Chemicals & manufacturing sectors lead industrial energy demand growth

The industrial sector consumes close to 90 percent as much energy and electricity as the transportation and residential/commercial sectors combined, ExxonMobil said in its 2013 report “The Outlook for Energy: A View to 2040”.

It said about 90 percent of the increase in industrial energy demand will come from two subsectors: heavy industry and chemicals. Heavy industry – which includes the manufacture of steel, iron and cement – will grow around 35 percent.

The chemicals subsector is the fastest-growing area, with demand growing more than 50 percent, largely due to increased demand for plastics and other advanced products.

Read more: http://www.saudigazette.com.sa/index.cfm?method=home.regcon&contentid=20130331159208