Spotlight on Key Markets: China & India

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Spotlight on Key Markets: China & India

Monday, September 9
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Recently, the industry has seen a clear shift to Asia as the center of gravity for future chemical growth & demand. In this context, three  geographies are crucial, and gaining a deeper understanding is critical as the industry navigates towards the future. China is the largest chemical market both from a supply & demand perspective and India is one of the fastest growth areas. The intertwined nature of economies also underscores the impact of these economies on the larger global economy.

 

John Mathew, Vice President, Global Business Development, Chemical Market Analytics by OPIS
Moderator:
John Mathew,
Vice President, Global Business Development, Chemical Market Analytics by OPIS

Speakers:
William Chen
, Executive Director, Asia Olefins, Chemical Market Analytics by OPIS
ChunLi Bao
, Chief Researcher, CNOOC Energy Economics Institute
Tujun Ma, President, Satellite Chemical Corp., USA

For decades, China has been the unstoppable engine driving global growth. Yet, recent challenges have slowed its once relentless pace. Confronted with prolonged economic headwinds constraining infrastructure investment, China’s property sector is now in its fourth year of stagnation. Consumer and investor confidence is wavering. Despite these obstacles, China remains a titan in the chemical industry, unmatched in its production capacity across various chemistries. China’s influence is undeniable as a manufacturing powerhouse with a burgeoning domestic market. Looking into the future, opportunities and challenges coexist in the Chinese chemical industry market; the rapid development of emerging industries, such as electric vehicles, brings new opportunities to China’s chemical industry, which This panel will discuss. China’s role and impact looking ahead.

Moderator:
John Mathew
, Vice President, Global Business Development, Chemical Market Analytics by OPIS

Speakers:
Ashish Pujari
, Vice President, Asia Aromatics, Chemical Market Analytics by OPIS
Unmesh, Nayak
, Chief Operating Officer, Polymers, Reliance
Ramkumar Shankar
, CEO, Chemplast Sanmar

Apart from China, India is the closest emerging market, having the scale and size to be a growth engine. However, in the past, India’s actual performance has not kept pace with it’s potential. Will this time be different? What are the underlying factors that are growth enablers for the Indian economy? What are the underlying risks that can restrict that growth potential? In a year of elections, the result of the Indian election will be closely watched in terms of geopolitical impact. What will be the impact on chemical growth?

John Mathew, Vice President, Global Business Development, Chemical Market Analytics by OPIS 
 

ChunLi Bao, PhD Chief Researcher CNOOC Energy Economics Institute

Dr. BAO Chunli is the chief research fellow of the CNOOC Energy Economics Institute, Professor-level senior economist, PhD from the Institute of Chemistry of the Chinese Academy of Sciences. Bao leads the Center for Strategy and Management of CNEEI, focusing on special research on oil price forecasting and its application and the development of the value chain model in the oil and gas industry. As the chief editor of the industry flagship report "China Offshore Energy Report" and the interdisciplinary academic journal "Marine Economy," she also contributes as an expert member of the Economic Professional Committee of China Petrochemical Association, the Economic Professional Committee of China Petroleum Society, and the paper evaluation committee of China Petroleum Enterprise Association. Moreover, she is part of the expert database for the review of national science and technology awards and the review of the Central Enterprise Think Tank Alliance. Bao led numerous national and group-level energy economics and policy research, corporate strategy and management research, state-owned enterprise reform, and social responsibility management research projects. She published nearly 30 academic papers and was honored with awards such as the third prize for the National Energy Administration's soft science research project and the first prize for innovation achievements in national enterprise management modernization.

William Chen, PhD Vice President, Asia Olefins and Derivatives Chemical Market Analytics by OPIS

William Chen is the Vice President of the Asia Olefins and Derivatives at Chemical Market Analytics by OPIS, a Dow Jones Company. Dr. William Chen is the Vice President of Chemical Market Analytics. He leads Asia Olefins' business and has research responsibilities for providing insight into the dynamics associated with the ethylene, propylene, C4, and derivatives value chain markets. He provides thought leadership on markets relating to supply, demand, price and economics, as well as competitive dynamics and changing industry structural elements. William also leads Asia Olefins' business for strategic growth and provides ongoing commercial management. Focus on nurturing client relationships and deepening services as part of clients’ commercial and strategic decision-making processes. Nurture relationships with clients, including SOEs, POEs and MNCs, to deepen services in clients’ commercial and strategic decision-making processes. William has been involved in many petrochemical consulting projects and client studies, including the China Coal Chemical Study, Global Propane Dehydrogenation Research, and Refinery-cracker/aromatic complex feasibility study. Before Chemical Market Analytics, William worked for ChemChina. William started as a chemical engineer at the company at a Lanzhou fiber plant in Northwest China. Then, he moved back to Beijing to focus on downstream application development. In the last two years with ChemChina, William took charge of sales and marketing responsibility in NE Asia. William earned a Ph.D from the Chinese Academy of Sciences and majored in Polymer Chemistry and Physics. William is based in Beijing, China.

TuJun Ma President Satellite Chemical, USA Corp

TuJun Ma is the President of Satellite Chemical USA Corp. (“Satellite USA”) and the Vice President of Satellite Group. He joined Satellite Group in 2008 taking charge of export sales and building Satellite Group’s overseas practice. In 2014, he was assigned by the Group to set up Satellite USA in the US. With his lead, Satellite USA has grown fast from the scratch to a billion-dollar sales company. In 2024, Mr. Ma was promoted to the Vice President of Satellite Group due to his great contribution to the company. Prior to joining Satellite Chemical, Mr. Ma was an HR specialist at Leggett & Platt.

John Mathew Vice President, Business Development Chemical Market Analytics by OPIS

John Mathew is Vice President of Business Development at Chemical Market Analytics by OPIS, a Dow Jones Company. John Mathew is Vice President (Global Business Development) within Chemical Market Analytics by OPIS, a Dow Jones Company. He is part of the global leadership team. He plays a key role in enabling the future growth of CMA’s unparalleled offerings, widely recognized as the leading industry outlook and thought leadership products in the chemical industry. John is a graduate chemical engineer with a master’s degree in marketing management. He has enjoyed a diverse career traversing the span of the hydrocarbon and petrochemical industry value chain. He has held leadership positions in National Oil Companies—namely Saudi Aramco and ADNOC—leading polymer producers (LyondellBasell and Supreme Petrochem) and downstream plastics processing businesses (Ester Industries). In his last role, he was Vice President (Strategy and Business Development) of ADNOC’s Downstream Directorate. John has worked extensively across Asia, the Middle East, and Europe in multiple leadership roles. With strong functional grounding across various disciplines in his early years and extensive leadership and leadership support, he has extensive global experience. John has been actively involved in several notable strategy engagements, policy formulation, organizational setups, buy-side deals and partnerships in the hydrocarbon and petrochemical space globally. Key areas of subject matter experience in strategy formulation, national industrialization plans, organizational setups and preparedness, deal transactions, marketing & sales, product and application development and managing downstream petrochemical businesses as a profit center head. John has a deep interest in history, economics and philosophy. He avidly tracks social, geopolitical, technological, and economic developments that impact the energy and materials (chemicals) space. He is based in Dubai, United Arab Emirates.

Unmesh Nayak COO Reliance Industries Limited

Unmesh Nayak is an industry veteran with over 30 years of experience in Plastics, Rubbers, and Specialty Polymers. He holds a degree in Polymer Technology from MIT, a Pune and Chemical Engineering degree from D.J. Sanghavi College of Engineering, and an MBA in Marketing and Operations from NMIMS, Mumbai. Nayak has held various leadership roles in sales, marketing, product management, and asset management at BASF and Dow Chemical, working across diverse cultures and geographies in Asia, the Middle East, Europe, and the ANZ region. Currently, he serves as the COO of the Polymer Chain division at Reliance Industries, overseeing Olefins, PE, PP, EO-EG, ACN, and EVA. Outside of his professional achievements, Nayak is a passionate marathon runner who has competed on five continents and aspires to run on all seven. He is married and has a daughter.

Ashish Pujari Vice President, Asia Aromatics & Fibers Chemical Market Analytics by OPIS

Ashish Pujari is the Vice President of Aromatics and Fibres at Chemical Market Analytics in Singapore. Ashish Pujari is the Vice President for Aromatics and Fibers in Asia. He has over 30 years of experience in the petrochemical industry, mainly focused on the polyester and raw material value chain, which stretches from project design, operations, sales & marketing and business development. Over the past 15 years, he has focused on market research and consulting for the polyester and raw material industry. He is responsible for providing thought leadership to the sector and guiding our long-term forecasts. Ashish works with the Asian petrochemicals industry and coordinates support across the value chains. His current products of focus are Paraxylene, terephthalic acid (PTA) and Polyester, covering the regional dynamics and guiding the global outlook. He also actively continues to focus on sustainability developments in the polyester sector. Ashish has also been instrumental in launching several reports, including the pricing reports for Aromatics in Asia and the Global Polyurethanes & Feedstock report. Ashish joined CMAI in 2009, with a responsibility to cover the Asian PX and polyester markets and has taken additional responsibilities through our transition to Chemical Market Analytics. Before joining CMAI, Ashish worked for Reliance Industries Ltd. (RIL) in India and was leading the M&A activity in the polyester sector at the time of his exit in 2009. Ashish joined RIL as a fresh engineer in 1994 in the project design and construction group and later progressed to operations. He also worked in sales & business development, becoming the North India regional sales lead for raw materials. Ashish holds a Bachelor of Engineering (Polymers & Chemical) from the University of Pune, India, as well as an Executive Management diploma from the Indian Institute of Management, Bangalore.  

Ramkumar Shankar Managing Director Chemplast Sanmar Ltd

Ramkumar Shankar is the Managing Director of the Indian Chemical Business (Chemplast Sanmar Ltd (CSL) & Chemplast Cuddalore Vinyls Ltd (CCVL)) of the $1.5 billion Sanmar Group.  With sales of around Rs. 5500 crores, this is a multi-location, multi-product business focused on the chloro-vinyl space. CCVL is India's second largest Suspension PVC producer while CSL is the largest Paste PVC producer in the country. CSL is also a leading manufacturer of custom manufactured chemicals catering to global innovators and a producer of caustic soda and chlorinated solvents. Ramkumar Shankar is a finance professional with over three decades of experience in functional and general management areas, and has played leadership roles in industry associations. He is a past  President of the Alkali Manufacturers' Association of India, the national association representing the caustic soda, PVC and soda ash industries. He is currently the President of The Madras Chamber of Commerce and Industry, a leading Tamilnadu industry body with 188 years of history and a member of the National Chemical & Petrochemical Committee of Confederation of Indian Industry (CII).
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