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A Glut of Made-in-China Plastic Will Dent Oil s Growth Machine

(Bloomberg) Once touted as a key driver of global oil profits, the plastics industry is staring down years of anemic margins as giant plants in China look set to send a deluge of production into the market. Most Read from BloombergWall Street Soothsayers Are Bewildered About What’s NextYellen Had Candid Five-Hour Meeting With China’s He, US SaysAnt to Buy Back Shares at 70% Lower Valuation Than at IPOCEO Who Grew Up in Poverty Builds Rare $1.4 Billion Fish StartupMacron Is Trying to Get Back

Vietnam set to become Southeast Asia petrochemicals giant

Vietnam is poised to become a regional leader in oil and petrochemical products with new production facilities in the pipeline and the industry attracting billions more in investment.

Petrochemical firms struggle to make profit via drastic restructuring

Korea s leading petrochemical firms are reorganizing their business portfolios, as uncertainties about the recovery of global manufacturing industries continue, according to industry officials, Sunday.

Transcripts for BBCNEWS Surfings Dirty Secrets 20240604 02:41:00

in terms of. no, it s all petrochemical. everything comes from the petrochemical industry these days, everything. and that s an industry with a serious environmental impact from the hazardous waste it can produce to the huge amounts of energy it relies on. in fact, every surfboard manufactured is said to create

Transcripts for BBCNEWS Surfings Dirty Secrets 20240604 09:39:00

it s really bad. and you can see all the dust. and that s polyurethane, it s not a great material in terms of. no, it s all petrochemical. everything comes from the petrochemical industry these days, everything. and that s an industry with a serious environmental impact from the hazardous waste it can produce to the huge amounts of energy it relies on. in fact, every surfboard manufactured is said to create as much as the equivalent of 250kg of carbon dioxide. and it s notjust the foam of the boards that is a problem it s also all the chemicals used to strengthen and finish them. that s extremely corrosive. what s that made out of? that s really bad, that will mess your lungs up. is that toxic? not now. using these chemicals has taken its toll on blacker. this is probably one of the most toxic things and making boards is the spraying, because you are using either isocyanates

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