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Barron's Streetwise

Plastic Has Gone Golden

Barron's Streetwise

Barron's

Business

4.71.6K Ratings

🗓️ 6 August 2021

⏱️ 24 minutes

🧾️ Download transcript

Summary

Profits in polymers are piling up. But so are tossed-out bottles. LyondellBasell's CEO talks about demand, shortages, and recycling. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This episode is brought to you by Kraken.

0:03.0

Crypto is like the financial system, but different.

0:07.0

It doesn't care where you come from, what you look like,

0:10.0

your credit score, or your outrageous food delivery habits.

0:13.0

Crypto is finance for everyone, everywhere, all the time.

0:18.0

Visit Kraken.com slash see what crypto can be to learn more.

0:22.0

Don't invest unless you're prepared to lose all the money you invest.

0:25.0

This is a high risk investment and you should not expect to be protected

0:28.0

if something goes wrong.

0:32.0

Today, many of these supply chains are depleted on inventory.

0:37.0

Our customers, for example, and for a day or two late,

0:40.0

they're calling us saying they're going to run out of the raw material we supply.

0:44.0

So demand will be stronger for longer and therefore our earnings should be very strong

0:50.0

well into 22.

0:54.0

Hello and welcome to the Baron Streetwise Podcast.

0:58.0

I'm Jack Howe. The voice you just heard, that's Bob Patel.

1:02.0

He's the CEO of Lionel Basel, one of the world's largest producers of plastics.

1:08.0

Profits in the plastic business have soared, so will favorable conditions last.

1:13.0

Bob says yes, will examine his case in a moment.

1:17.0

One analyst sees more than 40% upside for the stock.

1:21.0

We'll also talk about the state of plastic waste and recycling.

1:25.0

There is, shall we say, room for improvement.

...

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