LONDON (ICIS)--BP’s decision to sell the bulk of its petrochemicals assets raises questions over the narrative of the sector as a saviour for the oil and gas industry, as some players start to look beyond the hydrocarbon era.
- Peak oil demand may have been reached last year
- Oil majors may be starting to look beyond fossil fuels toward post-hydrocarbon industry drivers
- Trend toward zero-emissions regulation may leave sectors such as recycling more attractive
- Rise in coronavirus infection rates raise fears for industry
- China may become a polypropylene (PP) exporter in the next few years
- Pandemic may drive supply chain reshoring as manufacturing reinvents itself
- Protracted period of energy oversupply undercuts the idea of cost-advantaged feedstocks.
Listen to this podcast interview with Paul Hodges, chairman at consultancy International eChem; John Richardson, ICIS Senior Consultant, Asia; ICIS Insight Editor Nigel Davis.
Front page picture: BP's logo above a
trading post on the floor of the New York Stock
Source: Richard Drew/AP/Shutterstock
Podcast interview by Tom Brown
Read more analysis of chemical market trends in this week's ICIS Chemical Business.
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