ICN CHEMICAL INDUSTRY OUTLOOK 2022

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COLUMN

DIGITAL TWIN: THE KEY TO AN EFFICIENT, NET-ZERO FUTURE FOR CHEMICALS & PETROCHEMICALS The use of digital transformation technologies can generate greater control, performance, flexibility, integration, and optimization while complying with energy efficiency and sustainability goals

MARINA STOIEV MARKETING ANALYST VIDYA TECHNOLOGY

ANDRE ANDRADE MARKETING ANALYST VIDYA TECHNOLOGY

T

he Chemical and Petrochemical industries are always investing in innovation. Responsible for a wide range of products used in everyday life, they manufacture products for urban, rural, and industrial use. From insecticides to medicines and even personal care, chemical industrial processes are crucial for our everyday lives. In its turn, the petrochemical sector is responsible for the production of industrial raw materials, such as natural gases and oil refinement. As both sectors work with oil as raw material for their operation, they have on their path, difficult challenges regarding the future need for a net-zero operation. Among the main difficulties faced, there is the high dependence on oil as an input for the manufacture of its products and the combustion as an important process in the operation, culmi-

nating in the liberation of Greenhouse gases (GHG) in the atmosphere. According to the EPA (the United States Environmental Protection Agency), the industrial sector is responsible for at least 23% of the emissions in the whole world. This data, combined with the need to mitigate climate change, culminated in international agreements, such as the Paris Agreement and the UN (United Nations) Sustainable Development Goals (SDGs). The last one is composed of 17 targets related to poverty eradication, global sustainability, improving the quality of life, and the need to zero carbon emissions up to 2050. In spite of those challenges, the COVID-19 pandemic of 2020, culminated in significant advances in the field of biotechnology. Through research developments in this area, the chemical sector can have the opportunity to take advantage of new techniques that undermine the dependence on oil for manufacturing. Besides this opportunity, the sector can implement technologies from digital transformation, such as Digital Twins, Artificial Intelligence, and IoT (Internet of Things) in its operation to optimize the industrial processes and comply with the goals to decarbonize its operations. According to McKinsey & Company, operation optimization is one of the best methods to achieve net-zero emissions. “We observe, on average, that a 10 percent increase in production efficiency


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NIVEDAN SAHANI

6min
pages 176-180

ALOK SHARMAN

9min
pages 172-175

DR. RAFI SHAIK

5min
pages 170-171

SANKETH SETH

5min
pages 168-169

BHAVESH BARETHA

5min
pages 166-167

PRAVEEN KAPSE

5min
pages 162-165

SAMEER PIKLE

6min
pages 160-161

MARINA STOIEV & ANDRE ANDRADE

7min
pages 154-157

STEPHEN REYNOLDS

5min
pages 158-159

PARTHA SUR

11min
pages 150-153

VIVEK GUPTA

5min
pages 142-143

RON BECK & ABHINAV CHOWDHARY

5min
pages 144-145

RAJIV MENON

5min
pages 134-137

OVERVIEW

6min
pages 138-141

SATHIAMOORTHY GOPALSAMY

7min
pages 132-133

P. D. SAMUDRA

5min
pages 130-131

PRASHANT VASISHT

7min
pages 128-129

SHISHIR JOSHIPURA

8min
pages 124-127

DEEPAK MAHURKAR & NIKHIL KALANE

9min
pages 120-123

OVERVIEW

7min
pages 118-119

BHASKAR JYOTI PHUKAN

13min
pages 106-109

S. BHARATHAN

6min
pages 114-117

REEP HAZARIKA

10min
pages 110-113

SAMIR S. SOMAIYA

6min
pages 104-105

PROF. GANAPATI D. YADAV

11min
pages 100-103

OVERVIEW

7min
pages 98-99

SURESH KALRA

5min
pages 92-93

NIRAJ MORE

6min
pages 90-91

VINATI SARAF MUTREJA

2min
page 85

UNNATHAN SHEKHAR

10min
pages 82-84

SHISHER KUMRA

13min
pages 86-89

VIKAS KULKARNI

6min
pages 80-81

SHEKHAR KHANOLKAR

4min
pages 78-79

VINOD PAREMAL

5min
pages 76-77

RAVI ANNAVARAPU

7min
pages 72-75

ANKIT PATEL

5min
pages 70-71

ABHIRAJ A. CHOKSEY

4min
pages 68-69

JAYANT V. DHIOBLEY

6min
pages 66-67

DR. RICHARD LOBO

11min
pages 62-65

RAJESH TRIPATHI

3min
pages 48-49

SUNIL CHARI

7min
pages 46-47

TIM BECKER

11min
pages 50-53

HARSH GUPTA

6min
pages 54-55

YOGESH MALANI

5min
pages 56-57

M. P. AGGARWAL

8min
pages 42-45

AMIT GANDHI & AMRITA PAREKH

4min
pages 20-21

MAULIK D. MEHTA

6min
pages 22-25

JASHAN BHUMKAR

7min
pages 38-39

SHOBHIT AGGARWAL

8min
pages 28-31

MAULIK PATEL

6min
pages 26-27

RAVI DESAI

4min
pages 40-41

PROF. DR. R. K. KHANDAL & V. P. JOSHI

8min
pages 32-35
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