Lithium Americas | September 21, 2022
Lithium Americas Corp. is pleased to announce it has entered a Strategic Collaboration Agreement with Green Technology Metals Ltd. to advance a common goal of developing an integrated lithium chemical supply chain in North America.
“The collaboration between the groups has already commenced alongside Primero Group, making the combination of hard rock lithium development and processing one of world-renowned experience that will continue the growth of both businesses. Both GT1 and Lithium Americas have the shared objective of building the pre-eminent vertically integrated lithium business in North America. With the recent passing of the IRA, and the substantial domestic battery minerals sourcing requirements this imposes on car manufacturers seeking to attract consumer tax credits for their vehicles, the value of this end goal has increased further again.”
GT1’s Director, Cameron Henry
In North America, Lithium Americas is focused on developing its 100%-owned Thacker Pass project in Humboldt County, Nevada. The Company has received all federal and state permits necessary to begin construction and awaits a ruling on an appeal filed against the Bureau of Land Management on the issuance of the Record of Decision. The Company is actively preparing to commence construction, including planning early-works construction for late 2022, finalizing the selection of an engineering, procurement and construction management firm, hiring lead construction and project management roles, advancing financing and offtake discussions, and progressing the U.S. Department of Energy Advanced Technology Vehicles Manufacturing loan program.
ABOUT GREEN TECHNOLOGY METALS
GT1 is a North American focused lithium exploration and development business. GT1’s Ontario Lithium Projects comprise high-grade, hard rock spodumene assets (Seymour, Root and Wisa) and lithium exploration claims (Allison and Solstice) located on highly prospective Archean Greenstone tenure in north-west Ontario, Canada. GT1’s strategy is to build a vertically integrated lithium business in Ontario.
ABOUT LITHIUM AMERICAS
Lithium Americas is focused on advancing lithium projects in Argentina and the United States to production. In Argentina, Caucharí-Olaroz is advancing towards first production and Pastos Grandes represents regional growth. In the United States, Thacker Pass has received its Record of Decision and is advancing towards construction. The Company trades on both the Toronto Stock Exchange and on the New York Stock Exchange, under the ticker symbol “LAC”.
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.
X-ELIO | September 19, 2022
BASF and X-ELIO have signed a 12-year Power Purchase Agreement to supply 48 megawatts (MW) of solar power to BASF's Verbund site in Freeport, Texas. With this agreement in place, 100% of the site's expected purchased power will be supplied from renewable energy.
The project will further reduce carbon emissions at the BASF Freeport site and offset more than 82,000 metric tons of CO2 emissions annually, based on EPA estimates. Freeport is one of BASF's six global Verbund sites, which takes an integrated approach to manufacturing, research and the overall management philosophy. Together with the maximum integration of infrastructure, processes, talent, energy and waste management, this philosophy creates a highly efficient manufacturing site.
"With this agreement, we take a big step forward, reaching 100% of the site's purchased power to be supplied from renewable energy. Securing renewable energy at our Freeport site is a necessary step to improving our energy footprint and we appreciate the partnership with X-ELIO, which helps us realize the company's goal of net-zero emissions by 2050."
Brad Morrison, Senior Vice President and Site Manager for the BASF site in Freeport
X-ELIO's 72 MW Liberty Solar Photovoltaic project located in Houston, expected to be operational by 2024, will generate 137 gigawatt hours (GWh) of clean energy per year while delivering more than $130 million in capital investment in the state and creating up to 125 construction jobs. The project will also include a 60 MW Energy Storage System.
Bill Morrow, Country Manager of X-ELIO in the U.S. highlighted: "This agreement is a major milestone in the development of renewable and sustainable energy for the industrial supply, one of the major objectives to achieve the necessary energy transition goals.
X-ELIO is a great partner committed to the sustainability needs of its customers and it is an honor for us to be able to collaborate with exceptional partners like BASF."
This agreement is fully aligned with X-ELIO's strategy to support all sectors on their path to a net-zero way of doing business as well as BASF's climate protection goals. BASF aims to reduce its greenhouse gas emissions by 25% by the year 2030 compared with 2018 and to achieve net-zero emissions by 2050.
BASF Corporation, headquartered in Florham Park, New Jersey, is the North American affiliate of BASF SE, Ludwigshafen, Germany. BASF has more than 16,700 employees in North America and had sales of $25.9 billion in 2021.
At BASF, we create chemistry for a sustainable future. We combine economic success with environmental protection and social responsibility. Around 111,000 employees in the BASF Group contribute to the success of our customers in nearly all sectors and almost every country in the world. Our portfolio comprises six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care and Agricultural Solutions. BASF generated sales of €78.6 billion in 2021. BASF shares are traded on the stock exchange in Frankfurt (BAS) and as American Depositary Receipts in the U.S.
X-ELIO is specialized in the development, construction, financing and operation of sustainable energy projects with a global presence in Europe, the United States, Latin America, Japan and Australia. The firm has 17 years of experience with more than 2.6 GW built. The group is a world leader in the development of renewable and sustainable energy, with a strong commitment to greenhouse gas reduction and the fight against climate change.