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Oil companies are going all-in on petrochemicals – and green chemistry needs help to compete

  • Written by Constance B. Bailey, Assistant Professor of Chemistry, University of Tennessee
Oil companies are going all-in on petrochemicals – and green chemistry needs help to competeA Chevron oil refinery in Richmond, California.AP Photo/Paul Sakuma

Global oil consumption declined by roughly 9% in 2020 as the pandemic reduced business and pleasure travel, factory production and transportation of goods. This abrupt drop accelerated an ongoing shift from fossil fuels to renewable energy.

U.S. government forecasts show that oil...

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