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Global Plastic Treaty Negotiations: Talks on a global treaty to combat plastic pollution concluded in Nairobi with significant divisions. While many nations support strong measures, others are hesitant to impose strict production cuts. The next negotiation rounds will take place in 2024(
).
Polypropylene Plant in India: Lummus Technology secured a deal to provide its Novolen® polypropylene technology for a new 500,000 tons per year plant in Gujarat, India, marking a key development in polypropylene production(
).
Economic Impact Study: A new study highlighted the significant contribution of the plastics industry to the global economy, emphasizing that recycled plastic production is growing faster than virgin polymer production. It also cautioned against the potential economic and environmental consequences of imposing production caps on virgin plastics(
).
China's Polyethylene Expansion: China is leading global polyethylene capacity additions, expected to contribute nearly 29% of new capacity by 2028. This highlights China’s growing role in the global plastics market(
).
Neste’s Chemical Recycling Expansion: Neste announced the expansion of its chemical recycling logistics infrastructure in Finland, focusing on liquefied waste plastic and rubber tires, which marks a step forward in the circular economy(
).
India’s Major Ethylene Project: Bharat Petroleum Corporation Limited (BPCL) is advancing with a new ethylene plant and associated downstream units in India, further boosting the country's petrochemical capacity(
).
Plastic Alternatives’ Carbon Impact: The use of alternatives to plastics, such as metals and glass, may result in higher carbon emissions due to their heavier weight and energy-intensive production processes(
).
Trade in Recycled Plastics: A study found that only 2% of plastic waste is traded internationally, indicating a potential area for growth that could advance global circularity in the plastics industry(
).
Shift in Diesel Consumption: In China, diesel consumption has declined due to reduced economic activity and increased fuel substitution, reflecting broader changes in the energy market that impact the petrochemical sector(
).
Progress in Plastics Recycling: Recycled plastics are becoming more significant, especially in the Asia Pacific region, which now leads in global production volume, highlighting the importance of developing economies in the plastics recycling market(
).
September 24, 2024
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Privacy statement: Your privacy is very important to Us. Our company promises not to disclose your personal information to any external company with out your explicit permission.