Richard Sleep will be presenting & moderating an executive panel at the 17th Annual GPCA Forum
NexantECA’s President Richard Sleep will be giving a presentation as well as moderating an executive panel at the 17th Annual GPCA Forum, titled ‘Industry consolidation in chemicals – Evolving during uncertain time’
The chemicals market worldwide is already grappling with myriad challenges. Some are fundamental, most notably the moral and regulatory push towards more sustainable practices. Others are more immediate – plummeting demand, disrupted supply chains, falling stock prices, and a changing competitive order. The chemical industry began to consolidate in the 1990s, affecting developed countries. Chemical industry consolidation is likely to develop with the commodity chemicals, agro-chemicals, and construction chemicals industries leading the way. About 20% of industry revenue has changed ownership due to M&A activity over the last decade. Sustainability, technology, and large-scale consolidation are all becoming increasingly important factors in determining how acquisitions are made. Trade restrictions, evolving political climates, and regulatory requirements all play a role in determining how chemical mergers and acquisitions progress.
Richard will be joined on the Executive Panel by Nadia Al-Hajji CEO at Petrochemical Industries Co, Tom Crotty Group Director at INEOS and Paul A Smith Managing Director, Head of Global Chemicals at Citi. They will address the M&A landscape and discuss:
- What are the key value drivers for buyers?
- Cross-regional transactions and their notable advantages
- The growing influence of ESG considerations in M&A decisions
- How influential are carve-outs in driving chemicals M&A activity?
- How can chemical companies engage in successful and value-creating transactions?
- M&A as a mechanism to drive strategic transformation and accelerate growth?
Visit the 17th GPCA Annual Forum website
NexantECA President, Richard Sleep
Richard is an ambassador for the depth of technical, market and economic expertise of the company. He has worked in the energy and chemicals industry since 1978 including positions in engineering, production, business management, trading, and consulting.
Prior to joining NexantECA he held positions with ICI Plastics, BP Chemicals, and Metallgesellschaft. Mr. Sleep specializes in strategic consulting, industry insight – particularly in current sustainability issues, market modelling / forecasting, and project finance support. He has a BSc in Mechanical Engineering from Bristol University, UK and is a Chartered Engineer. He has extensive experience in the oil and refined products, petrochemicals, ammonia and fertilizers, green chemicals and plastics sectors.
Current areas of focus:
- Industry trends and challenges in meeting carbon reduction goals
- Strategic Advice
- Project Finance
- M&A due diligence
About Us - NexantECA, the Energy and Chemicals Advisory company is the leading advisor to the energy, refining, and chemical industries. Our clientele ranges from major oil and chemical companies, governments, investors, and financial institutions to regulators, development agencies, and law firms. Using a combination of business and technical expertise, with deep and broad understanding of markets, technologies and economics, NexantECA provides solutions that our clients have relied upon for over 50 years.