Plastic, Chemical Industries' Dependence On Oil To Linger For Much Longer

(MENAFN- Investor Brand Network) Plastic and chemical industries will stay hooked on oil long after the transport sector has largely moved on, and their appetite for it is growing rather than shrinking. Electric vehicles are steadily eroding one of oil's biggest markets, but a separate industrial demand is quietly expanding to replace it.

As entities like GeoSolar Technologies Inc. work to bring more products onto the market with the aim of displacing fossil fuels in applications like home heating and cooling, a time may come when only a few...

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