The idea that the energy transition to an energy system dominated by wind and solar power appears to be at odds with the idea of an oil and gas refining industry. Yet this is a superficial contradiction: wind and solar cannot exist without oil and gas refining. Now, Chinese refiners are taking advantage of this fact.
Reuters reported this week that petrochemicals producers in the Asian nation were investing tens of billions to expand their production capabilities for high-end products used in the wind and solar industries. Private and…Asian Refiners Pour Billions Into ‘Transition’ Petrochemicals
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