Any of a large number of chemicals made from petroleum or natural gas. Important petrochemicals include benzene, ammonia, acetylene, and polystyrene. Petrochemicals are used to produce a wide variety of materials, such as plastics, explosives, fertilizers, and synthetic fibers.
petrochemical
Cultural
Any material made from substances found in oil or natural gas. Most plastics are petrochemicals.
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Treasury Department’s Office of Foreign Assets Control said Thursday it is sanctioning key leaders in Iran, including those who help launder proceeds from sales of Iran’s petroleum and petrochemical abroad.