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This post was last edited by *nht1 on 2020-3-2 at 12:11. 2019 Analysis Report on the Petrochemical Industry. The petrochemical industry, abbreviated as petrochem. It generally refers to the chemical industry that uses petroleum and natural gas as raw materials. The range is wide, with many products available. Crude oil is subjected to cracking, reforming, and separation to produce basic raw materials such as ethylene, propylene, butylenes, butadiene, benzene, toluene, xylene, naphthalene, etc. From these basic raw materials, various fundamental organic compounds can be produced, such as methanol, formaldehyde, ethanol, acetaldehyde, acetic acid, isopropanol, propanone, phenol, and others. The petrochemical industry is a fundamental sector; it provides support and services for agriculture, energy, transportation, machinery, electronics, textiles, light industry, construction, building materials, as well as for people’s daily lives. It holds a crucial position in the national economy and is one of the key industrial sectors in our country. Over the past few decades, the global petrochemical industry has undergone significant changes, from technological upgrades to shifts in production locations. Before 1980, the United States, Western Europe, and Japan were the main producers of primary petrochemical products; today, the countries that hold a significant position in the global petrochemical industry are the United States, the Middle East, and China. The United States is a major oil-producing country worldwide, boasting large reserves of oil and natural gas as well as advanced extraction and production technologies. Since the shale revolution in the U.S., the increase in shale oil and shale gas production has enhanced the supply capacity and simultaneously spurred the development and progress of the petrochemical industry. Data shows that in 2018, the production capacity of newly built ethylene plants in the United States was released in large quantities; Dow Chemical, CPChem, and ExxonMobil each had a production capacity of 1.5 million tons per year, while Indorama’s capacity was 420,000 tons per year. The full report is available on the Haichuan Chemicals Forum app; the sharing code can be downloaded there. 2019 Global Petrochemical Industry Report. Expiration date: 2021-01-07 09:06:42. Sharing code: MEKVS4. Source of the report: Internet, Tonghuashun Finance, China Petroleum and Chemical Industry Federation; compiled by Guanyan Tianxia.