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News Release
Four signposts for the chemicals industry under a Biden administration
- 16 十一月 2020
The Democrats are expected to retain control of the US House of Representatives, but the Senate will be determined by upcoming run-offs in the state of Georgia. While the chemicals sector is expected to see few direct impacts, there are several themes that should be watched closely.
News Release
Significant government intervention necessary if bioplastics are to scale
- 19 十月 2020
In order to achieve the scale needed to play a meaningful role, the bioplastics industry will require significant regulatory interventions from governments and substantial cost efficiencies as technologies mature and scale, according to Wood Mackenzie.
News Release
‘The materials transition’ could divert 382 million tonnes of plastic waste by 2040
- 18 八月 2020
The plastics industry requires a paradigm shift towards an absolute decoupling of materials consumption from growth of the economy if it is to achieve sustainability targets, according to new research from Wood Mackenzie.
News Release
China’s PTA producers look to futures to weather market volatility
- 16 七月 2020
China’s purified terephthalic acid (PTA) producers have been using the futures market to price PTA in the spot market, hedge against risks and manage inventory. This has allowed many to stay profitable, despite market uncertainty and disruption brought by the coronavirus pandemic, says Wood Mackenzie.
News Release
2020 could mark start of downcycle for China’s petrochemical industry
- 15 一月 2020
In a recently published report, Wood Mackenzie predicts the start of a downcycle in China’s petrochemical industry. A supply overhang has already hit the country’s paraxylene (PX) market, with olefins and polyolefins markets almost certain to face the same.
News Release
Veritas Capital completes acquisition of Wood Mackenzie
- 02 二月 2023
Veritas Capital (“Veritas”), a leading investor at the intersection of technology and government, today announced that an affiliate of Veritas has completed the purchase of Wood Mackenzie from Verisk (Nasdaq: VRSK).
News Release
Decarbonising plastic value chains remains Herculean task
- 26 七月 2021
Despite the ‘war on plastics’, demand over the coming decades will be robust, underpinned by the growing global middle-class and the material requirements of the energy transition.
News Release
Packaging redesign could reduce global plastic demand by 20% by 2050
- 10 六月 2021
Plastic packaging redesign, which includes elimination, substitution and reuse approaches, could reduce global plastic packaging demand in 2050 from 190MT to 150MT, according to a new analysis from Wood Mackenzie’s Cross-Polymer Demand Model.
News Release
Oil supply cuts could curtail 15% of ethylene supply in Middle East
- 13 五月 2020
Approximately 15% of ethane-based ethylene supply in the Middle East could be lost this year due to oil supply dynamics, according to new analysis from Wood Mackenzie. This equates to around 1.5 million tons of ethylene.
News Release
2020 to be year of transition for global olefins industry
- 20 一月 2020
Wood Mackenzie expects the combined capacity expansion of base olefins - ethylene, propylene and butadiene - to hit unprecedented levels of around 20 million tonnes in 2020. This represents an increase of 6% on 2019 levels.
News Release
US PET and aromatics markets face major restructuring if plastics recycling goals met by 2030
- 10 九月 2019
Meeting current US recycled plastics content goals by 2030 would significantly alter the region's PET resin and upstream aromatics markets, according to a recent analysis from Wood Mackenzie.
News Release
Energy transition to drive refinery and petrochemicals integration
- 16 二月 2021
2020 was a difficult year for the world’s refineries as the coronavirus pandemic reduced refinery utilisation and OPEC+ supply restraint narrowed crude price differentials. Despite this, integrated refinery and petrochemical sites significantly outperformed their fuels-only peers, according to Wood Mackenzie.
News Release
Flexible packaging demand in Asia hit by sluggish regional economy
- 25 二月 2020
Overall flexible packaging demand in Asia grew by 4.8% in 2019, down from 5.6% in 2018. This was mainly due to slower growth rates in major national markets, according to Wood Mackenzie.
News Release
Packaging industry’s sustainability drive good news for BOPP film
- 23 十月 2019
The global Biaxially Oriented Polypropylene (BOPP) film market has seen demand grow by just under 5% per annum over the last five years. The main driver of growth has been the demand for flexible packaging, particularly in China and South East Asia, according to Wood Mackenzie’s latest ‘BOPP Film Global Supply Demand Report’.
News Release
West Europe PET bottle recovery grows, but challenges for RPET supply chain remain
- 01 十月 2018
The total volume of PET bottles collected in West Europe during 2017 was near 2 Mt, compared to an estimated 3.2 Mt of bottles placed in the market, according to Wood Mackenzie Chemicals' latest report on the RPET market in West Europe.
News Release
Global appetite for plastics key to China’s polyolefins demand growth in 2020
- 28 五月 2020
Much of China’s polyolefins demand growth in 2020 will depend on global appetite for plastic end-products, says Wood Mackenzie.
News Release
More investment needed in U.S. chemical recycling technology to achieve circular economy
- 06 六月 2019
A recent push for more investment in chemical recycling in the U.S. would allow recycled material to return to the value chain at the same level from which it started. However, according to Wood Mackenzie Chemicals, there needs to be multi-pronged investment efforts to improve comprehensive collection, sorting and recycle process technology in order to achieve a truly circular economy.
News Release
North America’s flexible packaging market grew by 3.9% in 2018
- 04 六月 2019
North America's market for value-added flexible packaging increased by 3.9% to US$25.3 billion in 2018, according to a new report from Wood Mackenzie Chemicals.
News Release
Complete ban on Russian commodity exports accelerate LNG growth and energy transition
- 16 六月 2022
War in Ukraine is transforming the outlook for the supply, demand and price of hydrocarbons and the pace and cost of the energy transition. While the precise timing and implementation of future bans on Russian commodity imports are difficult to predict, a rewriting of energy trade flows is now underway.
News Release
Waste-based biofuels could be the key to unlocking the energy transition
- 18 八月 2022
Waste-based biofuels could be a key driver of the energy transition transforming today’s limited supply of low carbon transportation fuels and creating a local, circular economy, according to a new report by Wood Mackenzie, a Verisk business (Nasdaq:VRSK).
News Release
The plastics industry must go under the knife for a more sustainable future
- 18 十一月 2021
Stemming the flow of plastics into the environment will need ‘more than a nip and tuck approach’ if the world is to reach peak plastic and meet the net zero challenge, says Wood Mackenzie.
News Release
US winter freeze hits global olefins market
- 19 二月 2021
This week’s winter storm has paralysed US petrochemical production and disrupted 15% of the global olefins market, according to Wood Mackenzie.
News Release
Coronavirus and the collapse in polyester – will paraxylene and PTA markets recover?
- 01 六月 2020
Global polyester production is expected to decline by more than half a million tonnes this year. For polyester’s key raw materials, paraxylene (PX) and PTA, the knock-on effects will hit global demand in the coming years.
News Release
Spandex entering the big time as sales to hit 1 million tonnes by 2020
- 25 六月 2019
As spandex closes in on sales of 1 million tonnes, industry structures will change to meet competition from China and the challenge of closed-loop recycling, according to recent Wood Mackenzie Chemicals research.
News Release
China's mega crude-to-chemicals projects may deal knockout blow to regional PX exporters
- 21 八月 2018
Higher base chemicals demand and feedstock security for heavy naphtha are driving the development of a new wave of mega-integrated refinery and chemical sites in China. Private Chinese chemical producers, including Hengli and Rong Sheng, are back-integrating their chemical plants with refineries by building mega-integrated facilities. Wood Mackenzie expects these projects to come on stream in the next 12 to 24 months.
News Release
High carbon tax could erode up to 60% of Asia’s refining earnings
- 05 十月 2021
A high carbon tax could erode up to 60% of Asia’s total refining earnings by 2027, says Wood Mackenzie, at the Global Energy Summit Focus Week.
News Release
Achieving U.S. recycled plastics goals by 2030 could cost $3bn
- 10 七月 2019
Up to $3 billion in additional capital investment would be required to achieve current U.S. recycled plastics content goals by 2030, according to new analysis by Wood Mackenzie Chemicals
News Release
Chemical recycling boost could see global plastic packaging recycling hit 50% by 2040
- 18 十一月 2020
If the plastics value chain is to become more sustainable, the industry must focus on reducing the amount of mismanaged waste and recapturing as much of its value as possible. To do this, more investment must be allocated to chemical recycling technologies, according to Wood Mackenzie.
News Release
China to dent global polyester growth in 2020
- 09 一月 2020
Chinese polyester market growth is expected to sit at just below 3% in 2020, a marked decline from the strong growth seen between 2018 and 2019. This dip in performance is mainly due to slashed growth for bottle-grade PET, according to Wood Mackenzie.
News Release
Was 2019 the year of recycled PET?
- 10 十二月 2019
2019 has been a year of successes within the recycled PET (RPET) industry.

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