Sign in to follow this  
Followers 0
Marina Schwarz

Petrochems Will Boom

Recommended Posts

The petrochemicals market is set for an average CAGR of 9% through 2023. Apparently, greener alternatives are not doing too well.

Share this post


Link to post
Share on other sites

The focus on clean energy investment has been on reducing emissions from the electricity generation and the automotive industries that it almost seems like petrochemicals has been ignored. Big oil are looking to petrochemicals to keep the industry booming, it will be interesting to see how much regulatory and divestment pressure comes to this industry when it hits the mainstream press.

https://oilprice.com/Energy/Energy-General/Big-Oil-To-Bet-On-Petrochemicals-As-Demand-Peak-Looms.html

Share this post


Link to post
Share on other sites

Oh, that will be fun to watch: divesting from oil derivatives used to make, say, heart valves. Or contacts. Or bicycle tyres. Yes, please start divesting from petrochems.

Share this post


Link to post
Share on other sites

8 hours ago, Marina Schwarz said:

Oh, that will be fun to watch: divesting from oil derivatives used to make, say, heart valves. Or contacts. Or bicycle tyres. Yes, please start divesting from petrochems.

Bicycle tires. Interesting--I hadn't thought of that. One more reason why the EV revolution would be a no-go without oil. Not only to charge the EVs (for now, anyway) but the tires! 

I wonder what other things would be impossible without oil right now (as in, no viable alternatives currently exist)?

Share this post


Link to post
Share on other sites

Plastic packaging, cosmetics, there's even oil derivatives in medicines. Asphalt = roads. Here's a list of more. It's a bit scary.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
You are posting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  
Followers 0