International Conference on Chemicals and Petrochemicals, Sustainable transitions through Green Technologies and digitalization held in New Delhi

International Conference on Chemicals and Petrochemicals: It is an effort to advance the cause of sustainable development within the chemical and petrochemical sector. The International Conference on Chemicals and Petrochemicals serves as a platform for industry stakeholders to engage in meaningful discussions and explore sustainable solutions to address the diverse challenges faced by the sector. International Conference on Chemicals and Petrochemicals is also important for UPSC Prelims Exam and UPSC Mains Exam (GS Paper 2- International Relations; GS Paper 3- Environment and Ecology).

International Conference on Chemicals and Petrochemicals in News

Recently, International Conference on Chemicals and Petrochemicals was inaugurated by Shri Bhagwanth Khuba, Minister of State for Chemicals and Fertilizers & New and Renewable Energy. The opening ceremony witnessed the presence of the Secretary of the Department of Chemicals and Petrochemicals, as well as representatives from various G20 member countries.

International Conference on Chemicals and Petrochemicals Details

The International Conference on Chemicals and Petrochemicals 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 was specifically centered around the Chemicals and Petrochemical sector and aimed to bring together the global business community.

• Organizers: In collaboration with the Confederation of Indian Industry (CII), the Department of Chemicals and Petrochemicals hosted a B20 conference on Chemicals and Petrochemicals in New Delhi.
• Mandate: 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.
• Participation: The International Conference on Chemicals and Petrochemicals saw participation of over 500 delegates from India and overseas, representing various industries, associations, and federations from B20 nations.
  • Additionally, government representatives also attended International Conference on Chemicals and Petrochemicals.
  • Industry delegates from countries such as Germany, Mexico, Russia, Hungary, the United States of America, Belgium, Singapore, the United Arab Emirates, and South Korea participated in the conference.
• Significance: The International Conference on Chemicals and Petrochemicals will facilitate in identifying potential opportunities, exchange of knowledge amongst G20 countries on sustainability and circularity.

International Conference on Chemicals and Petrochemicals Focus Areas

During the International Conference on Chemicals and Petrochemicals deliberations were held on

• Sustainability in the chemicals & petrochemicals industry,
• Pathways to achieve Net Zero/ Sustainability in chemicals & petrochemicals industry,
• R&D, Technology and Digital transformation in chemicals & petrochemicals industry and
• Inclusive & adaptive skill for sustainable ecosystem.

International Conference on Chemicals and Petrochemicals Objectives

Objectives of the International Conference on Chemicals and Petrochemicals are to-

• 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.

Part of B20 Engagement Event

As part of India’s G20 presidency, the Department of Chemicals & Petrochemicals, in collaboration with the Confederation of Indian Industry (CII), is hosting a B20 engagement event titled “International Conference on Chemicals and Petrochemicals: Sustainable Transitions through Greentech & Digitalization.”

• The Business20 (B20) serves as the official G20 dialogue forum that facilitates discussions between the global business community, policymakers, and civil society.
• The objective of the B20 is to provide actionable policy recommendations on key priorities to promote economic growth and development.

International Conference on Chemicals and Petrochemicals Outcomes

The outcomes of International Conference on Chemicals and Petrochemicals are-

• 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.

Business 20 (B20) India 2023 Events under G20 India being Organized in Aizawl, Mizoram