Last updateTue, 18 May 2021 6pm

End-User News

Greater Demand for Plastics a Boon for Petrochemical Industry

“Rising U.S. energy production is providing vast amounts of affordable feedstock for PVC and polyethylene plastic resin production, and producers worldwide are taking notice. The demand is there as well—global demand for petrochemical feedstock is forecast to rise to nearly 18 million barrels per day by 2050.”

According to the Greater Baton Rouge Business Report, “energy companies are investing billions of dollars in the petrochemical sector, with the heaviest concentrations along the Gulf Coast.”

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