CHEMICAL TECHNOLOGY, CHEMICAL MANAGEMENT
Quaker Houghton | January 31, 2023
On January 30, 2023, Quaker Houghton announced that it has signed a contract with Constellation to acquire Renewable Energy Certificates (RECs) to meet roughly half of its entire U.S. based electricity requirements.
Constellation's RECs are Green-e® Energy Certified and sourced from wind and solar energy facilities in the contiguous United States. Throughout the contract's life, 100% of the electricity purchased by specific Quaker Houghton U.S. sites will be acquired from a renewable source or matched with RECs, which are subsequently retired. Each Renewable Energy Certificate that has been retired represents the environmental benefits of one megawatt-hour (MWh) of electricity produced by a renewable generator.
Through the acquisition of Renewable Energy Certificates (RECs), Quaker Houghton supports the operation and development of facilities that generate clean, renewable energy in regions where on-site production is not viable.
Quaker Houghton's Chief Executive Officer and President, Andy Tometich, commented, "Sustainability is core to our business and is a critical, driving force in our long-term plan. We are pleased to accelerate the achievement of our greenhouse gas emissions targets through the use of renewable energy certificates and remain committed to delivering on our ambitious 2030 sustainability goals."
(Source – PR Newswire)
Constellation's Senior Vice President, Retail, Daniel J. Verbanac, stated, "Constellation is pleased to support the sustainability goals of our customers." He added, "As America's leading clean energy producer, Constellation lauds Quaker Houghton's choice of renewable energy which helps reduce pollution and demonstrates a commitment to the environment."
(Source – PR Newswire)
About Quaker Houghton
Headquartered in Conshohocken, Pennsylvania, Quaker Houghton is a global leader in industrial process fluids. Its high-performance, innovative, and sustainable solutions are supported by best-in-class technology, deep process expertise, and personalized services. The company has over 4,000 personnel and operates in more than 25 countries. Its clients include the world's renowned advanced steel, aluminum, offshore, automotive, aerospace, mining, can, and metalworking firms. Its chemists, engineers, and industry experts work with businesses to continuously enhance their operations so that they can function even more efficiently and successfully in the future.
CHEMICAL MANAGEMENT, PRODUCTS AND TECHNOLOGIES
Origin Materials | January 30, 2023
Origin Materials, Inc., the leading global carbon-negative materials firm with a mission to accelerate the global transition to sustainable materials, announced the mechanical completion of Origin 1, the firm's first commercial manufacturing plant, following the previously disclosed schedule.
Critical mechanical systems were successfully installed, and commissioning has commenced as part of mechanical completion. Work will continue on-site, including electrical work, the addition of new equipment, and the refinement of technology.
Following this significant accomplishment, work will continue at the facility, with plant commissioning to support the startup scheduled to be completed by the end of the first quarter of 2023 and the startup commencing soon after. Origin 1 is anticipated to address the increasing customer demand for the company's renewable materials and enable clients to qualify products and applications beyond PET. On its next earnings call, the company aims to release forecasts for sales, EBITDA, and other financial measures for 2023.
About Origin Materials
Origin Materials, headquartered in West Sacramento, is one of the world's foremost carbon-negative materials firms. The mission of Origin is to facilitate the global transition to sustainable resources. The firm has spent more than a decade developing a platform for converting the carbon present in affordable, abundant, non-food biomass such as sustainable wood wastes into valuable commodities while simultaneously absorbing carbon. Its unique technology platform has the potential to change the manufacture of a vast array of end goods, including clothes, textiles, plastics, packaging, auto components, carpets, and toys, with an addressable market of about $1 trillion. Additionally, the company's technological platform is anticipated to deliver consistent pricing substantially decoupled from the petroleum supply chain, which is more volatile than supply networks based on sustainable wood wastes. The patent-protected drop-in core technology, economics, and carbon effect of Origin are backed by an expanding number of worldwide investors and customers.
PRODUCTS AND TECHNOLOGIES, RAW MATERIALS
The Chemours Company | January 27, 2023
The Chemours Company, a chemistry company with market-leading positions in Thermal & Specialized Solutions, Titanium Technologies, and Advanced Performance Materials, announced the introduction of Ti-PureTM TS-1510, a highly efficient rutile titanium dioxide (TiO2) pigment designed to improve processing performance in various plastics applications, including polyolefin masterbatch.
The increased processing performance of this grade offers up to a 6%* reduction in the net carbon footprint of the advanced pigment manufacturing process through masterbatch production, compared to conventional TiO2 pigments, while simultaneously increasing profits. Ti-PureTM TS-1510 is the most recent pigment launch under the company's Ti-PureTM Sustainability (TS) line, a new product family highlighting Chemours' dedication to furthering societal, consumer, and business segment sustainability goals.
Ti-PureTM TS-1510 was created to overcome customer difficulties and enhance their production rate and processing capabilities. Chemours developed a revolutionary technology to create this pigment with increased material bulk density in order to address these difficulties while simultaneously increasing profits and masterbatch processability.
The higher level of processing efficiency provided by Ti-PureTM TS-1510 will enable Chemours' direct and downstream customers to decrease their individual environmental footprints and enhance the plastics industry's sustainability. Ti-PureTM TS-1510 offers energy and labor efficiencies for masterbatch producers, resulting in a smaller carbon footprint than conventional TiO2 pigment. In addition, Chemours delivers Ti-PureTM TS-1510 in recyclable or reusable packaging to further increase the product's sustainability.
Cherie Stancik, Product Development Manager, Plastics Segment – Titanium Technologies at Chemours, said, “At Chemours, our customers’ needs drive our approach to innovation. The introduction of Ti-Pure™ TS-1510 reflects our commitment to developing new products that advance the state of the industries we serve.”
(Source – Business Wire)
About The Chemours Company
Located in Wilmington, Delaware, The Chemours Company is a world leader in Thermal & Specialized Solutions, Titanium Technologies, and Advanced Performance Materials, offering its customers solutions for a diverse range of industries through market-defining products, application experience, and chemistry-based innovations.
The company provides tailored solutions with a broad selection of industrial and specialty chemicals for applications such as plastics, coatings, refrigeration and air conditioning, semiconductor, transportation, consumer electronics, general industrial, and others. Its main products are marketed under well-known brand names, including NafionTM, OpteonTM, FreonTM, Ti-PureTM, TeflonTM, VitonTM, and KrytoxTM. The company has over 6,400 employees and 29 manufacturing locations, which serve approximately 3,200 clients in approximately 120 countries.