Crude Oil to Chemicals technology: a revolution for the petrochemicals industry
The energy transition being implemented around the world is expected to bring about the reduction of fossil fuel reliance in exchange for additional renewable and clean sourced energy in the coming years. This new direction has been brought on even quicker with the coronavirus impact on oil prices, paving the way for renewable activity. With that in mind, petrochemicals are expected to quickly become the most significant driver of global oil demand, ahead of trucking, aviation, and shipping usage. Refiners are looking to integrate petrochemical activity into their production in a big way. Crude-oil-to-chemicals (COTC) projects will be a powerful tool for refiners looking to maximize che
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