Companies in the petrochemical industry manage the operations and processes that transform crude oil and other raw materials into chemical products. There are two major categories of petrochemical companies:
companies that refine oil and other raw materials and convert them into basic chemicals such as ethylene; and
companies that use these basic chemicals to create materials that can then be used in other industries to produce finished products, such as plastics, detergents, paints, fertilizers, polyester, etc.
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