Benzene is a natural component of crude oil and is a key building block for materials used in many industries. Benzene, Toluene and Xylene are co-products in the distillation process.
Upstream Building Blocks:
Co-Products, also known as by-products and/or waste products, can have a huge impact on a commodity. In the co-product relationship, there is usually an economic driver, which means that production only occurs when the economic driver is in demand. In the Benzene, Toluene and Xylene (BTX) via catalytic reforming accounts for about 50% of benzene production. Fluctuations in demand for Toluene and Xylene can impact availability of Benzene.
Polyethylene Terephthalate (PET)
Bottles and packaging