29 March 2010 01:19 [Source: ICIS news]
SAN ANTONIO, Texas (ICIS news)--Climate change is either “the greatest opportunity or the death knell” for the US petrochemical industry, Charles Drevna, president of the National Petrochemical and Refiners Association (NPRA), said on Sunday.
“It all depends on what government policies are adopted. Let the markets drive innovation and not have government create the winners and losers,” he said at a press conference at the International Petrochemical Conference (IPC).
Drevna said he was firmly against the efforts by the ?xml:namespace>
However, the trends towards renewable energy and energy efficiency could provide opportunities for the industry, according to the NPRA.
“You can’t build windmills without chemicals. We have the opportunity to find solutions, but we can’t have that inhibited by government policy,” said James Cooper, vice president, petrochemicals for NPRA, at the press conference.
Petroleum will continue to play a dominant role in the energy and product mix in the next 20-40 years, said Drevna.
“The global population will rise from around 6-7bn, to 9bn in 30 years, and we must be able to provide the energy and products to meet their demands. You can’t wave a magic wand and switch away from petroleum,” he said.
“Wind, solar and biofuels are not alternatives, but supplements to petroleum and will be supplements for a long time,” he added.
Hosted by the National Petrochemical & Refiners Association (NPRA), the IPC continues through Tuesday.
To discuss issues facing the chemical industry, go to ICIS connect
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections