High-density polyethylene (HDPE) demand in the developing world in 2023 could contract by 300,000 tonnes, rather than, as in our base case, grow by 800,000 tonnes because of the food crisis.
Assuming all the other regions grew as under our base case, global growth would be 2% in 2023 rather than our base case of 4%.
Asian Chemical Connections
Ukraine, the global food crisis and implications for polyethylene
THE GLOBAL FOOD crisis is first and foremost a potential humanitarian disaster that must be avoided. But “must” doesn’t mean “will”, of course. Nobody should underestimate the scale of the challenges in front of us.
The Water Challenge
Source of picture: BBC By John Richardson By 2050, the world’s 10 biggest river basins by population are expected to produce a quarter of global GDP, according to a report commissioned by HSBC, which was released in June. The figure is greater than the combined future economies of the US, Japan and Germany – and […]
A Call To Action
We are about to set out on a great journey as the world transitions to the New Normal. The reason for the journey is that the world economy has changed irrevocably as a result of the financial crisis and the demand changes created by the ageing of the Western BabyBoomers. There is no going back. […]
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