The study says 20 petrochemical companies are responsible for 55% of the world s single-use plastic waste.
The findings were published by the Minderoo Foundation, one of Asia s largest philanthropies. The research was conducted by academics from the London School of Economics, the Stockholm Environment Institute, Wood Mackenzie, among others.
U.S. energy giant ExxonMobiltops the list, contributing 5.9 million metric tons to global plastic waste, closely followed by U.S. chemicals company Dow and China s Sinopec. The study says 100 companies are the source of 90% of global single-use plastic production.
Nearly 60% of the commercial finance funding the plastic waste crisis comes from just 20 global banks, the study said. A total of $30 billion of loans from these institutions, including Barclays, HSBC and Bank of America, has supported the sector since 2011.
Just 20 firms behind more than half of single-use plastic waste - study bbc.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bbc.co.uk Daily Mail and Mail on Sunday newspapers.
published : 11 May 2021 at 14:20
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Around the turn of the century, stem cells were all the rage in headlines and dinner conversations as they became known for offering the prospect of better health and longer life. Now it has become a reality: an innovation that gives you the power of choice in your health and longevity.
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by Bloomberg
|Friday, May 07, 2021
The cost of building blocks for everything from plastics to paint has surged over the past year.
(Bloomberg) Drive down any highway in the world and you’ll see countless reminders that the price of Big Oil’s primary product is rising. What’s less obvious is how the inflationary pressures from transport fuel are being amplified by another part of this sprawling industry chemicals.
The cost of the building blocks for everything from plastics to paint has surged over the past year. That’s great for companies like Exxon Mobil Corp. and Royal Dutch Shell Plc, whose petrochemical units just earned their biggest profit in years.
May 6, 2021
BANGKOK, Thailand May 6, 2021, 2021 Indorama Ventures Public Company Limited (IVL), a global chemical producer, announced its first quarter 2021 financial results.
1Q2021 Performance Summary
Revenue of $3,240 million in 1Q2021, +10 percent YoY
Reported EPS of 1.04 THB, compared with 0.20 THB in 4Q20 and 0.07 THB in 1Q20
Reported EBITDA of $483M= million coming from higher Core EBITDA ($369 million, registering a growth of 45 percent QoQ and 21 percent YoY), positive contract adjustments and inventory gains
Company-wide cost and business transformation, Project Olympus, yielded $67 million during the quarter, on track to deliver our 2021 target of $287 million ($195 million extra efficiency gains over 2020)
Overview
Positive global sentiment, underscored by rebounding global oil prices and vaccine rollouts, has resulted in strong volume demand and strong margins for all IVL’s key products, driven at first by recovery in China and carrying forward into the sec