Petrochemicals by S&P Global Commodity Insights’ Post

Kicking off Day 1 at the 18th Annual Gulf Petrochemicals and Chemicals Association (GPCA) Forum with welcome remarks by Eng. Abdulrahman Al-Fageeh, CEO of SABIC & Chairman of GPCA. Stay tuned as we bring you the latest highlights from this prestigious event! 

 #GPCAForum #PolymerUpdate #IndustryInsights

With disruptions expected to continue and worsen, strategic value chain tie ups will be essential to ensure a sustainable future, agreed speakers at the 15th Gulf Petrochemicals and Chemicals Association (GPCA) Supply Chain Conference.   Held under the theme “Harnessing Connectivity for a Sustainable Tomorrow”, the prestigious annual conference hosted 320 delegates from 114 companies in 17 countries, addressing some of the most crucial themes shaping GCC chemical supply chains.  Read more on https://lnkd.in/dQhreXjJ #OGNews

Sadara Chemical Company has signed a Memorandum of Understanding (MoU) with ASMO, a joint venture between Saudi Aramco and DHL during the recently held IKTVA Forum and Exhibition. https://lnkd.in/gGQmsj22 #IKTVAForum #procurement #inventorymanagement #logistics #FayezAlSharef ASMO aramco 

Heading to GPCA in Oman, and we’re curious—𝗵𝗼𝘄 𝗮𝗿𝗲 𝘆𝗼𝘂 𝗻𝗮𝘃𝗶𝗴𝗮𝘁𝗶𝗻𝗴 𝘁𝗵𝗲 𝗰𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗲𝘀 𝗼𝗳 𝘁𝗵𝗲 𝗰𝗵𝗲𝗺𝗶𝗰𝗮𝗹 𝗺𝗮𝗿𝗸𝗲𝘁? With global supply exceeding demand, strategically 𝘁𝗮𝗿𝗴𝗲𝘁𝗶𝗻𝗴 𝘁𝗵𝗲 𝗿𝗶𝗴𝗵𝘁 𝗺𝗮𝗿𝗸𝗲𝘁𝘀 and 𝗽𝗹𝗮𝗻𝗻𝗶𝗻𝗴 𝘆𝗼𝘂𝗿 𝘀𝘂𝗽𝗽𝗹𝘆 𝗰𝗵𝗮𝗶𝗻 has never been more crucial to staying ahead of the competition. If you’re attending GPCA, let’s connect and explore how 𝗢𝗠𝗣 𝗳𝗼𝗿 𝗖𝗵𝗲𝗺𝗶𝗰𝗮𝗹𝘀 delivers end-to-end visibility and actionable insights to help chemical companies stay ahead, safeguard margins, and drive profitability. #SupplyChain #Chemicals #OMPForChemicals Gulf Petrochemicals and Chemicals Association (GPCA) Jan Lemmens | Sergey Shveykin

What an exceptionally informative executive panel session at 15th Annual #GulfGulf Petrochemicals and Chemicals Association (GPCA) #SupplyChain conference in #Dubai hosted by Gareth Adams. Thank you to the distinguished panellists Dawood Al Rahbi, VP Global Supply Chain, OQ, @Ahmed Al-Katheeri, SVP, Supply Chain Management, Borouge, Ather Ali Khan, Commercial Director, Almajdouie Logistics and Eng. Omar S. Bahobail, VP, Shared Services, SIPCHEM for sharing invaluable insights and experience regarding the importance of #collaboration across the #supplychain in shaping a more #sustainable future for the #chemicalindustry. Key takeaways included: - Collaboration is a key driver of value: The partnership approach helps drive innovation, new ways of working and enhanced outcomes. - #Sustainability is enabled by collaboration: It’s important to work closely with suppliers to develop new sustainable solutions and to work with local suppliers to keep the value in-country and in-region. - Focus on what you do best: Leverage expertise from outside partners, this will seed new ideas, allow outside partners to focus on their skills and you on “your bread and butter”. Outsourcing to experts frees-up your staff to focus their expertise on your core business areas.  - Data is key for innovation: Piloting new sustainable fuels for example needs not only collaboration with the end client to allow investment to be made, perhaps through loan guarantees, but data and analytics is key to rapid innovation and maximising value. #supplychainrisk #ESG

📢 Saudi Arabia 🇸🇦 and the Arab countries: Will they become the new key producers for European chemical distribution? 🌍 Saudi Arabia and the Arab countries are gaining increasing importance in the global chemical industry. The progress Saudi Arabia is making as part of Vision 2030 goes far beyond being a mere supplier of raw materials. With a focus on high-value chemicals and strategic partnerships, such as the acquisition of Covestro by ADNOC, it is clear that this region will play a central role in the future chemical value chain. At the upcoming EPCA Conference in Berlin, these developments will undoubtedly be a hot topic of discussion. With participants from around the world, including many from Arab countries, the strategic importance of this region for European chemical distribution will be addressed. Interested in more details? Read the full text as a PDF, where I share my thoughts and insights on this topic and explore how the region will impact the chemical industry in the long term. #ChemicalIndustry #SaudiArabia #Vision2030 #Covestro #Petrochemicals #EPCA #Sustainability #Innovation

Unlocking Saudi Arabia’s Manufacturing Potential: A Key Opportunity for Global Businesses. Saudi Arabia's deputy industry minister, Engineer Khalil Ibrahim bin Salamah, spotlighted the Kingdom’s burgeoning manufacturing sector during a significant trade show in Frankfurt. The event aimed to fortify ties with major German companies like GEA Group, LINDE, and IMA, setting the stage for robust industrial partnerships. 🔹 Key Insights: Expanding Cooperation: High-level discussions emphasized expanding industrial cooperation between Saudi Arabia and Germany, particularly in the chemical and pharmaceutical sectors. Investment Opportunities: Highlighted lucrative investment opportunities in Saudi Arabia’s dynamic industrial sector, focusing on innovation and sustainability. Industry Focus: Bin Salamah's visit to German petrochemical giants like Sanofi underscores the Kingdom's commitment to localizing pharmaceutical industries and fostering innovation. #SaudiManufacturing #InvestmentOpportunities #GCCBusiness #RealEstate #ArabianProperties #BusinessAdvisory #IndustrialGrowth

The Chemical Industries Chamber of the Federation of Egyptian Industries, led by Dr. Sherif El-Gabaly, held its monthly meeting with Dr. Khaled Soufi, Chairman of the Egyptian Organization for Standardization and Quality (EOS). During the meeting, a cooperation protocol was signed to enhance collaboration, improve product quality, and align with international standards. The protocol aims to provide technical support, conduct environmental and industrial waste tests, and offer advanced training for chemical industry companies. Dr. El-Gabaly emphasized the importance of this partnership in boosting the competitiveness of Egyptian products. Dr. Soufi highlighted EOS’s role in supporting industries through services like carbon footprint assessments and promoting sustainability, all in line with global trends to reduce emissions and enhance export opportunities.

The chemical industry is booming, driven by sustainability and mounting demand. For those looking to invest in this thriving sector, LyondellBasell Industries N.V. (LYB) stands out alongside Innospec Inc. (IOSP) and NewMarket Corporation (NEU). These companies, leaders in specialty chemicals, are poised for significant growth thanks to their fundamental strengths and innovative approaches. 🚀🌱 Specialty chemicals are essential across various industrial sectors. With over half of global production consumed by the food and beverages, soap, cleaning, and cosmetics, construction, and electronics industries, this market is anticipated to grow at a CAGR of 5.2% by 2030. The push for sustainability is also driving environmental practices across industries, catalyzing growth in eco-friendly products and practices. LYB, for instance, has made strategic acquisitions like the 35% stake in Saudi Arabia's National Petrochemical Industrial Company to bolster its core business and meet the rising demand for sustainable solutions. 📈🌍 LyondellBasell reported impressive financial performance with a 2.4% increase in sales reaching $10.56 billion for Q2 2024 and a 29.2% rise in net income to $924 million. The company also demonstrated notable return metrics with ROCE and ROTC significantly higher than industry averages. Given these robust fundamentals, it's no surprise that LYB is highly rated for value and stability, holding a strong outlook within the sector. 💼💡 The future for specialty chemical stocks like LYB looks bright, backed by their strategic advancements and strong market positions. Investing in such companies not only aligns with the growing sustainability trend but also holds the potential for solid returns. 📊🌟 #SpecialtyChemicals #SustainableInvesting #MarketGrowth

Excited to share that I have been invited to speak at the Gulf Petrochemical and Chemical Association Supply Chain Conference about the importance of customer centricity in today's market and how it relates to supply chain resilience. Looking forward to discussing this critical topic with industry leaders. #supplychainmanagement #aramex #petrochemicalindustry #aramexglobal