The International Energy Agency (IAEA) announced that petrochemical products will be the largest stimulus for global demand for crude oil in the coming years
The International Energy Agency said: “The production of key thermoplastics (key thermoplastics) will increase by more than two times between 2010 and 2050
According to the latest report by the International Energy Agency, demand for plastic products will lead to the production of petrochemicals by 2030 more than a third of global demand for crude oil. This figure is expected to reach around half of the growth in demand for crude oil by 2050, bringing about seven million barrels a day to demand crude oil by the middle of this century.