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COVID-19 - News digest as of 29.09.2020

September 29/2020

1. LyondellBasell targets 2 MMt/y of green polymers by 2030

MOSCOW (MRC) -- LyondellBasell, one of the largest plastics, chemicals and refining companies in the world, released its annual Sustainability Report with the aim of affecting positive change and is focused on three transformational areas including plastic waste, climate change, and thriving societies, said the company. LyondellBasell announced one of the most ambitious goals of the industry to produce and market two million metric tons of recycled and renewable-based polymers annually by 2030. The report showcases LyondellBasell"s strategy and ambitions for the next decade.

http://www.mrcplast.com/news-news_open-377052.html

2. ACI postpones 2021 convention

MOSCOW (MRC) -- The American Cleaning Institute (ACI) announced that it is postponing its annual convention due to the COVID-19 pandemic, said Chemweek. The next in-person meeting will be held in January 2022 in Orlando, Florida. The decision was made after extensive surveying of member companies and in-depth assessments of travel policies and regulations. ACI asks members to continue to save the week of 25 January 2021 for a members-only ACI Virtual Summit. This event will feature meetings of ACI�s expert standing committees, annual State of the Association address, policy and issue briefings, educational sessions on topics essential to the cleaning products industry, and opportunities to network with industry peers. �As the cleaning products industry has demonstrated over the last several months, we are resilient, we are essential to public health and well-being. and we will adapt successfully in the year ahead,� said Melissa Hockstad, ACI President and CEO.

http://www.mrcplast.com/news-news_open-377051.html

3. BASF plans realignment of Global Business Services unit

MOSCOW (MRC) -- BASF�s Global Business Services unit is being further developed. The division was established as of January 1, 2020, as part of the implementation of BASF�s corporate strategy, said the company. As of that date, around 8,400 employees worldwide transferred to Global Business Services and since then have been providing services for BASF�s business units, ranging from financial and logistical processes to services in the areas of communication, human resources, environment, health and safety. Following the bundling of services and resources and the implementation of a wide-ranging digitalization strategy, the number of employees in Global Business Services worldwide will decline by up to 2,000 by the end of 2022. From 2023 onward, the unit expects to achieve annual cost savings of over EUR200 million. �Overall, with these planned measures, we will make a considerable contribution to BASF Group�s efficiency,� said Marc Ehrhardt, head of the Global Business Services division.

http://www.mrcplast.com/news-news_open-376771.html

4. 3M expects third-quarter sales 2.5-3.7% higher YOY

MOSCOW (MRC) -- 3M announced that August sales increased 2% year-on-year (YOY) despite one fewer business day, and said it expects third-quarter revenues to be 2.5-3.7% higher than the 2019 quarter, said Chemweek. "While significant global economic uncertainty remains due to the COVID-19 pandemic, the company estimates, with one month left in the quarter, its sales to be in the range of USD8.2 to USD8.3 billion for the third-quarter," 3M says. The company reported sales of USD8.0 billion the third quarter of 2019. Sales increased 23% in Health Care, 6% in Safety and Industrial, and 3% in Consumer, while Transportation and Electronics declined 11%. Organic local-currency sales increased 6% in Health Care, 5% in Safety and Industrial, and 2% in Consumer, while Transportation and Electronics declined 11%.

http://www.mrcplast.com/news-news_open-376392.html


mrcplast.com
Author:Anna Larionova
Tags:petroleum products, crude oil, PP, PE, recikling, neftegaz, petrochemistry, BASF, LyondellBasell, sustainable development.
Category:General News
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