Polyethylene and plastics have become a mark of petrochemicals for the common man. However, as far as the industry is concerned, the chemicals produced from petroleum products (naphtha, natural gas, and coal among others) are commonly termed as petrochemicals. Traditionally, the market has been heavily dependent on crude oil naphtha for production of petrochemicals, while other options were posing financial challenges. However, in past two decades, changing global scenarios have shown the profitability balance shifting and moving towards other petroleum options. Crude oil prices variation, shale gas exploration, and natural resources availability coupled with ease of extractions have played shaping this trend at macro level.
The players in the industry are adapting to the changes while keeping themselves afloat and adding value to consumer products. The companies are embracing technological changes and making relevant improvisations. The production companies in different regions are continuously evolving to adapt to their available limitations and yet remain competitive in the fast-changing global market. Our in-house experts and industry participants are continuously gathering information and bringing different solutions to a single platform for our customer’s advantage.
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