IMPACTS OF PETROCHEMICAL INDUSTRY

Petrochemical EngineeringChE 543

PETROCHEMICAL INDUSTRY

The petrochemical industry has started to develop in the second half of the 20th century and has become one of the foundation stones of the modern economy in the last fifty years due to its extremely wide product range and application field.

SOCIO-ECONOMIC BENEFIT

1. Employment2. Contribution to Government Revenues3. Foreign Exchange Reserve4. Contribution to Energy Supply5. Local Expenditure on Goods and

Services6. Contribution to Gross Domestic Product

Employment

Contribution to Government Revenues•The payment of substantial revenues to

the government is another aspect of petroleum industries to the economy.

Foreign Exchange Reserve

Contribution to Energy Supply

Local Expenditure on Goods and Services

Contribution to Gross Domestic Product

ENVIRONMENTAL IMPACT

1. Spills and Seeps2. Air Pollution3. Global Warming/Climate Change4. Waste Oil

Spills and Seeps

Air Pollution

Global Warming/Climate Change

Waste Oil