Bioplastics a hurdle to oil sector's plans to expand into plastics
Oil firms hoping to make the basic building blocks for plastic now face rivals using eco-friendly materials
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
London
COMPANIES that make packaging from plants instead of fossil fuels are starting to challenge the oil industry's ambition to increase the supply of raw materials for plastics.
Use of bioplastics made from sugar cane, wood and corn will grow at least 50 per cent in the next five years, according to the European Bioplastics Association in Berlin, whose members include Cargill Inc and Mitsubishi Chemical Holdings Corp. German chemical giant BASF SE and the Finnish paper maker Stora Enso Oyj have stepped into the business to meet demand from the likes of Coca-Cola Co to Lego A/S.
Share with us your feedback on BT's products and services
TRENDING NOW
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Beijing’s calculated silence on the Iran war
DPM Gan warns of 3 structural shifts to the global system that will bring greater challenges – and opportunities
