PETROCHEMICAL SUBSIDIARY Meaning and
Definition
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A petrochemical subsidiary refers to a separate company or division that operates within or is under the control of a larger parent company, specifically in the realm of petrochemicals. Petrochemicals are chemical products derived from petroleum or natural gas, which are essential raw materials for a wide range of industrial and consumer goods.
A petrochemical subsidiary typically focuses on the production, refining, and distribution of petrochemical products. These products may include plastics, fertilizers, solvents, synthetic fibers, detergents, and various other chemical compounds used in manufacturing processes. The subsidiary operates with the primary objective of manufacturing and selling petrochemical-based products, which are either used as intermediate materials by other industries or are directly consumed by end-users.
The petrochemical subsidiary is usually a strategic expansion or diversification for the parent company, which may be primarily engaged in upstream operations such as oil and gas exploration or downstream activities like refining and marketing petroleum products. By establishing a subsidiary dedicated to the petrochemical sector, the parent company can capitalize on its existing expertise, infrastructure, and resources, while also penetrating and benefiting from the profitable petrochemical market. The subsidiary often functions with its own management team, organizational structure, and financial records, allowing for more focused operations and improved efficiency in the petrochemical business segment.
Common Misspellings for PETROCHEMICAL SUBSIDIARY
- oetrochemical subsidiary
- letrochemical subsidiary
- 0etrochemical subsidiary
- pwtrochemical subsidiary
- pstrochemical subsidiary
- pdtrochemical subsidiary
- prtrochemical subsidiary
- p4trochemical subsidiary
- p3trochemical subsidiary
- perrochemical subsidiary
- pefrochemical subsidiary
- pegrochemical subsidiary
- peyrochemical subsidiary
- pe6rochemical subsidiary
- pe5rochemical subsidiary
- peteochemical subsidiary
- petdochemical subsidiary
- petfochemical subsidiary
- pettochemical subsidiary
- pet5ochemical subsidiary
Etymology of PETROCHEMICAL SUBSIDIARY
The etymology of the word "petrochemical" can be broken down as follows:
- "Petro-" is derived from the Greek word "petra" meaning "rock" or "stone". It originally referred to petroleum, which is a naturally occurring liquid mixture of hydrocarbons found in rocks.
- "-chemical" comes from the Greek word "khemia" meaning "art of transmuting metals", which later evolved to refer to the study and production of chemicals.
The word "subsidiary" is derived from the Latin word "subsidiarius", which means "subject to" or "provided as support". It implies a secondary or subsidiary company owned or controlled by a larger parent company.
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