Top Ten International Petrochemical News in 2021

Global petrochemical companies recover strongly

In 2021, with the global administration of the new crown pneumonia vaccine, countries generally relax their epidemic prevention policies, and the economies of various countries rebound strongly relative to 2020

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Pressure on the shipping industry soars

In 2021, affected by the recovery of international trade and the substantial increase in shipping demand, the contradictions in the transportation side of the supply chain will be prominent, which will have a serious impact on the petrochemical industry

Global oil and gas prices soar

Global demand for oil and gas has soared as countries eased coronavirus lockdowns

Global fertilizer prices hit a 12-year high

　　In mid-2021, the global grain planting area will increase, the demand for fertilizers will increase, and the new supply will decrease, resulting in a surge in global fertilizer prices

　　European Parliament passes bill on Carbon Border Adjustment Mechanism (CBAM)

　　On March 10, the European Parliament voted to pass the "Carbon Border Adjustment Mechanism" (CBAM) motion, which brings the EU one step closer to the official implementation of carbon tariff policy in 2023

　　Oil giants accelerate new energy investment

　　In 2021, as countries strengthen environmental protection, environmental pressure on oil majors will intensify, forcing them to make more transformations

　　The largest oil pipeline in the United States is "hacked"

　　On May 10, a major "black swan" event occurred in the United States

　　Internationalized enterprises accelerate transformation

　　In 2021, international enterprises will accelerate the transformation process

　　Covid-19 variant disrupts petrochemical recovery

　　In 2021, the COVID-19 situation is still changing