Page 132 - CW E-Magazine (29-10-2024)

Top Stories

FICCI Chemicals and Petrochemicals Awards 2024
Award Chemicals Petrochemicals
Product Innovator of the Year Crystal Crop Protection Ltd. Indian Oil Corporation Ltd.
Best Green Product Asian Paints Ltd. & K.C. India Ltd. Reliance Industries Ltd. (Hoshiarpur)
(Unit: Neelkanth Polymers)
Best Green Process Bhumistha Infra Service, Rallis India Ltd. Indian Oil Corporation Ltd.
(Dahej)
Leader in Energy Management Rashtriya Chemicals & Fertilisers Ltd. Reliance Industries Ltd.
(Petcoke Gasifi cation Complex)
Leader in Water Management Gharda Chemicals Ltd.
Sustainability Leader of the Year Asian Paints Ltd. Mitsu Chem Plast Ltd.
Excellence in Agrochemicals Excel Industries Ltd.
Excellence in Safety Corteva Agrosciences Pvt. Ltd. Reliance Industries Ltd. (Polyester Division)
Company of the Year Jubilant Ingrevia Ltd., Himadri Speciality Panama Petrochemicals, Bharat Petroleum
Chemicals Ltd., Gujarat State Fertiliser Com- Corporation Ltd., HMEL
pany, Deccan Fine Chemicals India Pvt. Ltd.,
Epsilon Carbon Pvt. Ltd.
DigiTech Frontrunner of the Year Lanxess India Pvt. Ltd. Indian Oil Corporation Ltd.
Excellence in Exports Laxmi Organics Ltd., Jeevan Chemicals
Outstanding Contribution to Society Gharda Chemicals Ltd.
Women Leader of the Year Dakshita Soni and Abhilasha Mishra
(Indian Oil Corporation Ltd.)
Make in India Champion of the Year Asian Paints Ltd. Indian Oil Corporation Ltd.
Lifetime Contribution Nadir Godrej, CMD, Godrej Industries Ltd.;
and Mr. Ashwin Shroff, Chairman, Excel
Industries Ltd.
industry to learn from global chemi- followed industrial development. “This bottles annually, which fi gure will rise
cal hubs such as the Port of Antwerp, is now changing, and it is refreshing to to 5-bn by 2026.
Port of Houston, and Jurong Island. see the high priority now being given to
“By synergising within clusters to infrastructure by governments.” ‘Focus on sustainability and safety’
share feedstock, achieve economies Dr. Klaus Rettig, President Asia
of scale, and create common facilities ‘Grab the emerging opportunity’ Pacifi c and Member of the Extended
for innovation and skill development, Mr. Nikhil Meswani, Executive Executive Board of Evonik Industries AG,
the industry can accelerate its develop- Director, Reliance Industries Ltd. (RIL), observed that the global chemical in-
ment,” he added. urged the Indian chemical industry to dustry is now moving to the next phase
capture the ‘China+1’; opportunity. of its growth with strong focus on sus-
Welcome focus on infrastructure “One-third of speciality chemicals tainability and safety. He also noted that
Mr. Deepak Mehta, Chairman, consumed in the country are imported, the global speciality chemicals industry
FICCI National Chemicals Committee, mainly from China, and this is a great is still facing pressures on profi tability,
observed that India is at a pivotal stage opportunity for investments in the due to overcapacity in several value
of its growth, with the chemical indus- country.” chains and weak demand. “Innovation
try set to expand signifi cantly. “Several will shape the future growth,” he added.
States in India – including Gujarat, Odisha, Mr. Meswani also pointed to the
Madhya Pradesh, and Maharashtra – increasing share of chemicals in modern Dr. Rettig saw an important role for
are aspiring to be a Singapore when refi neries – from 10-15% now to India in global and regional growth of
it comes to chemicals manufacturing,” 60-70% in the future – as the focus of the chemicals market. “We hope that
he observed. refi ners shifts from fuels to chemicals. the Free Trade Agreement with the EU
will be concluded soon.” Evonik, he
Pointing to the signifi cant change, Stressing the importance of circu- added, is also looking for partnerships
Mr. Mehta noted that in India infra- larity initiatives, he noted that RIL is to drive the next phase of its growth in
structure development has historically currently recycling nearly 2-bn PET India.

132 Chemical Weekly October 29, 2024

Contents Index to Advertisers Index to Products Advertised