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India's economic growth is closely related to its energy demand, therefore, the need for oil and gas is projected to grow more, thereby making the sector quite conducive for investment.
Low oil prices have global consequences. Most directly, there are job losses at companies that extract and refine the oil.
Tomorrow's world will become even more so a world created by chemistry, as many future climate-neutral and circular solutions rely on chemicals, from wind turbines to electric vehicles.
China, the US, India, Russia, and Japan contribute to more than half of the total global greenhouse gas emissions.
Chemical & Petrochemical Sector Outlook 2020
Occupational profiles are changing too: some jobs are disappearing as a result of automation while entirely new jobs are emerging.
The recovery may not be sharp as industrial, but it is not going to be like a bathtub economic model too.
Start with the playbook from five years ago, then consider tougher measures.
Practical steps for responding to the coronavirus crisis.
The big challenge for GCC producers will be adapting to the significant changes required in their business models to successfully own, operate and manage specialty businesses.
Stay updated with the latest chemical industry trends and innovations.
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