Consulting firm Townsend Solutions of Houston has released a sustainability report for the polyolefins market.
The report is titled "Deep-Dive Implications and Opportunities for Polyolefins." It explores global conditions for sustainability involving polyethylene and polypropylene resins.
"Sustainability is no longer an idealistic trend," officials said in a description of the report. "It is now essential for business survival and a mainstream issue driving attention and investment growth on a global scale, and particularly in plastics."
The report added that regulatory changes and growing consumer awareness "are already rewriting the plastics demand map for several key applications" including consumer packaging and automotive.
The report aims to explore business opportunities for plastics that have resulted from increased interest in sustainability. It also looks at trends in material substitution, including bio-based, biodegradable, compostable and recyclate materials.
Clifford Lee recently was named president of Townsend, which was formed in 1977. Lee has more than 20 years of plastics experience, including stints with Formosa Plastics and Equistar Chemicals. He has been with Townsend since 2014.