QUO VADIS, PETROCHEMICALS?

Petrochemicals play a crucial role in the chemical industry. Firstly, they mark the starting point of almost all chemical value chains and, hence, provide a secure raw material basis to all the subsequent segments, such as specialties, fine chemicals or polymers, the more so as the majority of chemical plants in Europe is backwards integrated. Secondly, individually they represent also one of the biggest business segments in the chemical industry.   FACTS AND FIGURES In the current structure of Europe’s chemical industry petrochemicals contribute: On average some €132 billion per year to the overall European GDP, representing 26.4% of the […]