What are Petrochemicals ?

Petrochemicals are the synthetic compounds which are derived directly or indirectly from the hydrocarbons present in crude oil & natural gas. Petroleum is a complex mixture which is found entrained in subsurface rocks by the decomposition of fossils. It may contain one or more carbon atoms into which hydrogen atoms are attached. This journey of transformation from raw crude or gas to the user centric petrochemical product involves various complex steps. As per EIA in 2019, the US has used around 27 % of its total petroleum consumption, as petroleum product.

Due to the COVID-19 pandemic the imposition of lockdown and travel restriction all over the world has hampered the petrochemical industry too. The demand and supply both have declined due to less consumption in end use industries and limited demand from the travel sector.


The website https://kalkinemedia.com/au is a service of Kalkine Media Pty. Ltd. (Kalkine Media) A.C.N. 629 651 672. The principal purpose of the content on this website is to provide factual information only and does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) or engage in any investment activity under discussion. We are neither licensed nor qualified to provide investment advice through this platform. In providing you with the content on this website, we have not considered your objectives, financial situation or needs. You should make your own enquiries and obtain your own independent advice prior to making any financial decisions.
Some of the images that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed on this website unless stated otherwise. The images that may be used on this website are taken from various sources on the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image. The information provided on the website is in good faith, however Kalkine Media does not make any representation or warranty regarding the content, accuracy, or use of the content on the website.


We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK