HOW TO SUSTAIN PETROCHEMICAL INDUSTRY GROWTH

October 17, 2019

The growth in demand for petrochemical products implies that petrochemicals are set to account for over a third of the expansion in oil demand to 2030, and nearly half by 2050, through trucks, aviation, and shipping. Petrochemicals also are poised to consume a further 56 billion solid meters of fossil fuel by 2030, corresponding to regarding half Canada’s total gas consumption nowadays. After twenty years of stagnation and decline, the U.S. has come back to prominence as an affordable region for chemical products due to the sedimentary rock gas revolution. Today, U.S. is home to around 40% of the world’s ethane-based organic compound production capability. However, the center-east remains the low-value champion for key petrochemicals. To achieve a sustainable chemical sector, the knowledge domain approach is required throughout the value chain – from primary chemical, production to waste management.

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Carroll Company

Carroll Company was founded in 1921 and we've been serving the needs of the sanitary supply trade ever since. With three manufacturing locations we have the ability to deliver identical product efficiently across North America. We also provide single sourcing of quality, innovative, and effective products in all packaging options (liquids, aerosols, powders, and bag-in-box hand soaps), with the Industry's Broadest Product Line.

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