This study discusses the effect of uncertainty on production levels of a petrochemical complex. Uncertainly or variations in some model parameters, such as prices, supply and demand of materials, can affect the optimality or the efficiency of any chemical process. For any petrochemical complex with many plants, there are many sources of uncertainty and frequent variations which require more att...

This study discusses the effect of uncertainty on production levels of a petrochemical complex. Uncertainly or variations in some model parameters, such as prices, supply and demand of materials, can affect the optimality or the efficiency of any chemical process. For any petrochemical complex with many plants, there are many sources of uncertainty and frequent variations which require more att...

The chemical and petrochemical industries produce a wide variety of products that are essential for modern industrialized societies. Chemicals are the building blocks for products that meet fundamental needs for food, health, and consumer products. Chemicals are also essential to wide range of industries such as pharmaceuticals, automobiles, textiles, furniture, paint, paper, electronics, agric...

While the relationship between stock market return and oil price is of great interest to researchers, previous studies do not investigate stock market return with petrochemical products market. In this paper, we analyzed the relationship between prices of main petrochemical products and stock returns of petrochemical companies in Tehran stock exchange. Using a panel data model and GLS estimatio...

The petrochemical industry is a large and complex industry that contributes heavily in the economy of many Middle-East countries. It is an industry that needs strategies for different aspects of planning and production. This work presents the main strategies that must be considered for the petrochemical industry together with the corresponding tools. The strategies are presented in the field of...

Petrochemical-based plastics are widely used in modern society due to their high effective mechanical and barrier properties (Farris et al., 2009; Siracusa et al., 2008). However, petrochemical-based plastics have become an environmental concern as they are not biodegradable or recyclable. Replacing the petrochemical-based polymers with biopolymers which are renewable has become an attractive i...