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Backlash to Plastic has Oil Companies Worried

posted by martyb on Thursday June 06 2019, @12:39AM   
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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Original Submission

• Re:cry me a river Re:cry me a river (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"

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• Re:cry me a river (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

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  La politica e i criminali sono la stessa cosa..

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