The Future is Now: Prospect the Development of Downstream Industry in a Low-Carbon Economy

Monday, 10 April 2023, 09:26 HKT/SGT

JAKARTA, Apr 10, 2023 - (ACN Newswire) - The Indonesian oil and gas downstream market is expected to register a CAGR of more than 4% during the forecast period 2022-2027. The COVID-19 outbreak in Q1 2020 led to declines in the refining and petrochemical production output. Factors such as increasing demand for petrochemical products, growing oil and gas consumption, surging investments in the refinery, and petrochemical projects are expected to drive the oil and gas downstream market during the forecast period. However, an increase in the adoption of electric vehicles is expected to hinder the growth of the oil and gas downstream market.

The refinery segment is expected to dominate the market during the forecast period, owing to increasing refining capacities across the country. Digitalization and modernization of the refining and petrochemical sectors are expected to reduce refining costs. This, in turn, is expected to create an opportunity for the market during the forecast period. Growing oil and gas consumption in the country is expected to be the major driver for the Indonesian oil and gas downstream market during the forecast period.

We are pleased to announce that the 5th Refining & Petrochemical Innovation Conference Indonesia 2023 will be held on June 28-29, 2023 in Jakarta, Indonesia, where senior refining and petrochemical professionals from Indonesia and beyond will meet to discuss the latest investment developments, regulation landscape and operational challenges facing the refining and petrochemical industry.It should be the ideal platform for refining and petrochemical companies/individuals to know the latest updates and explore partnership opportunities for staying ahead of the game. We look forward to meeting you there!

Key Topics

Outlook: Building Sustainable Downstream Future in Asia
The National Strategy on How to Secure Competitive Petrochemical Feedstock for the Next 10 Years
Decarbonization Strategies in NOCs and IOCs’ Downstream Business
Outlook of Indonesia R&P Industry: Prospects, Policy Restraints & Investment, Operating Environment
Chandra Asri Petrochemicals: Maintains Sustainable Growth
Panel Discussion: Roadmap for Decarbonisation and Way Forward for the Indonesia Downstream Sector
Project Updates: New Projects, Modernization and Re-configuration of Refining and Petrochemical Plants
Catalyst Innovation and Feedstock Flexibility
Operational Excellence and Digitalization
Pivoting to High Value Chemicals, Plastics Recycling and Cleaner/bio Fuels
Asset Integrity, Reliability and Maintenance
Refinery & Petrochemical Integration and Technology Innovation
Reliability/Maintenance and Successful Project Management
Market Dynamics in APAC and Outlook for Indonesia
Petrochemical Industry in Indonesia–Upstream Perspectives
Digital twin, AI, ML, Big data: Digitalization and Operational Excellence in Downstream Business
Data Analytics: Unlocking the Full Value of Big Data Analytics: Unlocking the Full Value of Big Data
Digital Transformation: Moving from a Strategic Choice to an Imperative Task
Hydrogen Production as New Way to Decarbonization
Feedstock Competitiveness in South East Asian Petrochemical Industry
Hydrogen Production as New Way to Decarbonization
Decarbonization and Green Road of Refining and Petrochemical Industry
Developing World-Scale Diversified Refining Petrochemicals Projects
Operation Excellence and Maintenance, Turnaround and Overhaul Management
Energy Efficiency: Optimize Energy Conversion and Minimize Waste to Deliver Sustainable Competiveness
Biofuel & Clean Fuel: Producing Greener Fuels for Sustainable & Environment Energy Development

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Topic: Press release summary
Source: UMS Institute
Sectors: Trade Shows, Oil & Gas
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