At the 2020 ADI Forum, Horace Hobbs, Chief Economist at Phillips 66, discussed the oil industry’s move towards chemicals amid declining fuel demand. He highlighted the trend of converting refineries into petrochemical hubs, with companies like Reliance focusing on olefins and aromatics. Plastics and chemicals offer more stable demand as major players like ExxonMobil and Saudi Aramco invest in crude-to-chemicals projects.
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ADI is a prestigious, boutique consulting firm specializing in oil and gas, energy, and chemicals since 2009. We bring deep expertise in a broad range of markets where we support Fortune 500, mid-sized and early-stage companies, and investors with consulting services, research reports, and data and analytics, with the goal of delivering actionable outcomes to help our clients achieve tangible results.
We also host the ADI Forum that brings c-suite executives together for meaningful dialogue and strategic insights across the oil & gas, energy transition, and chemicals value chains. Learn more about the ADI Forum.
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