Tag Archives | plastics

Saudi lets ‘market decide’ on oil prices to maximise local jobs

I was kindly invited last week to give a keynote address at the annual ME-TECH conference in Dubai.  Naturally, there was intense interest in my argument that oil prices were most unlikely to recover to the $100/bbl level. Instead, I suggested they would likely return to their long-term historical average of $33/bbl (in $2014).  And I argued that this would be good news […]

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Turkish plastics markets see imports fall for first time since 2008

Turkey is the blog’s “go-to” market when it wants to confirm trends in global markets.  The reason is that Turkey has a very successful downstream industry, but has failed to invest in upstream capacity.  This means it is essentially an opportunistic market from a sellers’ viewpoint. During good times, exporters will only divert product from […]

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Global chemical operating rates remain well below SuperCycle levels

The latest American Chemistry Council report on global production shows output was up 3% versus September 2012, and just 18% above average 2007 levels.  There was a mixed picture in the main Regions: Asia-Pacific was strongest, up 5.9%, with Japan accelerating as the weak yen helped its exports The Middle East continued to slow, and was up […]

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Canada’s ‘waste plastics’ worth $792m/year as fuel

Canada’s plastics industry has published important new research about the potential value of waste plastic. At the moment, any plastic not recycled goes to landfill – which is both costly and negative for the environment. Now their new research shows that Canada’s waste plastics could instead: • Produce 9mbd of oil equivalent hydrocarbons (worth $792m […]

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