Petrochemical - Wikipedia
WEBPetrochemicals (sometimes abbreviated as petchems [1]) are the chemical products obtained from petroleum by refining. Some chemical compounds made from petroleum are also obtained from other fossil fuels, such as coal or natural gas, or renewable sources such as maize, palm fruit or sugar cane .
Petrochemicals in 2022: A return to normalcy, with uncertainty ahead
WEBFeb 17, 2023 · 1. In the second half of 2022, however, profits began to return to pre-COVID-19 levels. A major reason for this return to “normal” is that supply chain constraints began easing at the beginning of the third quarter of 2022 as fleet capacity increased and global demand for consumer goods waned.
Petrochemical | Industrial, Manufacturing & Energy Applications
WEBMar 22, 2024 · Petrochemicals are found in products as diverse as aspirin, luggage, boats, automobiles, aircraft, polyester clothes, and recording discs and tapes. Like crude oil and natural gas, petrochemicals are composed primarily of carbon and hydrogen and are called hydrocarbons.
Petrochemicals 2030: Reinventing the way to win in a changing …
WEBFeb 21, 2018 · The petrochemical industry has ridden high on emerging-market demand growth since the start of the century, just like producers of metals and other commodities.
Petrochemicals 2021: Regional fortunes and growing sustainability
WEBApr 29, 2022 · Petrochemicals proved their resilience in 2021. Despite unexpected challenges, such as new COVID-19 variants, rising commodity costs, and supply chain disruptions, the petrochemical market tightened, leading to unprecedented value creation.
The Future of Petrochemicals – Analysis - IEA
WEBPetrochemicals are one of the key blind spots in the global energy debate, especially given the influence they will exert on future energy trends. Dr Fatih Birol, Executive Director, IEA. Petrochemical products are everywhere and are integral to modern societies.
China’s petrochemical surge is driving global oil demand growth
WEBDec 19, 2023 · China feedstocks. The structural transformation of the petrochemical industry has been reshaping global patterns of oil consumption. Global oil use in 2023 has decisively surpassed pre-Covid levels, rising to 1 million barrels per day (mb/d) above where it stood in 2019.
Petrochemical industry - Wikipedia
WEBPetrochemical industry. Jampilen Petrochemical co., Asaluyeh, Iran. The petrochemical industry is concerned with the production and trade of petrochemicals. A major part is constituted by the plastics (polymer) industry. It directly interfaces with the petroleum industry, especially the downstream sector.
Petrochemical industry worldwide - statistics & facts | Statista
WEBMay 13, 2024 · Petrochemical industry outlook. The production capacity of petrochemicals worldwide reached almost 2.4 billion metric tons in 2023. By 2030, it is expected to grow significantly, with China,...
Building resilience in the petrochemical market | Deloitte Insights
WEBOct 26, 2020 · The US petrochemical industry is facing profound shifts that will potentially redefine it by 2030. Companies can turn these shifts into opportunities by focusing on areas such as strategy, M&A, digitalization, innovation, and talent. The changing petrochemicals landscape. The US petrochemical industry is transforming.
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