The origins of the petrochemical industry can be traced back to the 1920s when simple organic chemicals such as ethanol and isopropanol were first prepared on an industrial scale from by-products (ethylene and propylene) of oil refining. This oil-based petrochemical industry, with lower olefms and aromatics as the key building blocks, rapidly developed into the enormous industry it is today. A multitude of products that are indispensible to modern day society, from plastics to pharmaceuticals, are derived from oil and natural gas-based hydro carbons. The industry had its heyday in the '50s...