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Some Updated Answers On Deciding Upon Indispensable Elements In Training

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Lund University But in the 1950s, the industry sadly went a different way, as the breakthroughs US firms had made in petroleum processing during the war quickly spread around the globe with the help of re-industrialisation aid schemes such as the Marshall plan. This led to the era of petrochemicals, with the industry recording double digit growth during the 1960s and 1970s. Since then, the industry has expanded into using natural gas, leading to the recent turn towards using gas condensates, such as ethane from fracking. For more than 150 years, the chemical and fossil fuel industries have fostered a particularly special relationship . Plastics and other chemicals are today almost exclusively produced from oil and gas (and in China still coal previous to some degree). The largest companies producing plastics are often subsidiaries of international oil and gas companies, such as Shell (Netherlands/UK) and ExxonMobil (US), or of national oil companies, such as Sinopec (China) or SABIC (Saudi Arabia). Other firms in the industry have started by producing plastics and chemicals before acquiring oil and gas infrastructure, such as INEOS (UK) and Reliance (India). The firms in the industry rely on licensing technologies developed by global technology suppliers, such as Honeywell, who see chemicals production as a cornerstone for this developing the “ refinery of the future ” – further cementing the connection to fossil fuels. Although several bio-based plastics have been developed, they still make up less than 1% of the market, which is still completely dominated by the fossil-based plastics. Plastics therefore suffer from a severe case of “ carbon lock-in ” – a dependence on fossil fuel resources which is continually reinforced through technology, infrastructure, institutions and behaviour.

https://theconversation.com/oil-companies-are-ploughing-money-into-fossil-fuelled-plastics-production-at-a-record-rate-new-research-169690