Recycled-bottle-flake – Ukraine-Russia 01-04-2022
Recycled-bottle-flake – Ukraine-Russia
Crude Oil Prices Trend
PolyQuest, Inc. officially announced the company has trademarked its PQRenewTM brand of recycled bottle flake and resins – an exclusive product line furthering sustainability solutions.
Since 2006, the Wilmington, North Carolina based company has been systematically developing its owned and tolled asset infrastructure and has produced over 1 billion lbs. of high-quality post-consumer bottle flake (rPET flake), post-consumer resin (rPET PCR), and post-industrial resin (PIR), which are now branded as PQRenew.
The PQRenew brand is a natural extension of PolyQuest’s amplified recycling footprint across the U.S., including operational enhancements at PQ Recycling in Farmingdale NY, and PolyQuest’s recycling facility in Darlington, SC. PolyQuest remains dedicated as an invaluable resource, partner, and key distributor of virgin thermoplastics and manufacturer of recycled thermoplastics. Recycled-bottle-flake – Ukraine-Russia
“The comprehensiveness of the PQRenew product portfolio allows customers to choose various technical options for recycled PET,” indicated John Marinelli, PolyQuest’s CEO. “The key for us moving forward is to select partners that have strategically and financially committed to sustainability, who mesh well with our culture and values, and have common goals and objectives. Win-win would be our condensed perspective on these relationships.” Recycled-bottle-flake – Ukraine-Russia
New global LLDPE demand scenarios in the context of Ukraine-Russia
ONE DAY brings hope, the next day disappointment and rising concerns about the conflict spreading –- and the next day hope arrives again. Such is the nature of the Ukraine-Russia conflict news cycle. Recycled-bottle-flake – Ukraine-Russia
Late last week, for instance, hope flickered when there were reports that Russia was prepared to perhaps limit its territorial ambitions to eastern Ukraine only. But then came anxiety over President Biden’s comments in a speech to NATO allies and continued attacks on cities and towns in western Ukraine.
And as this blog post was being written, there were reports about Russia dropping some of its demands with Ukraine prepared to accept neutrality status. Peace talks were set to resume in Turkey.
On the psychological level, this is hard for all of us to deal with and infinitely harder, of course, for the millions directly caught up in this conflict.
But planning a petrochemicals business? How on earth does one respond to this daily news flow? The answer must be headline scenarios – best, – medium and worst-case scenarios.
What follows, to help you get this process going, are my three worst-case top line outcomes for the next 12 months:
We enter stagflation – high inflation and low or even negative economic growth as developed-world governments lack the financial flexibility to spend their way out of this crisis because of rising interest rates. This happens regardless of whether the conflict is resolved or drags on. The post-conflict world still involves the West reducing its dependence on Russian energy, leading to most of the inflationary pressure being maintained.
China, by far and away the world’s most important petrochemicals market, loses control of events for the first time in the 25 years I’ve following the Chinese economy and its petrochemicals industry. The combination of its Zero-COVID policy and rising imported energy and food costs leave it unable to stimulate its way to positive real economic growth, regardless of what the official GDP numbers say.
The developing world (remember that this does not include China) is damaged by major food shortages and higher energy costs. This pushes many millions more people back into extreme poverty. Millions more cannot rise out of extreme poverty. Food shortages happen even if the conflict is quickly resolved because of disruptions to the next planting seasons in Ukraine and Russia, a poor wheat harvest in China resulting from heavy rains and a global fertilizer shortage.
We must also consider that developed-world petrochemicals demand was already at risk of declining in 2022 because of hopeful signs that the pandemic is becoming endemic. Recycled-bottle-flake – Ukraine-Russia
New scenarios for regional and global LLDPE demand
As I build towards a global picture of linear -low- density polyethylene (LLDPE) demand, let me start with the chart below, showing actual consumption in 2021 in the developed world, our base case for 2022 and my 2022 downside.
Recycled-bottle-flake – Ukraine-Russia