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Jampilen Petrochemical co., Asaluyeh, Iran. The petrochemical industry is concerned with the production and trade of petrochemicals. [according to whom?] A major part is constituted by the plastics (polymer) industry. [according to whom?] It directly interfaces with the petroleum industry, especially the downstream sector. [according to whom?]
The largest petrochemical industries are located in the United States and Western Europe; however, major growth in new production capacity is in the Middle East and Asia. There is substantial inter-regional petrochemical trade. Primary petrochemicals are divided into three groups depending on their chemical structure:
American petroleum refining largely grew out of oil shale refining. When the Drake Well started producing in 1859, the oil shale industry was growing rapidly, and establishing refineries near cannel coal deposits along the Ohio River Valley. As oil production increased, the oil shale refiners discovered that their refining process worked just ...
The petrochemical industry is only a sector of one of the largest markets in the world, the chemical industry. Head over the 15 largest chemical companies in the world for a detailed review of the ...
Two of the largest producers of petrochemicals in North America are located in central and north central Alberta. In both Red Deer and Edmonton, world class polyethylene and vinyl manufacturers produce products shipped all over the world, and Edmonton's oil refineries provide the raw materials for a large petrochemical industry to
For FY 2006, the petrochemical industry's share of GDP was projected to be about 2 percent. [62] Iran plans to invest a total of $500 billion in the oil sector before 2025. [11] [dead link ] [12] Iran's petrochemical industries have absorbed a large amount of private and public investment.
In the United States, Herbert Henry Dow's use of electrochemistry to produce chemicals from brine was a commercial success that helped to promote the country's chemical industry. [8] The petrochemical industry can be traced back to the oil works of Scottish chemist James Young, and Canadian Abraham Pineo Gesner.
The Romanian petrochemical industry, particularly centered around Ploiești, became a focal point for Allied bombing raids, notably during Operation Tidal Wave. [3] The Soviet Red Army later occupied the Romanian oilfields in August 1944. Post-World War II, extensive reconstruction and expansion initiatives were undertaken under the communist ...