The oil sector believes and is putting substantial amounts of money into the idea, that growth in plastics will enable it to prosper as we move to a world powered by low carbon energy. Is this true? If not, what does it mean for companies and investors?
Plastic demand is forecast to be a key driver of rising oil demand. However, plastic demand growth is unlikely to materialise as the result of higher regulatory pressure and more recycling, which will mean no demand growth for virgin plastic. This removes the last key pillar of oil demand growth.
To help investors better understand this situation, Carbon Tracker will be releasing our first research into petrochemicals and plastic demand in early September.
- Kingsmill Bond, Energy Strategist, Carbon Tracker
- More to be announced
Moderator: Tim McDonnell, Climate and Energy Reporter, Quartz
This webinar will include a Q&A with the audience.