The global downstream industry is in a state of transition. The fall in oil prices, structural shifts in demand and supply trends, the evolving regulations on sulfur cap in marine bunker fuel, the continued expansion of the Asian economies, the possible repeal of the crude export ban in the US are just some of numerous industry trends that add risk to the business, challenges thus faced by the industry today are daunting. These trends will only accelerate going forward & greater changes will come over time thus calling for the industry's transformation.
This age of transformation and continuously shifting global marketplace, necessitates implementation of disruptive innovation technologies and strategies for the global downstream industry, dramatically shifting its focus towards a more nimble and efficient operating model to survive and ultimately thrive. That is easier said than done, to use innovation, the companies require not just big ideas but also key intelligence on the market trends, the big opportunities, the challenges ahead & future technologies etc. It also calls for self-evaluation, global collaboration with strategic partners, modernization of their IT environment for migration to innovative technologies like the 3rd Platform & most importantly the timely adoption of these strategies & technologies to eventually make a difference.
Companies that successfully identify high-impact areas and develop transformative innovations & strategies under such conditions would make a difference, keep the lights on until the new dawn & ultimately emerge as the “Super-Refiners”.
The agenda for the Global Refining & Petrochemicals Congress 2017 (GRPC) is thus designed to help the national, regional & global industry deliberate, collaborate & demonstrate their understanding on what disruptive innovation & transformation means for them including an informative schedule of raising Global Standards and help them achieve overall excellence. Widely recognized as “The Definitive Forum” for the downstream industry, GRPC partakes with stakeholders across continents, promoting innovation & excellence to be incorporated at all levels.
It is thus with great pleasure that I, on behalf of the GRPC 2017 Advisory Board, invite you to participate in the 2nd edition of The Global Refining & Petrochemicals Congress 2017, to be held on 25-26 May 2017 at Bombay Exhibition Center, Mumbai, India.Please join us in this worthy and exciting mission. Your participation is vital to achieving the goals of this conference and the transformation of the global downstream industry.
I look forward to welcoming you at The Global Refining & Petrochemicals Congress 2017!!Anand Kumar
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