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> Why? Because the raw materials behind plastics and other petrochemicals are fossil fuels. As traditional demands for oil – vehicle fuels – are declining as th
by pkdpic 5y ago
> Why? Because the raw materials behind plastics and other petrochemicals are fossil fuels. As traditional demands for oil – vehicle fuels – are declining as the transport sector is increasingly electrified, the oil industry is seeing plastics as a key output that can make up for losses in other markets. Investing in plastics has therefore become a key strategy for fossil fuel firms.
Reminds me of Ministry for the Future when Saudi Arabia pledges to only sell its oil to companies producing carbon-sequestering plastics rather than fuel. Plastics are obviously still super problematic for a million reasons though. Especially since it seems like a lot of it ends up getting burned anyway...