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Economy
Mahesh

24/05/23 06:25 AM IST

International Conference on Chemicals and Petrochemicals

In News
  • Department of Chemicals and Petrochemicals is organizing a B20 conference for the global business community, in collaboration with Confederation of Indian Industry (CII). 
About the conference
  • The aim of the Conference is to improve the safety and sustainable ecosystem for chemicals and petrochemicals industry across the four pillars of De-carbonization, Circular Economy, Biodiversity and Water Conservation.
  • The conference is an effort to promote sustainable development in chemical and petrochemical sector and to deliberate upon sustainable solutions of various issues being faced by the industry.
  • The conference will facilitate in identifying potential opportunities, exchange of knowledge amongst G20 countries on sustainability and circularity.
Objectives
  • Create a strong collective ecosystem for compliance and regulatory excellence that can remain as one of the non-negotiable agenda for the B20 members.
  • Change the present connotation with a positive image of chemical industry and its products by engaging government, industry, academia, and other concerned B20 stakeholders.
  • Promotion of best-in-class smart manufacturing to transform the industry by promoting advanced, innovative manufacturing and operational efficiency to produce better quality products at competitive prices.
Outcomes of the Conference
  • To enhance manufacturing capabilities of B20 members in medium and long term to become competitive in the global market.
  • Making the industry more sustainable by introduction to green technologies to circumvent the environmental impact.
  • To strengthen synergy and collaboration between industry and government administration to encourage transfer and adoption of best safety & sustainability practices.
  • To envision a collective action plan & strategy for sustainable chemistry: Develop Green Carbon Dioxide (CO2) from natural sources for synthesis of basic chemicals, Reduction in Carbon footprint with manufacturing process efficiency and Technologies for Carbon capture (CO2) and its long-term usage / storage etc.
Source- PIB

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