The document discusses BP's petrochemical business. It describes BP's strategy of focusing on Asian markets and technology. It provides an overview of BP's main petrochemical product lines and assets in Asia, including production sites in China, Indonesia, South Korea, Malaysia, and Taiwan. BP is a leading global producer of purified terephthalic acid (PTA), particularly in Asia. The document also summarizes BP's acetyls business, including production sites in Europe, the US, and Asia.

1. Petrochemicals 2012 BP China Campus Recruitment

3. Aromatics Asia Overview 0 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 Assets Our Business

4. Aromatics Asia Footprint CAPCO (2.2mmt) Zhuhai (1.5mmt) Kuantan (0.6mmt) AMI (0.5mmt)

5. BP Aromatics Value Chain PTA Acid PX (p - Xylene) Reformer OX (o - Xylene) NDC PTA PX Reformer - Mixed Xylenes PX Other (Films & Specialities) PET Resin (Containers &Packaging) Fiber (Textile & Apparel) Acetic Acid MEG OX NDC Polyesters

7. Aromatics Asia Commercial: SMSL 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. 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

8. Global Acetyls Overview 0 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.

9. Acetyls Global Footprint Texas City USA Ulsan, S Korea Chongqing, China Mailiao, Taiwan Nanjing, China Hull, UK Kerteh, Malaysia

10. BP Acetyls Value Chain = BP aromatics Acetic Acid PX (P-Xylene) PTA Polyester DMT Mixed Xylenes MEG Natural Gas MeOH/CO Others Acetic Anhydride Ethyl Acetates VAM Cellulose (fibres, cigarette tow, plastics) TAED (bleach activator) Pharmaceut. Oil drilling Herbicides Textiles Inks Packaging Adhesives Paints/Coatings Pharmaceut. Polyester fibre PET bottles Polyester film Chemicals Pharmaceut. Food Adhesives Paints/Coatings Paper/Film Textiles MCA acetyls 9% 40% 10% 20% 4% 17%

11. Our Acetyls Assets In Asia Kertih, Malaysia BP 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.

12. 2012 BP China Campus Recruitment: Petrochemicals Positions BP Future Leaders Program Challenger Program BPZ Manufacturing Trainee Program 1 Zhuhai Project Engineer Aromatics Asia 1 Shanghai Supply Chain Planner Aromatics Asia 1 Shanghai Marketing Executive Acetyls 1 Zhuhai Instrument & Control Engineer Aromatics Asia 2 Zhuhai Mechanical Engineer Aromatics Asia 1 Zhuhai Electrical Engineer Aromatics Asia 1 Zhuhai Process Control Engineer Aromatics Asia 1 Zhuhai Process Optimization Engineer Aromatics Asia Program Opening Location Job Title Business