Date(s) - 07/12/2021 - 09/12/2021
15th annual forum of the Gulf Petrochemicals and Chemicals Association (GPCA) will looks at “the chemical industry in a post-pandemic reality”
The global chemical industry is undergoing a rapid shift as the global economy is in a period of flux. The year 2020 was an inflection point for the chemical industry, with the pandemic exposing the industry’s weaknesses and accelerating the formation of new strategies and business models. The unprecedented speed and scale of the crisis brought about a surge in various trends, especially digitalization, which created a host of opportunities for the downstream hydrocarbon industry, and a heightened focus on sustainability.
The adoption of modern digital technologies has not only increased productivity, but also supported the development of new and innovative business ideas. The pandemic further accelerated the drive towards decarbonization, which in turn is supporting several nations’ vision to meet their net zero carbon emission targets. With clean hydrogen gaining traction around the world, it presents a new opportunity for the industry to embark on the journey of energy transition. In response to policy needs and evolving consumer preferences, investors too are taking decarbonization seriously, further intensifying environmental, social and governance (ESG) efforts. Incorporating ESG strategies is helping build competitive advantage and advancing the industry’s sustainability agenda.
Full details can be found here.