|
The US petrochemical industry is an indispensable part of the manufacturing and consumer sectors, churning out products such as fiberglass, tires, paint, plastic, rubber, detergents, dyes, fertilizers, textiles, solvents, and more.
Petrochemical Sector: Quick Facts
- The US petrochemical industry has held the No.1 position for global production and exports for decades.
- The petrochemical industry is responsible for 70% of the chemical industry’s expenditures on fuels and 40% of the expenditures on electricity.
- An energy-intensive industry, the growing cost of fuel and energy has currently reduced its global competitiveness.
|
