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Canada has always played a significant role in the global petrochemical market place. The landscape however is changing, as new sources of local feedstock are now readily available and expanding demand for refined products is growing. Canada is in a strong position to leverage these current industry trends to expand and diversify its role on the local and international stage. However, success will require effort and coordination across many diverse industries to ensure we can develop a strong Canadian advantage, drive down costs and create an attractive environment for investment.
With the recent volatility of the oil and gas industry, diversifying our energy sector in Canada is a necessity. The advent of shale gas development has led to a wave of natural gas liquid extraction that has benefitted petrochemical producers across the continent. The US Gulf Coast is developing several petrochemical expansion projects and location initiatives as well as co-location with derivative plants make this area attractive for investment. This region is likely the strongest competition for the Canadian petrochemical supply chain.
According to Katherine Walker from Industrial Web Apps, “If the petrochemical sector in Canada does not keep a finger on the pulse of fast changing technologies, best practices, new opportunities and challenges, this sector will be significantly adversely impacted.” The key to success in this new business environment is understanding the global outlook and the demands of these new and emerging markets; the Canadian petrochemical industry needs to position itself as a competitive player on the world stage.
dmg::events, the global events business that manage over 80 events in 25 countries including ADIPEC and Global Petroleum Show, are producing, for the second consecutive year, PetroChem Canada. This conference will “provide opportunities to meet and interact with industry and government personnel involved in the petrochemical business on Eastern Canada…this will facilitate a better understanding of the importance of the petrochemical industry to Canada’s economy and future economic growth,” says Gerry Goobie, Partner at GPMi.
The conference will focus on understanding the global petrochemical industry outlook, how to maximize Canada’s role, enhance competitiveness, and will provide a big picture outlook before going in depth into specific national as well as regional opportunities and challenges. Participating companies include Advisian (WorleyParsons), Chemistry Industry Association of Canada, BioIndustrial Innovation Canada, Pembina, Eurasia Group, NOVA chemicals, and many more.
Attend Canada’s leading petrochemical event to learn how you can best promote investment and growth in the Canadian petrochemical industry, creating long term stable jobs and diversify Canada’s energy sector.
Space is limited. Be sure to book travel in advance to ensure the best rates and availability. Apply to register today!
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Canada’s Advantage as the World’s Demand for Plastic Continues to Grow