Petrochemical industry adapting to a new normal
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.
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
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- EU Single-Use Plastic Ban
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- Specialty Chemicals forecast to grow 5% in 2021, 3.5% CAGR to 2026, after a 2.5% COVID-19 induced decline in 2020
- Nylon – Moving into a brave new world
- Four Key Groups to Lead Circular Plastics Transition