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Oil, gas and electricity fuel industrial growth

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Oil, gas and electricity fuel industrial growth

  • Industry uses energy both as a fuel and as a feedstock for chemicals, asphalt, lubricants, waxes and other specialty products
  • Industrial fuel powers boilers, motors, compressors, robots, forklifts and cranes
  • Oil, natural gas and electricity each contribute about one-third of industrial energy growth; oil growth is mostly due to its use as a chemical feedstock
  • Use of coal and oil as industrial fuels declines in favor of natural gas and electricity, as companies strive to reduce their direct emissions
  • Coal continues to play a role in steel and cement manufacturing
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