Novoloop | September 23, 2022
Novoloop, an emerging leader in plastic circularity, announced its partnership with the Swiss sports brand On last night at an Elemental Excelerator event, as part of Climate Week in New York City. Novoloop’s thermoplastic polyurethane (TPU) – the world’s first chemically upcycled TPU – is featured as the outsole for On’s newest carbon capture consortium shoe, Cloudprime.
The achievement is the result of a two year-long joint development, in which both companies invested in creating a TPU made from an unconventional carbon feedstock originating from plastic waste. Having passed rigorous laboratory and athlete wear testing, Novoloop and On will begin scale-up planning to incorporate the chemically upcycled TPU into future products for mass production.
“Saving the planet is a team sport,” says Caspar Coppetti, Co-Founder and Executive Co-Chairman of On. “We are excited to see what can happen in the future as we unlock the potential of alternative carbon sources with further research and in collaboration with the best partners, such as Novoloop.”
On is committed to move away from petroleum-based materials in its products by accelerating the development of materials that are upcycled, bio-based or derived by carbon capture.
Novoloop was founded by Miranda Wang and Jeanny Yao in 2015 with a mission to change the course of plastics for good. The company’s chemically upcycled TPU is created by breaking down post-consumer waste polyethylene – such as plastic bags, bubble wrap, and shampoo bottles – through the company’s patented Accelerated Thermal Oxidative Decomposition (ATOD™) technology. This chemical deconstruction turns trash that is difficult – or even impossible – to mechanically recycle into molecular building blocks which are re-synthesized, or upcycled, into TPU.
The chemically upcycled TPU contains 35% post-consumer content and performs comparably to virgin TPU derived from fossil fuels. As a high-performance thermoplastic, it is recyclable and can be manufactured with less waste than thermoset materials, such as synthetic rubber. Moreover, lifecycle assessments show that the production of Novoloop’s TPU emits significantly less carbon than that of fossil fuel-derived TPU.
On's interest in Novoloop's technology centered on the promise of sustainability, and the sports brand soon learned that performance would not be a compromise. On put Novoloop’s TPU through a dozen rigorous tests to prove its potential as a high performance outsole. In abrasion testing, Novoloop’s TPU outperformed synthetic rubber, losing only 25 cubic millimeters in DIN abrasion. The TPU also exhibited at least 10% better wet grip than synthetic rubber – a difference felt by athletes in on-foot testing.
“Our team is working hard to scale up our breakthrough process so that more footwear customers can realize the benefits of this innovative TPU. We are grateful to be part of creating Cloudprime. Working with On has been an exceptional experience, and we look forward to what we will achieve together in the future.”
Novoloop CEO Miranda Wang
Novoloop is an emerging leader in plastic circularity, transforming post-consumer plastic waste into performance materials. Headquartered in Menlo Park, California, the venture-backed startup has raised $25M and is building and scaling new technologies to reinvent the chemical value chain. With a vision to end the plastic catastrophe, Novoloop is transforming waste into applications for footwear, sporting goods, and automotive industries.
On was born in the Swiss Alps with one goal: to revolutionize the sensation of running by empowering all to run on clouds. Twelve years after market launch, On delivers industry-disrupting innovation in premium footwear, apparel, and accessories for high-performance running, outdoor, and all-day activities. Fueled by customer recommendation, On’s award-winning CloudTec® innovation, purposeful design, and groundbreaking strides in sportswear’s circular economy have attracted a fast-growing global fan base inspiring humans to explore, discover and dream on.
LyondellBasell Industries | September 21, 2022
LyondellBasell a leader in the global chemical industry, announced it has been named to the FTSE4Good Index Series.
Created by the global index and data provider FTSE Russell, the FTSE4Good Index Series is designed to measure the performance of companies demonstrating strong Environmental, Social and Governance (ESG) practices. The FTSE4Good indexes are used by a wide variety of market participants to create and assess responsible investment funds and other products.
"We are all judged by the actions we take and being included in the FTSE4Good Index Series demonstrates LyondellBasell is on the right path. We recognize there is still more work to do. We intend to build upon our foundation, while continuing to advance our sustainability goals, ambitions and actions to create a better future for generations to come."
Peter Vanacker, LyondellBasell chief executive officer
FTSE Russell evaluations are based on performance in areas such as Corporate Governance, Health & Safety, Anti-Corruption and Climate Change. Businesses included in the FTSE4Good Index Series meet a variety of environmental, social and governance criteria.
As a leader in the global chemical industry, LyondellBasell strives every day to be the safest, best operated and most valued company in our industry. The company's products, materials and technologies are advancing sustainable solutions for food safety, access to clean water, healthcare and fuel efficiency in more than 100 international markets. LyondellBasell places high priority on diversity, equity and inclusion and is Advancing Good with an emphasis on our planet, the communities where we operate and our future workforce. The company takes great pride in its world-class technology and customer focus. LyondellBasell has stepped up its circularity and climate ambitions and actions to address the global challenges of plastic waste and decarbonization. In 2022, LyondellBasell was named as one of FORTUNE Magazine's "World's Most Admired Companies" for the fifth consecutive year.
Aemetis | September 20, 2022
Aemetis, Inc. a renewable fuels company focused on negative carbon intensity products, announced the volume of an offtake agreement that has been signed with Cathay Pacific Airways Limited for 38 million gallons of blended sustainable aviation fuel to be delivered over the 7 year term of the agreement.
Sustainable aviation fuel provides significant environmental benefits compared to petroleum jet fuel, including a lower lifecycle carbon footprint and reduced contrails. The blended sustainable aviation fuel to be supplied under this agreement is 40% SAF and 60% Petroleum Jet A to meet international blending standards.
The supply agreement with Aemetis builds on Cathay Pacific’s ongoing commitment towards meeting its net-zero carbon emissions target by 2050. Cathay Pacific plans to use SAF for 10 percent of its total fuel consumption by 2030. The agreement also underlines oneworld Alliance’s commitment to collectively source SAF. Cathay Pacific is a founding member of the oneworld Alliance.
Cathay Pacific is the home airline of Hong Kong, offering scheduled passenger and cargo services to destinations in Asia, North America, Australia, Europe and Africa. The Cathay Pacific Group also comprises low-cost airline HK Express and express freighter airline Air Hong Kong. Cathay Pacific is a member of the Swire Group and is listed on the Hong Kong Stock Exchange (HKSE).
The sustainable aviation fuel is expected to be produced by the Aemetis renewable jet/diesel plant under development on a 125 acre former U.S. Army Ammunition production plant site in Riverbank, California. The blended sustainable aviation fuel is scheduled to begin deliveries to Cathay Pacific in 2025.
“The use of sustainable aviation fuel by Cathay Pacific is another step by the oneworld Alliance toward lowering the environmental impact of aviation. Sustainable aviation fuel is an immediate solution to the decarbonization of air travel and cargo flights, without requiring extensive new fueling infrastructure or the expensive replacement of planes.”
Eric McAfee, Chairman and CEO of Aemetis
Powered by 100% renewable electricity, the Aemetis Carbon Zero production plant design utilizes renewable hydrogen. The renewable hydrogen is used to hydrotreat vegetable and other renewable oils to produce renewable aviation and diesel fuel.
To further reduce carbon intensity, the Aemetis Carbon Zero design includes capturing CO2 from the production plant and injecting the compressed CO2 into a sequestration well at the Riverbank site. The project is designed to permanently store an estimated 300,000 metric tonnes of CO2 each year from the plant.
Aemetis has a mission to transform renewable energy with below zero carbon intensity transportation fuels. Aemetis has launched the Carbon Zero production process to decarbonize the transportation sector using today’s infrastructure.