28 November 2012 09:18 [Source: ICIS news]
DUBAI (ICIS)--Innovation in the form of incremental changes in technology rather than big breakthroughs will likely keep the Gulf region competitive in the petrochemical sector, a senior executive of National Industrialization Co (TASNEE) said on Wednesday.
The growth in technology is the push to development of success, Moayyed Al Qurtas, CEO, TASNEE said at the conference of the 7th Gulf Petrochemicals and Chemicals Association (GPCA) forum.
“This will ultimately fulfil the aim for the company to be successful and make profits,” he said.
Innovation comprises process improvement, incremental improvement, and research and development, he said.
“Innovation is a culture, not a department,” he said.
He added that innovation is not restricted to just the research and development department, but it should involve everyone in the company.
“The Gulf is lagging way behind the rest of the world in terms of the level of research and development. We have to improve and invest more into this sector to encourage technology transfer,” the executive said.
The incremental changes can be done via technology transfer in the following respect – chemical, mechanical and knowledge of economical and managerial skill, he said.
Besides being innovative to sustain competitiveness in a rapidly changing world, serendipity is important as well, Al Qurtas said.
“One must have a pre-charged mind to allow serendipity to happen,” he added.
The three-day 7th GPCA forum will end on 29 November.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections