New technologies key to revamping petrochemicals

What technological drivers will shape the petrochemical industry in the new millennium? Three key trends emerging in the latter part of the current century are likely to influence petrochemical process technologies into the 21st century:Extending the methane-value chain.Alkane-activation technologies.Biotechnology.Besides these technologies, the commercial market situation will also play a role in developing the future petrochemical industry.The petrochemical industry grew to its current prominence largely in the 20th century. Indeed, the bulk of its market penetration and geographic spread from its beginnings in the US, Western Europe, and Japan occurred in the second half of the century...

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