The World Petrochemical Conference 2022 will be a critical forum for global chemical industry executives, senior leaders from supply chain and other organisations plus IHS Markit experts to discuss the path of industry transition to a lower carbon footprint amid the current and forecast industry cycle. This event will providing unparalleled insights, detailed data and analysis, and outlooks that clients and customers have come to expect from IHS Markit. Our key themes include:
Net Zero: Carbon Management, Leadership and Global Energy Transition
The landmark COP 26 event in Glasgow, the US return to global efforts to tackle climate change, and ongoing financial and societal pressure, are vital steps in bringing businesses center stage in leading the Global Energy Transition agenda. Companies have a key role in setting new strategies and developing new business models to deliver change beyond sustainability.
The evolution of the Global Energy Transition Mix will also need to acknowledge the unprecedented impact of consumer behavior.
Environmental, Social, Governance: The Role of the Financial Community
The financial industry's role in “Investing in Climate Solutions” has been driving sustainable investments as part of identifying material risks as well as growth opportunities. How to avoid greenwashing and how to take meaningful action against climate change are top of the agenda as never before.
With social equality and racial issues taking center stage, business is also taking positive steps to promote diversity and inclusion to deliver a more equal and better- functioning society.
Health of the Chemical and Downstream Sectors: where are we in the cycle?
The pattern of supply and demand has provided some surprises in a changing global picture. The current capacity build cycle is leading to forecast surplus supply; but severe weather disruptions are impacting production dynamics. Demand, meanwhile, has been proving resilient and growing throughout the global pandemic, especially in the plastics arena.
Policy & Regulation: The need for action by 2030
From a regulatory perspective, US alignment with global policy directions in 2021 marked an important change in achieving a standardized reporting framework, mandatory climate risk reporting and carbon pricing mechanisms. How will this narrative develop and be implemented by international institutions for a unified approach post COP 26?
Supply chains: What does the post-pandemic recovery look like? Navigating the implications of climate change disruptions on product portfolios.
Ripple effects of supply chain disruption in the wake of COVID-19 have de-linked global markets. This perfect storm of disruptions has placed major constraints on the availability of key products at a time of rapidly recovering demand.
Notably, it is important to assess how interruption to international trade has impacted shipping and supply chains.
In the realm of cyber security, ransomware attacks have had increasingly disruptive effect, for example, targeting the Colonial Pipeline, one of the largest US pipelines carrying 45% of East Coast’s fuel supplies, with great impact.
Innovations & Technology: Commitment to a sustainable future
The global pandemic has amplified the importance of focusing on building a sustainable future for society and the chemical economy. Digitalization across petrochemicals has focused attention on the fundamental need for better real-time visibility across supply chains. To what extent are smart systems part of the solution for better efficiencies and ultimately for the environment?