Page 164 - CW E-Magazine (30-7-2024)

News from Abroad For your requirements of:
D-(-)-Tartaric Acid w L-(+)-Tartaric Acid
DL Tartaric Acid
UNFULFILLED PROMISE Disodium Octaborate Tetrahydrate
(Boron 20%)
Wood Mackenzie report highlights slow progress Zinc Borate
Boric Acid (Boron 17%)
of circular economy ecosystem globally Boric Oxide w Boron Oxide
Borax Anhydrous
The circular economy, a critical Global material consumption is up, while the share of secondary materials is falling Borax Pentahydrate (Boron 15%)
strategy for delivering a lower-emis- Borax Decahydrate (Boron 10.5%)
sion, more sustainable future by reus- Contact :
ing materials and minimising waste Satyanarain & Co. /
has made disappointingly little im- LCG Eximchem Pvt Ltd
pact on key energy transition manu- 21-22 Abhishek, 303, Samuel Street, Vadgadi, Mumbai - 400 003.
Phone: +91- 22 - 23437035 / 23423229 / 49744840
facturing industries including plas- Cell: +91- 9820496607 / 9930817512
tics, electronics and biofuels over the Email: satyainfo.gupta@gmail.com/info@lcgexim.com/
lcgeximchem@gmail.com
last decade as it struggled to navigate
traditional value chains and business Sourcing Agent Since1980*
practices, according to a new report Dye intermediates&Chemicals
by leading consulting fi rm, Wood • Aniline Oil
Mackenzie. • Alpha & Beta Naphthol
• Benzoyl Chloride99.5%
The report states that despite the • Calcium w Sodium Lignosulfonate
rising tide of corporate commitments • DCDA w Diphenylaniline
and regulatory targets, progress of the • DEA w MEA w Triethanolamine
circular economy model has been ex- Source: United Nations Statistical Division and Circle Economy • DMA / DEA / M. Ethylaniline
tremely slow. While there are profi ts firms all operate with different Way forward • DETA w TETA w ODCB w ONCB w PNCB
to be made in circular value chains, assumptions about what a ‘fair’ allo- The report concludes by making a • Cyanuric Chloride w Chloranil
the fundamental problem remains en- cation of value looks like. Without series of recommendations to ensure that • Ortho / Para / Meta Tolideine
• Basic w Solvent w Food Colour
suring these are shared fairly across a route to profi tability for all value the circular economy model overcomes • Melamine w Mono Methyl Acetoacetate
complicated, fragmented value chains. chain participants, the result is slower its initial teething troubles and lives up • Napthalene Crude w Refined
than anticipated technological adop- to the hype that has built up around it as • Sulfanilic w Salycylic Acid w STPP
“The circular economy model has tion and investment in the necessary a genuine economic system that actually Mr. R.S. Harlalka
not made the impact many plastics waste infrastructure. The report adds works. Email: radheshyamharlalka@yahoo.com
industry observers predicted when it with so much added complexity in Mob: +919323144439 / 8169382544
was fi rst mooted, but there are some circular economy value chains, com- The recommendations include
exciting initiatives underway that modity-producing fi rms – such as the changing strategic thinking to include AVAILABLE
could change that,” said Mr. Guy Bai- petrochemicals sector – must step up how to bring about the value chain
ley, Vice President of Oils & Chemi- to the mark and help drive the neces- transformation needed for success; NATURAL WAX MIXTURE
cals Research at Wood Mackenzie. sary coordination and collaboration encourage investors to acknowledge (MiXTURE OF hYDROCARBONS
“The successful negotiation and intro- through the adoption of novel business the long-term benefi ts of fi rst mover
duction of the United Nations Plastic relationships. status in circularity exceed short-term AND PALMiTiC ACiD)
Treaty [a legally binding agreement dilution of profi ts and for stronger rela- Please contact:
that would end plastic pollution] is a These frameworks include part- tionships are built with brands to ensure S. ShAiLENDRA RAO
9886340888
necessary starting point, but the adop- nerships which are suitable for less that the complex value chains required
tion of new business models to drive complex projects and offer companies are created. “The journey to full circu- For your requirement oF
coordination across the value chain is the chance to retain autonomy; joint larity has not got off to an ideal start,”
the key to real change,” he noted. ventures which are more suited to stra- Mr. Bailey remarked. “But with clear Liquid bromine
tegic projects needing specialist mar- and consistent regulation and creative Virgin & Recovered
Lack of profi tability roadmap ket knowledge and vertical integration collaboration then the circular economy PVC resin (K-57, K-65-67)
The report states that currently which involves acquiring suppliers model can still provide an effective Please contact:
petrochemical companies, technology and distributors to maintain complete solution to reducing waste and lower- MANgLEShwAR ChEMiCALS
Mumbai
companies and waste management control of a project. ing carbon emissions,” he added. Mobile: +91 9004585240
mangleshwarchemicals@gmail.com
18/01
164 Chemical Weekly July 30, 2024

Contents Index to Advertisers Index to Products Advertised