EVENT RE­VIEW

In his in­au­gu­ral ad­dress on day one of the 13th GPCA An­nual Fo­rum, Shaikh Mo­hammed bin Khal­ifa bin Ahmed Al Khal­ifa, min­is­ter of oil, Bahrain, called on the chem­i­cal in­dus­try in the GCC to col­lab­o­rate and in­no­vate to meet to­day’s global chal­lenges

Refining & Petrochemicals Middle East - - CONTENTS -

A re­view of the 13th GPCA An­nual Fo­rum, which took place dur­ing 26-28 Novem­ber 2018 in Dubai, UAE

Trade wars, cur­rency chal­lenges and the com­modi­ti­sa­tion of prod­ucts have led the chem­i­cal in­dus­try to the cross­roads we are at to­day. We must ac­knowl­edge the key role the GCC plays in meet­ing global de­mand and utilise our strong re­gional net­work, ac­knowl­edge the best prac­tices from across the globe and fo­cus our ef­forts on cap­i­tal­is­ing on the nu­mer­ous in­no­va­tion op­por­tu­ni­ties that the move to­wards a cir­cu­lar econ­omy will bring,” Shaikh Al Khal­ifa said, ad­dress­ing more than 2,100 del­e­gates.

Strong and vi­sion­ary CEO lead­er­ship is es­sen­tial for im­ple­ment­ing the cir­cu­lar econ­omy and reach­ing new lev­els of sus­tain­able eco­nomic growth. By ap­ply­ing these prin­ci­ples, com­pa­nies can de­sign out waste, in­crease re­source pro­duc­tiv­ity and de­cou­ple growth from nat­u­ral re­source con­sump­tion, the min­is­ter added.

Cit­ing the wave of in­no­va­tion of ‘In­dus­try 4.0’, the fourth in­dus­trial rev­o­lu­tion en­abled by dig­i­tal and phys­i­cal tech­nolo­gies, Shaikh Al Khal­ifa urged in­dus­try lead­ers to em­brace tech­nol­ogy with cau­tious op­ti­mism, em­power ex­ist­ing teams and fu­ture pro­fes­sion­als keep­ing is­sues such as se­cu­rity and op­er­a­tion ex­cel­lence at the fore­front.

The min­is­ter’s speech mir­rored the start of pro­ceed­ings on day one, which in­cluded a glimpse into the fu­ture, and en­cour­aged re­gional chem­i­cal in­dus­try pro­fes­sion­als to lever­age the full po­ten­tial of data and cir­cu­lar econ­omy, to in­crease ef­fi­cien­cies and fos­ter fur­ther in­no­va­tion.

In­tro­duc­ing the fo­rum was Yousef Al­benyan, vice chair­man and CEO, SABIC, and chair­man, GPCA, who de­liv­ered the wel­come ad­dress. “Global chal­lenges to trans­for­ma­tion are real. In or­der to meet these, re­gional and global chem­i­cal in­dus­try play­ers need to fo­cus their ef­forts on port­fo­lio en­hance­ment, com­pet­i­tive­ness and growth mea­sures. To re­main rel­e­vant in this trans­form­ing value chain, we must col­lab­o­rate through value-cre­at­ing and win-win part­ner­ships. Col­lab­o­ra­tion with IOCS and NOCS in North Amer­ica and Asia, R&D in­vest­ment, cus­tomer in­ti­macy, and dig­i­tal­i­sa­tion are key to the vi­a­bil­ity of your busi­ness; so, if you are not there yet, the time is now,” Al-benyan said.

Rep­re­sent­ing one of the world’s fastest grow­ing mar­kets for re­fin­ing and chem­i­cal prod­ucts, Raghaven­dra Rao, sec­re­tary, chem­i­cals and petro­chem­i­cals, In­dia, was also among the dig­ni­taries at­tend­ing the fo­rum and ad­dress­ing its theme of ‘Ex­e­cut­ing Trans­for­ma­tion and In­vest­ing in Growth’. From global in­dus­trial op­por­tu­ni­ties in In­dia, re­gional growth prospects and fun­da­men­tal shifts in cus­tomer pref­er­ences, Rao pro­vided a global out­look and high­lighted is­sues that the in­dus­try as a whole needs to ad­dress.

The au­gust speaker list for this year’s fo­rum in­cluded Amin Nasser, pres­i­dent and CEO, Saudi Aramco, Mus­abbeh Alka­abi, CEO, petroleum and petro­chem­i­cals, Mubadala, Mut­laq H Al-mor­ished, CEO, TASNEE, and global chem­i­cal CEOS – Jim Fit­ter­ling, CEO, Dow Chem­i­cal Com­pany, Mark Lashier, pres­i­dent and CEO, Chevron Phillips Chem­i­cal Com­pany, and Daniele Fer­rari, CEO, Ver­salis.

Key­note speak­ers on day two were Mu­rat Sön­mez, man­ag­ing di­rec­tor, head of Cen­tre for the Fourth In­dus­trial Rev­o­lu­tion, and Fer­nando Gómez, head of chem­istry and ad­vanced ma­te­ri­als in­dus­try, both from World Eco­nomic Fo­rum. They high­lighted the im­por­tance of In­dus­try 4.0, while Dr Aabed Al-saadoun, deputy min­is­ter for com­pany af­fairs, Min­istry of En­ergy, In­dus­try and Min­eral Re­sources, Saudi Ara­bia, dis­cussed Saudi Ara­bia’s na­tional in­dus­trial de­vel­op­ment and lo­gis­tics pro­gramme.

Cit­ing strong growth fig­ures, through­out the 2-day event, speak­ers high­lighted the need for evo­lu­tion within the chem­i­cal in­dus­try bear­ing in mind the emer­gence of new tech­nolo­gies, prod­uct slates and up­grades in ca­pa­bil­i­ties.

They also re­it­er­ated the im­por­tance of en­sur­ing that the in­dus­try’s com­mit­ment to­wards a cir­cu­lar econ­omy re­mains stead­fast and in­te­gral to cre­at­ing eco­nomic value, jobs and mit­i­gat­ing en­vi­ron­men­tal im­pact.

Other ex­cit­ing events on the agenda in­cluded a sem­i­nar on the cir­cu­lar econ­omy and four mas­ter­class ses­sions ded­i­cated to dig­i­tal­i­sa­tion – op­por­tu­ni­ties and chal­lenges from in­tro­duc­ing new tech­nolo­gies, cy­ber­se­cu­rity, women in in­dus­try, and the global chem­i­cal in­dus­try in an era of pro­tec­tion­ism.

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Saudi Aramco will make $100bn in­vest­ment in chem­i­cals in the next 10 years, says Amin H Nasser at the 2018 GPCA An­nual Fo­rum.

Raghaven­dra Rao, sec­re­tary, chem­i­cals and petro­chem­i­cals, In­dia, ad­dresses the theme of ‘Ex­e­cut­ing Trans­for­ma­tion and In­vest­ing in Growth’ at the 13th GPCA An­nual Fo­rum.

Shaikh Mo­hammed bin Khal­ifa bin Ahmed Al Khal­ifa, min­is­ter of oil, Bahrain, makes the in­au­gu­ral ad­dress at the 2018 GPCA An­nual Fo­rum.

Yousef Al-benyan, vice chair­man and CEO, SABIC, and chair­man, GPCA, de­liv­ers the wel­come ad­dress at the 13th GPCA An­nual Fo­rum.

Left to right: Shaikh Mo­hamed bin Khal­ifa bin Ahmed Al-khal­ifa, min­is­ter of oil, Bahrain, Raghaven­dra Rao, sec­re­tary, Depart­ment of Chem­i­cals and Petro­chem­i­cals, Gov­ern­ment of In­dia, Amin H Nasser, pres­i­dent and CEO, Saudi Aramco, and Yousef Al-benyan, vice chair­man and CEO, SABIC, and chair­man, GPCA, dur­ing a panel dis­cus­sion at the 2018 GPCA An­nual Fo­rum.

The 13th GPCA An­nual Fo­rum gave more than 2,100 del­e­gates a plat­form to net­work and share the best prac­tices in the chem­i­cal and petro­chem­i­cal in­dus­try from across the globe.

Shaikh Mo­hammed bin Khal­ifa bin Ahmed Al Khal­ifa, min­is­ter of oil, Bahrain, in­au­gu­rates the ex­hi­bi­tion at the 13th GPCA An­nual Fo­rum.

More than 2,100 del­e­gates from around the world at­tended the 2018 GPCA An­nual Fo­rum.

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