PlasticsEdge™ Lead Generation Program: Call 978-342-9000 for details or email [email protected]

https://plastics.com/wp-content/uploads/2018/04/Injection-Molding-News-Technology-Today-Economic-Risks-Booming-Plastics
WASHINGTON, DC – A new report released today by the Center for International Environmental Law (CIEL) raises new and significant questions about the economic rationale for the massive wave of new infrastructure investments in“ plastics and petrochemicals. Untested Assumptions and Unanswered Questions in the Plastics Boom highlights global changes that threaten to dramatically disrupt the plastic industry at both ends of its supply chain, fundamentally altering both the costs of plastics production and the demand for plastic products.
As companies ramp up investments to create more plastic, they are banking on plastic infrastructure being profitable for decades to come. This assumes that demand for plastic will continue increasing and that plastics production will continue to be heavily subsidized by demand for the fossil fuels that supply chemicals critical to plastic production. However, the new report exposes changes in the economy, government regulations, and consumer attitudes worldwide that could make these investments much riskier than previously assumed.

Related Posts

Prodways Begins Work on Autonomous Dental 3D Printing

France — Since it was acquired by Groupe Gorgé in 2013, Prodways has been growing and transforming at a rapid pace, developing new 3D printers and materials while acquiring numerous smaller companies and expanding its product portfolio. All the while, some have been...

KraussMaffei breaks ground on new Chinese plant

HAIYAN, China — German machinery manufacturer KraussMaffei Group has started construction of a new production plant at its existing location in Haiyan. The new intelligent manufacturing unit will cover an area of 1.3 million square feet and is expected to double the...

Book Review: “Peak Plastic” by Jack Buffington

By Peter Murphy — March 23rd, 2019 — “Plastics… There’s a great future in plastics.” So said “Mr. McGuire” to Dustin Hoffman’s character, Ben Braddock, in The Graduate. Indeed, Mr. McGuire was prescient. In more than half a century since he gave his succinct advice,...

Anti-straw legislation causes increased thievery

New York Post — Mugs, cups, silverware, hot sauce — you name it: If it’s in a restaurant, people will steal it, owners say. But in NYC, patron pilfering has taken a new, environmentally conscious turn: Metal straws — those trendy, sustainable cocktail accouterments —...

Hadley bringing lightweight thermoform barriers to heavy trucks

ATLANTA, Ga. – Hadley is joining forces with its Corvac Composites affiliate to produce a lineup of lightweight thermoform barriers for heavy trucks – including splash shields, under-engine covers, and underbodies. Splash shields and under-engine covers are...

Stupid Plastic Things

Laura Stec — Yeech! I was just cleaning up around the house and it hits me – all these indestructible, single-use, plastic, food items live in my house. They are everywhere. I wash a lot of kitchen towels, and I encourage you to too. Change your kitchen towel daily....

Seafood packagers appealing to the senses in 2019

Seafoodsource.com — “A picture is worth a thousand words.” It’s an idiom that seafood packagers around the world can get behind – and even in front of – with innovations in the sector transporting product presentations to new dimensions and heights. Vacuum skin...

TransXL announces the completion of a management buyout

Swindon, UK — TransXL has announce the completion of a management buyout, which took place on 5th March 2019. Jon Smith takes over as the new MD with Tim Wrighton as the Operations Director. "It's a very exciting time for TransXL. We are delighted to have the...

Celanese (CE) to Hike Prices of Ateva EVA Polymers in Asia

Nasdaq.com — Celanese Corporation CE is set to hike selling prices for Ateva EVA Polymers in Asia by $80 per MT. The company stated that the price hike is effective immediately for orders shipped to Asia or as contracts permit. Celanese is undertaking price-increase...