The global movement to ditch fossil fuels is largely focused on transport and industry, but the petrochemical industry will need fossil fuels for decades to come. The value of the petrochemical market ...

SEOUL, Aug. 17 (Yonhap) -- The government is set to announce policy measures to restructure the struggling petrochemical industry, which has been hit hard by a global oversupply, officials said Sunday ...

As far as the petrochemical industry is concerned, the recession is here. Consumers faced with inflation have reduced spending on unnecessary goods such as toys, clothes and iced coffee made and ...

On Wednesday, government officials announced that ten South Korean petrochemical companies have reached an agreement to restructure their operations. This will involve significant reductions in their ...

Fewer still will be aware that a significant slice of the IRA funding is not going to projects for wind or solar or batteries or hydrogen development. Millions of IRA dollars are in fact going to fund ...

The petrochemical industry produces products of tremendous value through labor-intensive and complex processes. Any unexpected production equipment failure may result in production shutdown and ...

Decades before the Petroleum Industry Act (PIA) was enacted in August 2021, the country’s oil and gas exploration sector faced significant challenges due to unclear rules, changing policies and low ...

As Iran marks the 8th of Dey, the National Day of the Petrochemical Industry, the sector stands as a towering testament to the nation's industrial ambition and a cornerstone of its non-oil economic ...

The petrochemical industry has spent the past few years hard at work lobbying for state-level legislation to promote “chemical recycling,” a controversial process that critics say isn’t really ...

October 2004 The petrochemical industry represents a cornerstone in the diversification drive that Saudi Arabia launched primarily for the purpose of reducing the heavy reliance of the national ...