Chronicle of how India’s megatrends and economic surge shape the growth and transformation of the Indian Chemical Industry as we look back & look ahead on India@75
Industry decarbonisation is feasible but reducing carbon dioxide (CO2) emissions in these sectors is relatively difficult
Producers of plastic packaging are required to take responsibility for the post-consumer plastic packaging waste under EPR
Different CxO offices need to interact and collaborate to execute the plan while Program Management Office orchestrates the whole operation and reports progress to top management
Digital solutions are essential to improve resource efficiency and minimize the carbon footprint of the industry’s operations.
Digital transformation is not just the responsibility of leadership; it is a journey that requires input from every level of an organization.
Given the enormity and complexity of the task at hand, few key questions need to be answered?
The development and establishment of an adequate institutional and regulatory framework is important for sound management of chemicals.
More than 250 samples of bottled drinking water from nine different nations were tested in 2018, and it was discovered that 90% of the samples were contaminated with plastic, notably polypropylene (54%), nylon (16%), and polyethylene or PET (6 percent)
The global energy landscape continues to be dominated by fossil fuels. Over 73% of human-caused greenhouse gas emissions are attributable to energy consumption.
Domestic gas prices have been notified at US $6.1/mmbtu for H1 FY2023 and have more than doubled from the gas price of US $2.9/mmbtu for H2 FY2022.
The” Green Hydrogen” is expected to revolutionise energy and feedstock sources for several applications including oil refining processes, production of fertilizers, Ammonia and Methanol as fuel, steel plants, transportation sector, injections in natural gas pipelines grid, synthetic fuels, buildings, etc.
Technology should be targeted and implemented across people, places, and processes over the entire chemical supply chain in order to bring in logistics efficiency
Carbon capture is necessary to achieve commitments while the world transitions to carbon-free energy sources.
Interest in ammonia will only grow as the world races towards decarbonisation. Backed by advances in emerging technologies, ammonia offers new opportunity to help accelerate the world’s transition to a carbon-free society
The capability supports three of the most powerful knowledge tools in human toolkit and these tools are basically for conceptualization, comparisons, and collaboration
Upskilling a new generation of workers within the constraints of the new normal depends on cutting-edge solutions such as immersive training. Its benefits include plant-specific learning, reduced risks and costs, and faster training times
The utilization of CO2 as a feedstock for producing chemicals not only contributes to alleviating global climate changes caused by the increasing CO2 emissions but also provides a grand challenge in exploring new concepts and opportunities for catalytic and industrial development
HPGRDC is working in developing novel polyolefins like polyethylene, polypropylene, drag reducing polymers, value addition of the C4 & C5 refinery stream into high reactive polyisobutylene & DCPD hydrocarbon resin
The barrier to digital journey is not technology but it is the culture. Change Management is a must with strategy & vision along with a new operating model. People, Process & Technology (PPT) is taken as a three legged table to march on this digital journey
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