Let us take a moment to look around.
Perhaps, as you’re reading this, you could be at home, in the office, or even travelling. Most things, if not everything, that you can see, touch, and consume have petrochemicals. They are found in a variety of products, ranging from fertilisers to food packaging, from paints to printing inks, and from vitamins to soaps, shampoos and even cosmetic products. Every day, we consume products that contain petrochemicals. They play a major part in modern living.
Global consumption of petrochemicals is projected to rise as demand for plastics, textiles, automobile, healthcare, food and agriculture continues to rise. Asia-Pacific is expected to be the main growth driver as the region becomes increasingly affluent. This augurs well for the region’s petrochemical industry over the long term.
In this article, I’ll be covering Petronas Chemical Group Berhad (Bursa: 5183). It is the leading integrated chemicals producer …