The event will further shed light on the advances and changes in the chemical industry and the increasingly important role it is playing in the region.
H.E. Raghavendra Rao will address the forum’s theme of “Executing Transformation and Investing in Growth”. He will provide depth and insight into global industrial opportunities in India, talk about regional growth prospects and outline the shift in customer preferences.
His addition to the forum agenda is especially significant as India is the second largest importer of GCC crude and accounts for at 16% of total chemical exports from the region. This makes for the second largest share after China. It is also one of the world’s fastest growing markets for refining and chemical products and accounts for a significant share of the global demand.
In its role as a key producer globally of crude oil, chemicals and petroleum products, the Arabian Gulf region continues to play a pivotal role in India’s energy security. Several new strategic partnerships were announced between the two regions recently. In June this year, Saudi Aramco and ADNOC in consortium with three Indian oil companies committed to the development of a USD 44 billion mega-refinery and petrochemicals complex in Ratnagiri, India.
Commenting on this special relationship Dr. Abdulwahab Al Sadoun, Secretary General of the GPCA, expressed his delight at the impressive lineup of speakers and said, “The Arabian Gulf region enjoys a long-standing relationship with India– one that is founded upon strategic ties aimed at advancing the country’s economic and social prosperity. As an important demand center for chemicals and petrochemicals, a demand that is set to remain steady for the future, India remains an important market for GCC producers, offering significant opportunities for closer cooperation and partnerships in the chemicals industry.”
H.E. Shaikh Mohammed bin Khalifa bin Ahmed Al Khalifa, Minister of Oil, Bahrain will inaugurate the event and share his insight on the region.
“To have the minister open the forum is a matter of great pride and underscores the significance of the GPCA Annual Forum in our sector and the region as a whole. These august speakers will address the challenges and opportunities of executing transformation and set out the key imperatives to invest in growth,” he added.
Yousef Al-Benyan, Vice Chairman and CEO, SABIC and Chairman, GPCA, will deliver the welcome address, followed by Amin Nasser, President and CEO, Saudi Aramco, who will address the audience in a keynote address on day one.
Other distinguished speakers include Musabbeh Al-Kaabi, CEO, Petroleum and Petrochemicals, Mubadala; Mutlaq H. Al-Morished, CEO, TASNEE, and global chemical CEOs – Mark Lashier, President and CEO, Chevron Phillips Chemical Company; and Daniele Ferrari, CEO, Versalis.
Other exciting events on the agenda include a seminar on the Circular Economy and four masterclass sessions dedicated to Digitization – opportunities and challenges from introducing new technologies; Cybersecurity; Women in Industry; and ‘The global chemical industry in an era of protectionism’. Each is designed to provide delegates with an exclusive opportunity to gain insight into the latest challenges and trends facing the industry and the best way to address them.
For more information, and to register, please visit: www.gpcaforum.net
About the Gulf Petrochemicals & Chemicals Association
The Gulf Petrochemicals and Chemicals Association (GPCA) was established in 2006 to represent the downstream hydrocarbon industry in the Arabian Gulf. Today, the association voices the common interests of more than 250 member companies from the chemical and allied industries, accounting for over 95 percent of chemical output in the GCC. The industry makes up the second largest manufacturing sector in the region, producing over US$108 billion worth of products every year.
GPCA supports the petrochemical and chemical industry in the Arabian Gulf through advocacy, networking and thought leadership initiatives aimed at helping member companies to connect, share and advance knowledge, contribute to international dialogue, and become prime influencers in shaping the future of the global petrochemicals industry.
Committed to providing a regional platform for stakeholders from around the world, GPCA manages six working committees – Plastics, Supply Chain, Fertilizers, International Trade, Research and Innovation, and Responsible Care – and organizes six world-class events each year. The association also publishes an annual report, regular newsletters and various other industry reports.
For more information, visit www.gpca.org.ae .
Gulf Petrochemicals and Chemicals Association
P. O. Box 123055,
United Arab Emirates
T: + 9714 451 0666 Ext. 126
© Press Release 2018