Paris pact: boon and bane for petrochem

Singapore

WHILE the Paris climate change agreement reached last year will have a strong impact on the petrochemical industry in reducing its carbon emissions, it will also drive petrochemical demand, said major players on Friday.

"As a chemical industry, we provide solutions," said Olivier Thorel, vice-president at Shell Chemicals. "As the world focuses on responding to the energy transition, we see a variety of solutions coming through, and each of these solutions will require some kind of innovation from the chemical industry."