Americas target petrochemicals
The region is playing a more prominent role in global petrochemical capital investments
The global petrochemical sector continues to expand exponentially as developing nations' demand for petrochemical/chemical products continues to increase. In its Oil 2018 report, the International Energy Agency (IEA) forecasts that approximately 25pc of the increase in oil consumption to 2023—nearly 1.7mn bl/d—will be from demand for petrochemical feedstocks. Growing demand centres in the Asia-Pacific region will be met by billions of dollars of new petrochemical production capacity in Asia, the Middle East and—crucially—North America. These three regions are investing heavily to boost petrochemical processing capacity to satisfy demand, and the US and the Middle East will export products to
Also in this section
1 April 2026
Golden Pass’s startup offers QatarEnergy a timely boost but may also force a difficult choice between honouring disrupted contracts and capitalising on soaring spot LNG prices
1 April 2026
It is not a case of if or when, but the length and magnitude of economic damage from elevated oil prices
1 April 2026
The US-Iran conflict demonstrates the need for diversification in several senses of the word. It also exposes the limits of Washington applying pressure on major oil and gas producers it considers geopolitical adversaries
31 March 2026
Disappointing results in its bidding round are a reality check for Libya, and global exploration generally
