Petrol industry embraces plastics while navigating energy shift …C0NTINUE READING HERE >>>
It is not clear if plastics can provide a sufficient lifeline for the petroleum industry.
Photo: Nhac NGUYEN / AFP/File
Source: AFP
Amid the inexorable shift toward more electric vehicles, oil and gas producers are looking increasingly to plastics to help keep them afloat, even if that sector faces challenges of its own.
Plastics and chemical products now account for 15 percent of world demand for the refined petroleum products used to make them.
But as “robust growth” continues, that…
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