There is a chance to move away from processing virgin crude oil and replace it with renewable feedstocks
The sector is now utilising its R&D facilities, to develop newer products that are safer, more effective, and on par with international standards
LanzaTech has even produced novel biocatalyst strains capable of producing chemical intermediates beyond Ethanol, such as Isopropanol and Acetone, with more in the pipeline, supporting India’s strategic expansion into sustainable chemicals
Energy policy is a long game and maybe it’s just not suited to being managed by politicians with inevitable short-term horizons.
Not only does it enable plant-specific learning but reduces risks and cost while speeding up training time
Government’s initiative to sanction the PLI Scheme for chemical manufacturers will help us convert challenges into opportunities and realign supply chain from China to India thus making India a major chemical manufacturing hub globally
India is facing cut throat competition from other Asian giants like China, Japan, Thailand, Malaysia, and South Korea
CAGR production of chemicals and petrochemicals during the period 2015-16 to 2019-20 was 5.74% where Alkali chemicals share accounted for 70% of total chemical production
Overall, the specialty segment is expected to grow by 10-12% per annum over the next few years
Forward-looking companies are looking to end-to-end DRP to predict equipment health, monitor performance, and enable advanced maintenance to eliminate unplanned downtime
India’s production of grey hydrogen amounts to 7 million tonnes per year.
Factors contributing for the structural growth of the sector in India is the increase in outsourcing opportunities due to global consolidation and domestic demand, fueled by burgeoning consumption, creating R&D ecosystem and rolling out sector specific PLI schemes
We see tremendous opportunities to use our technology and expertise in carbon capture and storage, hydrogen, and biofuels to support meaningful reductions in global emissions.
Most of the stakeholders including producers, buyers, technology providers, and farmers have to work in tandem to create a win-win situation
In nearly 26 years of process engineering work at Toray Plastics (America), with almost 20 of those years in direct support of manufacturing, working on rotating 12-hour shifts, my team and I have faced and have overcome many challenges.
India should assess the competitive advantage that it offers global H2 players and investors that would encourage them to bring technology and investments to India
Continuous investment in innovation and R&D will drive agricultural productivity and yield enhancement, and offer an entire suite of agri-inputs to the farmer community
Creating end-to-end crop value chains and strong linkages to farmers and farmer collectives will expand its global competitiveness
Chemical companies have passed the proof-of-concept stage and are now running pilots or beginning to partially scale up digital efforts
Combination of digitization, automation, sustainability and data will be the key differentiator
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