The Covid-19 pandemic and the responses to it have had a pronounced impact on the global economy. Major consuming sectors for petrochemicals, including cars and appliances, construction and textiles, have suffered a slump in demand. The production outputs of petrochemicals also vary across regions and countries, with the Gulf Cooperation Council (GCC) countries and China the least affected. Slowed economic growth, increased price volatility of feedstocks, intensified geopolitics and trade barriers, growing concern over health, safety and environment (HSE) standards, among other disrupters, are driving changes in the petrochemical industry.
The Future of the Petrochemicals Industry and Sino-Saudi Cooperation
- Initiative Productivity and Economic Diversification
- Type Workshop brief
- Date 14th February 2021
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