Crude oil-to-chemicals projects presage a new era in global petrochemical industry

DEWEY JOHNSON | August 6, 2018

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Several crude oil-to-chemical (COTC) projects being planned or started in Asia and Saudi Arabia threaten to reshape the global petrochemical industry in the coming years. COTCs configure a refinery to produce maximum chemicals instead of traditional transportation fuels. Since refinery processing capacity is approximately 10 times higher than the current world-scale petrochemical plants, COTC in effect raises petrochemical production to an unprecedented refinery scale.

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Amgen is committed to unlocking the potential of biology for patients suffering from serious illnesses by discovering, developing, manufacturing and delivering innovative human therapeutics. This approach begins by using tools like advanced human genetics to unravel the complexities of disease and understand the fundamentals of human biology. Amgen focuses on areas of high unmet medical need and leverages its expertise to strive for solutions that improve health outcomes and dramatically improve people's lives. A biotechnology pioneer since 1980, Amgen has grown to be one of the world's leading independent biotechnology companies, has reached millions of patients around the world and is developing a pipeline of medicines with breakaway potential.

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