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Backlash to Plastic has Oil Companies Worried

posted by martyb on Thursday June 06 2019, @12:39AM   Printer-friendly
from the "The-Graduate" dept.

Phoenix666 writes:

Bloomberg:

As the world strives to wean itself off fossil fuels, oil companies have been turning to plastic as the key to their future. Now even that's looking overly optimistic.

The global crackdown on plastic trash threatens to take a big chunk out of demand growth just as oil companies like Saudi Aramco sink billions into plastic and chemicals assets. Royal Dutch Shell Plc, BP Plc, Total SA and Exxon Mobil Corp. are all ramping up investments in the sector.

Renewed emphasis on recycling and the spread of local bans on some kinds of plastic products could cut petrochemical demand growth to one-third of its historical pace, to about 1.5% a year, said Paul Bjacek, a principal director at consulting firm Accenture Plc.

Maybe they can convince consumers to accept clamshell packaging for everything.

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  • (Score: 1) by fustakrakich on Thursday June 06 2019, @01:28AM (5 children)

    by fustakrakich (6150) on Thursday June 06 2019, @01:28AM (#852006) Journal

    What's the matter with you? Petrochemicals are a gift from god! He doesn't offer a second gift when you refuse the first.

    --
    La politica e i criminali sono la stessa cosa..

  • (Score: 3, Insightful) by takyon on Thursday June 06 2019, @01:30AM (2 children)

    by takyon (881) <{takyon} {at} {soylentnews.org}> on Thursday June 06 2019, @01:30AM (#852007) Journal

    I just want the bioplastics, or plastics intended for years of use (such as Sterilite containers).

    --
    [SIG] 10/28/2017: Soylent Upgrade v14 [soylentnews.org]

    • (Score: 1) by fustakrakich on Thursday June 06 2019, @01:48AM (1 child)

      by fustakrakich (6150) on Thursday June 06 2019, @01:48AM (#852012) Journal

      Oy! Doesn't anybody remember anything [getyarn.io] anymore?

      --
      La politica e i criminali sono la stessa cosa..

      • (Score: 2) by MostCynical on Thursday June 06 2019, @03:21AM

        by MostCynical (2589) on Thursday June 06 2019, @03:21AM (#852032) Journal

        string [youtube.com]

        --
        "I guess once you start doubting, there's no end to it." -Batou, Ghost in the Shell: Stand Alone Complex

  • (Score: 2) by Freeman on Thursday June 06 2019, @02:31PM (1 child)

    by Freeman (732) on Thursday June 06 2019, @02:31PM (#852232) Journal

    There is the whole Flood thing in the bible. Thus, the origination of all those petrochemicals. Decayed plant and animal matter. You're likely filling your car up with ancient human.

    --
    Joshua 1:9 "Be strong and of a good courage; be not afraid, neither be thou dismayed: for the Lord thy God is with thee"

    • (Score: 1) by fustakrakich on Thursday June 06 2019, @03:00PM

      by fustakrakich (6150) on Thursday June 06 2019, @03:00PM (#852259) Journal

      You're likely filling your car up with ancient human.

      Heh, we only use the freshest humans, premixed with leaded additives

      --
      La politica e i criminali sono la stessa cosa..