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Agilyx has found a way to turn recycled plastics back into there original form of crude oil. large scale efforts will begin with four plastic-to-oil plants by the end of next year and will be selling the synthetic crude oil to oil refiners.Read MoreRead more
According to HSBC, China’s manufacturing hit its lowest level in 3 years. China’s top financial official Wang Qishan predicted that recession is in China to stay. HSBC’s chief China economist Qu Hongbin says the reduction of demand from Europe and US will slow production even more in the next few months. China is already taking steps to slow the recession and possibly reverse it.