ICRA projects domestic consumption to increase to around 270 mmscmd in 2047 from 163 mmscmd in FY2022
India’s transition to a circular economy holds immense potential for driving sustainable economic growth
The future looks bright for the Indian specialty chemicals industry with large investments, merger & acquisitions, and robust export revenue growth
The removal of the required sulphates and chloride additives from Boric Acid would have a detrimental impact on the operational sustainability of the end consumer industries
India can start with a few large green hydrogen hubs that could in future interconnect rather than think of an expensive and premature national hydrogen backbone, but a similar policy framework would work well in hydrogen, as it did in payments
The chemical and refinery sector of India is expected to continue its growth trajectory in the future
ESG solutions serve to collect the relevant data, calculate key metrics, set and track ESG KPIs, and preview data in interactive dashboards from across all entities within a company
The new paradigms are Waste to Wealth, Circular Economy and Renewable Energy, particularly solar, wind and green hydrogen. Recycle Engineering, Process Intensification, Waste Minimization and Green Processes must be practiced for achieving sustainability
Bioenergy triggers carbon neutral cycles, as carbon absorbed by the plants from the atmosphere during photosynthesis is released during combustion of biofuels
Crude Oil-to-Chemicals offers a path to greater refining profitability by converting lower value crude oil to higher value chemicals
Scientists and engineers working in R&D should also focus on developing new sustainable materials, such as biodegradable plastics, bio-based materials, and recyclable materials to replace traditional materials that are less sustainable
India’s logistics currently accounts for 13-14% of the GDP, and with seamless connectivity, superior infrastructure, and strong export and logistics efficiency, it can be brought down to 7-8%
Building a progressive culture is not just about ticking off boxes of diversity and inclusion but it is about creating an environment where everyone feels included and can contribute to the company's growth
Driven by vision 2034 to improve domestic production, chemicals could offer a hub of growth opportunities over the next one decade
India’s battery material industry, which was valued at US $1.66 billion in 2020 and is projected to reach US $4.85 billion by 2027
Digitalization may have several positives, but it serves as a catalyst for most companies to help create an agile and sustainable environment
Solutions for availability of drinking and potable water for India needs a sustainable approach moving towards total water quality management
The implementation of coal to chemical projects in India shall not only contribute to the growth of the country in terms of domestic product development and import substitution but also employment generation
India has the potential to become a low-cost, zero-carbon manufacturing hub by implementing appropriate policies, encouraging industry action, generating and promoting markets, and increasing investor interest
Rising demand, increasing end use applications, demand for more value centric products on account of increasing income, geopolitical changes, and supply chain disruptions will further drive chemical manufacturing into India
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