New GPCA Initiative Seeks Startup Applications in Circular Economy and Climate Action

For the first time, “GPCA Startup Nexus” will provide young startup companies with a stage to present their unique and forward-looking technologies to a broad audience of investors, experts and decision-makers from chemical companies and international players. During the 18^th Annual GPCA Forum, 10 young and motivated startups engaged in advancing the circular economy and climate action will showcase their technologies in Shark Tank-style presentations and take questions from the audience. During the forum, they will have the invaluable opportunity to forge new connections with large established companies and international investors and promote their solutions. The aim is to create a network of mutual exchange that catalyzes collaboration and to stimulate investments.

The deadline to submit applications and become part of the GPCA Startup Nexus has now been extended to 7 October 2024. Startups established less than seven years ago and with a Technology Readiness Level (TRL) higher than 4 will have the opportunity to apply for one of the coveted places in the two technology fields – circular economy and climate action. The top five companies in each of the two categories will be shortlisted by an Expert Panel, comprising seven esteemed industry veterans with significant leadership experience in research and innovation at chemical and petrochemical firms. GPCA will provide eight more startups, which have not been established yet or whose technology has not progressed beyond TRL 4, with the opportunity to apply, connect with potential investors and promote their brand through short “elevator pitch” presentations.

Dr. Abdulwahab Al-Sadoun, Secretary General, GPCA, commented: “In line with our effort to stimulate collaboration and innovation in the chemical ecosystem, we are providing a unique opportunity to emerging and established startups from around the region to take part in the “GPCA Startup Nexus” and present their successful innovations and technologies in the field of circular economy and climate action on the sidelines of the 18^th Annual GPCA Forum. We truly believe that the solution to climate innovation depends on cross-sector collaboration, where stakeholders from across the board come together, share their experiences and knowledge and collaborate for a cleaner, more resource-efficient and smarter future.”

To learn more about the GPCA Startup Nexus and how to apply, please visit: https://www.gpcaforum.com/gpca-startup-nexus/

About the Gulf Petrochemicals & Chemicals Association

The Gulf Petrochemicals and Chemicals Association (GPCA) was established in 2006 to represent the downstream hydrocarbon industry in the Arabian Gulf. Today, the association voices the common interests of more than 250 member companies from the chemical and allied industries, accounting for over 95 percent of chemical output in the GCC. The industry makes up the second largest manufacturing sector in the region, producing over USD 108 billion worth of products every year.

GPCA supports the petrochemical and chemical industry in the Arabian Gulf through advocacy, networking and thought leadership initiatives aimed at helping member companies to connect, share and advance knowledge, contribute to international dialogue, and become prime influencers in shaping the future of the global petrochemicals industry.

Committed to providing a regional platform for stakeholders from around the world, GPCA manages six working committees – Plastics, Supply Chain, Agri-Nutrients, International Trade, Research and Innovation, and Responsible Care – and organizes six world-class events each year. The association also publishes an annual report, regular newsletters and various other industry reports.

For more information, visit www.gpca.org.ae.