MPA is an industry association representing the petrochemical industry of Malaysia. MPA was formed in 1997 and is registered with the Registrar of Societies in Malaysia. At present, members of MPA include companies engaging in the manufacture and trading of petrochemicals and plastic resins, as well as companies providing services required by the petrochemical industry.
PETROCHEMICALS SUSTAINABILITY CONFERENCE 2024
Petrochemical Sustainability Conference (PSC 2024) is back for another edition at Kuala Lumpur Convention Centre, co-located with Oil & Gas Asia 2024 where industry leaders and key figures convene to engage, network, and shape the future of the petrochemicals sector.
Take part in the networking and witness the 'Launching of the Circular Economy Policy Framework for the Manufacturing Sector' by the Ministry of Investment, Trade, and Industry (MITI), which will act as a blueprint to pave the way to a more sustainable and resilient ecosystem.
📅 PSC Dates
PSC2024 Opening Ceremony & Launch of Circular Economy Policy Framework: 9.30 a.m. – 10.30 a.m. on 26 September 2024
Official PSC Conference from 26 to 27 September 2024
Secure your spot as a delegate at PSC 2024: https://form.evenesis.com/oilandgasasia2024/local
Promo code 'PSC2024_PARTNER' for Special Rates (the special rates will be applied until 1 September 2024)
If you have any queries on PSC 2024, please feel free to contact the following: -
Informa Markets
Tel: 03-97712688
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Market Alert - China's Suspension of the Economic Cooperation Framework Agreement (ECFA) Preferential Tariff of Selected Petrochemical Products on Taiwan
We would like to share the latest Market Alert prepared by MATRADE Taipei on China's Suspension of ECFA Preferential Tariff of Selected Petrochemical Products on Taiwan.
Background
On 21 December 2023, the Ministry of Finance of the People’s Republic of China (Mainland China) announced that it will suspend tariff relief on the importation of the 12 Taiwanese petrochemical products into China under the Economic Cooperation Framework Agreement (ECFA), effective 1 January 2024.
Both Taiwan and Mainland China signed the ECFA in June 2010, which functioned as a free trade agreement between Taiwan and Mainland China. Under the Agreement, both sides offered list of manufactured goods that allowed to enjoy preferential import tariff for the products ranging from agriculture, petrochemical, machinery, textile, logistics and transportation, and other industrial produce such as iron & steel, cement, color die, aluminum & copper, compressor, mini home appliance, and optical device such as cameras.
Under the ECFA, Taiwan used to enjoy preferential tariff for exportation
of products to China with less than 2% import duty for
the 12 items under petrochemical categories, and these include 1)
Propene, 2) Buta-1, 3-diene, 3) Isoprene, 4) O-xylene, 5) M-xylene, 6)
P-xylene, 7) Mixed xylene isomers, 8) Dodecylbenzene, 9), Chloroform 10) Vinyl
chloride, 11) Ethylene-propylene copolymers in primary forms, and 12) Polymers
of other olefins, in primary forms.
With the fact that Taiwan is no longer benefit from the preferential tariff on petrochemical products under the ECFA, it is estimated that the Taiwanese petrochemical companies will have to bear extra cost of USD 529 million on the petrochemical produces exportation to Mainland China since the import tariff for the mentioned 12 items are now taxable between 2%-10%, from the previous preferential rate of 1% to 2%.
Export Opportunities for Malaysian
Petrochemical Companies to Mainland China
According to the General Administration of Customs of the People’s Republic of
China trade statistics, Mainland China’s total import for these
aforementioned photochemical products was USD 13.56 billion for the period from
January to November 2023. Korea, Japan, Taiwan, Brunei, Singapore were
Mainland China’s top 5 import sources with the total import shares
of 88.86%.
Malaysia ranked its 6th supplier with total import value at USD 463 million, accounted for 3.41% of Mainland China’s total import for the products consist of p-Xylene (HS 29024300), propene (HS 29024300), polymers of other olefins, in primary forms (HS 29029000), Buta-1,3-diene (HS 29012410) and ethylene-propylene copolymers, in primary forms (HS 29023010). Malaysia has a well-developed petrochemical ecosystem, with over 100 companies producing a wide range of petrochemical products, such as olefins, polymers, and aromatics, and to expand beyond the commodity products as industry players develop more complex, specialty downstream chemicals.
Malaysian petrochemical producers should seize the opportunities of China's suspension of ECFA tariff reductions of the selected petrochemical products on Taiwan. The petroleum and petrochemicals industry are one of the leading industries in Malaysia. From being an importer of petrochemicals, Malaysia today is in the top 10 list of sourcing countries of major petrochemical products. A wide range of petrochemicals are produced in Malaysia, such as olefins, polyolefins, aromatics, ethylene oxides, glycols, oxo-alcohols, ethoxylates, acrylic acids, phthalic anhydride, acetic acid, styrene monomer, polystyrene, ethylbenzene, vinyl chloride monomer and polyvinyl chloride, proofing Malaysia have the strengths and capacity in supporting global petrochemical demand supply chain.
Click here to view the Market Alert report.
SOUTHEAST ASIA CHEMICALS 2023 - DIGITAL INTERACTIVE
Click here to view the DIGITAL VERSION SOUTHEAST ASIA CHEMICALS 2023
SOUTHEAST ASIA CHEMICAL WEEK REPORT 2023
Click here to download the SOUTHEAST ASIA CHEMICAL WEEK REPORT 2023
MPA PRESIDENT INTERVIEW WITH THE SOUTHEAST ASIA CHEMICALS 2023
MPA Interview section: pages 31/51
Click here to read the interview with Akbar Thayoob, first the Petrochemical chapter.
MALAYSIA PETROCHEMICAL COUNTRY REPORT 2022 ASIA PETROCHEMICAL INDUSTRY CONFERENCE (APIC 2023)
Click here to view the E-Book the MALAYSIA PETROCHEMICAL COUNTRY REPORT 2022 ASIA PETROCHEMICAL INDUSTRY CONFERENCE (APIC 2023).
Click here to download the MALAYSIA PETROCHEMICAL COUNTRY REPORT 2022 ASIA PETROCHEMICAL INDUSTRY CONFERENCE (APIC 2023).
MPA Handbook on Creating Value Through Collaboration
The Malaysian Petrochemicals Association (MPA) is proud to present the inaugural issue of its
handbook as a new and interesting chapter opens in the petrochemical industry.
With the title "Creating Value Through Collaboration", this handbook will be a useful reference to further understand the Malaysian petrochemical landscape and help pave the way for new business opportunities.
Click the image to download the handbook for your reference.
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SCIC SUSTAINABILITY CONFERENCE 2023
We are pleased to inform you that MPA’s counterpart, the Singapore Chemical Industry Council (SCIC) will be organising the SCIC Conference 2023, themed “Energy Transition Towards a Low Carbon Future” on October 24, 2023 and MPA members would be accorded the SCIC members fees of SGD400 per pax....
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GREEN CHEMICALS FOR A SUSTAINABLE FUTURE
We are pleased to invite MPA Members to join us for our “Green Chemicals for A Sustainable Future” seminar to support our nation’s vision of Net Zero Carbon by 2050! The details of the event are as follows: Date: October 25, 2023 Venue: Topaz Room, Mandarin Oriental Hotel, Kuala Lumpur Time: 8.00 am...
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BUSINESS MATCHING PROGRAMME & HOST INVITATION - OGA2023
Energy Industries Council (EIC) has organised the One-To-One Business Matching programme during the OGA 2023 exhibition. Details of the conference are as follows: Date: 13-14 September 2023 Venue: Kuala Lumpur Convention Centre, Malaysia Website: www.oilandgas-asia.com The theme "Bridging The Gap"...
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ASIA-TECH 2023 - ASIA REFINING & PETROCHEMICALS TECH FORUM
ASIA-TECH ASIA REFINING & PETROCHEMICALS TECH FORUM Meeting Growing Energy Demand During the Energy Transition Date: 27-28 September 2023 Venue: Hanoi, Vietnam Website: europetro.com/asiatech Held under the slogan "Meeting Growing Energy Demand during the Energy Transition", ASIA-TECH will present the...
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INVITATION TO PARTICIPATE IN ANUGERAH KECEMERLANGAN INDUSTRI (AKI) 2024
Dear MPA Members, We are pleased to inform you that MITI has extended an invitation to Malaysian Petrochemicals Association (MPA)members to participate in AKI 2024. This esteemed award aims to recognise outstanding companies particularly in management practices, product, and service quality, as well...
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SOUTHEAST ASIA CHEMICAL WEEK REPORT 2023
Click here to download the SOUTHEAST ASIA CHEMICAL WEEK REPORT 2023
On 12/5/2020 at 9.00 am saw a Donation Handing-Over of Face-Shields from Members of MPMA and MPA, to PPUM (Pusat Perubatan Univ Malaya). Recipient was represented by Professor Tan Maw Pin (Geriatric Medicine), PPUM.
MPA was represented by our Vice President Mr Philip Kong (also representing Lotte Chemical Titan Corp whom contributed 2.0mt of PP CoPo resins).
The contribution is most welcomed by PPUM's Front-Liners considering the regular imported Face-Shields are getting scarcier and costlier to procure from foreign suppliers.
MPMA Members (Northern Branch) jointly contributed an amount of RM55,700 in production costs, moulds, die-cutting, pet shields and packaging, whilst Lotte Chemicals Titan's contribution is about RM7,000 of PP CoPo resins (for equiv 60,000 pieces of Face-Shields).
This exemplifies MPA Members' commitments to contribute our relevant roles in combating the Covid-19 menace in Malaysia.
The Asia Petrochemical Industry Conference (APIC) is an annual conference organised to promote mutual friendship and goodwill among the petrochemical industry players in the world, as well as the sound development of the petrochemical industry in the region.
Since its inception under its former name the East Asia Petrochemical Industry Conference (EAPIC) in 1979, the APIC has been a major forum that annually attracts participation of hundreds of senior corporate executives in the petrochemical industry. The conference is an effective venue, which facilitates exchange of information, sharing of issues, and promotes business networking.
The APIC is organised by its Steering Committee consists of 7 national organisations representing petrochemical industry of their respective countries.
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