Petrochemicals – of which plastics are the dominant output – now account for roughly 75% of net global oil-demand growth, and are projected to become the largest driver of future oil demand. Plastic production has already doubled in the past two decades. Major oil companies are responding accordingly. Recent consolidation – including a $60bn merger creating one of the world’s largest plastics producers – reflects a deliberate pivot toward petrochemical assets as a long-term demand anchor.
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His industry accolades include five Grammy awards, induction into both the UK Music Hall of Fame and the Rock and Roll Hall of Fame - both with Black Sabbath and as a solo artist, in separate years - and the Ivor Novello Award for Lifetime Achievement, with Black Sabbath.