Petrochemicals – of which plastics are the dominant output – now account for roughly 75% of net global oil-demand growth, and are projected to become the largest driver of future oil demand. Plastic production has already doubled in the past two decades. Major oil companies are responding accordingly. Recent consolidation – including a $60bn merger creating one of the world’s largest plastics producers – reflects a deliberate pivot toward petrochemical assets as a long-term demand anchor.
Mads Gade, CEO of Ineos Energy points to the huge pipes of the wellhead which, for decades, carried oil and gas up from below the seabed.
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Варвара Кошечкина (редактор отдела оперативной информации)