Spanish utility Iberdrola will invest $182 billion to triple its renewable capacity by 2030.
Braskem S.A. will spend $61 million to expand its green ethylene capacity in Brazil by nearly a third.
After pandemic delays, construction on Shell’s 1.6 million-ton-per-year polyethylene project in Beaver County, Pennsylvania, is 70% complete and expected to start up in 2022.
The White House ordered a 100-day review of supply chains for semiconductors and large-capacity batteries among other products, part of an effort to increase domestic production and bolster companies against future disruptions like at the start of the pandemic. At an investment conference yesterday, GM said the chip shortage impacting its business is easing.
Container volumes fell only 1.2% in 2020 despite massive slowdowns during the early months of the pandemic.
Congestion at the Port of Oakland led to an 11.9% year-over-year drop in container volumes in January.
We expect continuing logistics disruption in the U.S. from severe winter conditions that blanketed much of the country last week.
Logistics conditions remain strained, with trucking demand exceeding availability and continued congestion at ports due in part to operating challenges related to the pandemic. Clients are advised to provide expanded lead times on orders to help ensure delivery dates.
There were 74,502 new COVID-19 cases in the U.S. yesterday and 3,230 deaths.
The White House is sending 25 million masks to community health centers and food pantries nationwide, which will be free to the public.
Heavy breathing while exercising at gyms increased the transmission of COVID-19 despite social distancing protocols, the CDC says.
First-time jobless claims fell more than expected to 730,000 last week.
The Bureau of Labor Statistics dropped its long-term jobs growth forecast from 3.7% per year to 2.9% for the next decade, projecting the greatest job growth will be in the medical, health-science and technology fields, while the biggest declines will be for restaurant, hotel and transportation workers.
The FAA has ordered emergency inspections of all Boeing 777 jets with Pratt & Whitney engines before they can resume flight, a result of Monday’s incident in Denver that dropped broken aircraft debris over a residential neighborhood.
Among the surprising top-selling toys during the pandemic has been the 61-year-old Barbie doll after Mattel revamped the iconic toy to reflect racial equality and inclusion.
Nostalgic Airstream RVs have experienced a resurgence in popularity, with dealer sales up 22% in 2020 and the company sitting on a one-year backlog.
Antimicrobial products are the rage: the latest is patented antimicrobial paint that Sherwin-Williams claims will kill 99% of certain bacteria within two hours of surface contact.
Up to 75% of the European Union’s population could get vaccinated against COVID-19 by the end of August, a faster-than-expected schedule as the supply of shots ramps up. The bloc’s leaders are working on getting certificates of vaccination for EU citizens who seek to travel.
Latin America is increasingly relying on COVID-19 vaccines from China and Russia, low-cost alternatives to their Western counterparts.
The lack of access to COVID-19 vaccines in low- and middle-income countries threatens to increase the economic gap between rich and poor nations.
Optimism increased among European consumers and businesses in February, with a key sentiment index rising to its highest level in a year.
Government borrowing among developed nations jumped 60% last year to nearly twice the debt load incurred during the Great Recession, with much of the recent debt in riskier short-term funding.
Booking Holdings, the world’s largest online travel agency, reported a 65% drop in gross travel bookings in the fourth quarter.
Last week’s Plastics Reflections webinar on 2021 Drivers and Trends for the North American Plastics Market can be viewed here.
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