GCC petrochemical grows despite volatility

17/07/2017 05:59 AST

The Gulf Petrochemicals and Chemicals Association (GPCA) has announced the line-up of confirmed speakers for the 12th Annual GPCA Forum, to be held later this year. Under the theme ‘The chemical industry in transformation: A new journey begins’, the forum is set to take place on Nov. 27–29, 2017 at the Madinat Jumeirah, Dubai, UAE.

With this in mind, 2017 marks another promising year for the Annual GPCA Forum, as an array of opportunities come to the fore.

Dr. Abdulwahab Al-Sadoun, Secretary General, GPCA, said: “Despite continued market volatility and increased competition abroad, petrochemical growth in the GCC region topped the global average growth. The industry grew at 3.7% in 2016 reaching 150 million tons of capacity, outpacing the global average of 2.2%. As ‘transformational’ new, highly complex projects come on stream in 2017-2018, growth is set to continue, shifting the focus from commodity chemicals to higher value specialty products.” He continued: ”The Annual GPCA Forum has emerged as an essential knowledge-sharing and networking platform for regional and global stakeholders, where delegates can gather insights from the CEOs of the world’s leading chemicals firms. As a mainstay on the downstream sector’s yearly calendar, the 2017 Annual GPCA Forum is set to be the most impactful edition yet and is a must-attend event for key players from the industry.”

In line with this year’s theme, the 2017 edition of the Annual Forum is centered on the opportunities afforded by organizational transformation and aims to facilitate the exchange of ideas on topics that have great implications for the industry – and are influencing the corporate agenda. With the industry undergoing significant changes, in the wake of geopolitical shifts and an evolving technological landscape, there has never been a more important time to address the issues of transformation and disruption. The 12th Annual GPCA Forum, the flagship event in the global industry’s calendar, will bring together renowned thought leaders and experts from the industry to share insights on driving strategic partnerships, diversification, investments and capitalizing on a new era of changes in the global competiveness landscape.

Yousef Al-Benyan, Vice Chairman and CEO, SABIC and Chairman, GPCA, will open the forum, while Hariolf Kottmann, CEO, Clariant, and President, International Council of Chemical Association (ICCA) and the European Chemical Industry Council (Cefic), will deliver the keynote address. Confirmed speakers include the likes of Neil A. Chapman, President, ExxonMobil Chemical Company, Bob Patel, CEO, LyondellBasell, Ziad S. Al-Labban, CEO, Sadara Chemical Company, and Patrick Thomas, CEO, Covestro.

Besides the main conference program, seminars held over the course of the three-day forum will provide key insights and enable industry players to initiate transformational change within their organizations. A seminar entitled ‘Collaborating and Growing in a Fast-Transforming Global Landscape’ will be the highlight of Day 0. As part of the GPCA’s Leaders of Tomorrow program, a platform that provides university and college students engaged in science, technology, engineering and mathematics (STEM) fields an opportunity to learn through close interaction with industry leaders, there will also be a dedicated seminar for students eager to pursue a career in the downstream industry.

Last year’s edition of the Annual GPCA Forum drew more than 2,000 international chemical executives gathered in Dubai to gain essential information, make new connections and renew existing relationships. Since the first meeting in 2006, event attendance has grown steadily year on year.

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