Nov 20, 2015

What’s next in Bitumen Market?

.          10th Asian Bitumen 2015 to Bring Together Leading Players & Experts to Discuss Emerging Trends in Bitumen on Nov 23-24

·         Shri Dharmendra Pradhan, Minister of State (Independent Charge), Ministry of Petroleum and Natural Gas will be the Chief Guest of Honor

 ·         Organized by Conference Connection Group, and supported by the Ministry of Petroleum & Natural Gas, the mega Asian conference to be held at Taj Palace in the national capital

New Delhi, Nov 19, 2015: Experts from as many as 20 countries from across Asia will gather together in Delhi next week to discuss the challenges and market opportunities in Asia’s large Bitumen market at the TENTH ASIAN BITUMEN CONFERENCE 2015 (AsB 2015), being held in India for the first time.

Organized by Conference Connection and supported by Ministry of Petroleum & Natural Gas, Govt. of India, the conference will open on November 23 in the presence of Shri Dharmendra Pradhan, Minister of State (Independent Charge), Ministry of Petroleum and Natural Gas who will deliver the Inaugural Address.

Key experts and speakers from across the world including from the US, Iran, UAE, Sri Lanka, Indonesia and India, among others will participate at the two-day conference to discuss the latest market trends and technical developments in the bitumen industry, and offer insights into new challenges and opportunities offered by the emerging Asian bitumen market.

A number of sessions across two days will be dedicated to discussing the demand, supply, emerging opportunities and challenges in the Indian Bitumen market where factors such as preference being given to cement over bitumen in road construction are pertinent issues. The mega Asian conference is being held in India for the first time in its 10 year history.

AsB 2015 which enjoys outstanding industry support has Tarang Exports (P) Ltd and Samroudhil General Trading FZE as Platinum Sponsors; and Bitumen Corporation (India) Pte Ltd (BITCOL) and Renish Petrochem as Gold Sponsors.  Affiliate Sponsors include Akam Bitumen Company, Armina Energy General Trading and Black Gold Trading Company.

“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. Bringing AsB 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.

During the two-day deliberations, R.S. Sisodia, General Manager (Consumer Sales), Indian Oil Corporation Ltd, India will discuss the ‘Outlook of Indian Bitumen Market’; G.S. Gujral, Director & Chief Executive Officer, Bitumen Corporation (India) Pvt. Ltd (BITCOL), India will offer an in-depth perspective into ‘Bitumen Demand & Supply in India’; Ravee Poddaar, 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 Ashoka Siriwardena, 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. Mr T V Sandeep Reddy, President, National Highways Builders Federation, India; Ravikanth Reddy, Managing Director, Hotcrete Infrastructure Pvt Ltd, India; and Rexy Ravindran, Managing Director, Rex Fuels Management Pvt. Ltd, India will also be among the speakers.

The conference is in a strategic alliance with Petrosil/Bitumart and supported by Rex Fuels Management Pvt Ltd and National Highways Builders Federation. The official media sponsors include Platts, World Highways and Worldoils.

About AsB

Asia’s longest running bitumen conference, Asian Bitumen (AsB) has established itself as the premier bitumen industry event for Asia. Since its inception in 2004, AsB has won accolades as “an event of great quality by its content and the networking opportunities it provides”. Drawing an attendance of over 1,500 delegates from 30 countries, AsB provides an ideal platform for corporate representatives, policy makers and market movers to interface and explore new business opportunities. Enjoying strong industry support including national oil company Thai Oil Public Company Limited and public works authority Ministry of Public Works, Republic of Indonesia as hosts, AsB’s definitive gathering of bitumen buyers and sellers from bitumen businesses worldwide is well known for facilitating insights into the ever changing bitumen market, its challenges and opportunities.

About Conference Connection

The Conference Connection Group is dedicated to the provision of global business information through premier, high-profile, specialized business to business events, including international flagship events, industry summits, product conferences, executive briefings, global emerging market summits and forums, management and training courses, for commerce, industry and the professions. Dedicated to providing an independent platform for the interaction and discussion of the latest business and industry strategies, it strives to combine excellence and professionalism through linkage with inter-governmental, professional and industry groups worldwide, as well as private and public organizations and trade associations.

The Group runs international flagship events, focusing on the global oil markets in Asia, Australasia, South Asia, the Gulf / Middle East, Europe and North America. The Group has an extensive track record of successful events since its inception in 1994 and has held more than 2000 events, attended by nearly 30,000 participants from 50 countries globally.

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