Too much garbage: Workers prepare plastic waste to be recycled inside the Alexis Plastics factory in Ecatepec, Mexico. Plastic waste is already piling up in parts of Asia as people use more disposable packaging under coronavirus lockdowns, and recyclers struggle to operate. — AP
SINGAPORE: The energy industry’s bet that a petrochemicals boom would support decades of oil and gas sales growth is on shaky ground as an already saturated plastic market is hit by a coronavirus demand shock.
While soaring demand for personal protective equipment and takeaway food containers has boosted sales of some plastics, it is likely to be only a temporary spike, say analysts.
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