Chemical Industry

Understanding the future of the chemical and Petrochemical Industry


Any country aiming to turning into a hydrocarbon frontier has a great prospect of a downstream chemical and petrochemical industry. 

On one hand, gas export via pipelines or investing in Liquified natural Gas industry provide sustainable and secure returns, given the dynamics of the oil and gas markets. 

However, the impact assessment of those industries on a social, economic, employment and sector development levels are minimal compared to the effect of the chemical industries.

The oil and gas production invigorate the development of multiple industries including:

  1. Power Generation
  2. Methanol 
  3. Ammonia
  4. Polyamide
  5. Nitric acid
  6. Chemical wood pulp
  7. Fertilizer
  8. Gas-to-Liquids
  9. Cement
  10. Aluminum
  11. Iron and Steel

These industries, provides furthermore the raw material to a multitude of new industries. 

For example, Methanol is used as a feedstock to produce chemicals such as acetic acid and formaldehyde, which in turn are used in products like adhesives, foams, plywood subfloors, solvents and windshield washer fluid. In recent years, the use of methanol in the production of olefins or methanol-to-olefins (MTO) has grown rapidly. Other products produced include methyl tertiary butyl ether (MTBE), a gasoline component that improves air quality, and dimethyl ether (DME), a clean-burning fuel with similar properties to propane.

Citing all industries generated from the downstream processing and upgrading of oil and gas is not needed to understand the effect of a well-founded industrial sector in providing a momentum for the economic prosperity. This includes hundreds of job offers, boosting the circular economy, supporting a dynamic export/import trading system and establishing business relationship with national and international markets.