Hazeem Sultan Al Suwaidi

Mr. Hazeem Sultan Al Suwaidi has served as the Chief Executive Officer of Borouge since 2020. Under his leadership, Borouge has navigated its listing as an IPO and entered a transformational phase of growth to become a global petrochemical champion. He has spearheaded the company's operational activities, accelerated growth projects, and significantly contributed to the development of the UAE’s petrochemicals industry. From 2017 to 2019, Mr. Al Suwaidi served as the CEO of Al Ruwais Fertiliser Industries LLC (Fertil), where he played a pivotal role in expanding the business regionally and internationally, transforming it into a high-performing, market-facing, and people-centred company. Prior to his tenure at Fertil, he was the Senior Vice President of Regional Sales MEA at PTE, where he successfully established a strong market position for Borouge’s products in the MEA region during the high-growth period of Borouge 3 capacity ramp-up. Mr. Al Suwaidi is steering Borouge through a transformative era, actively shaping the ongoing combination with Borealis and the proposed acquisition of Nova Chemicals. Borouge Group International will position itself to become a global petrochemicals leader. Mr. Al Suwaidi is also a board member of the Gulf Petrochemicals and Chemicals Association (GPCA). He holds a bachelor’s degree with honours in Business Administration, majoring in Marketing, from California State University of San Bernardino, United States of America.

Session Overview

Tuesday, 4 November

15:20

Global strategy ICC Hall B 15:20 - 16:00

The convergence of the energy and chemical sectors

The chemical industry is actively adapting to global changes and driving innovations, serving as a critical enabler in the global energy ecosystem. With the growing demand for diverse chemical products, including plastics, and demand for primary chemicals, this sector is experiencing exponential growth.

Collaboration between the energy and chemicals sectors is anchored in pragmatic decarbonisation pathways that leverage renewable energy sources, enhanced energy efficiency, circularity, technology advances in chemical processing, as well as the emerging potential of green hydrogen as a feedstock. However, challenges related to feedstock availability, policies and regulations, investment, and decarbonisation may hinder progress.

To unlock their full potential, energy and chemical companies must strategically leverage their portfolio strengths through careful planning, focused strategies, and collaborative action. Cross-sector partnerships and ecosystem innovation to facilitate circular solutions will be best positioned for success when supported by international agreements such as the United Nations Plastics Treaty and incentivising initiatives like the U.S. Inflation Reduction Act and the EU’s Green Deal.

Attendee insights:

Understand the potential of the chemical industries, how companies are investing to go further downstream and the enablers that can drive this industry forward.