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Energy singularity means a point where our source of energy is almost infinite, coming from the renewable sources and completely accessible to everyone on the planet.
Showing posts with label Mitsubishi. Show all posts
Showing posts with label Mitsubishi. Show all posts
12 November 2008
Lucite Acquired by Mitsubishi Rayon
Mitsubishi Rayon is reportedly in the midst of buying UK-based Lucite International for $1.6bn in cash, rumoured caused by the recent economic downturn. The acquisition is expected to be completed by end-January 2009 boosting Mitsubishi Rayon production technologies expected to increase Mitsubishi competitive edge to a new level.
07 October 2008
China Plastics Demand Slowing
World petchem products are expected to be in a slump due to lower demand in China plastic products as consumer products, such as toys, shopping bags, cables, car foams and packaging film demand are slowing. Analysts are expecting global plastics markets to be in a downturn trend lasting anywhere from 1 to 4 years.
The current situation in the US doesn't help either. United States is the major plastics consumption and currently in a recession bringing demand for consumer products down. This resulted in the world to loose the top two countries for plastics consumers.
However, a slight growth for polyethylene based products are expected to be maintained throughout this year until next year.