Petrochemicals ResearchViews
Petrochemicals are chemical products derived from petroleum or natural gas and turned into useful consumer products that are more efficient and cost-effective than in their original state. Primary petrochemicals refer to aromatics, olefins, methanol, ammonia and their derivatives. The principal and most commonly used process for their production is cracking. Key drivers of the petrochemical industry include shifts in global supply and demand centres, as well as oil and gas price changes. The issues that most affect the global petrochemical sector are environmental impacts, technological advances, capital financing, feedstock tie-up and new export and trading regulations.