U.S. Set to Benefit from Wild Petrochemical Market

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Editorial by Geoffrey Lakings for Industrial Info Resources (Sugar Land, Texas)–The petrochemical sector is expected to remain the key driver of global oil demand growth, with liquified petroleum gas (LPG), ethane and naphtha accounting for more than 50% of the rise between 2022 and 2028. Accordingly, there will be an expansion of global energy complexes (including refining, petrochemicals, hydrogen, biofuels, etc.)

Signs point to the petrochemical sector growing by more than US$200 billion over the next seven-plus years, with U.S.-based majors set to benefit.

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