Petrochemical industry

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Group.png Petrochemical industry  
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Petrochemical industry.png
Petrochemicals are produced at refineries like this
InterestsOil
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]

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References