10th Asian Bitumen 2015 Conference Comes to India for First Time
Organized by the Conference Connection Group, and supported by the Ministry of Petroleum & Natural Gas, the mega Asian conference to be held on Nov 23-24 in the national capital
Shri Dharmendra Pradhan, Minister of State (Independent Charge), Ministry of Petroleum and Natural Gas will be the Chief Guest of Honor on the inaugural day
New Delhi, Nov 12, 2015: Factors such as a shift in demand towards value added bitumen products, preference being given to cement over bitumen in road construction in countries like India, and additional usages emerging for the crude byproduct have dramatically affected the outlook of Bitumen market in Asia.
What are the challenges and conversely the opportunities emerging in the Bitumen market in Asia? Are producers, suppliers and refineries in the world’s largest continent prepared to adapt to the changing needs of the market?
Experts from as many as 20 countries across Asia will come together in Delhi this month to discuss these pertinent questions and find answers to them at the TENTH ASIAN BITUMEN CONFERENCE 2015 (AsB 2015), at Taj Palace on 23-24 November 2015, organized by Conference Connectionand supported by Ministry of Petroleum & Natural Gas, Govt. of India.
Following the success of AsB 2004 – 2013 which attracted over 1500 participants from over 30 countries worldwide, AsB 2015 will continue to provide insights into the changing Bitumen market picture and the resultant new challenges and opportunities facing the industry. The mega Asian conference is being held in India for the first time in its 10 year history.
Shri Dharmendra Pradhan, Minister of State (Independent Charge), Ministry of Petroleum and Natural Gas, India will make the Inaugural Address while other experts will provide insights into new challenges and opportunities offered by the emerging Asian bitumen market as well as the latest market trends and technical developments in the bitumen industry.
“Global bitumen demand is expected to reach 122 million tons in 2018 and the increasing road construction activities in the fast growing markets of China and India are expected to drive the growth of the bitumen market in Asia. India’s bitumen consumption will outpace production in the coming years as demand is expected to accelerate. Bitumen trade in the country has picked up significantly in recent months, with more volumes being imported and exported from the country. BringingAsB 2015 to India for the first time is therefore extremely timely as we celebrate the tenth anniversary of the Bitumen series, “ says a senior representative of the organizers,Conference Connection.
A number of sessions across two days will be dedicated to discussing the demand, supply, emerging opportunities and challenges in the Indian Bitumen market. R.S. Sisodia, General Manager (Consumer Sales, Indian Oil Corporation and G.S. Gujral, Director & Chief Executive Officer, Bitumen Corporation (India) Pvt. Ltd (BITCOL), India will offer a deep perspective into Bitumen Demand & Supply in India; RaveePoddaar, Senior Management, Tarang Exports (P) Ltd, India will talk about Global Sourcing of Bitumen for India while Capt. Allen R. Pinto, Director, Shipping Operations & Head Bulk Bitumen (Middle East, India & Africa), Richmond Mercantile Ltd FZC, UAE will discuss Past, Present and the Future of Bulk Bitumen Imports in India.
Hamid Reza Rezaei, Commercial Director, Pasargad Oil Co., Iran will talk in depth about Iran’s Bitumen Export Now and Possible Scenario Post Sanctions;Sigit Setiawan, Marketing Manager –Bitumen, PT PERTAMINA (PERSERO), Indonesia will discuss Indonesia’s Bitumen Production and Development Outlook; while AshokaSiriwardena, Chairman & Managing Director, Bitumix (Private) Ltd, Sri Lanka will offer a perspective on Bitumen Market Developments and Outlook in Sri Lanka.
In addition, the conference will also feature a panel discussion on Bitumen vs Concrete Roads to debate the merits including the cost and sustainability of each road material.
Other speakers will also talk about Value Added Specialty Bitumen Products; Challenges Faced by Indian Road Contractors and New Technologies in Road Making. Shri V C Verma, President, National Highways Builders Federation, India will be one of the speakers.
The conference also presents a unique opportunity for all participants/fellow industry peers to meet,networkand scout for new trade opportunities.
AsB 2015 enjoys outstanding industry support from corporate sponsors which include Tarang Exports (P) Ltd;Samroudhil General Trading FZE;Bitumen Corporation (India) Pte Ltd (BITCOL);Renish Petrochem; Akam Bitumen Company; Armina Energy General Trading and Black Gold Trading Company. Supporting organisationsincludeNational Highways Builders Federation;Rex Fuels Management Pvt. Ltd andPetrosil/Bitumart. The official media sponsors include Platts, World Highwaysand Worldoils.