The largest petrochemical company in Eastern Europe, SIBUR decided to transfer all office personnel to a four-day work week due to the COVID-19 epidemic, RBC reports citing a company representative. So, SIBUR decided to implement a set of measures, including a temporary transition to a four-day working week for all employees of the corporate center […]
The Cabinet of Ministers called on Ukrainians to minimize the generation of household waste during the quarantine period
The capacity of utilities that collect, sort, and recycle waste is significantly reduced compared to normal time. The Ministry of Development of Communities and Territories of Ukraine calls on citizens to minimize the generation of household waste, since the capacity of utilities decreased significantly during the quarantine period. “The capacity of utilities that collect, sort, […]
The Chinese city of Sanya is the first in the country to join the WWF initiative “cities without plastics”
The Chinese resort city of Sanya in southern Hainan is the first in the country to join the initiative of the World Wildlife Fund (WWF) “a city without plastics,” reports TASS. The corresponding memorandum of cooperation was signed on March 27 between the city government and the foundation’s representative office in Beijing, the Nanhaiwan information […]
The Ukrainian car market in the second week of quarantine in the country fell by almost half
Sales of new cars in Ukraine in the second week of quarantine (March 23-29) decreased by 48% compared with the first week (March 16-22), when sales “soared” by 74% to the “quarantine” week, Business Censor said referring to AUTO-Consulting. “The second week of quarantine in the car market was expected to bring a steep peak,” […]
Ukrainian import of injection molded PET-granulate increased by 21% in January – February
Import of injection-molded PET granules to Ukraine grew by 21% in January-February of the current year and amounted to 21.8 thousand tons. In the same period of 2019, this indicator was 18 thousand tons, according to a DataScope survey by Market Report. External deliveries of material from Lithuania produced by Neo Group to the Ukrainian […]
The plastics industry is at the forefront of the fight against coronavirus
The Plastics Industry Association (PLASTICS, USA) issued a press release requesting local and federal authorities to include manufacturers of polymer resins and plastic products as strategic and priority issues in issuing support measures. President and Chief Executive Officer Tony Radoshevsky said that “as more and more enterprises receive recommendations and orders to close production during […]
Large oil companies prepare for oil price at USD10 per barrel
Large oil companies were covered by a wave of cost reductions, as oil prices ranged from USD20 to USD30 per barrel, Vesti writes. On Monday, Royal Dutch Shell said it would cut costs by 20%, or USD5 billion, and also suspend its share buyback plan. The French oil giant Total SA and the Norwegian company […]
March contract price of propylene in Taiwan drops by USD115 per ton
The contract price of propylene in Taiwan for deliveries in March was agreed at USD115 per tonne lower than the previous month. Thus, the contract price of propylene in March was agreed at the level of USD775 per tonne, DEL compared to USD660 per tonne, DEL a month earlier. Earlier it was reported that the […]
PET pellet prices in China are down
PET prices in China fell amid a continued decline in oil prices, according to ICIS. On March 23, the prices of crude oil, naphtha and paraxylene fell sharply, as did the prices of raw materials – refined terephthalic acid (TFA) and monoethylene glycol (MEG) also dropped. PET prices from buyers and sellers were at the […]
Coronavirus Pandemic Losses Exceeded Damage from 2008 Financial Crisis
Losses from the coronavirus pandemic have already exceeded the damage from the global financial crisis of 2008 and the attacks of September 11, 2001, Interfax reports with reference to an interview with the BBC broadcasting company, Secretary General of the Organization for Economic Cooperation and Development (OECD) Jose Angel Gurria. “Even if there is no […]