Pequiven PEQUIVEN - Lateinamerika Verein · Pequiven FILIAL DE PDVSA PE.04.07 N° 2 MISSION To...
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PequivenFILIAL DE PDVSA
PE.04.07 N°1ABRIL 2007
PEQUIVEN PEQUIVENPEQUIVEN
STRATEGIC PLAN 2007-2013STRATEGIC PLAN 2007-2013STRATEGIC PLAN 2007-2013STRATEGIC PLAN 2007-2013STRATEGIC PLAN 2007-2013STRATEGIC PLAN 2007-2013STRATEGIC PLAN 2007-2013STRATEGIC PLAN 2007-2013
CONSOLIDATING VENEZUELANPETROCHEMICAL INDUSTRYDEVELOPMENT TO BECOME A
“WORLDWIDE PETROCHEMICAL POWERWORLDWIDE PETROCHEMICAL POWERWORLDWIDE PETROCHEMICAL POWERWORLDWIDE PETROCHEMICAL POWER”
CONSOLIDATING VENEZUELANCONSOLIDATING VENEZUELANPETROCHEMICAL INDUSTRYPETROCHEMICAL INDUSTRYDEVELOPMENT TO BECOME ADEVELOPMENT TO BECOME A
““WORLDWIDE PETROCHEMICAL POWERWORLDWIDE PETROCHEMICAL POWERWORLDWIDE PETROCHEMICAL POWERWORLDWIDE PETROCHEMICAL POWERWORLDWIDE PETROCHEMICAL POWERWORLDWIDE PETROCHEMICAL POWERWORLDWIDE PETROCHEMICAL POWERWORLDWIDE PETROCHEMICAL POWER””
PequivenFILIAL DE PDVSA
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MISSION
To efficiently produce and commercializequality chemical and petrochemicalproducts in harmony with theenvironment and its surroundings.Focusing our attention to the localdemand , in order to empowereconomical and social development inVenezuela .
To be the petrochemical corporationcapable of transforming Venezuela in aworldwide petrochemical power toempower its development.
VISION
STRATEGIC OBJECTIVES
Permanentand
sustainabledevelopment
Petrochemicalendogenousdevelopment
Socialdevelopment
of theenvironment
Petrochemicalscientific andtechnologicaldevelopment
Strategic Direction of Business Plan 2007 - 2013
STRATEGY AND VISION
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� Increase production capacity from 11.50 MM MT/ye ar to more than
36 MM MT/year.
� Increase sales income from 1.2 Billion US dollars to 12 Billion US
dollars.
� Increase the use of methane gas from 440 MMCFD to 1.278 MMCFD
� Consolidate industrial developments in our Petroc hemical Complex
in Jose, renovate Moron Petrochemical Complex and e mpower El
Tablazo petrochemical complex.
� Develop petrochemical complexes in Güiria, Navay and Paraguaná.
� Strengthen endogenous development in the Ana Mari a Campos
Industrial Camp (CIAMCA) located at El Tablazo Petr ochemical complex.
Strategic Direction of Business Plan 2007 - 2013
STRATEGY AND VISION
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� Contribute in 8 % to 10 % of Manufacturing Sector GDP
� Replace imports by local production
� Foster local converters (plastic, synthetic rubber, detergents,
paints, construction, cosmetics, and food, etc.)
� Promote and develop agriculture in Venezuela.
� 17 new projects providing investment opportunity and 28
projects related to the endogenous development and s ocial
infrastructure of Venezuela.
Strategic Direction of Business Plan 2007 - 2013
STRATEGY AND VISION
PequivenFILIAL DE PDVSA
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Caribbean Sea
•• El Tablazo Complex El Tablazo Complex * Olefinas (Etileno/Propileno) 730
* Plastics (PVC) 120* Ammonia/Urea 660
•• Monomers Colombo- Monomers Colombo- VenezolanosVenezolanos Complex Complex 860 860•• Morón Complex Morón Complex
* Ammonia/Urea 466* Fertilizantes +1400
•• El Palito Refinery El Palito Refinery* Benzene-Toluene - Xylene 125
•• Complex JoseComplex Jose* MTBE/Metanol 2120* Ammonia/Urea 2739
Production Capacity (KMT/Year)Production Capacity (KMT/Year)
Güiria (Future)
Jose
El Tablazo Morón Caracas
El Palito
Paraguaná(Industrialization)
However, our influence has spread out throughout th ecountry, if we take into consideration our principa lclients: plastic converters, general manufacturing
industry and the agro-food industry.
PETROCHEMICAL COMPLEXES
Petrochemical Complexes - PEQUIVEN
Navay (Future)
Monómeros Colombo-Venezolanos
16 Joint Ventures with 38 Partners16 Joint Ventures with 38 Partners
Currently, Pequiven production takes place on theCurrently, Pequiven production takes place on theNorthern Coast of Venezuela.Northern Coast of Venezuela.
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10
15
20
25
30
'06 '07 '08 '09 '10 '11 '12 '13
Projects Investment MM$ 2007-2013:2101121011
MM MT/YEAR
Pequiven + Joint VenturesPequiven + Joint Ventures
••Methanol II JoseMethanol II Jose(Expansion(Expansion
Metor)Metor)
••InfrastructureInfrastructureand servicesand servicesJoseJose
••InfrastructureInfrastructureand Servicesand ServicesGuiriaGuiria
••Fertilizers IIIFertilizers IIIGüiriaGüiria
••Olefins V andOlefins V andAromatics IIAromatics IIParaguanáParaguaná
10,910,9
22,322,3
30,130,1
36,436,4
Between 2007-2013 production capacity willBetween 2007-2013 production capacity will
increase in 243%increase in 243%
••ConversionConversionMTBE toMTBE toIsooctaneIsooctane
10,610,6
19,519,5
Projected Production Capacity
••Modernization ofModernization ofpetrochemicalpetrochemicalcomplex - Moroncomplex - Moron
••IndustrialIndustrialDevelopmentDevelopmentNavayNavay
••Propylene JosePropylene Jose
••PolypropylenePolypropyleneJoseJose
••PETPET
••NitrogenatedNitrogenatedFertilizers JoseFertilizers Jose
••ExpansionExpansionPolyethylenePolyethylene
El TablazoEl Tablazo
••Olefins III andOlefins III andderivativesderivativesEl TablazoEl Tablazo
••Olefins IV andOlefins IV andderivativesderivativesJoseJose
••DownstreamDownstreamdevelopment ofdevelopment ofMethanol - JoseMethanol - Jose
••Methanol IIIMethanol IIIGüiriaGüiria
11,611,6
INVESTMENT PORTFOLIO 2007-2013
10,610,6
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PETROCHEMICAL COMPLEX
PROJECTSINVESTMENT
MMUS$START UP
DATE
POLYETHYLENE EXPANSION EL TABLAZO 125 2009
OLEFINS III & DERIVATIVES EL TABLAZO 2074 2011-2012
NAVAY PHOSPHATES INDUSTRIAL DEVELOPMENT AT NAVAY 570 2009 - 2010
MORON PETROCHEMICAL COMPLEX ADAPTATION 1550 2010
PET 125 2010
INFRASTRUCTURE AND SERVICES JOSE 150 2011
CONVERSION MTBE TO ISOOCTANES 70 2007
METHANOL III JOSE (METOR EXPANSION) 429 2009
PROPYLENE JOSE 430 2010
POLYPROPYLENE JOSE 450 2010
NITROGENATED FERTILIZERS JOSE 2800 2011
OLEFINS IV AND DERIVATIVES JOSE 4208 2012
METHANOL DOWNSTREAM DEVELOPMENT 580 2012
INFRASTRUCTURE AND SERVICES GUIRIA 150 2011
METHANOL IV GÜIRIA 900 2012
NITROGENATED FERTILIZERS GÜIRIA 2800 2013
2013 PARAGUANÁ OLEFINS V & AROMATICS II PARAGUANÁ 3600
JOSE
GÜIRIA
EL TABLAZO
MORON
INVESTMENT PORTFOLIO 2007-2013
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PETROCHEMICAL COMPLEX
“EL TABLAZO”
PETROCHEMICAL COMPLEX
“EL TABLAZO”
INVESTMENT PORTFOLIO 2007-2013
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POLYETHYLENE EXPANSION EL TABLAZO(PHASE I: INDEPENDENCE PROJECT)
PROJECT DESCRIPTION PROJECT DESCRIPTION ::This project pursues a production capacityraise in our existing plants: HDPE in 60,000mt/year, LLDPE in 40,000 mt/year, in additionthis project considers the construction of aButene-1 plant with a production capacity of15,000 mt/year. We are looking to driveforward our national plastic’s transformationsector and social production enterprises withinthe country.
FINANCIAL EXECUTION:FINANCIAL EXECUTION:•Estimated Project Investment: 125 MMUS$•Business Structure: 100% Polinter.
PROJECT DIAGRAM:PROJECT DIAGRAM:
ADDITIONAL PRODUCTIONADDITIONAL PRODUCTIONHDPE 60 KMT/YearLLDPE 40 KMT/YearButene-1 15 KMT/Year
Polinter
HDPEEthylene
LLDPE
LDPE
Polyethylene
START UP DATE:START UP DATE:2009
Butene-1
INVESTMENT PORTFOLIO EL TABLAZO2007-2013
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PROJECT DIAGRAM:PROJECT DIAGRAM:
START UP DATE:START UP DATE:2011
PROJECT DESCRIPTION PROJECT DESCRIPTION :: This projectconsiders the construction of a new 1 millionmt/year ethylene unit in “El Tablazo”petrochemical complex. In addition, we plan tobuild two brand new units, one with a capacityof 300,000 mt/year to produce high densitypolyethylene (HDPE) and another of 300,000mt/year to produce low density polyethylene(LDPE).
PRODUCTIONPRODUCTIONEthylene 1000 KMT/YearHDPE 300 KMT/YearLDPE 300 KMT/Year
FINANCIAL EXECUTION:FINANCIAL EXECUTION:•Estimated Project Investment: 2074 MMUS$•Business Structure: 50% Polinter, 50%Pequiven.
EthaneEthane EthyleneUnit
EthyleneEthylenePolinter
HDPE
LDPE
Polyethylene
OLEFINS III AND DERIVATIVES EL TABLAZO(PHASE II: INDEPENDENCE PROJECT)
INVESTMENT PORTFOLIO EL TABLAZO2007-2013
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El Tablazo Petrochemical Complex - Projects 2007 - 2013
METHANE ETHANE PROPANE BUTANE
EXPANSION POLYETHYLENE EL
TABLAZO 3,54 - - -
OLEFINS III & DERIVATIVES EL TABLAZO T.B.D 97 - -
Total 3,54 97 0 0
EL TABLAZO
NATURAL GAS (MMSCFD)
PROJECTSPETROCHEMICAL
COMPLEX
FEEDSTOCK DEMAND
T.B.D.: TO BE DETERMINEDT.B.D.: TO BE DETERMINED
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PETROCHEMICAL COMPLEX
“PARAGUANA”
PETROCHEMICAL COMPLEX
“PARAGUANA”
INVESTMENT PORTFOLIO 2007-2013
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PROJECT DIAGRAM:PROJECT DIAGRAM:PROJECT DESCRIPTION PROJECT DESCRIPTION :: The project considers••BasicsBasics’’ Generation Generation: a) An olefins plant which includesone thermal cracking unit and another catalyticcracking unit to produce ethylene and propylene fromlight naphtha and natural gasoline. b) One aromaticsplant to produce benzene and m-xylene from naphthacracking c) Infrastructure and services for theindustrialization of refining streams.••Industrialization of Refining StreamsIndustrialization of Refining Streams: Developmentand industrialization of basic petrochemicals(petrochemical chain in defining process)
PETROCHEMICAL POLE OF PARAGUANÁ
PRODUCTION OLEFINS PLANT :PRODUCTION OLEFINS PLANT :ETHYLENE 943 KMT/YearPROPYLENE 1030 KMT/Year
PRODUCTION AROMATICS PLANT :PRODUCTION AROMATICS PLANT :BENZENE 773 KMT/YearXYLENE 817 KMT/Year
FINANCIAL EXECUTION:FINANCIAL EXECUTION:Generation of Basic Petrochemicals (Olefins andGeneration of Basic Petrochemicals (Olefins andAromatics)Aromatics)•Estimated Project Investment: 3600 MMUS$ (Includes Services)
•Business Structure: 100 % PDVSAIndustrialization Streams:• Estimated Project Investment: Estimated 5200 MMUS$.
•Business Structure: Joint Ventures and Private investors
START UP DATE:START UP DATE: (OLEFINS & AROMATICS):(OLEFINS & AROMATICS):2012
Olefins Plant
Aromatics Plant
Naphtha Catalytic Cracking
NaphthaReformation
Amilenes &Naphtha
NaturalGasoline
LightNaphtha
NaphthaCardón
Thermal Cracking Naphtha
Naphtha Cardón Reformation
Gas Comb.
Butane
Ethylene
Propylene
Fuel Oil
Hydrogen
Benzene
Xylene
Gasoline
BasicPetrochemicalsIndustrialization
INVESTMENT PORTFOLIO PARAGUANA2007-2013
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Paraguaná Petrochemical Complex - Projects 2007 - 201 3
METHANE ETHANE PROPANE
BASIC PETROCHEMICALS T.B.D - -
3522 KMT/Y Naftas / 1308
KMT/Y Gasoline
2 Y 3 RA. TRANSFORMACIÓN T.B.D - -
Basic Petrochemicals
PARAGUANÁ
NATURAL GAS (MMSCFD)
OTHERSPROJECTSPETROCHEMICAL
COMPLEX
T.B.D.: TO BE DETERMINEDT.B.D.: TO BE DETERMINED
FEEDSTOCK DEMAND
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PETROCHEMICAL COMPLEX
“NAVAY”
PETROCHEMICAL COMPLEX
“NAVAY”
INVESTMENT PORTFOLIO 2007-2013
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PHOSPHATES INDUSTRIAL DEVELOPMENT AT NAVAY
PROJECT DESCRIPTION PROJECT DESCRIPTION :: Construction of a petrochemicalcomplex of phosphates :- Development of mines at Navay (4600 MT/D) y MonteFresco (1000 MT/D), Favored rock plant (2600 MT/D),Plants of: Sulfuric acid (2000 MT/D), Phosphoric acid (600MT/D), DAP/MAP/NPK (1000 MT/D) Tricalcic Phosphate(150 MT/D), Simple Super phosphate (200 MT/D).- Industrial condominium to establish downstream socialproduction enterprises. Social development of the axisAbejales – San Joaquin of Navay.
FINANCIAL EXECUTION:FINANCIAL EXECUTION:•Estimated Project Investment: 570 MMUS$.•Business Structure: 100% PEQUIVEN.
PROJECT DIAGRAM:PROJECT DIAGRAM:
START UP DATE:START UP DATE:2009: Monte Fresco mines.2010: Los Monos mines and y Navay Petrochemical
complex.
PRODUCTIONPRODUCTIONPhosphatic Rock 2000 MT/YearFavored Rock 858 MT/YearAcid Sulfuric 660 MT/YearDAP/MAP/NPK 330 MT/YearAcid Phosphoric 198 MT/YearSimple Super Phosphate 66 MT/YearTricalcic Phosphate 50 MT/Year
INVESTMENT PORTFOLIO NAVAY 2007-2013
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Navay Petrochemical Complex Projects 2007 - 2013
METHANE ETHANE PROPANE BUTANE
NAVAYPHOSPHATES IMDUSTRIAL
DEVELOPMENT AT NAVAY 10 - - -Total 10 0 0 0
NATURAL GAS (MMSCFD)
PROJECTSPETROCHEMICAL
COMPLEX
FEEDSTOCK DEMAND
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PETROCHEMICAL COMPLEX
“MORÓN”
PETROCHEMICAL COMPLEX
“MORÓN”
INVESTMENT PORTFOLIO 2007-2013
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MORON PETROCHEMICAL COMPLEX ADAPTATION
PROJECT DESCRIPTIONPROJECT DESCRIPTION : : Construction of aphosphatased and nitrogenated fertilizers plant in orderto accomplish substitution of product imports and tosupply national market. This project is totally align withVenezuela’s National Sowing Plan. This projectconsists in one plant of sulfuric acid of 3000 MT/Day,one plant to produce 1800 MT/Day of Ammonia, oneplant of 2200 MT/Day of Urea, a new plant of phosphaterock benefit with a capacity to process 4000 MT/Day. Itwill include an expansion of the actual plant ofphosphoric acid from 250 MT/D to 600 MT/D, a newelectric substation with 220 MVA and one new plant ofcompressed air with capacity to produce 1400 Nm3/h.
FINANCIAL EXECUTION:FINANCIAL EXECUTION:•Estimated Project Investment: 1550 MMUS$.•Business Structure: 100% PEQUIVEN.
PRODUCTIONPRODUCTIONAmmonia 630 KMTYUREA 770 KMTYSulfuric Acid 990 KMTYPhosphoric Acid 210 KMTYDAP 126 KMTYRock Benefit 1400 KMTY
PROJECT DIAGRAM:PROJECT DIAGRAM:
START UP DATE:START UP DATE:2010
INVESTMENT PORTFOLIO MORÓN 2007-2013
PROJECT DIAGRAM:PROJECT DIAGRAM:
PROCESOS DE PRODUCIÓN DE FERTILIZANTES
Phosphatic Rock
Potassium
Domestic Market
AcidSulfuric
AcidPhosphoric
Sulfate Ammonia
FertilizerGranulates
NPK
DAP
PHOSPHATATES
Ammonia UreaGasSteam
Air
NITROGENATESCO2
NH3
Sulfur
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PIA
PARAXYLENE MAQUILA PARAXYLENE -PTA
PROJECT DIAGRAM:PROJECT DIAGRAM:
START UP DATE:START UP DATE:2010
PRODUCTIONPRODUCTIONPET 120 KMT /year
POLYETHYLENE TEREPHTHALATE (PET)
BTXUNIT
EL PALITO
PETUNIT
CAPACITY: 120 KMT/year
PTA
MEG
LOCALMARKET
EXCEEDS EXPORTS
PROJECT DESCRIPTIONPROJECT DESCRIPTION ::This project considers to build a 120 KMT/yearPolyethylene Terephthalate (PET) unit in resingrade. The project will start after the El Palito’sBTX unit adaptation and it will use feedstockfrom the paraxylene product line.
FINANCIAL EXECUTION:FINANCIAL EXECUTION:•Estimated Project Investment: 125 MMUS$.•Business Structure: 50% PEQUIVEN, 50%Private Partners.
INVESTMENT PORTFOLIO MORÓN 2007-2013
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Morón Petrochemical Complex Projects 2007 - 2013
METHANE ETHANE PROPANE BUTANE
ADECUACIÓN DEL COMPLEJO MORÓN 90 - - -
PET 1 - - -TotalS 91 0 0 0
MORÓN
NATURAL GAS (MMSCFD)
PROJECTSPETROCHEMICAL
COMPLEX
(*)(*)
(*) INCLUDES ACTUAL DEMAND 50 MMSCFD (CONTRACT)(*) INCLUDES ACTUAL DEMAND 50 MMSCFD (CONTRACT)
FEEDSTOCK DEMAND
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PETROCHEMICAL COMPLEX
“JOSE”
PETROCHEMICAL COMPLEX
“JOSE”
INVESTMENT PORTFOLIO 2007-2013
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INFRASTRUCTURE & SERVICES JOSE
FINANCIAL EXECUTION:FINANCIAL EXECUTION:•Estimated Project Investment: 150 MMUS$.•Business Structure: 100% PEQUIVEN.
PROJECT DESCRIPTIONPROJECT DESCRIPTION ::This project considers infrastructure andindustrial services at the Jose petrochemicalcomplex. Infrastructure and services like, landplanning, an electric sub-station in the south ofthe complex and the expansion of the one onthe north from 120 MVa to 240 MVa, watermodules expansion, and docks arecontemplated in this project.
START UP DATE:START UP DATE:2011
PRODUCTIONPRODUCTIONELECTRICITY To Be determinedSTEAM TBDWATER TBDDOCK TBD
INVESTMENT PORTFOLIO JOSE2007-2013
PROJECT DIAGRAM:PROJECT DIAGRAM:
Infrastructure& Services
GAS
ELECTRICITY
STEAM
WATER
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FINANCIAL EXECUTION:FINANCIAL EXECUTION:•Estimated Project Investment: 70 MMUS$.•Business Structure: Joint venture diversification
PROJECT DESCRIPTIONPROJECT DESCRIPTION ::Conversion of the actual MTBE plant atSuperOctanos, to produce Isooctane. This projectseeks to retain our position and market shareproducing additives to oxygenate gasoline, we willprocess Isooctane as an alternative for the MTBEproduction.
START UP DATE:START UP DATE:2007
PRODUCTIONPRODUCTIONISOOCTANE 373 KMT /year
MTBE CONVERSION TO ISOOCTANO
PROJECT DIAGRAM:PROJECT DIAGRAM:
INVESTMENT PORTFOLIO JOSE2007-2013
Isomerization Dehydrogenation Etherification
Dimerization
Butanes
432 KMTA
iC4
Refining
Methanol
1 MTMA
PSAH2
FG
C5s
FG
iC4=
iC4
Hidroge-
nationiC8=
PSA
Isooctane
373 KMT/Y
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FINANCIAL EXECUTION:FINANCIAL EXECUTION:•Estimated Project Investment: 479 MMUS$•Business Structure: joint venture expansion
PROJECT DESCRIPTIONPROJECT DESCRIPTION ::Expansion of METOR’s plant at JosePetrochemical Complex, to produce an additional2500 MT/D of methanol for local and internationalmarkets. The project seeks to maintain ourimportant position in Methanol internationalmarkets and to contribute to Venezuela’spetrochemical and economical development.
START UP DATE:START UP DATE:2009
PRODUCTIONPRODUCTIONMETHANOL 825 KMT /year
METHANOL III JOSE (METOR EXPANSION)
PROJECT DIAGRAM:PROJECT DIAGRAM:
INVESTMENT PORTFOLIO JOSE2007-2013
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PROPYLENE JOSE
FINANCIAL EXECUTION:FINANCIAL EXECUTION:•Estimated Project Investment: 430 MMUS$•Business Structure: 100% PEQUIVEN
PROJECT DESCRIPTIONPROJECT DESCRIPTION :: Construction andoperation of a Propane Dehydrogenation Unit(PDH) at Jose Petrochemical Complex, toproduce 455 KMTA of propylene. Theproduced feedstock will be assign to producePolypropylene in Venezuela.
PROJECT DIAGRAM:PROJECT DIAGRAM:
PDH Propylene
Propane
POLYPROPYLENEPLANT
START UP DATE:START UP DATE:2010
PRODUCCIONPRODUCCIONPropylene 455 KMT /year
INVESTMENT PORTFOLIO JOSE2007-2013
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POLYPROPYLENE JOSE
FINANCIAL EXECUTION:FINANCIAL EXECUTION:•Estimated Project Investment: 450 MMUS$.•Business Structure: 50% PEQUIVEN, 50%Braskem.
PROJECT DESCRIPTIONPROJECT DESCRIPTION ::. Construction of anew facility at the Jose Petrochemical Complex,to produce 450 KMTA of Polypropylene. Productdestination will be national and Latin-Americanmarketplaces.
PROJECT DIAGRAM:PROJECT DIAGRAM:
PROPYLENEPROPYLENE
POLYPROPYLENEPOLYPROPYLENE
PROJECT
START UP DATE:START UP DATE:2010
PRODUCTIONPRODUCTIONPolypropylene 450 KMT /year
INVESTMENT PORTFOLIO JOSE2007-2013
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PROJECT DIAGRAM:PROJECT DIAGRAM:
NH31260 KMT Y
Natural Gas130
MMSCFD
SURPLUS TOEXPORT
890890KMTYKMTY
UREA UREA1540 KMTY1540 KMTY
370370KMTYKMTY
LOCAL DEMAND /SURPLUS TO EXPORT
NITROGENATED FERTILIZERS JOSE
PROJECT DESCRIPTIONPROJECT DESCRIPTION :: Construction of twoammonia plants of 1800 MT/Day each, and twourea plants of 2200 MT/Day each, at the JosePetrochemical Complex in order to supplyproduct to the national and South Americanmarket.
FINANCIAL EXECUTION:FINANCIAL EXECUTION:•Estimated Project Investment: 2800 MMUS$.•Business Structure: 100% PEQUIVEN.
START UP DATE:START UP DATE:2011
PRODUCTIONPRODUCTIONAMMONIA (NH3) 1260 KMT /yearUREA 1540 KMT /year
INVESTMENT PORTFOLIO JOSE2007-2013
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OLEFINS IV AND DERIVATIVES JOSE
FINANCIAL EXECUTION:FINANCIAL EXECUTION:•Estimated Project Investment: 4208 MMUS$.•Business Structure: 50% PEQUIVEN, 50%Braskem.
PROJECT DESCRIPTIONPROJECT DESCRIPTION ::The project consist in the construction of sevenunits: one to produce Ethylene from Ethane with anameplate of 1300 KMTA; one plant of HighDensity Polyethylene of 400 KMTA; one plant ofLow Density Polyethylene with a capacity of 294KMTA and one plant to produce Lineal LowDensity Polyethylene with a nameplate of428KMTA. In addition, this project contemplatesthe construction of one caustic soda plant of 292KMTA and one EDC/VCM plant of 431 KMTA inorder to feed a plant of 200 KMTA of PVC, andexport 230 KMTA of MVC.
START UP DATE:START UP DATE:2012
PRODUCTIONPRODUCTIONETHYLENE 1300 KMT /yearHDPE 400 KMT /yearLDPE 294 KMT /yearLLDPE 428 KMT /yearCHLORINE 259 KMT /yearVCM 431 KMT /yearPVC 200 KMT /yearCAUSTIC SODA (100%) 285 KMT /year
PROJECT DIAGRAM:PROJECT DIAGRAM:
EthyleneEthane
High DensityPolyethylene (HDPE)
Lineal Low DensityPolyethylene (LLDPE)
Exp
orts
EthyleneUnit
PVC
NATIONAL
NATIONAL
Salt Caustic SOCA (100%)Caustic
Plant
Low DensityPolyethylene (LDPED)
EDC/VCM
Exports VCM
Project Ethane Extraction 86 KBD
INVESTMENT PORTFOLIO JOSE2007-2013
Clorine
MARKET
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PROJECT DIAGRAM:PROJECT DIAGRAM:
START UP DATE:START UP DATE:2011 - 2013
PROJECT DESCRIPTIONPROJECT DESCRIPTION :: Construction of newplants downstream of the methanol produced atthe Jose Petrochemical complex. This productswill be oriented to supply Local, SouthAmerican and European markets demand.
METHANOL DOWNSTREAM DEVELOPMENT
FINANCIAL EXECUTION:FINANCIAL EXECUTION:•Estimated Project Investment: 580 MMUS$.•Business Structure: 50% PEQUIVEN, 50%Private partners.
(*) Preliminary values considering large scalepetrochemical plants. Currently on validation inconjunction with a market research study andtechnological availability.
INVESTMENT PORTFOLIO JOSE2007-2013
Methanol(Jose) Acetic Acid
Methyl Methacrylate
Formaldehyde
Dimethyl ether
CO
Methylamine
Chloromethane
Urea Formaldehyde
HCN, ACETONE
VAM
AMMONIA
HCL
UREA (Solution)
ETHYLENE
PRODUCTIONPRODUCTIONACETIC ACID 300 KMT/yearVAM 300 KMT/year (*)METHYL METHACRYLATE 110 KMT/year (*)FORMALDEHYDE 75 KMT/year (*)UREA FORMALDEHYDE 40 KMT/yearMETHYLAMINES 30 KMT/year (*)CHLOROMETHANES 30 KMT/year (*)DME Pending estimation
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Projects Jose Petrochemical Complex 2007 - 2013
FEEDSTOCK DEMAND
METHANE ETHANE PROPANE BUTANE
MTBE CONVERSION TO ISOOCTANOS 20 - - 27
METHANOL EXPANSION 85 - - -
PROPYLENE 11 - 33 -
POLYPROPYLENE 0,2 - - -
NITROGENATED FERTILIZERS JOSE 130 - - -
OLEFINS & DERIVATIVES JOSE 17 136 - -
METHANOL DOWNSTREAM DEVELOPMENT - - - -
Total 263,2 136 33 27
JOSE
NATURAL GAS (MMSCFD)
PROJECTSPETROCHEMICAL
COMPLEX
P.D.: To Be DeterminedP.D.: To Be Determined
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PETROCHEMICAL COMPLEX
“GÜIRIA”
PETROCHEMICAL COMPLEX
“GÜIRIA”
INVESTMENT PORTFOLIO 2007-2013
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INFRASTRUCTURE AND SERVICES GUIRIA
FINANCIAL EXECUTION:FINANCIAL EXECUTION:•Estimated Project Investment: 150 MMUS$.•Business Structure: 100% PEQUIVEN.
PROJECT DESCRIPTIONPROJECT DESCRIPTION ::This project considers the construction ofindustrial services (Land facilities, Electricity,water, dock, etc) in order to adequate the GranMariscal de Ayacucho complex forpetrochemical use.
START UP DATE:START UP DATE:2011
PRODUCTIONPRODUCTIONELECTRICIDAD TO BE DERTERMINEDVAPOR TBDAGUA TBDMUELLE TBD
INVESTMENT PORTFOLIO GUIRIA2007-2013
PROJECT DIAGRAM:PROJECT DIAGRAM:
Infrastructure& Services
GAS
ELECTRICITY
STEAM
WATER
PequivenFILIAL DE PDVSA
PE.04.07 N°34
METHANOL IV GÜIRIA
FINANCIAL EXECUTION:FINANCIAL EXECUTION:•Estimated Project Investment: 900 MMUS$.•Business Structure: 50% PEQUIVEN, 50%Private Partner.
PROJECT DESCRIPTIONPROJECT DESCRIPTION :: Construction of anew plant at the New Güiria PetrochemicalComplex (CIGMA), to produce 5000 MT/Day ofmethanol to supply local and internationalmarkets demand. It would be under a jointventure business structure.
START UP DATE:START UP DATE:2011
PRODUCTIONPRODUCTIONMETHANOL 1750 KMT /year
PROJECT DIAGRAM:PROJECT DIAGRAM:
INVESTMENT PORTFOLIO GÜIRIA2007-2013
PequivenFILIAL DE PDVSA
PE.04.07 N°35
PROJECT DIAGRAM:PROJECT DIAGRAM:
NH31260 MTMA
Gas Natural130
MMPCED
EXCEDENTE PARAEXPORTACIÓN
890890MTMAMTMA
UREA UREA1540 MTMA1540 MTMA
370370MTMAMTMA
CONSUMO LOCAL /EXCEDENTE PARA
EXPORTACIÓN
FERTILIZANTES NITROGENADOS GUIRIA
PROJECT DESCRIPTIONPROJECT DESCRIPTION :: Construcción de dosplantas de Amoniaco de 1800 TMD cada una, ydos plantas de Urea de 2200 TMD cada una, enel Complejo Jose, con el fin de fortalecer elabastecimiento del mercado de fertilizantesnitrogenados en el País y Sur-América.
FINANCIAL EXECUTION:FINANCIAL EXECUTION:•Estimated Project Investment: 2800 MMUS$.•Business Structure: 100% PEQUIVEN.
START UP DATE:START UP DATE:2013
PRODUCTIONPRODUCTIONAMONIACO (NH3) 1260 MTMAUREA 1540 MTMA
INVESTMENT PORTFOLIO GUIRIA2007-2013
PequivenFILIAL DE PDVSA
PE.04.07 N°36
Güiria Petrochemical Complex Projects 2007 - 2013
METHANE ETHANE PROPANE BUTANE
METHANOL GÜIRIA 170 - - -
FERTILIZERS GÜIRIA 140 - - -Total 310 0 0 0
GÜIRIA
NATURAL GAS (MMSCFD)
PROJECTSPETROCHEMICAL
COMPLEX
FEEDSTOCK DEMAND
PequivenFILIAL DE PDVSA
PE.04.07 N°38
1644 1644
440 440
867
1278
1369 1404 1404
1644Ethane
Propane
Butane
0
500
1000
1500
2000
2500
2007 2009 2011 2013 2015 2017 2019 2021 2023 2025
MM
SC
FD
Metano Etano Propano Butano
Methane
Methane Ethane Propane Butane
PEQUIVEN GAS REQUIREMENTSPEQUIVEN GAS REQUIREMENTS2006-20252006-2025
PequivenFILIAL DE PDVSA
PE.04.07 N°39
Propylene (Refinery)
Benzene(Refinery)
Ethylene(Refinery)
P- Xylene(Refinery)
Polypropylene
Phenol
Polystyrene
EVA
PET
Cumene
Purified Terephthalic Acid (PTA)
Ethylene Oxide
VAM
MEG
Bis-Phenol A
SBR/Latex
Styrene
Butadiene(Refinery)
PE
Methanol(Jose)
Acetic Acid
Ethylbenzene
Acetone
Basic Petrochemicals Derivative Petrochemicals Final Products
“PRELIMINARY” PETROCHEMICAL CHAINS FROM THE“PRELIMINARY” PETROCHEMICAL CHAINS FROM THEINDUSTRIALIZATION OF REFINERY STREAMS AT CRPINDUSTRIALIZATION OF REFINERY STREAMS AT CRP
PequivenFILIAL DE PDVSA
PE.04.07 N°40
Propylene (Refinery)
Benzene(Refinery)
M- Xylene(Refinery)
Acrylate Esters
Phthalic AnhydrideOrtho- Xylene
Polyurethane
Superabsorbent Polymer (SAP)Acrylic Acid
Basic Petrochemicals Derivative Petrochemicals Final Products
OTHER POSSIBILITIES TO CONSIDER FROM THEOTHER POSSIBILITIES TO CONSIDER FROM THEINDUSTRIALIZATION OF REFINERY STREAMS AT CRPINDUSTRIALIZATION OF REFINERY STREAMS AT CRP
Propylene Oxide
TDI / MDI
M- Xylene(Refinery)
Isophtalic Acid (IPA)
Meta- Xylene
Note: All basic petrochemicals will be transform in 2nd and 3rd phase petrochemicals. We are performinga study, “Petrochemical Product Screening at CRP” with the consulting firm Nexant, in order to identifypetrochemical chains to develop from light and heavy naphtha streams. We are taking into considerationeconomic variables as well as the social impact.
PequivenFILIAL DE PDVSA
PE.04.07 N°41
0 40 80 120 160
PERU
ARGENTINA
3,99
5,90
10,94
11,47
17,81
19,25
26,13
152,38
BOLIVIA
TRINIDAD & TOBAGO
COLOMBIA
OTHERS & CENTRAL AMERICA
BRAZIL
VENEZUELA
Fuente: BP STATISTICAL REVIEW OF WORLD ENERGY 2005
Venezuela accounts for 2.4% of world Natural Gas R eserves, and 62% ofCentral and South America and 30% of the Americas
Competitive Advantage (Natural Gas Reserves)
The Petrochemical Industry In Venezuela
1010101012121212 Cubic Feet (TCF) Cubic Feet (TCF) Cubic Feet (TCF) Cubic Feet (TCF)
PequivenFILIAL DE PDVSA
PE.04.07 N°42
. . .. . .. . .. . .. . .. . .. . .. . . Venezuela has the Second Largest RefiningVenezuela has the Second Largest RefiningVenezuela has the Second Largest RefiningVenezuela has the Second Largest RefiningVenezuela has the Second Largest RefiningVenezuela has the Second Largest RefiningVenezuela has the Second Largest RefiningVenezuela has the Second Largest RefiningCapacity in Latin AmericaCapacity in Latin AmericaCapacity in Latin AmericaCapacity in Latin AmericaCapacity in Latin AmericaCapacity in Latin AmericaCapacity in Latin AmericaCapacity in Latin America
Thousand Barrels DailyThousand Barrels DailyThousand Barrels DailyThousand Barrels Daily
Competitive Advantage (Refining Capacity)
The Petrochemical Industry In Venezuela
Fuente: BP STATISTICAL REVIEW OF WORLD ENERGY 2005
VENEZUELAVENEZUELA
570
1940
1357
611
0 500 1000 1500 2000 2500
Neth. Antilles & Aruba
Argentina
Brasil
PequivenFILIAL DE PDVSA
PE.04.07 N°43
. . . Venezuela is 4th in World Phosphatic Rock. . . Venezuela is 4th in World Phosphatic Rock. . . Venezuela is 4th in World Phosphatic Rock. . . Venezuela is 4th in World Phosphatic Rock. . . Venezuela is 4th in World Phosphatic Rock. . . Venezuela is 4th in World Phosphatic Rock. . . Venezuela is 4th in World Phosphatic Rock. . . Venezuela is 4th in World Phosphatic RockReserves.Reserves.Reserves.Reserves.Reserves.Reserves.Reserves.Reserves.
MILLIONS MTMILLIONS MTMILLIONS MTMILLIONS MT
Competitive Advantage (Phosphatic Rock Reserves)
The Petrochemical Industry In Venezuela
0 5000 10000 15000 20000 25000
1200
1982 (*)
1700
2500
21000
1000
4600
Russia
Jordan
China
South Africa
USA
Morocco & Sahara
VENEZUELAVENEZUELA
(*): PEQUIVEN’s EstimationSource: Mineral Industry Survey USA 2001