Indian Chemical News, the most credible online media platform for the Chemicals, Petrochemicals, and Energy sector, is organizing the Second Edition of ‘PetroChem Summit 2024’ on December 18, 2024 at The Park, Parliament Street, New Delhi.  

The theme of the Summit is "Identifying New Opportunities for Value Creation".  

If you wish to attend PetroChem Summit 2024, please click on the link (https://www.indianchemicalnews.com/petrochem-summit-2024-second-edition/) 

Speakers for Application of AI, ML, and IoT session are: Vimal Goel, Head – IT, HPCL Mittal Energy Ltd.; Anamika, DGM – ERP (Digital Applications), HPCL; Gaurav Vyas, Lead Strategy - Director’s Office/AVP, RIL; and Manish Grover, Former Executive Director (Strategic IS & IS), IOCL. 

The digitalization of the Indian Petrochemical industry is critical not only for enhancing operational efficiency and cost-effectiveness but also for ensuring safety, sustainability, and competitiveness in an increasingly globalized market. Embracing digital transformation will be vital for the industry's growth and resilience in the future.  

Digital tools and technologies, such as AI, ML, big data analytics, IoT (Internet of Things), and automation, can help optimize processes, reduce downtime, and enhance operational efficiency. Real-time monitoring and predictive maintenance can lead to more proactive management of equipment and processes. 

By leveraging AI, ML, and IoT technologies, the petrochemical industry can enhance operational efficiencies, strengthen predictive maintenance capabilities, and optimize decision-making processes. The adoption of these technologies leads to reduced costs, improved safety, and greater sustainability—key objectives for modern petrochemical operations. As these technologies continue to evolve, their integration in the petrochemical sector will increasingly become essential for maintaining competitive advantage and operational excellence. 

Key points to be discussed during the panel discussion are: Improved efficiency and productivity; Real-time monitoring and asset tracking; Anomaly detection and process optimization; Data-driven decision making; Cost reduction and enhanced safety; Sustainability and environmental compliance; Integration of supply chain; and Innovation and new product development.