By: ICN Bureau
Last updated : February 18, 2021 12:15 pm
Indian Chemical News (ICN), an online news media covering the Petrochemical, Chemical, Pharma and Energy sector is organizing an E-conference on “India's Petrochemical Industry Outlook 2021” on 19th February, 2021 from 3 PM – 4:30 PM.
Indian Chemical News (ICN), an online news media covering the Petrochemical, Chemical, Pharma and Energy sector is organizing an E-conference on “India's Petrochemical Industry Outlook 2021” on 19th February, 2021 from 3 PM – 4:30 PM.
The global petrochemicals industry has been witnessing a gradual shift. The changing market dynamics in the upstream oil and gas sector are changing the way base chemicals capacities are added and utilized. The choice of feedstock, demand patterns, government directives and capital efficiency paradigms are influencing how regional base chemicals capacity additions are happening and which feedstocks remain or become the most preferred.
India has now been ranked sixth among the world's 10 largest manufacturing countries. The petrochemical industry contributes about 30 percent of raw material to the chemical industry which is expected to reach $300 bn by 2025. The petrochemical industry itself is expected to cross US $100 billion by 2021 at a CAGR of 14%. The main focus of the industry is to plan capacity addition and meet the domestic as well as export demand. The industry needs to be nurtured with the right policies and fiscal support from the government.
The overall outlook for the petrochemical industry in India is more positive than it was in 2020 as several state-owned energy corporations have made investments to boost petrochemical feedstock availability and extend their presence in the downstream derivatives market.
The confirmed speakers for the E-conference are: K. K. Jain, Executive Director, Center For High Technology; P. V. Ravitej, Executive Director - Refineries, BPCL; Prasad Panicker, Director & Head of Refinery, Nayara Energy; Milind S. Patke, Executive Director – Biofuels, BPCL; Samir Somaiya, CMD, Godavari Biorefineries; Chandan Sengupta, Senior Vice President, Haldia Petrochemicals; and Sudeep Maheshwari, Senior Principal, Kearney. The event is moderated by Pravin Prashant, Editor, Indian Chemical News.
The key discussion points are: India’s refinery scenario in 2021; India’s cracker scenario in 2021; Competitive environment in India’s petrochemical; Downstream derivatives scenario in 2021; Future grass root refining and petrochemical capacities; Technology trends in petrochemical; Biorefinery trends in petrochemical; Ethanol trends in 2021; Petrochemical growth opportunities in 2021; Impact of budget on petrochemical; and Strategic imperatives for success in petrochemical.
The demand for petrochemical products in 2021 will increase thanks to increased infrastructure spending and vehicle scrapping policy of the government says Pravin Prashant, Editor, Indian Chemical News.
India will also see capacity additions on the cracker front by all refineries to meet the increased demand added Prashant.
The e-conference is organized with support from Elliott Group.
Here's the link to pre-register for attending the live session on 19th February 2021 from 3:00 PM to 4:30 PM IST