Can’t make plastic, can make people


Go Straya:

Chemicals major Qenos has called in voluntary administrators after its former Chinese owners sold the company to property developer Logos.

The plastics maker runs plants in Victoria and NSW, and on Wednesday appointed McGrathNicol as voluntary administrators.

I’m not sure who will want to live there. The Qenos factory site is putrid:

But no worse than downtown Delhi, so that’s who, I guess.

This is way past the point of outrage about sovereign capability. I will simply note that we now add plastic to the long list of critical inputs Australia cannot make.


I’ll let you conclude what that means about supply chain dominoes.

But this is your new country. Zero industry and a whole lot of resource gouging (in this case, gas), plus the importation of Indians to live in toxic former industrial sites as residents, consumers, and taxpayers.

Living in a chemical chimney doesn’t appeal to me, and, once upon a time, I would have said it was inappropriate to expect it of any Aussie. But these days, worrying about such things is passe.


Build, baby, build, but without plastic…

About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.