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Chemicals production relies on oil and natural gas

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Chemicals production relies on oil and natural gas

  • Feedstock comprises about two-thirds of chemicals energy demand; fuel one-third
  • Oil and natural gas account for about 75 percent of chemicals energy demand today, and nearly all of the growth from 2016 to 2040
  • Naphtha and natural gas liquids are primarily used as feedstock; natural gas is used as both a feedstock (notably for fertilizer) and a fuel
  • Natural gas liquids consumption about doubles from 2016 to 2040, as unconventional oil and natural gas production in the United States expands supply
  • Naphtha remains the dominant feedstock in Asia; the Middle East relies on natural gas liquids and natural gas
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