Category: Anchorage Investments
Between chemicals and petrochemicals: who’s who
There is a huge difference between both worlds. So, let's explore it together and mention the difference between chemicals and petrochemicals. Chemicals Petrochemicals Definition Chemicals are classified into 2 key categories: Unprocessed and manufactured chemicals. The unprocessed chemicals are those found in nature and haven't changed their basic composition. The...
Why petrochemical industry is called sunrise industry?
Ever wondered why petrochemical industry is called sunrise industry? The term was coined to represent the fast-growing businesses that embrace promising futures due to consumers' mounting demand. In addition to petrochemicals, the term refers to other blooming industries like food processing, space tourism, and online encyclopedias. The urging need for...
The Significant Importance of The Petrochemical Industry
The petrochemical sector has remained critical for our modern society. The significant importance of the petrochemical industry lies in generously feeding a myriad of business segments, hence, availing thousands of compelling job opportunities, contributing to gross domestic product (GDP), and generating lucrative revenues for any manufacturing nation worldwide. The downstream...
Petrochemicals Industry vs. Oil and Gas
The petrochemicals industry vs. oil and gas became an inquiry frequently asked by the masses. Despite being closely related, the oil and gas industry represents the upstream phase with its exploration, drilling, extraction, and early production stages. On the other hand, the petrochemicals industry represents the downstream phase, where petroleum...
The Petrochemicals Industry and The Climate Change
Since the Industrial Revolution, the ill-conceived manufacturing practices have heavily contributed to the global warming and climate change we are gravely suffering today. Combusting huge amounts of non-renewable energy resources; like coal, natural gas and crude oil, have destructively affected the environment and generated greenhouse gases. Tackling the petrochemicals industry...
Introducing The Petrochemicals Industry and The Petrochemical Products
Petrochemicals; is a term widely used across the preceding centuries to represent the solid foundation upon which many vital industries emerged. Introducing the petrochemicals industry and the petrochemical products, almost all our daily-used end merchandises are petrochemical-based. That's why the world's mega manufacturing countries primarily count on that lucrative industry...