Gulf Petrochemicals & Chemicals Association | June 04, 2021
The virtual conference was held on 26-27 May, attracting over 1300 attendees from 450 companies in 62 countries
Dubai, United Arab Emirates, 31 May 2021 – The coronavirus (COVID-19) pandemic of the last 15 months has demonstrated the acute importance of collaboration to build more agile, resilient, and responsive supply chains, said industry leaders at the 12th Gulf Petrochemicals and Chemicals Association (GPCA) Supply Chain Conference held virtually on 26-27 May.
Senior executives from across the chemical and petrochemical value chain, logistics service providers and shipping operators urged industry leaders to capitalize on the lessons learned during the pandemic and act upon them in the future – from collaborating more closely with the regulators, their customers, and strategic partners, to driving better supply chain visibility, investing in digitalization, building their workforce capabilities, and focusing on supply chain sustainability.
In his keynote address, Hamad Alterkait, Chairman of the Kuwait based company, PIC, encouraged chemical leaders to engage in supply chain collaboration even with their competitors and keep their inventory in close customer proximity to improve their reliability and better serve their end markets. He told attendees at the virtual event: “Regional chemical producers must diversify their supply base even if it means incurring higher costs in order to cushion the impact from any future crisis. Companies must also explore out of the box supply chain solutions, using different scenarios, which may aid in addressing important challenges at a critical time.”
Echoing Alterkait’s remarks on the importance of collaboration were Hosam Al-Zamil, VP, Global Supply Chain, SABIC; Ahmed Abdulla Al-Salahi, CCO, Q-Chem; and Ahmed Al-Katheeri, SVP - Supply Chain Management, Borouge, in the conference’s inaugural panel on the future of chemical supply chains. The COVID-19 pandemic was a test to chemical supply chains’ resilience, as it demonstrated that the world is one global community, panelists said.
“The future will not be the moving of our products; it will be the moving of data which will help enable responsiveness and agility and drive customer centricity to stay competitive. However, we cannot achieve this by working in silos. The chemical industry is just one part of the supply chain and we must work together to build a more resilient future,” Al-Katheeri added.
A recent GPCA survey confirms the insights shared by speakers. It found that chemical supply chain and operations have been the single most impacted business function within downstream organizations in the GCC in the past 15 months as a result of the COVID-19 pandemic. In the path to recovery, chemical companies must focus on supply chain digitalization, sustainability, trade facilitation and regulatory engagement. Within these trends, carbon neutrality, Artificial Intelligence (AI) and Machine Learning (ML) will be the key segments to focus on and drive the highest impact on businesses’ supply chains today, the survey found.
Dr. Abdulwahab Al-Sadoun, Secretary General, GPCA, commented, “I was pleased to welcome the regional and global chemical industry to the virtual edition of the 12th GPCA Supply Chain Conference last week and gain first-hand insight into the challenges associated with the pandemic on their chemical supply chain and operations. The audience was left with a message of positivity on what’s to come next and provided with a range of practical tips on how to address the uncertainty and any new crisis in the future. I hope delegates enjoyed attending the event and thank all our sponsors and partners for making this edition possible.”
The 12th GPCA Supply Chain Conference was held under the theme ‘Powering a resilient, responsive and agile supply chain’, attracting over 1300 attendees from 450 companies in 62 countries.
To learn more, visit www.gpcasupplychain.com
About the Gulf Petrochemicals & Chemicals Association
The Gulf Petrochemicals and Chemicals Association (GPCA) was established in 2006 to represent the downstream hydrocarbon industry in the Arabian Gulf. Today, the association voices the common interests of more than 250 member companies from the chemical and allied industries, accounting for over 95 percent of chemical output in the GCC. The industry makes up the second largest manufacturing sector in the region, producing over USD 108 billion worth of products every year.
GPCA supports the petrochemical and chemical industry in the Arabian Gulf through advocacy, networking and thought leadership initiatives aimed at helping member companies to connect, share and advance knowledge, contribute to international dialogue, and become prime influencers in shaping the future of the global petrochemicals industry.
Committed to providing a regional platform for stakeholders from around the world, GPCA manages six working committees – Plastics, Supply Chain, Fertilizers, International Trade, Research and Innovation, and Responsible Care – and organizes six world-class events each year. The association also publishes an annual report, regular newsletters and various other industry reports.
For more information, visit www.gpca.org.ae.
Gulf Petrochemicals and Chemicals Association
P. O. Box 123055,
United Arab Emirates
T: + 44 7561 525126
Six Pines | December 17, 2021
Six Pines Investments LLC, a wholly-owned, sustainable investment subsidiary of Chevron Phillips Chemical Company LLC announced its equity investment in two leading circular plastics recyclers, Nexus Circular LLC and Mura Technology Ltd.
In October 2020, CPChem announced success in its first commercial scale production of polyethylene using advanced recycling technology. The company markets its new circular polyethylene under the name Marlex® Anew™ Circular Polyethylene and is working toward an ambitious annual production goal of 1 billion pounds of circular polyethylene by 2030.
Mura and Nexus are leading plastics recyclers that convert waste plastics into high quality feedstock used in advanced recycling technologies to produce circular plastics. These strategic investments made from its Six Pines subsidiary reflect CPChem’s commitment to foster innovation and accelerate the transition to a circular economy for plastics.
“We are excited about the capabilities and opportunities at Mura and Nexus. We share a common goal to keep plastic waste out of the environment. Waste plastics should not end up in the environment, as they can be sustainably recycled to create new plastics again and again. Investing in Nexus and Mura will accelerate our efforts to produce Marlex® Anew™ Circular Polyethylene and the expansion of our circular product portfolio.”
Benny Mermans, vice president of sustainability at CPChem
Plastics are life-enriching products that are essential for our future; however, the plastic waste challenge must be addressed. CPChem believes that solving the global problem of plastic waste will require innovation, investment and cooperation throughout the entire plastics value chain. Six Pines’ investments advance CPChem’s ambition to reduce waste and reuse valuable resources, accelerating change for a sustainable future.
About Six Pines
Six Pines Investments LLC is a wholly-owned, sustainable investment subsidiary of Chevron Phillips Chemical Company LLC one of the world’s top producers of olefins and polyolefins and a leading supplier of aromatics, alpha olefins, styrenics, specialty chemicals, plastic piping and polymer resins. With approximately 5,000 employees, CPChem and its affiliates own more than $17 billion in assets, including 31 manufacturing and research facilities in six countries. CPChem is equally owned indirectly by Chevron Corporation U.S.A. Inc. and Phillips 66 Company, and is headquartered in The Woodlands, Texas.
Nexus is the leading operational, commercially scaled converter of waste plastics to feedstocks, which in turn are converted back to virgin plastics. Nexus is rapidly rolling out plants globally with a limited set of partners ready to move quickly and with purpose to address the plastics waste problem, for which many seek a real, proven solution today. The process is an environmentally friendly (no wastewater, nor air issues) end-to-end business, including engineering, software, front-end waste plastic sorting, all regulatory requirements /ISCC Plus certification, training/safety, and strategic pricing/positioning, guided by financially driven metrics. Operational and economically proven, Nexus has produced and shipped consistent, on-spec tanker loads of products to large global partners who blend it in their current streams and convert to virgin plastics. Nexus is located in Atlanta, Georgia.
Mura Technology intends to become the world’s leading producer of recycled hydrocarbons, creating a circular economy for plastic, whilst helping to decarbonize the petrochemical industry and eliminate global plastic pollution. We are pioneering a scalable process to divert waste plastic away from incineration, reduce carbon emissions and prevent millions of tons of plastic from entering the natural environment every year, turning the $120 billion lost resource of plastic waste into a valuable global commodity.
Xilica Corporation | January 27, 2022
Xilica®, a provider of collaboration products that help unlock the power of human connection, announces its commitment to decrease the carbon emissions throughout its business to net zero and achieve Climate Neutral CertifiedSM status. Xilica will be carbon neutral across its global value chain, meaning that every Xilica product sold will have net zero climate impact and support the responsibility efforts of its partners and end customers.
As the first vendor in its category to publicly commit to carbon neutrality, Xilica intends to empower customers by enabling more informed purchasing decisions that tie back to a product's impact on the environment. It also hopes that increasing awareness around organizations' carbon footprints will help drive greater reduction efforts throughout the supply chain.
"Businesses have a profound opportunity to help tackle the climate crisis, and limit its impact on economic prosperity, human health and well-being that disproportionately affect segments of society. We know that fighting climate change requires strong, coordinated action across industries, and hope our own efforts will make a positive contribution to the larger movement for greater environmental responsibility."
James Knight, COO, Xilica
As part of its commitment to carbon neutrality, Xilica will work with a range of independent partners including Climate Neutral, an international non-profit organization that collaborates with brands to help offset the entirety of their carbon emissions through systematic measurement and analysis of direct and indirect emissions, supply and management of carbon offsets, and best practice guidance.
"Consumers today are yearning for evidence that companies are aware of their contribution to climate change and committed to erasing it," said Climate Neutral CEO Austin Whitman. "We're thrilled to have Xilica commit to this journey. They will join our growing list of certified companies that are proving that we're living in a new era of leadership on climate by top brands."
About Climate Neutral
Climate Neutral is a 501(c)(3) nonprofit whose mission is to decrease global carbon emissions by creating a trusted net-zero certification for consumer brands. The Climate Neutral Certified label empowers consumers to consciously support companies that measure their entire carbon footprint, offset it in its entirety, and implement strategies to reduce it moving forward. Climate Neutral's standardized process makes it easier for companies to estimate their greenhouse gas footprint, identify credible carbon offsets, and prioritize measures to reduce their emissions. To learn more about Climate Neutral, visit climateneutral.org.
Xilica® creates collaboration products that help unlock the power of human connection. Built on decades of reimagining how people use technology, Xilica's solutions bridge the distance between individuals, teams, ideas and organisations — unleashing the power of understanding to transform business and society for the better. Through our focus on the enterprise, education and government markets, Xilica and its partners touch the daily lives of people in more than 100 countries.
True Value Company | March 15, 2022
True Value Company, one of the world's largest hardlines wholesalers, and The Yenkin-Majestic Paint Corporation, an Ohio-based manufacturer of coatings and coatings resins, announced they have entered into a definitive agreement under which True Value Company will acquire Yenkin-Majestic's consumer paint business, producing architectural coatings for home, agricultural, and specialty applications under the Majic brand name.
"The acquisition of the Majic portfolio of products is an excellent strategic fit for True Value. The Majic paint brand deepens our strong portfolio of products, which today includes our flagship EasyCare brand, and enhances our capabilities in the agricultural and other specialty segments of the paint industry. Customers of both companies will benefit from the higher levels of investment that True Value plans to make in research and development, as well as improving supply chain resiliency and customer support."
John Vanderpool, Division President, True Value Manufacturing & General Paint
Chris Kempa, CEO of True Value Company said, "This acquisition is another example of True Value's commitment to investing in its business, aggressively pursuing growth and ensuring that our retailers have what they need to win in the marketplace."
"True Value's focus on quality and service to paint retailers, and their commitment to the associates who power our organizations, mirror our company culture as a family-owned business," said Yenkin-Majestic President and CEO Andrew O. Smith. "True Value has been a respected partner of ours for many years, and we know they will take the Majic product line to new heights. We can think of no finer company to carry forward the legacy of our consumer paint business." He added, "This transaction also allows us to focus our resources and reinvest in our polymers business."
About True Value Company
True Value Company, headquartered in Chicago, is one of the world's leading hardlines wholesalers with a globally recognized brand and over 70 years of experience serving independent hardware retailers. True Value Company provides its customers in over 60 countries an expansive product set of market-customized assortments at highly competitive prices, superior product availability, innovative marketing programs and a la carte value-added services like eCommerce ship-to-store, store remodel support and True Value University, all within a flexible model that requires no membership. With 13 regional distribution centers, and approximately 2,500 associates serving over 4,500 stores, True Value Company celebrates independence and drives retail excellence across the U.S. and internationally.
The Yenkin-Majestic Paint Corporation, based in Columbus, OH, is the owner of OPC Polymers, one of North America's leading suppliers of coatings resins. OPC Polymers serves the paint industry through continuous innovation in its broad portfolio of alkyd, copolymer, and specialty resins. This family-owned business began in 1920.