Episode 1089: Think Tank: New ‘supermajors’ will dominate chemical industry

New 'supermajors' emerging in the chemical industry through record-breaking cracker projects using crude oil to chemicals technology. Low carbon technologies like electric furnaces and CCS being harnessed by these 'supermajors'. Cost-advantaged ethane projects in Abu Dhabi, Qatar, and North America. Disadvantaged regions can invest in hydrogen, CCS, recycling, and renewables. Exploration of the impact of COTC technology on the industry and the need for adaptation and investment in new ethylene capacity, hydrogen, CCS, and waste refineries. Challenges and strategies in the European chemical industry and the shift towards electric vehicles. Importance of expanding the workforce, recycling, and caution against sticking to old methods in the chemical industry.