Assertion: The petrochemical industry relies on catalytic cracking for ethylene production.
Comparison and reasoning: thermal cracking is the decomposition of long-chain hydrocarbons to smaller-chain hydrocarbons under high temperatures without air. This is an expensive process due to the amount of energy required (high temperatures) and inefficiency as these long-chain hydrocarbons are splitted at random intervals yielding unpredictable products.
In contrast, catalytic cracking is an alternative and more desired as it uses a catalyst (zeolite) which lowers the activation energy thereby increasing reaction rate. As a result, lower temperatures can be used (lesser energy requirements), which makes the process less costly. Furthermore, this form of 'cracking' is more consistent and therefore produces what we need: ethylene.
Conclusion: catalytic cracking is the answer!
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This seems like a good general knowedge question so I did a quick Google search of 'catalytic cracking vs thermal cracking', picked out 3 sources and summarised above.