A new COVID-19 Response Report (CRR), produced by Oxford Business Group (OBG) in partnership with the Gulf Petrochemicals and Chemicals Association (GPCA), will explore the key role that innovation is set to play in adding value to the downstream energy industry and driving new growth as the region’s markets move forward with their economic diversification strategies.
Provisionally titled Innovation Landscape in the GCC Petrochemical Industry, the report will provide in-depth analysis of the sector in an easy-to-navigate and accessible format, focusing on key data and infographics relating to the region’s socio-economic landscape.
The report will chart domestic and export sales of Gulf petrochemical products in the years leading up to the outbreak of COVID-19 and assess the initial impact of the pandemic on the industry. It will then examine the policies implemented across the region aimed at helping downstream firms to tackle the challenges they faced during the crisis.
The report will also consider what the near term holds for the industry by shining a spotlight on Gulf export markets and analysing their prospects for recovery.
Other topical issues explored include the increased focus on issues relating to sustainability and environmental, social and governance (ESG) principles. Here the CRR will examine the move towards projects centred on clean technologies and fuels, as investors increasingly seek out initiatives that reflect global shifts in priorities and demands.
The report will feature several case studies in which a range of topical issues are analysed, such as how companies operating in the industry adapted to the disruption caused by COVID-19 and the changes made to their long-term strategies in the wake of the pandemic.
Subscribers will also find interviews with key stakeholders from the sector, including Dr. Abdulwahab Al-Sadoun, Secretary-General, GPCA.
Al-Sadoun said: “The pandemic led to the acceleration of developments already under way across several sectors of the economy, which has heightened the need for the chemical industry to recognise innovation as a primary strategic business function.
“We see opportunities for product and process development in several key areas, including sustainability, circular economy, recycling, decarbonisation, feedstock evolution and digitalisation.”
For more information visit www.gpca.org.ae
