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Boom in petrochemicals demand guaranteed but we must grow sustainably

JOHN RICHARDSON | June 3, 2021

ONE OF THE GREATEST achievements of the last 30 years has been the fall in the number of people living in extreme poverty.In 1999, 1.9bn of the world’s population were living on less than $1.90, the Word Bank’s definition of extreme poverty. Despite setbacks caused by the pandemic, this had fallen to 698m by October 2020.

Income levels alone are not enough to escape the life-threatening agony of extreme poverty. There is no point in having money if the essential goods and services to spend your money on are not available.
Critical to poverty alleviation has been sufficient supply of all the things that people in the rich world take for granted. The raw materials to make the vast majority of manufactured goods include petrochemicals and polymers.

Nearly all the major manufacturing chains would not have been able to function without petrochemicals.
Think of medical equipment, syringes, blood bags, hospital gowns, face masks, pill bottles and medicine blister packs. None of the above could have been produced without petrochemicals.

As people emerged out of extreme poverty and as economies became wealthier, modern-day medical services became more widely available.

Spotlight

Petkim

Petkim, one of the most popular corporations in our country, is indispensable raw-material producer of the industry with its product range of more than 50 products. Its petrochemical products are important input of construction, electricity, electronic, packaging, textile also medical, dying, detergent and cosmetic sectors.

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