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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.
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.
Commenting on the news that China is planning to place tariffs on chemicals from the US, Senior Vice President Chemicals, Stephen Zinger, said:
Following a major fire at Alpek's Altamira Mexico PTA plant, which broke out on Sunday 15th July, PCI Wood Mackenzie Head of PET, Phil Marshall, said:
Global natural resources consultancy Wood Mackenzie sees OPEC maintaining its role as a key oil supplier through to 2040, although output from non-OPEC producers will help ensure adequate supply in the years to 2030.
After a contentious campaign, Andrés Manuel López Obrador has won the presidency. Now, the energy industry is trying to determine the incoming administration’s strategic priorities and the implications for Mexico’s energy reforms and its upstream, downstream, gas and power markets.
Following China's imposition of retaliatory tariffs on US goods over the weekend, our experts weigh in on the potential impact the move will have on different commodities.
Follwoing the EU's pledge to make all plastic packaging recyclable by 2030, Helen McGeough, PCI Wood Mackenzie Senior Consultant, commented
The year 2018 will be recorded as the "transition year" for the polyethylene industry. Widely anticipated North American polyethylene resin will hit the global markets, China's ban on importing scrap plastic will challenge the prevailing trends, and new tax structures in the United States and India will show its full impact on the plastic industry.
The sub region of South East Asia could potentially become a world leader in importing plastic waste, according to PCI Wood Mackenzie's 'RPET China Study – China Waste Import Ban 2017'.
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