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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.
(Score: 3, Informative) by krishnoid on Thursday June 06 2019, @05:32AM (1 child)
If you're going to go with a plastic-ish bag, "BAGGU" [baggu.com] is a good contender for durability and weight-bearing (albeit pricey). They also never seem to go on sale.
(Score: 2) by krishnoid on Friday June 07 2019, @12:32AM
Actually, as I write this, Bloomingdale's and Nordstrom's online both have sizable-discount limited-quantity sales on some of the uglier/plainer designs this week. I just bought some.