On 2 October, during
the Russian Energy Week International Forum, a session ‘Key Factors in the
Competitiveness of the Global Petrochemical Chemistry: A Paradigm Shift?’ will be held with the support of
SIBUR. The session will be attended by Deputy Minister of Energy of the Russian
Federation Pavel Sorokin, Chairman of the Management Board and CEO of SIBUR
Mikhail Karisalov, Head of Division for Energy Supply and Investment Outlook of
the International Energy Agency (IEA) Tim Gould, as well as representatives of
government and large business.
Due to increased
demand, improved technologies and large-scale investments, petrochemicals are
developing rapidly, outpacing global economic growth. The development prospects
largely depend on the situation in the hydrocarbon markets, regional focus in
terms of raw materials and production, and differences in industry incentive
and regulatory mechanisms. At the same time, the global petrochemical industry witnesses
a dynamic change in consumer preferences, demand for new materials, increasing
environmental standards, and developing closed-loop economy based on recycling.
During the session,
participants plan to discuss what internal and external challenges can change
the paradigm for the industry development, as well as the expected recycling
growth rates in Russia and globally.
