Oil, Gas and Petro Chemical Sciences

Recent advancements in petro chemistry

The petrochemical industry is a crucial area in our pursuits for global economy, market growth, employment generation, and basic needs of our lives. It is a huge field which possesses many commercial petrochemical and polymer-enabled products. Petrochemical products wich became an integral part to our modern societies. They include fertilizers, plastics, textile, packaging, medical equipment, medical supplies, digital devices, tires, detergents, and many others. They are also found in many parts of the modern renewable energy systems, including wind turbine blades, solar panels, thermal insulation for buildings, batteries and electric vehicle parts.

The Future of Petrochemicals with the consequences of growing demand for the products, and what we can do for accelerating a clean energy transition for the petrochemical industry. Looking ahead to 2030, demand growth in emerging economies and less abundant advantaged feed stocks are likely to undermine these strategies. Companies will likely have more disciplined approach to capacity additions, returns may be more modest, and all petrochemical players will need to work much harder on core capabilities and strategy for a brighter future ahead.