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Petrochemical industry adapting to a new normal

24 July 2020 Robin Waters

Plastic is a versatile material used in multiple applications but needs to manage negative aspects. Sustainability initiatives in chemicals extends from the need to address end of life management of plastics to multiple examples of the benefits of chemicals, including food usage, clean water, and clean energy.

The global plastics market continues to grow, increasing risk for environmental impact. Stakeholders want to transform plastic economy from linear to circular but lack of scaled technology and inadequate infrastructure impedes progress.

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IHS Markit "Changing Course: Plastics, Carbon and the Transition to Circularity" is a comprehensive review of how the plastics value chain is expected to transition from a linear to a circular economy, accounting for changing policy and regulations, greenhouse gas (GHG) pathway and the impact on future capital investments.

How will this transition evolve and what is the impact on your business?

Reconfigure your strategy around the risk and opportunities.

Posted 24 July 2020 by Robin Waters, Director, Plastics Planning and Analysis, IHS Markit

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