Alternate feedstock options for petrochemicals: A roadmap
New hydrocarbons will be needed to meet future demand
Following the economic slowdown in
the US and Europe, a gradual demand shift has occurred from
west of the Suez to east of the Suez. Asia-Pacific nations are
the areas for energy and petrochemical-based product demand
growth. After China, India is the next growth hub for
chemicals. A steadily growing middle class, which is about one
third of the population, is a significant driver in
Indias economy and supports new petrochemical/chemical
consumption. This young population with rising incomes is
responsible for growing demand for consumer durable goods, such
as automobiles and packaging. Petrochemicals constitute over 20%
of the total chemical sector output63% as polymers and
29% as synthetic fibers.1
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