).

The Petrochemicals SPU has over 2,300 employees working in production sites and offices on 3 continents. This includes 18 manufacturing sites operating in UK, US, Belgium, Germany, China, Indonesia, South Korea, Malaysia and Taiwan.

Our Portfolio

Petrochemicals SPU consists of the following BUs + Functions: Petrochemicals SPU consists of the following BUs + Functions:

•Aromatics Asia

•Aromatics Europe

•Aromatics Americas

•Aromatics Asia

•Aromatics Europe

•Aromatics Americas

•Global Acetyls

•Olefins & Derivatives

•Technology

•Global Acetyls

•Olefins & Derivatives

•Technology

•Finance

•Human Resources

•Procurement

•Finance

•Human Resources

•Procurement

Aromatics Asia Overview

Commercial Excellence

SMSL Aromatics Asia is responsible for PX supply, PTA sales and marketing and the related logistics and shipping operations in Asia. Its sales revenues and procurement spends combined are around 4 billion USD per year.

Our History

The Asian Aromatics business has been in existence for 32 years.

Produce PTA in Asia since 1979 with the first unit built in Taiwan at 82 KT.

Asian PTA operations consist of a wholly-owned plant in Malaysia and joint venture operations in Taiwan, Indonesia and China Zhuhai, totaling 4.5 million tons capacity.

BP is the world's leading producer of Purified Terephthalic Acid (PTA)

. About three-quarters of the world's PTA demand is in Asia

Our AssetsOur Business

CAPCO (2.2mmt)

Aromatics Asia Footprint

Zhuhai (1.5mmt)

Kuantan (0.6mmt)

AMI (0.5mmt)

BP Aromatics Value Chain

PTA

Acid

PX(p-Xylene)

Refo

rmer

OX(o-Xylene)

NDC

PTAPX

Refo

rmer

-

PolyestersMixed

Xylenes

PX

Other(Films & Specialities)

PET Resin(Containers &Packaging)

Fiber(Textile & Apparel)

Acetic Acid MEG

OX NDC

6

• Partners

− BP (85%), Zhuhai Port (15%)

• Product : PTA

• Capacity : PTA No. 1 - 500kt/a

PTA No. 2 – 900kt/a

• Investment : PTA No. 1 – USD 360m

PTA No. 2 – USD 300m

• Site area : 400,000m2 (can accommodate more than 4 units)

• Technology : BP proprietary advanced technology

• Staff: Permanent – 240

Contractors -- 350

Aromatics China Asset: BP Zhuhai

Asia sales teams managed 2.8m mt/yr PTA sales to over 50 key customers in Asia.

The annual sales revenue is about USD2.5bil in 2010.

Aromatics Asia Commercial: SMSL

SMSL

Sales

Provide environment, industrial supply/demand, competition, pricing /cost analysis and insight along the value chain to support commercial decisions and growth strategy

PX procurement team purchase the feedstock for Asia assets from China, other Asia countries and Mid-east, around 1.8m mt/yr

Logistics teams in Zhuhai, HK and Kuantan provide safely and reliable logistic operation

Marketing Supply Chain Logistics

Global Acetyls Overview

Our Technology

Commercial Excellence

Our Business

BP have 7 plants operated in EU, US, and Asia, namely Hull in UK, YARACO in Chongqing, BYACO in Nanjing, FBPC in Taiwan, SSBP in Korea, BPPA in Malaysia, and Sterling in US.

BP Acetyls BU is an important part of BP petrochemical business, as world leading Acetic Acid producer. In 2011, BP acetyls global market share is estimated to be 30%, rank number one globally.

Our Assets

The central commercial team is responsible for business development, regional sales and marketing activities, and global optimization.

BP Acetyls’ advanced technology (Cativa) features operation stability and reliability, low energy consumption and low emission.

Acetyls Global Footprint

Texas City USA

Ulsan, S Korea

Chongqing, China

Mailiao, Taiwan

Nanjing, ChinaHull, UK

Kerteh, Malaysia

BP Acetyls Value Chain

= BP aromatics

Acetic Acid

PX(P-Xylene)

PTA Polyester

DMT

Mixed Xylenes

MEG

Natural Gas

MeOH/CO

OthersAcetic

AnhydrideEthyl

AcetatesVAM

Cellulose (fibres, cigarette tow, plastics)TAED (bleach activator)Pharmaceut.

Oil drillingHerbicidesTextiles

InksPackagingAdhesivesPaints/CoatingsPharmaceut.

Polyester fibrePET bottlesPolyester film

ChemicalsPharmaceut.Food

AdhesivesPaints/CoatingsPaper/FilmTextiles

MCA

acetyls

9% 40% 10% 20% 4%

17%

Our Acetyls Assets In Asia

Kertih, MalaysiaBP has a 70% interest in an Acetic Acid joint venture (BPPA) with Petronas. This site is operated by BP and carbon monoxide feedstock is provided by our partner, Petronas. BP's share of capacity is 391 thousand tonnes per year.

Mai Liao, Taiwan In Mai Liao Taiwan, BP has a 50% interest in an Acetic Acid joint venture (FBPC) with Formosa BP Chemicals Corporation. The joint venture has one unit which started up in 2005. It is integrated with Formosa's Mai Liao site and has a pipeline linking it with downstream customers.

Nanjing, China Construction of the new 500 thousand tonnes per year Acetic Acid plant in Jiangsu province, China by BP YPC Acetyls Company (Nanjing) Limited (BYACO) was completed in 2009. This is a BP joint venture with Yangzi Petrochemical Company Limited (a subsidiary of Sinopec). Commercial production is expected to begin in the third quarter of 2010.

Chongqing, China BP has a 51% interest in the YARACO joint venture with Sinopec Sichuan Vinylon Works (44%) and Chongqing Energy Investment Group. This was BP's first Acetic Acid investment in mainland China. The site is integrated with an Esters plant. BP and Sinopec continue to progress the project to add a new Acetic Acid plant at the site. The expected plant start-up date is under review due to market conditions. When complete, total production at the YARACO site is expected to be in excess of one million tonnes per year, making this one of the largest Acetic Acid production locations in the world.

Ulsan, South Korea In UIsan, South Korea, BP has a 51% interest in an Acetic Acid joint venture (SSBP) with Samsung and a 34% interest in a Vinyl Acetate Monomer (VAM) joint venture (ASACCO) with Samsung and Dow. There is one Acetic Acid production unit and one VAM unit. The SSBP site is linked by pipeline to downstream facilities and has two carbon monoxide feedstock units.

2012 BP China Campus Recruitment: Petrochemicals Positions

BP Future Leaders Program

Challenger Program

BPZ

Manufacturing Trainee Program

Acetyls Marketing Executive Shanghai 1

Aromatics Asia

Supply Chain Planner Shanghai 1

Aromatics Asia

Project Engineer Zhuhai 1

Aromatics Asia

Process Control Engineer

Zhuhai 1

Aromatics Asia

Electrical Engineer Zhuhai 1

Aromatics Asia

Instrument & Control Engineer

Zhuhai 1

Aromatics Asia

Mechanical Engineer Zhuhai 2

Aromatics Asia

Process Optimization Engineer

Zhuhai 1

Program Business Job Title Location Opening