Best Buy announces new program to tackle toxic chemicals

| October 3, 2017

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Consumer electronics at a store near you may soon be free of certain hazardous chemicals. Best Buy is the latest retailer to announce progress in tackling toxic chemicals in products in recent months.Yesterday Best Buy publicly released its new Chemical Management Corporate Statement, which was accompanied by a blog post providing some additional background. We applaud Best Buy for developing this new initiative and disclosing this policy statement publicly, the development of which was disclosed last year in our retailer report card and most recently in the company’s 2017 sustainability report.

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MiNiMAR PAINT&CHEMICALS

Minimar management team is solely composed of ex-Akzo Nobel staff. After our professional careers in Akzo Nobel, we came together in Minimar to utilize our experience, efforts and entrepreneurial approach in our rapidly developing company and country.

OTHER ARTICLES

What the Coronavirus could mean for the global petrochemical industry?

Article | March 10, 2020

Coronavirus (covid-19) has developed rapidly and is already impacting significant parts of the global economy. Within this context the petrochemical industry is also being severely affected through short-term market uncertainties, pricing volatility and declining consumption in many of its key segments. The most visible outcome is emanating from China where economic activity has declined sharply in February and is forecast to remain low over the next few months. The effect of China’s economic slowdown is now resulting in consequences in other regions – “when china sneezes, the whole world catches a cold”.

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The multi-million dollar polymers opportunity: continued big regional price differentials

Article | June 29, 2021

POLYMER BUYERS outside northeast (NEA) and southeast Asia (SEA) have a big opportunity to save millions of dollars on procurement costs during the rest of this year through purchasing more from the two regions.The opportunity has arisen because I believe that NEA and SEA polymer prices will remain very cheap relative to most of the world until at least the end of 2021. NEA comprises China, Japan, Taiwan and South Korea. Our definition of the SEA region is Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam.NEA and SEA producers can also make a lot of money by constantly monitoring and acting on strong arbitrage opportunities in other regions. As supply disruptions in the US look likely to continue, Europe and South & Central America seem particularly good opportunities for both buyers and producers.Before we discuss why I see NEA and SEA remaining cheap relative to most of the rest of the world until at least the end of the year, let us consider in more detail the size of the prize, starting with the resin buyers.

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How Is the SCIP Database Different From the REACH Regulation

Article | February 14, 2020

Companies operating in the European Union (EU) must submit data when introducing articles containing Substances of Very High Concern (SVHCs) above the 0.1 percent weight by weight (w/w) threshold. The reporting trigger for an in-scope article is currently derived from the Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH) Regulation’s Candidate List of SVHCs, but the data requirements for the SCIP database, triggered by the EU Waste Framework Directive (WFD), vary widely from those required by the REACH Regulation.

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We can solve the plastic waste crisis but we don’t have much time

Article | May 27, 2021

IN 2015, a global agreement was reached that 8m tonnes a year of plastic waste entering the oceans was unacceptable, according to this September 2020 article in The Conversation. This was the amount of plastic that was estimated to have ended up in the oceans in 2010. “Several international platforms emerged to address the crisis, including Our Ocean, the UN Sustainable Development Goals and the G7 Ocean Plastic Charter, among others,” continued the article. But in 2020, an estimated 24m-34m tonnes of plastic waste was forecast to enter our lakes, rivers and oceans. This could reach as much as 90m tonnes in 2030 if the current trajectory continued, said The Conversation. This is the type of information out there, free to view on the internet and accessible via a very quick Google search, representing a major challenges for our industry. I cannot of course verify the numbers. But they are out there. Also out there is a May 2019 article by the World Economic Forum (WEF), which provided a good summary of research into what experts believed was the scale of the waste problem in the developing world.

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MiNiMAR PAINT&CHEMICALS

Minimar management team is solely composed of ex-Akzo Nobel staff. After our professional careers in Akzo Nobel, we came together in Minimar to utilize our experience, efforts and entrepreneurial approach in our rapidly developing company and country.

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