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15DIRECTORYOFSINGAPOREPROCESS&CHEMICALSINDUSTRIES2023/2024Congratulations
growing its m
companies, wtoASPRIforgrowingitsmembershipto~650companieswhichisagrowthofmorethan25%fromabout3yearsagoThisisastrongtestamenttoASPRIsvalueinadvancingthebestinterestsoftheProcessindustryASPRIhasdemonstratedresilienceandasteadfastdeterminationtospearheadthetransformationoftheProcessIndustryIn2022ASPRImadesignificanteffortstopushforthesectorsdigitalizationwiththelaunchof theDigitalReadinessIndex(DRI)AdditionallyASPRIsuccessfullyconductedmissiontripstotheNetherlandsandUAEtohelpmembercompaniesgainawarenessoftheimpactofglobalenergytransitionand explorebusiness opportunities abroadOn theglobal frontas the worldintensifiesitscommitmenttotransitioningtowardsamoresustainablefutureleadingenergyfirmswillmakeincreasinginvestmentsinlow-carbontechnologyandgovernmentswillspendmoretocurbemissionsanddecarbonizeThesetrendswillcreatenewgrowthopportunitiesforPCMcompanieswhichcanleveragetheirexistingmultidisciplinaryengineeringcapabilitiestocontributetotheglobalenergytransitionOngoingregionaleconomicdevelopmentwillalsocontinuetospurdemandinoilandgasdrivenbyincreasedindustrializationandtheneedtoachieveenergysecurityThispresents opportunities abroad forPCMcompanies to tapinto for continued growthTomaintaincompetitivenessinoverseasmarketscontinuousupskillingandinvestmentinupgradingworkerscapabilitiesarecrucialThiswillhelpPCMcompaniesremaincompetitiveandrelevantintodaysrapidlychangingbusinesslandscapeTheadventofnewtechnologiesandtheincreasingdemandforsustainablepractices will require workers to be equippedwiththenecessaryskillsandknowledgetoadapttothesechangesInvestingintheworkforcenotonlybenefitsindividualworkers but also employers and the industryItleadstoincreasedproductivityimprovedTaufikFaroockDirectorMarine&OffshoreEnergy&ChemicalsEnterpriseSingaporeMESSAGETaufikFaroockDirector,Marine&OffshoreEnergy&ChemicalsEnterpriseSingaporequalityofworkandamoreinnovativeanddynamicworkforceFurthermoreupskillingandtrainingprogramscanhelpattractandretain talent whichisessential for thelongtermsuccessofanyorganizationWiththesupportandpartnershipofmembersandindustrystakeholders webelieve ASPRI willcontinuetobeacornerstoneinimprovingworkerscapabilitiesOnbehalfofEnterpriseSingaporewelookforwardtodeepeningourpartnershipwithASPRItocontinuegrowingandtransformingourPCMcompaniesTowardsaSustainableProcessIndustry