Dr. Pratap Nair, President & CEO, Ingenero Technologies (India) Limited spoke exclusively to Rahul Koul, Associate Editor, Indian Chemical News on data analytics market trends and related solutions from the company besides wide range of products offerings for decision engineering, steam management, heat integration, digital twins, anomaly detection and improvement.
Leading manufacturer of alcohol-based chemicals Godavari Biorefinery Ltd. has consistently been increasing its ethanol manufacturing capacity from 320,000 liters per day to 400,000 litres ethyl alcohol per day.
In a fireside chat with Indian Chemical News (ICN), R. S. Jalan talks about GHCL's journey, Capex investment, new plant focus, digital transformation projects and future direction.
New process models and Machine learning technologies are a major step forward in transforming the plants operations aspenONE V12
The market is witnessing infrastructural development, alternate material replacements, changing consumer preferences and all of this will unfold a very interesting opportunity, largely for the chemical industry.
In a fireside chat with ICN, Sanjeev Mullick talks about Aspen Technology' key initiatives focused on the chemical sector and petrochemical sector, emerging trends in digital transformation and India strategy for the future
The company is into defoamer manufacturing and expecting a growth of 40-45% in FY 2020-21.
OSI2020 is the pilot project for digitizing and integrating the system landscape in production which will help make planning, operation and maintenance much easier.
Functionality of nano zinc oxide in cosmetic and personal care is highest due to their exceptional physio-chemical properties.
The next wave of growth in specialty chemicals sector will be driven via innovation. Some key areas which will help drive such innovations are e-mobility, sustainability, digitalization and plastic waste. In order to address new age challenges, we need to look at investing in R&D and come up with cutting edge solutions to remain competitive said Mr. Krishnamohan Narayan, Managing Director, BASF India Ltd during ICC 2020 annual conference.
The outlook for chemical sector seems to be pretty dynamic and disruptive. Industry will see some major disruptions and companies with focus on innovation will grow faster. Demand for transport fuel will decline due to increased adoption of EV. The industry will also see evolution of oil & gas majors to chemical majors in future. About 70% of the crude processed will be chemicals with a much larger share in the material of the future said Dr. Partha P. Mitra, President - Strategy & Initiatives, Reliance Industries Limited during ICC 2020 annual conference.
Indian chemical sector needs to play a key role in adopting best practices for promoting sustainability. Globally the industry is focusing on reducing carbon footprint and going climate neutral seems to be the best way forward. As a responsible company, Lanxess has committed more than 100 million euros for cutting carbon emission and becoming a climate neutral organization by 2040 said Mr. Nilanjan Banerjee, Vice President & MD, Lanxess India Pvt Ltd during ICC annual conference 2020.
Indian chemical industry has outperformed both in the global as well Indian market. The global oil & gas majors are moving towards downstream opportunities & its very clear that their is going to be a focus on petrochemicals in India. The wave of consolidation and mergers in the chemical sector will continue and companies which are scaling will have larger opportunities of competing in the global markets said Mr. Avinash Goyal, Senior Partner, McKinsey & Company during ICC annual conference 2020.
Reducing Import dependency, attracting investments for production of quality products, use of cutting edge technologies, promoting clusters and sustainability are key objectives for the chemical industry to grow up the value chain. The chemical industry needs to attract investments both domestic as well as international and also encourage use & procurement of domestically produced goods said Mr. P. Raghavendra Rao, Secretary, Department of Chemicals & Petrochemicals, Government of India during ICC annual conference 2020.
Robotics & automated technologies have already been used globally by the chemical and petrochemical sectors and India also has started taking the lead in deploying robotic based tech to help automate their processes. We are an IIT Bombay alumni founded company having developed robotic based solutions for tank cleaning and inspection operations for Indian chemical and petrochemical companies says Mr. Romit V. Kalra, Country Head - India Business Development, Janyu Technologies Pvt. Ltd.
Through NicerGlobe initiative, we are trying to bring the Indian chemical industry to adopt safe transportation standards and processes and provide emergency response services during disasters. We have got an encouraging response from the industry for supporting the initiative and we already have several key Indian chemical manufacturers acting as our ambassadors to promote the initiative says Mr. Shanker Kuppuswamy, CEO - NicerGlobe, Indian Chemical Council.
Indian specialty chemical segment seems to be doing pretty well but still many of the intermediates are still coming from China, so manufacturing these intermediaries locally will help in boosting our exports. Our company Sud-Chemie has a joint venture with Clariant and we supply to catalysts to petrochemicals, refineries, pharma, fine chemicals etc says Mr. Sunder Parthasarathy, Deputy Manager - Mktg. & Technical Services, Sud-Chemie India Pvt. Ltd.
Indian chemical companies have been successfully raising capital and also looking at M&A as a viable means to grow forward. We have seen multiple success stories of Indian companies going public in the recent past and this trend shall continue as companies aggressively invests in R&D, facilities and sustainable practices says Mr. Ashim Bhuwania, Managing Director - Corporate Finance, Ambit Pvt. Ltd.
Currently one of the biggest challenge of chemical industry is the inability to control waste water pollution level within permissible limits using existing technologies. The industry needs solutions which are cost effective, fast and user friendly. We are an IIT alumni founded company working in the waste water treatment solutions segment. We are working with multiple companies in the chemical sector to help them minimize their waste water pollution levels by using cost effective solutions says Mr. Ambareesh Phadnavis, Director, Greyeast Technologies Pvt. Ltd.
Chemical industry world over is seeing a lot of consolidation and Indian companies need to explore opportunities of inorganic growth via M&A and partnerships to move up the value chain. We are working with organisations in Indian agrochemical and fine chemical sector on advising viable options of growth says Mr. Preet Mohan Singh, Lincoln International Advisors Pvt Ltd.
The chemical industry is not only leading already but is poised to lead India's industry growth and the manufacturing sectors growth. We believe that the role technology has to play is quite significant and we are investing in developing cutting edge technologies to help transform the chemical sector says Mr. Dilip Sawhney, Managing Director - India, Rockwell Automation Ltd.
The usage of agrochemicals has been picking up rapidly in India as well as Asia. We have been working on developing cutting edge technologies for securing farm crops both during pre & post harvest period. We believe that there's a positive co-relation b/w adoption of agrochemicals and increase in agricultural output in India & outside India says M. S. Ganesan, Vice President - Agri Policies & Outreach, UPL Ltd.
Cutting edge innovation, scale & efficiency, supply chain speed and governance & sustainability are few key critical success factors for India's chemical industry to reach $300 bn revenues by 2025. We plan to invest about 150 crores this year in a pilot plant & mini plant R&D centre at Tarapur, Maharashtra and Jhagadia, Gujarat says Mr. U. Shekhar, Chairman, Galaxy Surfactants Limited.
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