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2/13/24, 3:01 PM Dussur, Baker Hughes Inaugurate Petrolite Chemical Manufacturing Facility | Leaders
sector is witnessing rapid growth. He stressed that those who talk about the
energy transition must accept the reality of today and the future.
The Saudi Minister of Energy explained, during his speech on the sidelines of
the annual GPCA conference held in Doha last December, that the rapid
growth of the petrochemical sector and global demand for petrochemicals
will necessarily be reflected on the volume of demand for hydrocarbons as
raw materials.
“Petrochemicals will stay, and the hydrocarbon sector will continue to
generate income and generate money for investor. Therefore, I would like to
ask our friends who are talking about transformation, to adapt to the data in
their hands, and the available facts today, and for decades to come,” said the
minister.
He pointed out that petrochemicals and their derivatives constitute about
50% of our cars components, including electric ones.
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