Petrochemical industry
 Petrochemical industry  (Industry)   | |
|---|---|
 Petrochemicals are produced at a refinery 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 onl;y 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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