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The Times

Too valuable to burn? Chemical and plastic industries will rely on oil far longer than motorists

  • Written by Mehdi Seyedmahmoudian, Professor of Electrical Engineering, School of Engineering, Swinburne University of Technology
Too valuable to burn? Chemical and plastic industries will rely on oil far longer than motoristsJan Zakelj/Pexels, CC BY-NC-SA

Every year, the world uses roughly 37 billion barrels of oil. Most is burned to power cars, trucks, planes, ships and other types of transport. For more than a century, this energy-dense hydrocarbon has shaped the modern world, from geopolitics to electricity systems.

But this dependence on oil for transport comes...

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