Chemical industry from an economic perspective

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The responsibilities of the Swedish Chemicals Agency (KemI) include efforts by society to reduce the health and environmental risks associated with increasing production, consumption and trade in chemicals and articles that contain or have been treated with hazardous chemical substances or chemical products.

Spotlight

PROCHEMA Handelsgesellschaft m.b.H.

PROCHEMA is an Austrian trading company - founded in 1981 - and one of the most successful organizations in marketing and distributing chemicals, polymers, food-and-feed additives. Based on exclusive representations of well-known manufacturers as well as free trading with carefully-selected partners, the name PROCHEMA has become a byword for successful sales and marketing, expanding from Austria and Central Europe originally to the entirety of Europe today. Visit us on www.prochema.com

OTHER ARTICLES

How Refiners Can Capitalise on the Petrochemical Industry

Article | April 6, 2020

Do you fancy a piece of Petrochemical Pie? As the demand for refined products is falling and demand for petrochemical products is increasing, it is vital that refiners consider petrochemical integration, which offers increased flexibility and a competitive edge. Learn more below about the benefits, considerations and recent projects, and, how the double whammy of the oil price crash and the COVID-19 pandemic is affecting the petrochemical market.

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Can credit trading drive dollars to plastics recovery?

Article | April 6, 2020

An initiative backed by several major brands is looking to boost the flow of corporate money to vetted plastics recovery and recycling projects. The effort is based on a voluntary market-based standard, currently called the Plastic Waste Recovery and Recycling Project Standard, which will lay out broad rules and requirements for projects around the world to meet. Projects meeting the standard could generate credits, which companies would then purchase to help fund the effort. “It’s essentially driving corporation financing through a crediting mechanism to plastic recovery and recycling activities,” said Sneha Balasubramanian, a program officer at Washington, D.C.-based group Verra, which is creating the standard. Verra is a standards development organization that has a focus on climate action and sustainable development.

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The pandemic, climate change, plastic waste and the great divide: the world in 2025

Article | April 6, 2020

NOBODY SHOULD be surprised that the developing world has fallen behind in the battle to reduce greenhouse gas emissions as the region is a long way from recovering from the pandemic.Evidence to this effect emerged last week in comments made by Fatih Birol, executive director of the International Energy Agency (IEA). “In many emerging and developing economies, emissions are heading upwards while clean energy investments are faltering, creating a dangerous fault line in global efforts to reach climate and sustainable energy goals,” said Birol. At the current rate, carbon dioxide emissions from developing countries largely in Asia, Africa and Latin America are set to increase by 5bn tonnes/year over the next two decades, according to the IEA, as access to power increases.At present, around 785m people worldwide have no access to electricity. There are also 2.6bn people without access to clean cooking options.

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Global polyethylene demand boom likely, increasing the sustainability challenge

Article | April 6, 2020

IT FEELS LIKE several lifetimes ago. If you recall, way back in November-December 2019 Asian variable cost integrated naphtha-based polyethylene (PE) margins turned negative because of the increase in US capacity. Then in January the following year, deep Asian and Middle East operating rate cuts returned some order to the market. Then, bang, as we all know, the pandemic arrived and turned everything on its head. The pandemic has, in my view, accentuated trends that were already well underway. I believe this means that the supply-driven downturn that started in late 2019 will not return.Long before coronavirus upended everyone’s lives, PE demand was becoming increasingly divorced from GDP growth because of the shifting nature of end-use demand. Booming internet sales was, I believe, a major factor behind the split between the growth of the overall economies in the developed world plus China and PE demand.The average product bought online is dropped 17 times because of the large number of people involved in the logistics chain, according to Forbes. This had led to a surge in demand for protective packaging made not from PE and other polymers such as polypropylene, expandable polystyrene and PET films (I will look at their demand growth prospects in later posts).Despite sustainability pressures, the scale of demand for stuff bought online translated to a lot more consumption of virgin polymers.

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Spotlight

PROCHEMA Handelsgesellschaft m.b.H.

PROCHEMA is an Austrian trading company - founded in 1981 - and one of the most successful organizations in marketing and distributing chemicals, polymers, food-and-feed additives. Based on exclusive representations of well-known manufacturers as well as free trading with carefully-selected partners, the name PROCHEMA has become a byword for successful sales and marketing, expanding from Austria and Central Europe originally to the entirety of Europe today. Visit us on www.prochema.com

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