Plastics to drive growth for Middle Eastern oil company ADNOC
As the energy transition progresses, demand for petrochemicals is expected to drive oil demand growth.
ADNOC’s acquisition of German company Covestro reflects a strategic focus on petrochemicals, gas, renewables, and low-carbon fuels.
Petrochemicals remain essential in various sectors, making oil companies’ investments in this area a hedge against declining road transport oil use.
As the energy transition progresses, demand for petrochemicals is expected to drive oil demand growth.
ADNOC’s acquisition of German company Covestro reflects a strategic focus on petrochemicals, gas, renewables, and low-carbon fuels.
Petrochemicals remain essential in various sectors, making oil companies’ investments in this area a hedge against declining road transport oil use.
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