Last week’s UN Conference confirmed that curbs on the production of virgin plastics are clearly on the way. Plastics companies have the technology and expertise needed to make advanced recycling of plastics a major success. They now need to accelerate their commitment if they want to remain a growth industry for the future.
Chemicals and the Economy
CEOs remain cautious over 2010 Outlook
The blog’s quarterly survey of company Outlook statements shows CEOs remain very cautious. There has been a rebound after the destocking disaster of Q4 2008 – Q1 2009. But there seems little confidence that we will quickly return to the levels of demand and margin seen in the 2003-7 Boom period. China’s stimulus and loan […]
Abu Dhabi snaps up Nova Chemicals
Nova’s CEO, Jeffrey Lipton, has always been the great optimist of the petrochemical industry. As recently as December, he was arguing at the GPCA meeting that “demand forecasts will prove to be too low”, and forecasting a shortage of ethylene and polyethylene in 2012. However, optimism isn’t a business strategy, particularly when it leads to […]
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