Fact-checked by Grok 2 weeks ago

Petrochemical industry

The petrochemical industry encompasses the production of a vast array of chemicals derived primarily from and feedstocks, through processes such as and reforming, to create essential building blocks for modern materials and products. These include high-value chemicals like and , which form the basis for plastics, synthetic rubbers, fibers, and resins, as well as for fertilizers and for solvents and fuels. Originating in the early with the development of key processes like catalytic cracking, the industry experienced explosive growth after , driven by abundant oil supplies and rising demand for consumer goods, with global primary chemical production reaching approximately 650 million tonnes in 2017. Economically, the sector is a of global industry, accounting for approximately 14% of total primary oil demand in 2017 (around 12 million barrels per day) and projected to drive over one-third of oil demand growth to 2030, reaching nearly 18 million barrels per day by 2050 under trends analyzed in 2018. It supports diverse applications, from and materials—where plastics constitute 63% of output by weight—to , where ammonia-based fertilizers underpin about 50% of global production, and healthcare via pharmaceuticals and medical devices. dominates production, contributing half of the world's primary chemicals (326 million tonnes annually in 2017), led by China's capacities in (20% of global), (33%), and (55%). By 2023, global primary chemical production exceeded 800 million tonnes, with Asia's share surpassing 60%. The industry's is substantial, consuming around 10% of global final and 30% of , with direct CO₂ emissions totaling 1.5 gigatonnes in —18% of emissions—and expected to rise 30% by 2050 without intervention. Recent estimates indicate direct emissions around 0.94 gigatonnes in 2022. In the United States, chemicals and represent about 40% of use and emissions. Key challenges include environmental impacts from plastic waste (with only 9% recycled globally) and reliance on feedstocks, prompting shifts toward sustainable alternatives like bio-based materials and carbon capture, while demand for primary chemicals is forecasted to grow 60% by 2050, fueled by increases and in emerging markets.

Overview

Definition and Scope

The petrochemical industry is a branch of the focused on deriving chemicals from and feedstocks through processes such as , cracking, and to produce intermediates and end products. These activities transform hydrocarbons into essential materials, including plastics, synthetic fibers, fertilizers, detergents, pharmaceuticals, and components for clean energy technologies like solar panels and blades. The scope of the industry extends from the initial separation of crude oil or into basic building blocks like olefins (e.g., , ) and aromatics (e.g., , ) to the creation of downstream derivatives used in , , equipment, tires, and . It relies on thermal and catalytic cracking to break down complex hydrocarbons, followed by and other reactions to form polymers and other compounds, distinguishing it from mere physical separation processes. In contrast to petroleum refining, which primarily converts crude oil into fuels such as , , and for applications, the petrochemical sector prioritizes chemical reconfiguration to yield non-fuel products that serve as feedstocks for . As of 2023, global production reached approximately 2.3 billion metric tons, accounting for the vast majority of synthetic materials, with comprising 99% of all plastics.

Economic Significance

The petrochemical industry plays a pivotal role in the global economy, with its valued at approximately USD 641 billion in , representing about 10-12% of the broader chemical sector's output, which totaled over USD 5.7 trillion in recent years. This sector drives by supplying essential raw materials for diverse industries, contributing significantly to global trade and manufacturing value chains. Its expansion has been fueled by rising demand in emerging markets, particularly in , where it underpins and consumer product development. Beyond direct market contributions, the petrochemical industry enables key economic sectors by providing critical inputs such as fertilizers for , which enhance crop yields and ; pharmaceuticals for healthcare, supporting drug manufacturing and medical advancements; and plastics for consumer goods, facilitating , , and automotive applications. These downstream applications amplify the industry's multiplier effect, boosting across , healthcare, and , where petrochemical-derived materials account for a substantial portion of input costs and . For instance, plastics alone have seen demand nearly double since , outpacing traditional materials like . However, as of -2025, the industry faces challenges from global oversupply and weak demand, particularly in key markets like , leading to reduced margins and some capacity adjustments. The sector also generates substantial , directly employing around 1-2 million workers worldwide in , , and related operations, while indirectly supporting tens of millions more through supply chains and downstream industries. In regions like the , it sustains approximately 269,000 total jobs as of 2023 (including direct, indirect, and induced ), with direct around 69,000 and a focus on skilled labor in and operations. Globally, as part of the , it contributes to the 15 million direct jobs in chemicals, fostering in both developed and developing economies. The petrochemical industry's close interdependence with oil and gas markets exposes it to price volatility, as feedstocks like and constitute 70-90% of production costs. Petrochemicals account for 12% of global oil demand, a share projected to rise, making the sector vulnerable to fluctuations in crude oil prices, which can squeeze margins and influence investment decisions. For example, spikes in oil prices, as seen in recent geopolitical events, have historically led to higher input costs, prompting shifts toward alternative feedstocks or efficiency measures in response to market instability.

History

Origins and Early Developments

The petrochemical industry's roots lie in 19th-century experiments with coal tar byproducts from gas lighting and early oil distillation. Coal tar, a viscous residue from coal carbonization, proved rich in aromatic compounds like benzene and aniline, which chemists began isolating for industrial applications. In 1856, 18-year-old British chemist William Henry Perkin accidentally synthesized mauveine, the world's first commercial synthetic dye, by oxidizing aniline derived from coal tar while attempting to produce quinine; this discovery, patented that year, launched the synthetic organic chemicals sector and inspired widespread research into tar derivatives. German firms, including predecessors of IG Farben such as BASF (founded 1865) and Bayer (founded 1863), rapidly scaled production of aniline dyes, establishing Germany as a leader in coal tar chemistry by the 1880s. Parallel advancements in petroleum processing emerged with the commercial oil era. The first U.S. oil well, drilled by in , in 1859, spurred rudimentary distillation to separate for lighting, leaving behind heavier fractions suitable for chemical experimentation. Samuel M. Kier constructed the earliest known petroleum refinery—a one-barrel still—in in 1850, initially processing seep oil for lubricants and illuminants, though systematic chemical utilization lagged until the . The 1901 gusher in revolutionized supply, flooding markets with crude and prompting refinery builds in Beaumont and , where excess gases began attracting chemical interest. The 1910s and 1920s marked the true emergence of through breakthrough refining technologies and wartime imperatives. In 1913, chemist William Merriam Burton at of patented the Burton cracking process (U.S. Patent No. 1,049,667), heating heavy oils under pressure to break long chains into lighter fractions like and olefins—key feedstocks such as and for . This innovation, first commercialized at Standard's , refinery, boosted yields and byproduct availability, enabling the 1920 production of from cracked at Standard's Bayway, , plant—the inaugural commercial petrochemical. In , the facilitated early plants; the 1923 opening of the Columbian Carbon Company's facility in Stephens County produced from flared , a vital rubber reinforcer and early petroleum-derived chemical, signaling the region's pivot to . World War I accelerated synthetic material development amid natural resource blockades. In Germany, Bayer chemist Fritz Hofmann polymerized isoprene in 1909 to create methyl rubber, the first viable synthetic elastomer, though brittle; wartime demand led to limited production of about 2,500 tons by 1918 for tires, cables, and hoses, demonstrating polymer potential from petrochemical precursors. IG Farben, formed in 1925 via merger of Bayer, BASF, Hoechst, and others, inherited this expertise and expanded synthetic rubber research, while U.S. efforts included Union Carbide's 1920 ethylene plant in the Charleston, West Virginia, area, using natural gas cracking for solvents and antifreeze—pioneering large-scale olefin production. These pre-1930s innovations, driven by pioneers like Perkin, Burton, and Hofmann, shifted the industry from coal tar dominance to petroleum-based synthesis, setting the stage for broader commercialization. The 1930s saw further breakthroughs in polymer chemistry and regional expansion. IG Farben commercialized in 1930 and advanced (PVC) production, while in the U.S., companies like Dow Chemical and developed processes for styrene and other monomers, establishing petrochemical complexes along the Gulf Coast in and amid growing oil refining. catalyzed massive scaling, particularly in ; the U.S. government invested heavily in facilities using petroleum-derived and styrene, achieving over 800,000 tons of production in 1944 to support military needs, laying the foundation for postwar industry growth.

Postwar Expansion and Modern Era

Following , the petrochemical industry underwent rapid expansion during the and , fueled by postwar economic recovery, rising consumer demand, and advancements in key production technologies. emerged as a cornerstone feedstock, with global production scaling dramatically as it became the basis for plastics, synthetic fibers, and other derivatives; by the late , annual worldwide output exceeded 30 million tons, driven by applications in packaging and automotive components. , first commercialized in the 1940s but booming postwar, saw widespread adoption for films, pipes, and insulation, with U.S. production alone surpassing 1 million tons annually by 1960. This growth was propelled by the commercialization of processes in the early , which improved yields of light olefins like from hydrocarbon feedstocks such as and ; the first large-scale steam crackers, such as those built by and Dow Chemical, enabled efficient, high-volume operations and marked a shift from earlier thermal cracking methods. The oil crises of and disrupted this trajectory, quadrupling crude oil prices and exposing the industry's heavy reliance on petroleum-based feedstocks like , which accounted for 60-70% of production costs for commodities such as and . In response, producers diversified toward natural gas liquids, particularly and , to mitigate volatility and leverage more stable domestic supplies; in the U.S., this shift reduced feedstock costs and supported recovery, with becoming the primary input for over 90% of production by the early 1980s. Globally, energy-rich nations like and accelerated gas-based projects, such as SABIC's initiatives to utilize flared for low-cost output, while conservation measures in developed economies— including U.S. standards—temporarily curbed demand but ultimately spurred technological adaptations. In the 21st century, the U.S. revolution post-2010 revitalized the industry through abundant, low-cost supplies, slashing prices by over 50% from 2008 levels and enabling a surge in investments exceeding $100 billion in new facilities by 2020. This led to a 40% increase in U.S. capacity, reaching about 30 million tons annually, and positioned the country as a major exporter of and derivatives. Concurrently, solidified its role as the world's premier production hub, with and driving over 60% of global capacity additions since 2010 through massive integrated complexes; by 2025, the region accounted for nearly two-thirds of new petrochemical projects, supported by rapid and domestic demand growth averaging 5-7% annually. Post-2020, the industry has increasingly pursued sustainable initiatives amid global net-zero commitments, focusing on decarbonization to align with targets like the . Key efforts include electrifying steam crackers to cut emissions by up to 90%, as demonstrated by the BASF-SABIC-Linde demonstration project in , which began construction in 2022 and became operational in 2024—the world's first large-scale electrically heated steam cracker furnaces. (CCU) has gained traction, with facilities like SABIC's in , , capturing 500,000 metric tons of CO2 yearly for reuse as feedstock since 2016. Additionally, investments in renewable hydrogen and green feedstocks aim for broader adoption, with goals such as 's plan for 4 million tons of low-carbon by 2035 supporting petrochemical transitions.

Feedstocks and Processes

Primary Feedstocks

The primary feedstocks for the petrochemical industry are hydrocarbons derived from sources, predominantly from crude oil refining, liquids (NGLs) such as and , and in certain regions, . , a light distillate fraction, serves as the dominant feedstock globally due to its versatility in producing a range of basic chemicals. NGLs, extracted during , provide lighter hydrocarbons ideal for specific cracking processes. , while less common globally (accounting for around 10% of feedstocks as of 2024), is utilized in coal-to-olefins (CTO) pathways, particularly in coal-rich economies. The sector consumes about 16% of global oil production and 8% of fossil gas production. Regional variations are significant: in the United States, ethane dominates due to abundant shale gas resources, accounting for nearly 40% of the world's ethane-based petrochemical capacity. In contrast, China relies heavily on coal for around 7% of its coal consumption directed toward chemical production in 2024, supporting CTO processes amid limited oil and gas imports. These differences influence production economics and environmental impacts, with gas-based feedstocks generally offering lower costs in resource-abundant areas. Preparation of these feedstocks involves initial separation and purification to isolate suitable hydrocarbons for . For , crude oil undergoes atmospheric and in refineries to yield the naphtha fraction, followed by pretreatment such as hydrotreating to remove impurities like and nitrogen compounds. NGLs like and are obtained through of streams, with additional stabilization and dehydration steps to ensure purity. Coal preparation for petrochemical use entails or methanol-to-olefins routes, including crushing, drying, and to produce , though this is more energy-intensive and region-specific. These steps ensure feedstocks meet specifications for thermal cracking, minimizing and maximizing efficiency. Yield profiles vary by feedstock, influencing plant design and product slate. Ethane cracking yields primarily olefins, achieving up to 80% ethylene selectivity, making it highly efficient for light olefin production. Naphtha, by comparison, produces a broader mix, yielding more aromatics (e.g., benzene, toluene) alongside olefins, though with lower ethylene selectivity (around 30-40%) due to its heavier hydrocarbon composition. Propane offers intermediate yields, favoring propylene, while coal routes emphasize olefins but at higher carbon footprints. These characteristics drive regional preferences, such as ethane's role in U.S. ethylene dominance.

Core Production Technologies

The core production technologies in the petrochemical industry encompass a range of processes designed to transform feedstocks, such as derived from crude oil or liquids, into fundamental building blocks like olefins and aromatics. These methods rely on thermal, catalytic, and reaction principles to achieve high selectivity and yield while managing the endothermic nature of bond-breaking reactions. and stand as the foundational processes, supplemented by hydrocracking, , and for specific conversions. Steam cracking serves as the primary method for olefin production, particularly and , by thermally decomposing saturated hydrocarbons in the presence of steam to prevent formation and enhance selectivity. This occurs in tubular reactors within furnaces, where feedstocks like are heated to temperatures of 800–900°C under low pressure (1–2 ) for residence times of milliseconds to seconds. The key for feedstock is the dehydrogenation and cracking: \ce{C2H6 -> C2H4 + H2} Yields of from can reach up to 80% by weight, depending on operating severity and coil outlet temperature, making it highly efficient for lighter feeds. is essential for generating aromatics, such as , from fractions through a series of dehydrogenation, , and cyclization reactions over bifunctional catalysts typically containing or on an acidic support like alumina. Operated at 450–525°C and 10–35 bar in fixed-bed or moving-bed reactors, the process converts low-octane paraffins and naphthenes into high-aromatic reformate, with yields influenced by feedstock composition and catalyst activity. For instance, rich in C6–C8 components can produce via the dehydrogenation of : \ce{C6H12 <=> C6H6 + 3H2} This technology, refined since the 1940s, balances as a with aromatic selectivity. Additional processes support feedstock preparation and derivative formation. Hydrocracking employs under (50–170 ) and catalysts like nickel-molybdenum on silica-alumina to cleave heavy vacuum gas oils into middle distillates and lighter hydrocarbons suitable for further petrochemical processing, achieving near-complete conversion while saturating aromatics. reacts olefins (e.g., or butenes) with in the presence of strong acids like hydrofluoric or at 0–40°C, forming branched alkanes with high stability. basics involve chain-growth mechanisms where unsaturated monomers link via , , and termination steps, often catalyzed by Ziegler-Natta or metallocene systems to control molecular weight and structure. These technologies exhibit substantial energy demands, with for typically consuming 17–21 GJ per metric ton from feedstocks and up to 40 GJ per ton from due to the higher heat of reaction and needs. Over the past decades, has advanced through innovations like advanced designs, selective catalysts, and heat recovery systems, reducing specific energy consumption by 20–30% since the 1970s in leading facilities.

Products and Applications

Basic Petrochemicals

Basic petrochemicals are the foundational olefins and aromatics derived directly from hydrocarbon feedstocks via processes like and , serving primarily as monomers for and key intermediates in . Olefins, including , , and , constitute the largest share of basic petrochemical production, while aromatics such as , , and the xylenes (collectively known as BTX) provide cyclic structures essential for a range of derivatives. These compounds represent the core output of the industry, with global production emphasizing high-volume, efficient synthesis to meet demand for plastics and synthetic materials. Among olefins, stands as the world's leading by volume, with annual exceeding 200 million metric tons as of 2025. It accounts for roughly 40% of total basic output, underscoring its pivotal role as a feedstock for and other polymers. Historically, was synthesized through the of , a route employed in the early and persisting in select countries like and through the 1980s before being largely supplanted by more economical methods; today, the dominant process is thermal of , natural gas liquids, or other hydrocarbons at temperatures around 800–900°C, yielding alongside byproducts like . , the second-most produced olefin at approximately 130 million metric tons as of 2024, is similarly generated via or propane dehydrogenation, serving as a for resins. , produced at about 13 million metric tons per year, emerges as a C4 fraction from cracking operations and is recovered through processes, acting as a critical for synthetic rubbers. Aromatics production centers on BTX, with global output totaling around 130 million metric tons in recent years. Benzene, the primary aromatic at over 50 million metric tons annually, is chiefly obtained through of followed by solvent extraction to separate it from non-aromatics. and the xylenes (ortho-, meta-, and para-isomers) are co-produced in reforming, with xylenes reaching about 70 million metric tons combined, often further purified via adsorption or for specific uses as monomers in polyesters and other materials. These routes highlight the integration of processes, where BTX yields are optimized by adjusting feedstock composition and reactor conditions to balance olefin and aromatic outputs.

Downstream Derivatives and Uses

Downstream derivatives in the petrochemical industry encompass a wide array of intermediate and end-use products synthesized from basic petrochemicals such as olefins and aromatics, transforming raw monomers into materials that permeate modern life. These derivatives include , specialty chemicals, and performance materials, each tailored for specific industrial and consumer applications through processes like , , and oxidation. Polymers represent the largest category of downstream derivatives, with and being predominant examples derived from and monomers, respectively. , produced via high-pressure or low-pressure , is widely used in packaging films, pipes, and containers due to its versatility, durability, and low cost; global production exceeds 100 million metric tons annually. , similarly polymerized from , finds applications in automotive parts, textiles, and rigid packaging, valued for its heat resistance and mechanical strength. Other notable polymers include for insulation and disposable products, and (PVC) for construction materials like pipes and flooring. Beyond polymers, downstream derivatives extend to synthetic rubbers, detergents, pesticides, and pharmaceuticals, each leveraging petrochemical building blocks for specialized functions. Synthetic rubbers, such as rubber derived from and styrene, are essential for tires and conveyor belts, providing elasticity and abrasion resistance. Detergents incorporate linear alkyl sulfonates from and olefins for household cleaning agents, while pesticides like organophosphates stem from compounds and olefins for agricultural . In pharmaceuticals, petrochemical intermediates such as derivatives serve as precursors for active ingredients in drugs like aspirin and antibiotics. These derivatives find broad applications across key sectors, with approximately 40% of petrochemical output directed toward plastics production for and consumer goods, 20% toward synthetic textiles and fibers for apparel and , and 15% toward agricultural products such as pesticides and films. This sectoral distribution underscores the industry's role in enabling lightweight, durable materials that reduce transportation energy needs while supporting . The from monomers to final goods illustrates the transformative nature of , where basic olefins like are polymerized into resins, then compounded and molded into products such as (PET) bottles for beverages. PET, synthesized from and (both petrochemical-derived), exemplifies this progression, offering recyclability and clarity for single-use packaging while integrating into initiatives. Emerging bio-based variants, like from sugarcane , are gaining traction as of 2025, with production capacities expanding in .

Global Production

Major Producing Countries

The is the leading producer of petrochemicals globally, accounting for approximately 19.5% of worldwide ethylene capacity in 2024. This dominance stems from the revolution, which has provided abundant and inexpensive feedstock, enabling cost-competitive production and expansion of facilities along the Gulf Coast. As a result, the U.S. has become a major net exporter of key petrochemicals like and , with output supported by advanced infrastructure and favorable energy policies. China ranks as the second-largest producer, holding 19.3% of global capacity and contributing 30-35% of total output in 2024. Despite its scale, 's industry remains partially import-dependent for feedstocks such as and , sourced primarily from the and , to meet surging domestic demand driven by and sectors. Government initiatives, including capacity expansions and self-sufficiency goals, have propelled rapid growth, with planned additions of over 3 million tons of capacity by 2025. Saudi Arabia serves as the central hub for the Middle East's petrochemical production, boasting a total capacity of around 118 million tons per year in 2024. The kingdom leverages its vast oil and gas reserves, combined with substantial government subsidies and incentives under Vision 2030, to diversify its economy and export-oriented output. This has positioned Saudi Arabia as a low-cost producer, particularly for aromatics and olefins, with exports targeting high-demand markets in Asia. The Asia-Pacific region collectively represents nearly 47% of the global petrochemical market in 2024, underscoring a profound shift from the early 2000s when its share was under 30%, fueled by industrialization in China, India, and Southeast Asia. Key factors include resource availability in the U.S., policy support in Gulf states like Saudi Arabia, and import dynamics in China, which together drive over 50% of worldwide ethylene production growth during this period.
Country/RegionEthylene Capacity Share (2024)Key Factors
19.5%Cheap from
19.3%Domestic demand and expansions; import reliance
Significant (part of ~10-12% global)Oil reserves and subsidies
(total)~50% of global productionRapid industrialization and investments

Key Production Facilities

The petrochemical industry relies on large-scale integrated complexes that combine , cracking, and derivative production to optimize efficiency and . These mega-complexes are often co-located with refineries to utilize byproducts like and as feedstocks, minimizing transportation costs and enhancing feedstock flexibility. Major facilities worldwide demonstrate this integration, with capacities measured in millions of metric tons per annum () of key outputs like , a foundational building block for plastics and chemicals. In the United States, the Gulf Coast region hosts one of the world's most concentrated petrochemical hubs, particularly along the , where over 100 facilities produce a significant portion of global . The Baytown complex in exemplifies this, featuring a and with a total petrochemical production capacity exceeding 3.6 million tons annually, including from multiple steam crackers. A key expansion completed in 2018 added a world-scale ethane cracker with 1.55 capacity, leveraging abundant to boost output amid post-2020 investments in low-cost ethane-based production. These developments, including similar ethane crackers at sites like ' Mont Belvieu, have increased U.S. capacity by over 5 since 2020, driven by favorable natural gas liquids availability. Saudi Arabia's stands as the largest integrated petrochemical cluster globally, encompassing over 80 major plants operated by entities like and Sadara Chemical Company, with a combined annual capacity surpassing 25 million tons of . The Sadara complex alone, a between and Dow, integrates a 1.5 mixed-feed with downstream units for polyurethanes and elastomers, co-located adjacent to the SATORP refinery for seamless supply. Europe's Antwerp-Rotterdam-Rhine (ARR) cluster represents a densely interconnected network of refineries and petrochemical sites spanning Belgium and the Netherlands, with integrated ethylene capacity exceeding 7 mtpa across multiple operators. In Antwerp, the Port of Antwerp-Bruges hosts facilities like TotalEnergies' platform, which includes a 338,000 barrels-per-day refinery feeding two naphtha crackers producing over 1.1 mtpa ethylene combined, alongside polymer units for polyethylene and polypropylene. The cluster's efficiency stems from shared infrastructure, including extensive pipeline networks and storage, though recent announcements signal closures of older units to address overcapacity, such as a 570,000 mtpa ethylene cracker slated for shutdown by 2027. In , South Korea's Daesan Petrochemical Complex in Chungcheongnam-do province is a prime example of , with multiple operators contributing to a total capacity of approximately 4.5 following recent mergers and expansions. Hanwha ' facility, co-located with a , includes a 1.15 naphtha and added 400,000 capacity in 2021 to meet demand for durable goods. Similarly, Chem's Daesan site features a 1.27 unit integrated with refining operations for optimal feedstock utilization. China's Shanghai region features advanced complexes like the Shanghai SECCO Petrochemical Caojing site, a Sinopec- with 4.2 total petrochemical capacity, dominated by a 900,000 cracker fed by nearby refineries. This facility, expanded in the early , produces key derivatives including 1.3 , supporting China's domestic plastics market while benefiting from integrated logistics in the Park.

Industry Players

Leading Companies

The petrochemical industry is dominated by a handful of multinational corporations that control significant portions of global through integrated operations spanning feedstock , , and . These leading companies leverage , technological expertise, and strategic investments to maintain competitive advantages in basic chemicals like and , as well as advanced polymers. BASF SE, headquartered in , , is the world's largest chemical producer by sales. Founded in 1865, it reported chemical sales of $74.5 billion in 2023, with petrochemicals forming a key segment including production of , , and aromatics. emphasizes through initiatives like ChemCycling, which converts waste into feedstock for new polymers, and invests in carbon management technologies to reduce emissions across its global operations. ExxonMobil Chemical, a division of Corporation based in the United States, stands as one of the largest players with a 2023 revenue of approximately $22.3 billion for its chemical products segment, decreasing to about $21.4 billion in 2024. Formed from the merger of Exxon and , which traced roots to Standard Oil's breakup in 1911, ExxonMobil has historically focused on upstream and to supply feedstocks. Its strategic emphasis lies in vertically integrated operations, producing olefins, polyolefins, and aromatics for , automotive, and construction applications, while investing in low-carbon technologies to align with goals. Sinopec, officially China Petroleum & Chemical Corporation, is a state-owned enterprise headquartered in Beijing and the world's largest refiner by capacity. In 2023, it reported total revenue of about $445 billion, with petrochemicals forming a core segment amid China's rapid industrialization; 2024 total revenue was approximately $429 billion. Established in 2000 through the restructuring of the former China Petrochemical Corporation (founded in 1950), Sinopec prioritizes domestic energy security and export-oriented production of ethylene, polyethylene, and synthetic rubber. Its strategy integrates refining with downstream plastics manufacturing to support China's manufacturing base, including major facilities processing naphtha and natural gas liquids. Saudi Basic Industries Corporation (SABIC), based in , , boasts a production capacity exceeding 70 million metric tons annually and generated $37.7 billion in revenue in 2023, with 2024 revenue at approximately $37.3 billion. Founded in 1976 as a with government backing, SABIC has expanded globally through acquisitions like GE Plastics in 2007, focusing on derived from abundant Saudi hydrocarbons. Its core strategy involves producing commodity chemicals such as and polymers for global markets, with a strong emphasis on sustainable growth aligned with , including diversification into specialty chemicals. Dow Inc., headquartered in Midland, Michigan, USA, achieved $44.6 billion in net sales in 2023, decreasing to $43.0 billion in 2024, positioning it as a leader in performance materials. Originating from Herbert H. Dow's 1897 electrochemical ventures, the company pioneered early petrochemical processes like chlorine production and expanded into polymers post-World War II, notably inventing in 1941 and silicone-based sealants. Dow's strategic focus centers on sustainable polymers, including advancements in recyclable architectures that enhance flexibility and reduce carbon footprints in packaging and hygiene products. LyondellBasell Industries, a Netherlands-based multinational with U.S. roots, recorded $41.1 billion in revenue in 2023, with 2024 revenue at $40.3 billion. Emerged from the 2007 merger of Lyondell Chemical (founded 1983) and Basell Polyolefins (a 2000 spin-off from and ), it specializes in polyolefins and refining. The company's strategy emphasizes solutions, exemplified by its MoReTec chemical technology, which converts mixed plastic waste into high-quality for new polymer production, addressing challenges in mechanical . These firms exemplify , controlling supply chains from crude oil or extraction through to end-use plastics, which minimizes costs and ensures feedstock reliability amid volatile energy markets. For instance, and operate refineries that directly feed crackers, while and Dow extend into consumer goods distribution. Innovations drive differentiation, with Dow advancing formulations for enhanced durability and recyclability, and pioneering waste-to-feedstock technologies to support global plastic circularity goals. invests in carbon capture for lower-emission production, bolstering long-term viability. BASF's efforts in and low-carbon production further highlight industry trends toward . Ownership patterns reflect regional dynamics: state influence predominates in Asia and the Middle East, as seen with (fully state-owned) and (70% owned by ), enabling resource access and policy alignment. In contrast, Western giants like , Dow, LyondellBasell, and operate as publicly traded private entities, prioritizing shareholder returns and global mergers for expansion.

Market Structure and Competition

The petrochemical industry is characterized by an oligopolistic , where a handful of multinational corporations dominate global and due to the sector's high capital requirements and . This concentration fosters strategic interdependence among leading firms, limiting price and encouraging collaborative behaviors such as joint ventures. The industry's capital-intensive operations create substantial , reinforcing the dominance of established players. Mergers and acquisitions have further intensified this structure, enabling firms to consolidate resources and expand portfolios. A prominent example is the 2017 merger of and , valued at $130 billion, which formed DowDuPont and positioned it as a major force in petrochemicals, agriculture, and materials before the entity's later divestitures into separate companies. Such consolidations, often scrutinized by antitrust regulators, aim to capture synergies in R&D, supply chains, and market access while navigating divestiture requirements to maintain competition. Key drivers of competition include volatile feedstock costs, which significantly influence profitability and regional advantages. Access to low-cost or enables producers to undercut rivals, while escalating prices can erode margins across the board. Additionally, R&D investments in bio-based alternatives, such as renewable feedstocks for plastics and chemicals, are gaining traction as firms seek to differentiate through and mitigate risks from dependency. Regional rivalries sharpen these dynamics, particularly between the Middle East's low-cost producers, who leverage subsidized and to maintain export dominance, and the , where has boosted capacity and secured about 40% of global ethane-based petrochemical production. This competition pressures pricing, spurs capacity expansions in advantaged regions, and influences global supply chains, with Middle Eastern firms focusing on volume growth and U.S. players emphasizing technological integration.

Economic and Social Impacts

Employment and Supply Chains

The petrochemical industry employs a highly skilled workforce, with roles primarily filled by engineers, chemists, and technicians specializing in , chemical reactions, and safety protocols. These professionals require expertise in areas such as , material science, and environmental compliance to optimize and ensure . The petrochemical industry employs millions worldwide, with the broader chemicals sector supporting around 10 million direct jobs globally as of recent estimates. programs are essential to develop these competencies, including apprenticeships that combine academic study with on-the-job experience; for instance, in , initiatives like those offered by the provide structured pathways for degree-level qualifications in , enabling participants to earn while learning over 3-5 years. Similarly, companies such as Dow in the UK run 3- to 4-year apprenticeships for chemical process operators and maintenance technicians, leading to NVQ Level 3 diplomas and focusing on practical skills in plant operations and safety. The industry's supply chains are highly integrated, spanning upstream, midstream, and downstream segments to transform raw feedstocks into finished products. Upstream activities involve sourcing feedstocks like crude and from major oil producers, where exploration and extraction provide the primary inputs such as and . operations focus on transportation and , utilizing pipelines, tankers, and storage facilities to move these feedstocks efficiently across global distances while minimizing losses and ensuring supply reliability. Downstream processes then refine these inputs into basic and derivatives, distributing them to manufacturers in sectors like plastics, textiles, and pharmaceuticals through established networks of wholesalers and distributors. Supply chain disruptions can significantly impact the industry, as demonstrated during the in 2020, when global lockdowns led to shortages of key resins such as and . These shortages arose from reduced production capacity, labor constraints, and halted transportation, causing delays in resin supplies and forcing manufacturers to ration materials or seek alternatives. The event highlighted the vulnerability of just-in-time logistics in petrochemical networks, prompting investments in diversified sourcing and regional production to enhance .

Trade and Market Dynamics

The global petrochemical trade was valued at approximately 714 billion USD in 2023, representing a significant portion of the industry's activity. Major trade routes originate from the , directing substantial volumes to and via key maritime chokepoints such as the and the , facilitating efficient delivery to high-consumption markets in , , and the . In parallel, the has emerged as a key exporter following the shale boom, with increased shipments of (LPG) and ethane-based products to and , reshaping traditional supply patterns. Petrochemical pricing remains closely tied to crude oil benchmarks, with naphtha—a primary feedstock—pricing closely linked to crude oil benchmarks through cracks. Volatility in these prices is amplified by geopolitical events, such as the 2022 Russia-Ukraine conflict, which drove a nearly 30% surge in prices within weeks of the invasion, disrupting supply chains and elevating costs across the sector. Looking ahead, the petrochemical trade is forecasted to expand to approximately 973 billion USD by 2030, fueled primarily by rising demand in , where urbanization and industrial growth in countries like and are projected to account for nearly 60% of global demand increases.

Environmental and Safety Concerns

Pollution and Emissions

The petrochemical industry generates substantial greenhouse gas emissions, primarily carbon dioxide (CO2), alongside other air pollutants such as volatile organic compounds (VOCs) and nitrogen oxides (NOx). Direct CO2 emissions from primary chemical production, which includes key petrochemical processes, totaled approximately 935 million metric tons in 2022, representing a significant portion of industrial emissions driven by energy-intensive operations like and reforming. Overall, the chemicals and petrochemicals sector accounts for about 6.1% of global , comparable to iron and steel production. VOCs and NOx are predominantly released during thermal and catalytic cracking processes, where high-temperature decomposition of hydrocarbons in furnaces and reactors produces these pollutants as byproducts of and incomplete reactions. For instance, cracking furnaces are a major source of due to thermal formation in high-heat environments, while VOCs emanate from and leakage in processing units. The carbon intensity of petrochemical production underscores its environmental impact, particularly for , the sector's foundational building block. via conventional emits between 1 and 1.8 metric tons of CO2 per metric ton of produced, depending on feedstock ( or ) and process efficiency. This range can extend to 2.4 metric tons CO2 equivalent per ton in less optimized facilities, highlighting the sector's reliance on fossil fuels for both feedstock and . Water usage in the petrochemical industry is intensive, primarily for cooling, , and , with freshwater averaging around 0.64 cubic meters per metric ton of throughput in integrated refinery-petrochemical complexes. Effluents from these operations often contaminate water bodies with hydrocarbons, , (such as lead and ), , oils, greases, and salts, leading to toxic discharges that impair ecosystems. typically ranges from 3.5 to 5 cubic meters per ton of processed crude or product, containing refractory organic pollutants that resist conventional . Solid and hazardous waste from the petrochemical sector includes spent catalysts, sludges, and non-recyclable residues, but a major concern is plastic pollution derived from its products. Approximately 19-23 million tonnes of plastic waste enters aquatic ecosystems annually, much of it originating from mismanaged petrochemical-derived polymers that degrade into microplastics and entangle marine life. Efforts to address this include ongoing international negotiations for a global plastics treaty, expected to set binding targets for reducing plastic production and waste. Waste management practices commonly involve incineration for volume reduction and energy recovery, alongside secure landfilling for hazardous materials, though these methods can release additional emissions if not controlled.

Health Risks and Accident Management

Workers in the petrochemical industry face significant occupational health risks from exposure to hazardous chemicals and . , a key feedstock used in producing plastics and other chemicals, is classified as a human carcinogen primarily due to its association with and other blood cancers following prolonged exposure. The (OSHA) has established a of 1 part per million () for in workplace air over an 8-hour workday to mitigate these risks. Chronic exposure to airborne from petrochemical processes, such as dust and fine particles from refining and handling operations, can lead to respiratory disorders including , (COPD), and increased incidence among workers. Public health concerns extend beyond the workplace, as petrochemical-derived products contribute to environmental contamination that enters human food chains. Microplastics, originating from the degradation of plastics manufactured via petrochemical processes, have been detected in seafood, drinking water, and other foods, potentially leading to ingestion and bioaccumulation. These particles may induce oxidative stress, immune system disruptions, and metabolic disorders in humans, though current evidence on definitive health impacts remains under investigation. Communities near petrochemical facilities often report elevated rates of chronic respiratory diseases and other non-cancerous conditions linked to such exposures. Catastrophic accidents in the industry have amplified these health risks on a large scale. The 1984 Bhopal disaster at a pesticide plant in , involving a leak of gas, exposed over 500,000 people and resulted in thousands of immediate deaths, with long-term effects including respiratory ailments and blindness persisting for decades. Similarly, the 2005 at the Texas City refinery in the United States, caused by an overfilled isomerization unit releasing flammable vapors, killed 15 workers and injured 180 others, many suffering severe burns and trauma. To manage these risks, the industry employs structured protocols and protective measures. Hazard and Operability (HAZOP) studies are widely used to systematically identify potential deviations in process operations, enabling proactive safeguards against accidents in petrochemical facilities. (PPE), including flame-resistant clothing, respirators, gloves, and , is mandated to shield workers from chemical splashes, vapors, and particulates during handling and maintenance tasks. Industry-wide safety performance has improved, with the International Association of Oil & Gas Producers (IOGP) reporting a lost-time injury rate of 0.24 incidents per million hours worked in 2023 for oil and gas operations.

Regulation and Organizations

Government Policies

Government policies play a pivotal role in shaping the petrochemical industry through regulations aimed at , trade equity, climate mitigation, and operational safety. These policies vary by jurisdiction but increasingly emphasize and to address the sector's environmental footprint and global dynamics. In the , the REACH regulation, formally Regulation (EC) No 1907/2006, entered into force on June 1, 2007, requiring manufacturers and importers of chemical substances, including petrochemical derivatives, to register, evaluate, authorize, and restrict them based on potential risks to human health and the environment. This framework shifts the burden of proof to industry actors to demonstrate safe use, fostering innovation in safer chemical alternatives while imposing compliance costs estimated in the billions of euros annually. In the United States, the Clean Air Act Amendments of introduced stringent controls on air pollutants from industrial sources, including petrochemical facilities, by mandating reductions in volatile organic compounds, sulfur oxides, and nitrogen oxides through cleaner fuel standards and emission limits. These amendments have significantly curbed emissions from refining and petrochemical processes, with studies showing a notable impact on the sector's operational costs and technology adoption for pollution control. Trade policies further influence the industry's global competitiveness. Under Section 301 of the Trade Act of 1974, the imposed tariffs ranging from 7.5% to 25% on approximately $370 billion of imports starting in , targeting chemicals and products to address concerns and unfair trade practices. This has disrupted supply chains, increased costs for U.S. importers of petrochemical feedstocks, and prompted diversification of sourcing, with analyses indicating potential job losses exceeding 5,900 in chemical distribution due to higher prices. In OPEC member countries, such as and , government subsidies on domestic energy prices—often amounting to tens of billions annually—lower production costs for derived from subsidized oil and gas, enhancing export competitiveness but distorting global markets. Climate-related policies are increasingly aligned with international commitments like the , adopted in 2015, which has prompted governments to implement measures reducing from energy-intensive sectors including . The Agreement's goals have led to a 6.5% global decline in oil and gas investment among publicly traded companies from 2015 to 2019, influencing policy shifts toward low-carbon technologies in the industry. A key example is the European Union's (CBAM), which entered its transitional phase in October 2023 and will fully apply from January 1, 2026, imposing carbon pricing on imports of carbon-intensive goods like fertilizers—a major petrochemical output—to prevent and align with the EU Emissions Trading System. Safety standards form another critical pillar of government oversight. , the (OSHA) enforces the Process Safety Management standard (29 CFR 1910.119), applicable to petrochemical plants handling highly hazardous chemicals, requiring risk assessments, emergency planning, and employee training to prevent catastrophic releases. This has reduced incident rates in the sector through mandatory audits and compliance programs. , the Seveso III Directive (2012/18/EU), effective since August 13, 2012, mandates prevention and mitigation of major accidents at sites storing or processing dangerous substances, including petrochemical facilities, by classifying establishments into lower and upper tiers based on inventory thresholds and requiring detailed safety reports and public information. These policies collectively mitigate risks, with recent reports indicating improved handling of hazardous substances across EU industrial sites.

Industry Associations and Events

The petrochemical industry relies on several key professional associations that advocate for its interests, develop industry standards, and foster collaboration among stakeholders. The American Chemistry Council (ACC), based in the United States, serves as the primary trade association representing chemical manufacturers and related organizations, including those in the petrochemical sector, with a focus on policy advocacy, safety enhancements, and economic growth. Similarly, the European Chemical Industry Council (Cefic) acts as the voice of the European chemical industry, promoting innovation, sustainability, and regulatory dialogue on behalf of its members, who produce a significant portion of Europe's petrochemical outputs. Globally, the International Council of Chemical Associations (ICCA) coordinates efforts across more than 60 national and regional associations, representing chemical producers that account for over 90% of worldwide chemical sales, including petrochemicals. These associations play crucial roles in , standard-setting, and within the . For instance, they lobby for favorable policies on , , and environmental regulations while developing voluntary guidelines to improve operational practices. A prominent example is the Responsible Care program, launched in 1985 by the Canadian Chemical Producers' Association and now overseen by the ICCA, which commits participating companies to continuous improvements in health, safety, and environmental performance through shared best practices and verifiable metrics. Adopted by over 60 associations in more than 70 countries, the program emphasizes and , helping to rebuild public trust following major incidents in the . Industry events provide platforms for networking, knowledge exchange, and strategic discussions on emerging trends. The annual World Petrochemical Conference (WPC), held in , , and organized by , gathers executives, analysts, and policymakers to address market dynamics, supply chain challenges, and technological advancements in petrochemical production and trade. Established as a key forum since the , the event features presentations on global demand forecasts and sustainability strategies, drawing over 1,000 attendees each year. Complementing this, the (ACS) hosts petrochemistry symposia through its Division of Petroleum Chemistry, integrated into national meetings such as the ACS Spring and Fall Expos, where researchers present advancements in , refining processes, and alternative feedstocks. Collaborative initiatives underscore the industry's shift toward . Post-2020, the ICCA has prioritized the transition to a , advocating for reduced waste, enhanced of chemical products, and integration of renewable feedstocks to minimize environmental impacts while maintaining economic viability. Cefic supports this through targeted projects, such as studies identifying actions to scale circular practices, including incentives for infrastructure investments and regulatory frameworks that promote material reuse in petrochemical value chains. These efforts align with broader goals of and align the sector with global agendas.

References

  1. [1]
    [PDF] The Future of Petrochemicals - NET
    This International Energy Agency (IEA) analysis explains the circumstances of the petrochemicals industry today and projects how it might develop to 2050. ...
  2. [2]
    Chemicals - IEA
    The chemical sector is the largest industrial energy consumer and the third largest industry subsector in terms of direct CO2 emissions.
  3. [3]
    Overview of the global petrochemical industry - Zero Carbon Analytics
    Petrochemicals are products derived from oil and natural gas, and include plastics, soaps, detergents, fertilisers, solvents, drugs, pesticides, synthetic ...
  4. [4]
    Chemical and Petrochemical Manufacturing | Department of Energy
    The chemicals and petrochemicals industries account for about 40% of all industrial energy use and emissions in the United States.Missing: facts | Show results with:facts
  5. [5]
    The Future of Petrochemicals – Analysis - IEA
    Oct 4, 2018 · Petrochemical feedstock accounts for 12% of global oil demand, a share that is expected to increase driven by increasing demand for plastics, ...
  6. [6]
    [PDF] Energy Efficiency Improvement and Cost Saving Opportunities for ...
    The petrochemical industry - defined in this Energy guide as facilities involved in the production of basic petrochemicals, other organic chemicals and plastic ...
  7. [7]
    Oil and Petroleum Products Explained: Refining Crude Oil - EIA
    Feb 22, 2023 · Petroleum refineries convert (refine) crude oil into petroleum products for use as fuels for transportation, heating, paving roads, and generating electricity.<|control11|><|separator|>
  8. [8]
    Topic: Petrochemical industry in GCC
    ### Summary of Global Petrochemical Production Volume
  9. [9]
    Petrochemical - Energy Education
    Apr 28, 2020 · Important Petrochemicals​​ 99% of all plastics are created from oil and natural gas, with most being manufactured using naphtha feedstock. ...
  10. [10]
    Petrochemical Market Size & Share | Industry Report, 2030
    The global petrochemical market size was estimated at USD 641.07 billion in 2024 and is projected to grow at a CAGR of 7.3% from 2025 to 2030.
  11. [11]
  12. [12]
    [PDF] Facts-and-Figures-2024.pdf - GPCA
    Nov 11, 2024 · The GCC petrochemical production growth slowed to just 0.3% in 2023, highlighting the region's stability amidst global economic uncertainties, ...
  13. [13]
    Chemical Industry Contributes $5.7 Trillion to Global GDP ... - Cefic
    Mar 11, 2019 · The chemical industry contributes $5.7 trillion to global GDP, supporting 120 million jobs. Directly, it added $1.1 trillion and 15 million ...
  14. [14]
    Oil and energy price volatility - ScienceDirect.com
    The results show that crude oil, refined petroleum, and natural gas prices are more volatile than prices for about 95% of products sold by domestic producers.
  15. [15]
    William Henry Perkin | Science History Institute
    In 1856 Perkin accidentally discovered mauvine—the first commercialized synthetic dye—and introduced a new era in the chemical industry.
  16. [16]
    The refining and petrochemical industries: 170 years of innovation
    a one-barrel still — was built in Pittsburgh, Pennsylvania. This first modern refinery used a ...
  17. [17]
    Thermal Cracking - Engineering and Technology History Wiki
    Aug 13, 2021 · On January 1913, the Burton-Humphreys thermal cracking process was patented (Patent No. 1,049,667).Missing: petrochemicals | Show results with:petrochemicals
  18. [18]
    A timeline of chemical manufacturing - ICIS
    May 12, 2008 · 1850 The first petroleum refinery, consisting of a one-barrel still, is built in Pittsburgh, Pennsylvania, US, by Samuel Kier. 1854 The ...
  19. [19]
    Carbon Black Industry - Texas State Historical Association
    Dec 1, 1994 · In early 1923 the first Texas plant for manufacturing carbon black by burning residue gas from gasoline plants was constructed in Stephens ...Missing: petrochemical | Show results with:petrochemical
  20. [20]
    Rubber - 1914-1918 Online
    Nov 27, 2015 · The German synthetic rubber became brittle after a short time of use and was not competitive with its natural counterpart under peacetime ...
  21. [21]
    Landmark for the birthplace of the petrochemical industry
    Today's enormous petrochemical industry is built on a technology that began modestly in the hills of West Virginia. In 1920, the Carbide and Carbon ...
  22. [22]
    [PDF] The Birth of the Petrochemical Industry - American Chemical Society
    Sep 10, 2021 · Thermal cracking for ethylene production scaled well, and the ... Ethane is converted to ethylene and hydrogen upon heating in a steam cracker.
  23. [23]
    A Brief History of the Petrochemical Industry
    Though the petrochemical industry formally began in the 20th century, its roots trace back to the 19th century. The first significant use of petroleum was for ...
  24. [24]
    [PDF] the probable impact on the us petrochemical industry of the ... - usitc
    The petrochemical industry uses natural gas and its components, and petroleum products, to produce primary and intermediate petrochemicals and petrochemical ...
  25. [25]
    [PDF] The Impact of the Development of Shale Gas in the United ... - Ifri
    The shale gas revolution has led to strong falls in energy prices, reducing significantly the raw material costs of the US petrochemical industry.Missing: post- | Show results with:post-
  26. [26]
    Asia to Lead Global Petrochemical Project Pipeline, Driven by ...
    Oct 30, 2025 · Asia is set to dominate the global petrochemicals project landscape by the end of the decade, accounting for nearly two-thirds of all new plants ...
  27. [27]
    [PDF] Net-zero Opportunities for the Chemicals Industry | GPCA
    The aim of this white paper is to lay out what the chemicals industry should start contemplating for net zero implementation and give guidance on the key.
  28. [28]
    [PDF] Petrochemical Feedstocks - S&P Global
    In 2024, naphtha remained the largest-volume petrochemical feedstock used globally, followed by coal, natural gas and ethane. The largest consumers of ...Missing: split | Show results with:split<|control11|><|separator|>
  29. [29]
    The future of fossil fuels, chemicals, and feedstocks: Outlining a ...
    In this paper, we review and contextualize the Chinese expansion, distilling key dimensions that shape the prospects of petrochemical transitions.Perspective · 3. Central Issues In China's... · Acknowledgements
  30. [30]
    Ethane Market - Reports and Data
    According to the International Energy Agency (IEA), the United States alone accounted for nearly 40% of global ethane-based petrochemical production capacity, ...
  31. [31]
    Coal is set to surge as a chemical raw material - C&EN
    Oct 23, 2025 · In 2024, 7% of the coal used by China—the world's biggest consumer of coal—was converted into chemicals, the report says. India is second ...
  32. [32]
    Naphtha Production Process: From Crude Oil to Petrochemical ...
    Jul 11, 2025 · Naphtha is produced by distilling crude oil, using thermal or catalytic cracking, and includes steps like feedstock preparation, distillation, ...
  33. [33]
    [PDF] naphtha to ethane/propane (nep) - Energy & Sustainability Solutions
    Compared to other feeds, ethane delivers nearly 80% ethylene yield, while other feedstocks, like propane, naphtha or heavier feedstocks, yield less ethylene and ...
  34. [34]
    GCC Petrochemical Industry: Move beyond cheap feedstock
    May 14, 2017 · Although more costly than ethane, when naphtha is processed (cracked) it yields both olefins and aromatics (both are basic chemicals which are ...
  35. [35]
    World scale crude to olefins - DigitalRefining
    As shown in Figure 2, a steam cracking unit that is fed ethane (C2) yields about 80% of the target product ethylene; with light naphtha (SR LN) it yields less ...<|control11|><|separator|>
  36. [36]
    [PDF] Achieving high ethylene yield in non-oxidative ethane ... - NSF PAR
    Aug 8, 2021 · Steam cracking reactors are operated at extreme temperatures, typically between 850–950 ◦C, to raise the equilibrium conversion of ethane to ...
  37. [37]
    [PDF] examining the expansion potential of - Natural Resources Canada
    Lighter feedstock such as ethane produce around 80 percent ethylene on a tonne/tonne basis,5 and about 20 percent co-products (other olefins, pygas, etc.), ...
  38. [38]
    Catalytic Reforming | FSC 432: Petroleum Refining
    Catalytic reforming converts low-octane naphtha into high-octane reformate, used for gasoline blending, and produces hydrogen as a byproduct.
  39. [39]
    Catalytic reforming options and practices - DigitalRefining
    Most naphthenes react rapidly and efficiently to form aromatics. This is the basic reaction of reforming. Paraffins are the most difficult compounds to convert.
  40. [40]
    Hydrocracking is an important source of diesel and jet fuel - EIA
    Jan 18, 2013 · A hydrocracking unit, or hydrocracker, takes gas oil, which is heavier and has a higher boiling range than distillate fuel oil, and cracks the heavy molecules ...
  41. [41]
    Alkylation | FSC 432: Petroleum Refining
    The alkylation process combines light iso-paraffins, most commonly isobutane, with C3–C4 olefins, to produce a mixture of higher molecular weight iso-paraffins ...
  42. [42]
    Making Plastics: From Monomer to Polymer - AIChE
    Plastics are made by polymerizing monomers like ethylene or propylene, using a catalyst to break double bonds and form chains.
  43. [43]
    [PDF] Energy Use and Energy Intensity of the US Chemical Industry
    Modern plant values for SECe are 14 GJ/tonne of ethylene for ethane cracking (13 MBtu/ton, HHV) and 20-27 GJ/tonne of ethylene for naphtha/gas oil cracking (19- ...
  44. [44]
    [PDF] Production of Ethylene and Hydrogen via Electrochemical Non ...
    4, 5 For example, ethane steam cracking consumes typically 17-21 GJ (specific energy consumption, SEC) of process energy per ton of ethylene,6 of which 65% is ...
  45. [45]
    Intensification of Ethylene Production from Naphtha via a Redox Oxy ...
    Ethylene production by the thermal cracking of naphtha is an energy-intensive process (up to 40 GJ heat per tonne ethylene), leading to significant ...
  46. [46]
    Ethylene production: process design, techno-economic and life ...
    Jan 29, 2024 · This is because a higher fraction of ethane is transformed into ethylene in the steam cracking process (90.3 mol%) than in the ODHE process ( ...
  47. [47]
    [PDF] ExxonMobil Baytown Area 2024 Fact Sheet
    The Baytown Chemical Plan (BTCP) has the capacity to produce more than eight billion pounds of petrochemical products each year, supporting six ExxonMobil ...
  48. [48]
    Bechtel-Linde Consortium to build Large-scale Ethylene Plant at ...
    May 16, 2020 · At a capacity of 1.55 million tons of ethylene per year, the new facility will be one of the world's largest ethylene plants.
  49. [49]
    The petrochemical industry's pandemic hangover - C&EN
    Mar 28, 2022 · Peak start-up. This year will be the biggest on record for ethylene cracker openings in the US. Note: EG means ethylene glycol, EO means ...<|control11|><|separator|>
  50. [50]
    Sadara - Petrochemicals facility | Aramco
    We applied that skillset to build Sadara, at that time the world's largest integrated chemicals complex ever completed in a single phase, and one ...
  51. [51]
    Petrochemical industry Saudi Arabia GESALO
    The Saudi Arabian chemical sector has now reached an annual capacity of about 118 million tons. Although Saudi Arabia already has a large market share ...
  52. [52]
    Antwerp, TotalEnergies' Largest Integrated Platform in Europe
    Oct 31, 2025 · The site comprises Europe's third-largest refinery with a capacity of 338,000 barrels of oil per day, a petrochemical complex and a polymer ...An Extensive Upgrade · Totalenergies In Belgium · The Antwerp Platform Website
  53. [53]
    TotalEnergies plans Antwerp cracker closure | Latest Market News
    Apr 22, 2025 · The unit marked for closure has a nameplate ethylene capacity of 570,000 t/yr and propylene capacity of 255,000 t/yr. It mainly runs on naphtha ...
  54. [54]
    Cracker Capacity - Petrochemicals Europe
    Capacity Kt ethylene/year (2021), Remarks. AUSTRIA. Schwechat, OMV, 500. BENELUX. Antwerp, TOA, 550, TE, closure by end 2027. Antwerp, TOA, 610. Antwerp, BASF ...
  55. [55]
    South Korea's Lotte Chemical, HD Hyundai Group plan to merge ...
    Jun 12, 2025 · Lotte Chemical operates an additional facility in Daesan, producing 1.1 million mt/year of ethylene, which constitutes roughly 25% of its total ...
  56. [56]
    South Korea: Daesan Complex to Develop its Polymer Capacity for ...
    May 5, 2021 · The new polypropylene line, with a capacity of 400,000 tons a year, will enable Daesan to supply both the Korean market and export markets, ...
  57. [57]
    Power outage halts LG Chem, Lotte Chemical operations in Daesan ...
    Feb 25, 2025 · Similarly, LG Chem has also shut its Daesan cracker with its nameplate production capacity of 1.27 million tonnes per annum ethylene and 650,000 ...
  58. [58]
    Shanghai SECCO Petrochemical Company Caojing Complex, China
    Aug 20, 2024 · Ethylene accounts for the majority of the total annual capacity of the complex.
  59. [59]
    INEOS and SINOPEC sign three significant petrochemical deals with ...
    Jul 28, 2022 · INEOS will acquire 50% of Shanghai SECCO Petrochemical Company Limited (“SECCO”). SECCO has a capacity of 4.2 million tonnes of petrochemicals ...
  60. [60]
    Sinopec Shanghai Petrochemical to spend $2.91 billion to improve ...
    Jan 14, 2025 · The new installations will have a capacity to refine 1.20 million tons of ethylene per year, it added.Missing: facilities | Show results with:facilities
  61. [61]
    C&EN's Global Top 50 chemical firms for 2023
    Jul 24, 2023 · According to C&EN's Global Top 50 survey, the world's 50 largest chemical companies combined for chemical sales of $1.2 trillion in 2022.
  62. [62]
    How ExxonMobil Makes Money - Investopedia
    For FY 2023, the Chemical Products segment generated $22.26 billion in total sales and other operating revenue, a decrease of 19% from the previous year.
  63. [63]
    Sinopec FY2023 Annual Results - Yahoo Finance
    Mar 24, 2024 · In accordance with IFRS, the Company's revenue reached RMB 3.21 trillion; Operating profit was RMB 86.828 billion, up by 14.5% year on year; ...
  64. [64]
    China's Sinopec 2023 profit falls 13% as chemicals incur loss ... - ICIS
    Mar 25, 2024 · Chinese producer Sinopec posted a 12.9% decrease in full-year 2023 net profit as product prices fell across the board, dragged down by operating losses in ...Missing: history | Show results with:history
  65. [65]
    Financial Performance - Integrated Annual Report 2023 - SABIC
    FINANCIAL PERFORMANCE. 2023 Financial Highlights. Revenue. 2023: SAR 141.54 Bn. (US$ 37.74 Bn.) 2022: SAR 183.08 Bn. (US$ 48.82 Bn.) EBITDA. 2023: 19.02 Bn. (US ...
  66. [66]
  67. [67]
    Dow Chemical's Net Sales Drop to $44.6 Billion in 2023 - Echemi
    Jan 31, 2024 · In 2023, Dow's full-year net sales were $44.6 billion, down from $56.9 billion in 2022. On a generally accepted accounting principles (GAAP) ...
  68. [68]
    Dow scientists develop a novel polyethylene architecture
    Mar 15, 2024 · Dow's new polyethylene architecture offers greater asset flexibility and the potential for a reduced carbon footprint, advancing performance ...
  69. [69]
    LyondellBasell Industries NV Company Profile - GlobalData
    Revenue (2023) $40.3B -2% (2023 vs 2022). EPS XYZ. Net Income (2023) XYZ -35.5% (2023 vs 2022). Market Cap* $13.8B. Net Profit Margin (2023) XYZ -34.3% (2023 vs ...
  70. [70]
    MoReTec - LyondellBasell
    Jul 7, 2025 · Our proprietary chemical recycling technology, MoReTec, breaks down difficult to recycle post-consumer mixed plastic waste and converts it into ...
  71. [71]
    Exxon sees $16 billion in earnings for fuels, chemicals by 2027
    Sep 20, 2023 · Exxon Mobil Corp expects its motor fuels and chemicals earnings to reach $16 billion by 2027, up about $4 billion from current levels as ...
  72. [72]
    Sinopec Files 2023 Annual Report, Hits USD 444.81 Billion ...
    Mar 26, 2024 · Sinopec has achieved an operating cash flow of 161.475 billion yuan (USD 22.37 billion) in 2023, a year-on-year increase of 38.9 percent.Missing: history | Show results with:history
  73. [73]
    Facts and Figures - SABIC
    SABIC's overall production in 2024 was 53.9 million metric tons. ... Chemicals, SABIC's largest strategic business unit, accounts for the bulk of the company's ...
  74. [74]
    [PDF] Intra-industry trade and strategic interaction: Theory and evidence
    the petrochemical industry is best characterized as being oligopolistic. This stems mainly from the fact that the industry is very capital-intensive and ...<|control11|><|separator|>
  75. [75]
    Dow, DuPont complete planned merger to form DowDuPont - Reuters
    Sep 1, 2017 · Dow Chemical Co and DuPont said on Friday the companies had successfully completed their planned $130 billion merger to form DowDuPont.
  76. [76]
    Justice Department Requires Divestiture of Certain Herbicides ...
    Jun 15, 2017 · (DuPont) to divest multiple crop protection and two petrochemical products to proceed with their proposed merger valued at about $130 billion.
  77. [77]
    [PDF] Bio-Based Chemicals - A 2020 Update - IEA Bioenergy
    A promising approach to reduce biofuel production costs is to use so called biofuel-driven biorefineries for the co-production of both value-added products ( ...
  78. [78]
    [PDF] why the middle east's petrochemical industry needs to reinvent itself
    This development has given US producers a hefty cost advantage over their European and Asian rivals—most of which rely heavi- ly on high-priced naphtha as ...Missing: rivalries | Show results with:rivalries
  79. [79]
    Apprenticeship routes into chemical engineering - IChemE
    Apprenticeship routes into chemical engineering allow you to "earn while you learn" and study for a qualification, with different levels based on experience.
  80. [80]
    Apprenticeship programs | Dow UK & Ireland
    Dow offers a 3-year Chemical Process Operator apprenticeship and a 4-year Maintenance Technician apprenticeship, both leading to NVQ Level 3 diplomas.
  81. [81]
    What is Midstream
    Upstream refers to the exploration and extraction of natural gas and crude oil; midstream encompasses connection services such as gathering, processing, ...
  82. [82]
    What Is Meant by Upstream and Downstream Supply Chain? - DTN
    The downstream division covers three main areas of the production process: refinement, marketing, and distribution. Petrochemical plants, natural gas ...
  83. [83]
    Petrochemicals 2020: A year of resilience and the road to recovery
    May 21, 2021 · Last year, the COVID-19 pandemic and subsequent economic crisis brought unprecedented challenges to the petrochemicals industry. Early in the ...
  84. [84]
    COVID-19 Supply Chain Disruptions - ScienceDirect.com
    Indeed, the impact of the COVID-19 crisis on supply chains and the design of resilient supply chains received increased public attention since March 2020.
  85. [85]
    Petrochemicals review: Where we are now and where we're going
    May 31, 2024 · Production in some industries remained strong in 2023; for example, production of light vehicles increased by 1.8 percent in third quarter ...
  86. [86]
    World Oil Transit Chokepoints - EIA
    China, India, Japan, and South Korea were the top destinations for crude oil moving through the Strait of Hormuz to Asia, accounting for 69% of all Hormuz crude ...
  87. [87]
  88. [88]
    US shale gas changing dynamics in petrochemical industry of Asia ...
    Supplies from the Middle East will also grow but exports may not rise as much as US shipments. US LPG is available now for loading below US$600/ton compared to ...Missing: routes | Show results with:routes
  89. [89]
    Naphtha Prices, Analytics and Forecasts | ICIS
    South Korea is a major importer of raw materials like crude oil and naphtha, which it uses to produce a variety of petrochemicals, which are then exported.Related Links · Other Oil And Feedstocks... · Naphtha News
  90. [90]
    Building resilience in petrochemicals | Deloitte Insights
    Oct 26, 2020 · In contrast, 70% of European and Asian petrochemical production is based on naphtha, a petroleum-based feedstock. As US petrochemical producers ...Changing End Markets · Changing Feedstock Dynamics · Cost Advantage To Continue...
  91. [91]
    Geopolitical risk and oil prices - European Central Bank
    When Russia invaded Ukraine in February 2022, Brent prices increased by almost 30% within the first two weeks following the invasion. However, prices then ...<|separator|>
  92. [92]
    Russia's War on Ukraine – Topics - IEA
    Trade patterns for oil and natural gas have shifted dramatically since Russia's invasion as governments look to strengthen their energy security. At the same ...The Global Energy Landscape... · Ukraine's Energy Security... · Average Russian Oil Exports...
  93. [93]
    The Global Petrochemical Market Outlook for 2025-2030
    With China and India projected to contribute nearly 60% of global petrochemical demand growth by 2030, their dominance is reshaping global supply chains.
  94. [94]
    Exhaust emissions and waste treatment in the Petrochemical sector
    Nov 23, 2021 · Cogeneration plants, boilers, heaters and catalytic cracking are the main sources of air emissions of carbon monoxide and dioxide, nitrogen oxides (NOx), ...
  95. [95]
    Dispersion modeling of NOx from stacks of cracking furnaces of ...
    The study used the AERMOD dispersion model to estimate seasonal and annual emissions of nitrogen oxides (NOx) from the cracking furnaces of the Amirkabir ...
  96. [96]
    [PDF] Reduced Carbon Intensity Ethylene Production
    Dec 2, 2021 · Conventional cracking generates roughly 1–1.8 metric tons (Mt) of CO2 for every metric ton of ethylene produced. Globally, that amounts to more ...
  97. [97]
    Reducing CO2 emissions of existing ethylene plants
    Aug 15, 2022 · The corresponding carbon footprints are estimated as 1.56 metric tons (t) of CO2 equivalent per ton of ethylene (Keller et al., 2020) or 2.4 ...
  98. [98]
    [PDF] 2022 Survey of Effluent Quality and Water Use at European Refineries
    In 2022, 48 refineries consumed a total of 197 million m3 of fresh water. The average relative freshwater consumption in 2022 was 0.64 m3/ton of throughput, ...Missing: petrochemical | Show results with:petrochemical
  99. [99]
    Petrochemical Industry Water Pollution | Environmental Integrity
    These facilities release millions of pounds of pollution, including benzene, salts, nitrogen compounds, oil and grease, and metals like aluminum, zinc, and lead ...
  100. [100]
    Petroleum wastewater: Environmental protection, treatment, and ...
    Generally, the amount of the wastewater produced from petroleum refinery processing (PPW) is about 3.5–5 m3/crude oil ton in case of recycling cooling water ( ...Missing: m3 | Show results with:m3
  101. [101]
    [PDF] Marine pollution Marine debris • More than 8 million tonnes of plastic ...
    • More than 8 million tonnes of plastic enter the oceans each year, equal to dumping a garbage truck of plastic every minute. As much as 80 per cent of all ...
  102. [102]
    Demystifying priority of deploying sustainable petrochemical waste ...
    High-income countries typically invest in advanced hazardous waste treatment infrastructure, including secure landfills, controlled incineration, and solvent ...
  103. [103]
    [PDF] Benzene - U.S. Environmental Protection Agency
    Increased incidence of leukemia (cancer of the tissues that form white blood cells) have been observed in humans occupationally exposed to benzene. EPA has.
  104. [104]
  105. [105]
    Mortality and morbidity study of petrochemical employees in a ...
    May 18, 2012 · An augmented risk for lung cancer among petrochemical workers was observed in some occupational cohort studies [21]. The main risk factor for ...
  106. [106]
    Environmental and Health Impacts of Air Pollution: A Review
    The long-term effects associated with air pollution are chronic asthma, pulmonary insufficiency, cardiovascular diseases, and cardiovascular mortality. ...
  107. [107]
    Microplastics in human food chains: Food becoming a threat to ...
    Feb 1, 2023 · The variance in types, size, and shape of plastic particles may lead to several health problems including oxidative stress, immune disease, and ...
  108. [108]
    Potential Health Impact of Microplastics: A Review of Environmental ...
    Aug 10, 2023 · Experiments show that the exposure to microplastics induces a variety of toxic effects, including oxidative stress, metabolic disorder, immune ...
  109. [109]
    Health risks for the population living near petrochemical industrial ...
    Aug 15, 2020 · Living near petrochemical industries is associated with adverse health outcomes other than cancer. There is a higher prevalence of asthma and other respiratory ...
  110. [110]
    Bhopal Gas Tragedy: 40 years of Injustice - Amnesty International
    Dec 2, 2024 · It is now estimated that more than 22,000 people have died as a direct result of exposure to the leak, while more than half a million people ...
  111. [111]
    BP America (Texas City) Refinery Explosion | CSB
    Fifteen workers were killed and 180 others were injured. Many of the victims were in or around work trailers located near an atmospheric vent stack. The ...
  112. [112]
    HAZOP Analysis in Terms of Safety Operations Processes for Oil ...
    Oct 31, 2021 · The study aims to apply the HAZOP methodology in process and safety operations in the oil production industry.
  113. [113]
    Personal Protection Equipment (PPE) for Oil and Gas Personnel - HSI
    Eye protection; Hearing protection; Hand and foot protection; Flame-resistant clothing (FRC). Many workers are also required to wear portable monitors that ...
  114. [114]
    Understanding REACH - ECHA - European Union
    REACH is a regulation of the European Union, adopted to improve the protection of human health and the environment from the risks that can be posed by ...
  115. [115]
    1990 Clean Air Act Amendment Summary | US EPA
    In 1989, President George W. Bush proposed revisions to the Clean Air Act designed to curb acid rain, urban air pollution, and toxic air emissions.Other Titles · Title I · Title II · Title IVMissing: petrochemical | Show results with:petrochemical
  116. [116]
    The Impact of the 1990 Clean Air Act Amendments on the US Oil ...
    The 1990 Clean Air Act Amendments imposed extensive restrictions on refined petroleum product markets, requiring select end users to purchase new cleaner ...Missing: petrochemical | Show results with:petrochemical
  117. [117]
    [PDF] U.S.-China Tariff Actions Since 2018: An Overview - Congress.gov
    Jul 16, 2025 · USTR imposed tariffs at rates from 7.5% to 25% on about $370 billion worth of U.S. imports from China. China countered with tariffs on $110.Missing: impact petrochemicals
  118. [118]
    Coping with Section 301 Tariffs on Chinese Imports
    The analysis shows that over 5,900 chemical distributor jobs could be lost because of higher prices resulting from tariffs, with a total of nearly 28,000 jobs ...Missing: petrochemicals | Show results with:petrochemicals
  119. [119]
    Oil consumption subsidy removal in OPEC and other Non-OECD ...
    Our analysis suggests that OPEC countries may achieve significant welfare gains by removing the oil subsidies in their transport sector. On the one hand, OPEC ...
  120. [120]
    The Impact of Climate Policy on Oil and Gas Investment - IMF eLibrary
    Jun 30, 2023 · We show that climate policies have led to a global decline of 6.5 percent in investment among publicly traded oil and gas companies between 2015 and 2019.
  121. [121]
    Carbon Border Adjustment Mechanism - Taxation and Customs Union
    CBAM is a system to confirm that a price has been paid for the embedded carbon emissions generated in the production of certain goods imported into the EU.
  122. [122]
    [PDF] Process Safety Management for Petroleum Refineries - OSHA
    The Occupational Safety and. Health Act requires employers to comply with safety and health standards and regulations promulgated by OSHA or by a state with an ...
  123. [123]
    Industrial accidents - Environment - European Commission
    The Seveso III Directive (2012/18/EU) entered into force on 13 August 2012. It aims to prevent major accidents and limit their consequences and harmful impacts ...
  124. [124]
    Seveso III Implementation Report: European industrial safety improved
    Sep 19, 2025 · A new report published Friday (19 Sep) finds that industrial installations have improved the handling of hazardous substances.<|control11|><|separator|>
  125. [125]
    American Chemistry Council
    ACC supports policies and programs that utilize a set of safety measures and follow a data-driven approach to enhancing the safe transportation of chemicals. We ...Careers · About ACC · Chemistry in America · ACC Leadership
  126. [126]
    Mission and Organisation - Cefic
    Cefic is a forum of European chemical companies. Its mission is to advance knowledge, support members, shape policy, and create collective impact.
  127. [127]
    International Council of Chemical Associations (ICCA)
    ICCA is the global voice of the chemical industry, representing manufacturers and producers, with members accounting for over 90% of global chemical sales.
  128. [128]
    Responsible Care - International Council of Chemical Associations ...
    Since its launch in 1985 in Canada, Responsible Care ® has grown into a global movement, uniting more than 60 chemical associations across more than 70 ...
  129. [129]
    Responsible Care ® : Driving Safety & Sustainability
    Mar 13, 2025 · Responsible Care ® was initially launched by the Chemistry Industry Association of Canada in 1985. Since its inception, it has grown to nearly ...Responsible Care<sup... · Responsible Care® Partners · Management System...
  130. [130]
    World Petrochemical Conference: WPC
    Join the 41st World Petrochemical Conference (WPC 2026) in March 23-27, 2026, Houston. Register Now ...WPC 2025 AgendaRegister (opens in a new tab)Travel to WPC 2026SpeakersAttend WPC 2026
  131. [131]
    American Chemical Society (ACS) Division of Petroleum Chemistry ...
    American Chemical Society Division of Petroleum Chemistry. Petroleum Preprints. Spring 2012. (Volume 57 #1) Held 25-29 March 2012, San Diego, California, USA.
  132. [132]
    Circular Economy - International Council of Chemical Associations ...
    ICCA is committed to playing a key role in the systemic transition to a circular economy as a key component of sustainability.Missing: post- 2020
  133. [133]
    Chemical industry's circularity study reveals 5 urgent actions to scale ...
    Jun 17, 2025 · Drive forward a supportive regulatory framework with targeted incentives. · Facilitate investments in circular infrastructure and technologies.