The crude oil, petrochemicals and refining industry are one of the largest and the most important industries globally. However, they are also some of the most complex sectors of all industries. These industries form the heart of almost everything around us from transportation to clothing.
These industries have always had a huge impact on the economy, geo-politics and international conflicts. Even the slightest change in crude oil prices results into a cascading effect on everything we buy. On the downside, the crude oil industry is considered as one of the major source of climate change and environment pollution across its value chain. Despite this over dependence on crude oil industry, it is predicted that the global energy demands will further increase by 30 to 40 percent by 2040.
Today, there is a desperate need for this industry to tide over these challenges of soaring energy demands, global war crisis, need for sustainability and so on.
Understanding the need for the industry to work as a team and collaborate to meet these challenges, Worldofchemicals.com and Chemical Today magazine is organising a virtual conference - OIL & PETROCHEM SUMMIT 2022 on June 17th, 2022, where global leaders from the crude oil industry will share these expertise and technological knowhow to resolve the issues that cloud the industry’s growth.