The petrochemical industry is among the key sectors of growth of any nation and important for the world economy.
Leadership Insights
The petrochemical industry is among the key sectors of growth of any nation and important for the world economy.
Digitalization is changing the face of the oil & gas sector by breaking clear boundaries between physical-digital geographical regions. The energy supply is revolutionized through the 4IR technologies like cloud computing, Artificial Intelligence AI and Big Data.
Throughout my tenure in the energy sector, the integration of refinery and petrochemical operations has emerged as a striking and significant evolution, a change that has fundamentally redefined the paradigms of efficiency and profitability in our industry.
All over the world, the idea of becoming net zero in emissions is taking root. Countries, both developed and developing, are taking positive steps towards reducing their emissions. These emissions play a huge role in atmospheric pollution and global warming. Climate change is becoming a real concern because of harmful emissions and global warming.
“Recycling” the term is becoming popular in this era to maintain environmental consciousness and sustainability. Recycled plastics have been available over time, and regardless of the steady growth, the recycling segment has been a niche section in this evolving petrochemical market.
In India, petrochemicals are a major factor in helping the nation become an economic superpower. It is estimated that the growth trajectory of this sector shall continue its upward trend owing to the shifting consumer preferences, innovations happening in this sector, and rise in consumer demand.