The Petrochemical Industry is a fundamental component of the global economy. It involves the production of a vast range of chemicals, solvents, plastics, and synthetic materials derived from petroleum or natural gas.
These products are utilized in various sectors, such as agriculture, construction, healthcare, electronics, automotive, and consumer goods.
The industry has enabled the production of lightweight and durable materials, which have improved our quality of life and made various technological advancements possible. The petrochemical industry has created employment opportunities and generated significant revenue for countries that produce and export these products. It continues to play a vital role in meeting the growing demand for consumer goods, materials, and energy.