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The «» query returned 9 matches.

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  1. Petrochemical market: 2020 snapshot

    ... from fluctuations in demand and prices for various petrochemicals, LPG, or naphtha. In addition I should say that APG is not the only source of feedstock for the Company. Has the Company reduced headcount due to the pandemic? We have taken certain crisis response measures to be able, among other things, to preserve jobs today and create job opportunities going forward. We are redistributing our personnel, which leads to reductions in some areas and recruitment in others. How did China's lockdown ...

  2. Pandemic, plastics and sustainable development

    ... policy vehicles and barriers are essential in systems-level thinking. Sustainability can only be achieved by quantifying and prioritizing actions for the environmental, economic, and social good for the long run. COVID-19 and the resulting economic crisis has strained local and national waste operations while also dampening trade value of recyclables in ways that may aggravate the global plastic waste issue, destabilize CSR/ESG/SDG commitments, and deviate industry and governments from the global ...

  3. Working amid a bevy of black swans

    Following the pandemic, the demand for packaging has been on the rise, with quality, safety and affordable price coming to the fore. Alexander Ladan, Director of Neo-Pack (SIBUR’s partner), talks about the current trends in the market. How did the pandemic-related restrictions affect your company? What challenges did you encounter? Neo-Pack produces packaging for essential goods and forms part of the commodity production chain, so we kept operating during the lockdown, mainly supplying packages...

  4. COVID-19: HUMANITY VS VIRUS

    Our means of combating viruses are limited, but scientists continue to seek ways to curb the pandemic. And chemistry is at the forefront of this search. Virus insurance Vaccines are not a cure, but they remain the primary means of preventing a pandemic. The weakened virus contained in the serum enters the body and mobilises natural defences, which helps prevent the progression of the disease. The higher the vaccination rate, the lower the spread of the disease. But the truth is that any vaccine...

  5. Caring for employees

    The pandemic-induced crisis has highlighted the companies that really cared for their employees and those that only pretended to do so. The reputation of the latter will deteriorate along with their value in the labour market. Below are our tips on how to avoid damage to ...

  6. Growth in non-commodity exports

    ... At the same time, it makes a sizeable contribution to the GDP through capital investments, creating a multiplier effect. It also supplies materials to other industries. Antiseptics much sought-after today are a chemical product. Hence, in the current crisis it is vital to provide aid to both the industry and small and medium processors to ensure further growth. According to SIBUR's top executive, small consumers of petrochemicals often face workforce- and demand-related difficulties, and are overall ...

  7. The OPEC report

    The COVID-19 pandemic and related restrictions slashed global oil demand. In March 2020, oil prices saw the largest drop since the 2008 financial crisis. The OPEC shared its findings on the hydrocarbon market in its April report. In this situation, the term structure of all three crude benchmarks moved to a super contango (where the spot price is trading dramatically below the futures price) ...

  8. ICIS: Rules no longer apply

    ... medium-term demand for petrochemical products in most regions will remain weak. Oxford Economics expects the global GDP to decline by 3.5% in 2H 2020. Experts' forecasts get increasingly worse – one of the latest articles in the Economist suggested that the crisis might have negative impact on up to 90% of the global economy. ICIS analysts believe that a clear correlation between the GDP and the demand for petrochemicals no longer exists. The consumption dynamics remains highly uncertain. The decline ...

  9. Petrochemical companies during the lockdown

    ... regions are experiencing a slowdown, the oil markets had been under strain even before the emergence of COVID-19. The slump in the oil prices and the pandemic further aggravated the situation. Most analysts believe that the consequences of the current crisis will be harsher and deeper than those caused by the financial meltdown of 2008–2009. The previous crisis was driven by a sudden collapse in demand, while today we are witnessing a dynamic imbalance in various markets affecting feedstock supplies ...