The petrochemical industry is an industry branch that produces organic intermediate products such as refinery products, natural gas, plastic, rubber, fiber raw materials. The petrochemicals industry has evolved out of oil and gas processing by adding value to low value by-products, which have limited use in the fuels industry.
The industry now produces a remarkable range of useful products, including plastics, synthetic rubber, solvents, fertilizers, pharmaceuticals, additives, explosives and adhesives. These materials have important applications in almost all areas of modern society. Petrochemical products are used in cars, packaging, household goods, medical equipment, paints, clothing and building material to name just a few of the common applications. Furthermore the industry continues to innovate through new technology and the ability to process different types of raw materials.