Tag: petrochemical product

Sustainable polymer

Borouge PLC and Borealis have announced the launch of two new sustainable polymer products for the automotive industry, made from up to 70% recycled materials. They are the first sustainable products developed at Borougeā€™s compounding manufacturing plant (CMP) in Shanghai, China, which recently received ISO 14067 certification for carbon footprint assessment.

 

Petroleum

Global oil prices moved steadily higher during July and into early August, reflecting a market tightening long projected by this Report. Deepening OPEC+ supply cuts have collided with improved macroeconomic sentiment and all-time high world oil demand. North Sea Dated rose by $10/bbl over the month to around $85/bbl, its highest since April. With output cuts hitting the heavy sour crude market hard, Dubai crude is trading at a rare premium to Brent, while the price of Urals crude has breached the G7-led price cap now making all Russian oil exports ineligible for G7 and EU maritime services.