One must keep in mind that the chemical industry and the nation of Japan as a whole are fully dependent on vast reserves of overseas petroleum and petroleum byproducts. But don’t let that fact be mistaken for a soft underbelly for petroleum-dependent industries and refineries here.
For many years into the future, according to one of my chemical industry sources, this industry will thrive because there is no affordable, viable substitute for oil. Whether or not prices double, triple or quadruple for petroleum, demand for petroleum-based finished products will continue unabated.
The manufacturing industries in Japan will of course gradually pass on these increased costs to the consumers. Yet our huge appetite for products such as computers and i-Pods, produced with giant gulps of oil, will continue unabated.
Notably, Japan’s chemical industries are now developing several cutting-edge processes to reduce oil consumption during the production of semi-finished and finished products. These innovations will offset price fluctuations triggered by rapid rises or falls in oil futures.
Oil-saving breakthrough technologies and devices will bring huge profits to private/public researchers or research corporations in Japan. To learn more about the chemical industry vision, please CLICK HERE. If you have ideas, I believe the domestic industry will await you with open arms.
However, here is a report that might adversely effect the industry…..
Great resource: Japan Association for International Chemical Information
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