The past few years have seen an increasing number of countries and major companies moving to ban or reduce the use of plastic bags. Now Austin, state capital of Texas, and the 14th largest US city has voted to introduce criminal penalties for any retailer breaking its new law. ICIS’ Joe Kamalick notes that “the […]
Tag Archives | plastic bags
Plastic waste is an issue that doesn’t go away. And, of course, the plastics industry is unfairly blamed for it. After all, the industry does not drop plastic bags on the street, leaving them to go who knows where. Thus the blog welcomes the above spoof documentary from the Santa Monica ‘Heal the Bay’ group. […]
China’s move last month to charge for plastic bags has now been followed by the iconic UK retailer, Marks & Spencer. Whilst the environmental angle is clearly important, the move also represents a reaction to higher oil prices. Plastic bags are not ‘free’ to retailers, and their cost is now escalating. Restricting this cost, whilst […]
Reaction to $100 oil has been swift. Yesterday, the Chinese State Council decided to freeze the prices of oil products, natural gas and electricity, as well as public transportation. A measure of the government’s concern is that the meeting to approve the freeze was attended by premier Wen Jiabao. Chinese inflation is now at 6.9% […]
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Paul Hodges is Chairman of International eChem, trusted commercial advisers to the global chemical industry.
The aim of this blog is to share ideas about the influences that may shape the chemical industry over the next 12 – 18 months. It will try to look behind today’s headlines, to understand what may happen next in important issues such oil prices, economic growth and the environment. We may also have some fun, investigating a few of the more offbeat events that take place from time to time. Please do join me and share your thoughts.
Between us, we will hopefully develop useful insights into the key factors that will drive the industry's future performance.