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Plastics for the Future

Crude oil as a fuel and a feedstock

  • 3 things to know
  • AS 1

Overview

Crude oil as an industrial feedstock, rising plastic production, petrochemical demand, oil prices and supply security for the plastics industry, the uses of plastics, emerging economies, and whether plastics are an efficient use of oil.

What you need to know

Answer each one before you reveal it.

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Key term

Why is the world's reliance on crude oil for both fuel and feedstock significant?

Key term

What is meant by an industrial feedstock?

Key term

Which single use of crude oil is the largest outside the energy and transport sectors?

Questions from this subtopic

Each one with the model answer underneath.

  1. 1

    Why is the world's reliance on crude oil for both fuel and feedstock significant?

    Model answer

    Almost every economy depends on oil to move goods and people and to make materials. A cut in oil supply raises the cost of transport and of plastic goods at the same time.

  2. 2

    What is meant by an industrial feedstock?

    Model answer

    A feedstock is a raw material fed into an industrial process to be converted into other products. Naphtha and refinery gases are the main feedstocks of the plastics industry.

  3. 3

    Which single use of crude oil is the largest outside the energy and transport sectors?

    Model answer

    The manufacture of plastics consumes more crude oil than any other use apart from fuels for energy and transport. Most plastics are made from chemicals derived from oil and natural gas.

  4. 4

    Describe the trend in global plastic production.

    Model answer

    Global plastic production has risen almost every year since mass production began in the 1950s. Output continues to grow, with the fastest growth now in Asia.

  5. 5

    What did the International Energy Agency report in 2018 about petrochemicals and oil demand?

    Model answer

    The International Energy Agency's 2018 report The Future of Petrochemicals found petrochemicals account for about 14% of global oil demand. The report expected petrochemicals to drive over a third of oil demand growth to 2030.

  6. 6

    Why does dependence on imported oil feedstock make a plastics industry vulnerable?

    Model answer

    A plastics industry that imports its feedstock is exposed to price shocks and supply cuts it cannot control. Recycled and bio-based feedstocks can be produced closer to home.

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