Seemingly indifferent to the fast expanding global environmental lobby that targets pushing back the production of plastics, international oil companies are reportedly positioning themselves to invest a mammoth US$500 billion in new petrochemical plants to increase production of the commodity.
The reported move by the oil companies would appear to suggest that they are confident that next week’s United Nations, Nairobi, Kenya forum which is seeking an outcome that will directly persuade governments to push for the cessation of production of single use plastics, will make little if any headway.