Crude to chemicals: there will be naphtha?

Oil markets are transitioning, with electric vehicles displacing 20Mbpd of gasoline by 2050, while petrochemical demand rises by almost 10Mbpd. So it is often said oil refiners should ‘become chemicals companies’. It depends. This 18-page report charts petrochemical pathways and sees greater opportunity in chemicals that can absorb surplus BTX.

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