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Wo Energie fließt, ist auch Leben. Denn Energie ist Leben.
The future’s not in plastics
© Stijn Dijkstra von Pexels
The oil and petrochemical industries are betting their future growth prospects on demand for plastics. But plastics demand is likely to peak as the world starts to transition from a linear plastic system to a circular one. The implication is peak oil demand and hundreds of billions of dollar of stranded petrochemical capitals expenditure.
A recent report noted that assumptions regarding demand growth for plastics are likely overestimated, as the globe combats the climate crisis and ocean plastic pollution. Petrochemical projects are already losing appeal and previous planned investments are stalling. Recently paused a new, massive U.S. plant as the poor economics of the plant was demonstrated.
Source: AsYouSow. Founded in 1992 and locating in Berkeley, CA 944701, is the US nation’s non-profit leader in shareholder advocacy and harnesses shareholder power to create lasting change that benefits people, planet and profit. Email: info@asyousow.org