Difference between revisions of "Petrochemical industry"
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|constitutes=industry | |constitutes=industry | ||
|image=Petrochemical industry.png | |image=Petrochemical industry.png | ||
| − | |image_caption=Petrochemicals are produced at | + | |image_caption=Petrochemicals are produced at refineries like this |
|interests=Oil | |interests=Oil | ||
|description=In [[2018]], the global market value of [[petrochemicals]] was 539 billion U.S. dollars, and is forecast to increase to 651.1 billion U.S. dollars by [[2027]].<ref>https://www.statista.com/statistics/696921/petrochemical-market-value-worldwide/#:~:text=In%202018%2C%20the%20global%20market,billion%20U.S.%20dollars%20by%202027.</ref> | |description=In [[2018]], the global market value of [[petrochemicals]] was 539 billion U.S. dollars, and is forecast to increase to 651.1 billion U.S. dollars by [[2027]].<ref>https://www.statista.com/statistics/696921/petrochemical-market-value-worldwide/#:~:text=In%202018%2C%20the%20global%20market,billion%20U.S.%20dollars%20by%202027.</ref> | ||
}} | }} | ||
| − | The '''petrochemical industry''' obtains [[chemical products]] by refining [[oil]]. [[Big chemical]] and [[Big Oil]] dominate the industry. The production of petrochemicals | + | The '''petrochemical industry''' obtains [[chemical products]] by refining [[oil]]. [[Big chemical]] and [[Big Oil]] dominate the industry. The production of petrochemicals only occurs in a few number of places around the world, and has been impacted by [[COVID-19]].<ref>https://www.mckinsey.com/industries/chemicals/our-insights/the-impact-of-covid-19-on-the-global-petrochemical-industry</ref> |
==Locations== | ==Locations== | ||
Latest revision as of 03:52, 7 October 2021
 Petrochemical industry  (Industry)   | |
|---|---|
 Petrochemicals are produced at refineries like this | |
| Interests | Oil |
| In 2018, the global market value of petrochemicals was 539 billion U.S. dollars, and is forecast to increase to 651.1 billion U.S. dollars by 2027.[1] | |
The petrochemical industry obtains chemical products by refining oil. Big chemical and Big Oil dominate the industry. The production of petrochemicals only occurs in a few number of places around the world, and has been impacted by COVID-19.[2]
Locations
- Antwerp, Belgium
- Houston, Texas, USA
- India
- Rotterdam, Netherlands
- Teeside, England
- Saudi Arabia
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