Is Big Oil’s Plastic Bet Going Sour?

June 18, 2019

While Greenpeace activists were busy planning their occupation of a BP drilling rig, Exxon and Sabic sealed a US$10-billion deal for what is going to be one of the world’s largest petrochemical plants. The deal comes amid increasingly loud opposition to plastics use as the planet’s plastic pollution problem worsens and calls for urgent measures to deal with it intensify. Bans on some single-use plastic products have been a popular way of trying to deal with the problem but it won’t be enough: plastics demand is rising and will continue to rise through the next ten years at least, Axios reported recently, noting that demand for ethane—the largest feedstock for plastics—will hit 1.7 million bpd this year in the US alone, up by 83 percent from 2012. Plastics, however, will endure. Petrochemicals will come to account for more than 33 percent of oil demand growth globally in the period to 2030. By 2050, they will drive half of the global oil demand growth, raising this demand by 7 million bpd by that year, the International Energy Agency said in a report last October.

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Chemtek Co

Chemtek Scientific Company is one of the leading multifaceted business conglomerates based at Thane (Mumbai) and is engaged in a wide range of activities that touch the most basic and far advanced aspects of scientific community. We are a leading supplier to the global Life Science industry: solutions and services for research, development and production of biotechnology and pharmaceutical drug therapies.

OTHER ARTICLES

Transporting biological and chemical materials - what you need to know

Article | February 13, 2020

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Setting record straight on testing harm in chemicals

Article | February 13, 2020

The modern world is built on chemicals, be it the medicines we use, or cleaning fluids, crop protection products, or the raw materials for everything from laptops and mobile phones to clothes and furniture. Across all, we have created an entire modern society with chemicals, and, as a result, constantly stretched the size of the world population we can feed, clothe and shelter. Yet, balancing all the gains from the modern chemistry around us against any negative environmental and human impact has been a rising concern, making for ever greater focus on testing and on risk assessment.

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Why chemical characterization is the best way to assess patient risk

Article | February 11, 2020

Everyone is very familiar with the phrase when buying a house: All that really matters are three things - location, location, and location. This same principle applies to extractables and leachables chemistry analysis – the three things that truly matter are identification, identification, and identification. The greatest growth in the past ten years in demonstrating the safety of medical devices and container closure systems for drugs has been using analytical chemistry to determine what chemicals can leach from the device and what the patient is exposed to during its intended use.

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How Chemical Companies Benefit from the Experience Economy

Article | February 10, 2020

To feel or experience from a business engagement started with customer experience mainly in the consumer products business. Today it has extended to even knowledge industries like the chemical industry where experiencing or feeling can be leveraged to include all stake holders from customers primarily to employees to supply chain people & suppliers and all else. With digital technologies this has become easier than before. The benefits from promoting the ‘feel’ or ‘experience’ emotion could be multifarious for the chemical industry as described in this article.

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Spotlight

Chemtek Co

Chemtek Scientific Company is one of the leading multifaceted business conglomerates based at Thane (Mumbai) and is engaged in a wide range of activities that touch the most basic and far advanced aspects of scientific community. We are a leading supplier to the global Life Science industry: solutions and services for research, development and production of biotechnology and pharmaceutical drug therapies.

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