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Petrochemical Industry

Petrochemicals are chemical products made from raw materials of petroleum or other hydrocarbon origin. Although some of the chemical compounds that originate from petroleum may also be derived from coal and natural gas, petroleum is the major source. The largest petrochemical industries are to be found in the USA and Western Europe, though the major growth in new production capacity is in the Middle East and Asia. There is a substantial inter-regional trade in petrochemicals of all kinds. World production of ethylene is around 110 million tons per year, of propylene 65 million tons, and of aromatic raw materials 70 million tons.