Iain Conn petrochemicals plans and prospects

1
Iain Connpetrochemicalsplans and prospects
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capacity growth and transformation

98
99
00
01
02
03
BP projection
3
capacity growth and transformation
index 1998 100
140
120
100
80
60
40

98
99
00
01
02
03
BP projection
4
capacity growth and transformation
index 1998 100
mte
140
120
100
80
60
40

98
99
00
01
02
03
BP projection
5
seven core products
acetic acid 1(1.9 mte)
ethylene 1 (4.8mte)
acrylonitrile 1(1.0 mte)
polypropylene 2(2.8 mte)
PTA 1(5.7 mte)
high density PE 2 (1.7 mte)
paraxylene 1(2.8 mte)
Notes 1) product, BP market position (2002
capacity) 2) BP 1 in Europe, 4 globally
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disciplined investment
source BP projections 03 - 06
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distinctive portfolio

• capacity growth - leverage to the upside
• focus on seven core products
• portfolio, costs, functional excellence
• plans to improve underlying returns by 3