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...“If the recycling does not work, the plastic will stay there for 500 years. Paper does not,” he said. The company said it expected the packaging to be certified as compostable by next year....
...The effort was dropped this month after the company agreed to take up contract talks with the Workers United union....
...The statement from McKee, who is also the chair of the International Council of Chemical Associations, which represents the largest petrochemical companies, drew an angry response from environmental campaigners...
...The glut of virgin plastic presents a challenge to companies trying to reduce their reliance on single-use plastics in the face of stricter regulation and government pledges to reduce plastic waste pollution...
...The chemicals industry, which sits at the start of a vast number of companies’ supply chains, is seen as a bellwether for industrial production, adding to concern among German politicians and executives...
...The European Union has adopted a goal to cut plastic by targeting bags and coffee cups....
...Adnoc declined to comment.At the heart of the matter is the complexity of the transaction and the cross-shareholdings between the companies’ chemicals arms....
...Onvector, a water treatment company, uses plasma technology where high-energy electrons obliterate the chemicals. Researchers have also joined the cause....
...Thousands of US lawsuits targeting major chemical companies have been filed and agencies globally are tightening regulation....
...So now they're looking at working gradually to make each chemical part of the plastic greener....
...competition from recycled materials from low-cost countries is already an industrial reality,” said Sophie Sicard-Lemaire, deputy director of sustainable development and institutional affairs at French recycling company...
...on plastic production, chemicals in plastics, microplastics and single-use plastics, ahead of the April talks....
...The company said on Friday that it expected 2023 free cash flow of €2.7bn. This would not cover consensus expectations for a dividend payout of €3bn, as compiled by Visible Alpha....
...While plastics are an important component of clean technologies, virtually all plastics are manufactured using chemicals derived from fossil fuels, and the material’s lack of biodegradability poses a threat...
...In a vote on Wednesday, MEPs in Strasbourg approved a detailed law that could also ban all “ultra-light” plastic bags and harmful chemicals in packaging....
...Exxon is leading a fightback by the petrochemicals industry against UN plans to limit the production of plastics....
...While it isn’t the only public company that has struggled to file its annual report on time this year, it also faces a decent amount of PFAS (or “forever chemicals”) litigation on top of everything else....
...Chief executive Martin Brudermüller will in April leave the company after five years at the helm. He will be replaced by Markus Kamieth, who has been overseeing the company’s expansion plans in China....
...“Chemical manufacturing”, where heat and chemical processes in effect reduce plastics to their raw ingredients, is far less common, and has been dogged by concerns over pollution and energy use....
...technologies (like DD, ECL); and waste management companies with hazardous or chemical waste programs (like CWST, GFL, RSG, and WCN) could benefit from an increase in PFAS-related regulations....
...Chemicals groups such as Eastman are planning facilities, while engineering and construction companies such as Maire Tecnimont run their own....
...Arne Rautenberg, fund manager at Union Investment that holds less than 1 per cent of BASF’s shares, said Kamieth faced “enormous” challenges in his new job, as he would need to “secure [BASF’s] competitiveness...
...But Nippon Soda, a chemical company based in Tokyo, launched an agricultural fungicide called ipflufenoquin in Japan in 2021, which has a mechanism of action very similar to F2G’s olorofim — leading to concerns...
...Its relationship with the union that represents half of its workers has soured over the past decade as the company expanded into Arkansas, where unions are rare, McCall said....
...“We own chemical companies but also, on the demand side, we own cosmetic companies, consumer goods and electronics....
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