Refinery Petrochemical Integration and Feedstock Certainty Key to India's Chemical Growth: Thirumalai Chemicals MD
Ramya Bharathram, MD of Thirumalai Chemicals, asserts that India's forthcoming chemical growth cycle will be critically shaped by two factors: the successful integration of refineries with petrochemical operations and ensuring reliable feedstock supply. This strategic focus is essential for driving the next phase of expansion and innovation within the Indian chemical industry, emphasizing the importance of upstream-downstream synergies and resource stability for sustainable development.
According to Ramya Bharathram, Managing Director of Thirumalai Chemicals, the future trajectory of India's chemical industry's growth cycle hinges critically on two primary factors: the seamless integration of refinery operations with petrochemical manufacturing, and the assurance of feedstock certainty. This perspective underscores a strategic vision where upstream crude oil refining capabilities are more closely linked with downstream petrochemical production, creating greater efficiencies, reducing import dependency, and enhancing value addition within the domestic market. The integration allows for better utilization of by-products from refining, transforming them into valuable raw materials for various chemical processes.Furthermore, Bharathram's statement highlights the imperative of securing a consistent and reliable supply of feedstock. This certainty is vital for operational stability, planning long-term investments, and fostering a competitive chemical sector. Uninterrupted access to raw materials mitigates supply chain risks, stabilizes production costs, and supports continuous innovation. By addressing these foundational elements—integration and feedstock reliability—India can establish a robust and sustainable platform for its chemical industry to not only meet domestic demand but also enhance its global competitive standing, driving job creation, technological advancement, and economic prosperity in the coming growth phase.