The global petrochemical industry has quite evidently been strained over the course of 2020 and 2021 due to reasons such as unexpected disruptions in the global supply chain and decreased demand due to the pandemic, creating turmoil within the energy markets. Many end industries have been hit quite hard, for instance, the automotive industry, contributing […]
Read More
To operate, the petrochemical sector needs 25% of the Earth’s carrying capacity and the industry contributes significantly to carbon emissions. Chemicals made from naphtha and other fossil fuels, like ethylene and propylene, demand a lot of resources that are not sustainable enough. The trajectory is shifting, though, in favor of more environmentally friendly, renewable, and […]
Read More
Oil prices have a startling effect on the market because they pose a high impact on the entire value chain. Demand and supply are hampered at every stage, from production to transportation. When we look at the historical data, we can see that there have been a lot of changes and sincere outbreaks. However, there […]
Read More
The trends in the petrochemical and downstream industry have been erratic. The industry has always been the center of attention, being broken down into upstream, midstream, and downstream. The rising demand in the downstream sector, which includes products aimed at end users, is the reason for this. Even though the market is projected to expand […]
Read More