Petrochemicals – of which plastics are the dominant output – now account for roughly 75% of net global oil-demand growth, and are projected to become the largest driver of future oil demand. Plastic production has already doubled in the past two decades. Major oil companies are responding accordingly. Recent consolidation – including a $60bn merger creating one of the world’s largest plastics producers – reflects a deliberate pivot toward petrochemical assets as a long-term demand anchor.
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Video footage showed the plane on the ground and badly damaged vehicles. In other videos, people could be seen running away from the tear gas and police officers, some holding shields, forming a line. Some in the crowds are seen throwing rocks.