Established across a vast range of modern products, petrochemicals are part of the fabric of our societies. Clothing, tyres, digital devices, packaging, detergents, and countless other everyday items are made from petrochemicals. Petrochemical feedstock accounts for 12% of global oil demand, a share that is expected to increase driven by increasing demand for plastics, fertilizers and other products. Petrochemical industry also includes various types of polymers and elastomers and is now an integral part of the refining industry. It is highly capital and energy intensive as well as dependent on demography of the area in terms of feedstock availability. In spite of that, it is the one of the fastest growing industries and the companies with secured feedstock have competitive advantage, therefore, hold the commanding position. However, the industry’s landscape is being shaped by shifts in end-market demand, changes in feedstock dynamics, overcapacity, increasing regulatory fo...