How to Deliver Value in the Oil & Gas Sector

July 14, 2021 | 120 views

Every year, oil and gas companies are challenged to build investment portfolios that meet their energy transition goals, fund their hydrocarbon strategy, pay off debt, and reward shareholders. Corporate capital planners must strike the right balance between increasing production and reducing greenhouse gas emissions.

Spotlight

Biomed Diagnostics, Inc.

First conceived in 1989, Biomed Diagnostics is the resulting collaboration of two physicians who found themselves vulnerable without the necessary equipment during a mercy mission in Central America. Without the necessary refrigeration, practical supplies and laboratory instrumentation to identify which organisms were causing illness in local residents, they set about researching and developing innovative point of care devices with could be easily packaged and contained.

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CHEMICAL TECHNOLOGY

Transporting biological and chemical materials - what you need to know

Article | August 2, 2022

The landscape of biological and chemical logistics has changed rapidly - as have the regulatory frameworks around it. What has not necessarily kept pace is the end-user understanding of the nature of these logistical processes, their opportunities and their constraints. Twenty years ago, the transmission of biological and chemical materials was limited to a small range of organisations: usually national and international research companies, hospitals, major university departments, police and military departments with forensic responsibilities.

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CHEMICAL TECHNOLOGY

Setting record straight on testing harm in chemicals

Article | July 20, 2022

The modern world is built on chemicals, be it the medicines we use, or cleaning fluids, crop protection products, or the raw materials for everything from laptops and mobile phones to clothes and furniture. Across all, we have created an entire modern society with chemicals, and, as a result, constantly stretched the size of the world population we can feed, clothe and shelter. Yet, balancing all the gains from the modern chemistry around us against any negative environmental and human impact has been a rising concern, making for ever greater focus on testing and on risk assessment.

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CHEMICAL TECHNOLOGY

Why chemical characterization is the best way to assess patient risk

Article | August 8, 2022

Everyone is very familiar with the phrase when buying a house: All that really matters are three things - location, location, and location. This same principle applies to extractables and leachables chemistry analysis – the three things that truly matter are identification, identification, and identification. The greatest growth in the past ten years in demonstrating the safety of medical devices and container closure systems for drugs has been using analytical chemistry to determine what chemicals can leach from the device and what the patient is exposed to during its intended use.

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How Chemical Companies Benefit from the Experience Economy

Article | February 10, 2020

To feel or experience from a business engagement started with customer experience mainly in the consumer products business. Today it has extended to even knowledge industries like the chemical industry where experiencing or feeling can be leveraged to include all stake holders from customers primarily to employees to supply chain people & suppliers and all else. With digital technologies this has become easier than before. The benefits from promoting the ‘feel’ or ‘experience’ emotion could be multifarious for the chemical industry as described in this article.

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Spotlight

Biomed Diagnostics, Inc.

First conceived in 1989, Biomed Diagnostics is the resulting collaboration of two physicians who found themselves vulnerable without the necessary equipment during a mercy mission in Central America. Without the necessary refrigeration, practical supplies and laboratory instrumentation to identify which organisms were causing illness in local residents, they set about researching and developing innovative point of care devices with could be easily packaged and contained.

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CHEMICAL MANAGEMENT, PRODUCTS AND TECHNOLOGIES

Purecycle Mitsui Sign Heads of Agreement

PureCycle Technologies | March 21, 2023

PureCycle Technologies and Mitsui & Co. Ltd. announced a signed heads of agreement (HOA) to develop and operate a polypropylene (PP) recycling plant in Japan. Mitsui is a global trading and investment company with a diversified business portfolio based in Tokyo. In September of 2021, the two sides announced a signed memorandum of understanding. The two sides are targeting completion of a plant in 2026. The first plant is designed to transform PP waste into an ultra-pure recycled resin and expected to have an annual capacity of 59,000 metric tons. PureCycle CEO Dustin Olson said, "We need strong global partners like Mitsui to solve the global plastic waste crisis. This HOA is a major step forward in the process of bringing a true circular solution to Japan for polypropylene plastic waste. The final options for site locations are located between major population and industrial centers, so we can optimize supply chain activities for both feed and product. We believe this site will become a strategic sustainable supply location for critical Japanese industries like automotive, electronics, and consumer product companies." PureCycle uses a patented technology that can remove virtually all contaminants, colors and odors from polypropylene plastic waste and transform it into an ultra-pure plastic resin that can be used multiple times. Chief Operating Officer of the Performance Materials Business Unit at Mitsui Hiroshi Kakiuchi commented, "Mitsui has identified 'sustainability management and the evolution of ESG' as key areas of its Corporate Strategy. Through this new joint project with PureCycle, Mitsui aims to contribute to the overall reduction of plastic waste and the establishment of a circular economy in Japan. By securing plastic waste as the raw material, manufacturing recycled polypropylene resin, and expanding the applications of the material for consumer goods, food containers and automobile interiors, Mitsui aims to make a significant contribution to the creation of the more sustainable society." This is the latest example of PureCycle's global-growth strategy. Earlier this year, the company announced the site of its first polypropylene recycling facility in Europe at the Port of Antwerp-Bruges' Next Gen District in Belgium. PureCycle's first PP recycling plant in Asia is planned to open in 2025 in South Korea. About PureCycle Technologies PureCycle Technologies LLC., a subsidiary of PureCycle Technologies, Inc., holds a global license for the only patented solvent-driven purification recycling technology, developed by The Procter & Gamble Company (P&G), that is designed to transforms polypropylene plastic waste (designated as No. 5 plastic) into a continuously renewable resource. The unique purification process removes color, odor, and other impurities from No. 5 plastic waste resulting in an ultra-pure recycled (UPR) plastic that can be recycled and reused multiple times, changing our relationship with plastic.

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CHEMICAL TECHNOLOGY, CHEMICAL MANAGEMENT

Ingevity Highlights New Technology and Offerings at European Coatings Show 2023

Ingevity | March 15, 2023

On March 14, 2023, Ingevity Corporation announced that it will participate at the European Coatings Show 2023 in Nuremberg, Germany, to showcase its Capa® caprolactone high-performance polyol technology as well as the company's expanded vegetable oil-based products that can be used to improve coating formulations. The engineered polymers team at Ingevity will display the versatility of Capa polyols for both waterborne and high-solid coating applications. Amanda Tosh, who works at Ingevity as a coatings application manager, will present a study about the benefits of using polycaprolactone-based polyols in 2K polyurethane coatings. The study oversees how Capa polyols can be used to make more durable and sustainable coatings for longer. Steve Hulme, Senior Vice President, Performance Chemicals and President, Engineered Polymers at Ingevity, said, "The versatility and durability of Capa polyols make them an ideal choice for a number of high-performance polyurethane coating applications." He also mentioned, "We look forward to discussing the benefits of Capa, including showcasing the sustainability benefits of our biodegradable Capa thermoplastic product range, and its application for the paper coatings industry." (Source – Business Wire) The industrial specialties team at Ingevity will display its vegetable oil-based products, such as the recently launched low-color vegetable oil-based fatty acid, AltaVeg FA 120, that is suitable for use in coatings and other applications. "We are excited to launch our low-color AltaVeg FA 120," said Rich White, Senior Vice President, Performance Chemicals and President of Industrial Specialties and Pavement Technologies at Ingevity. "Ingevity's ability to offer vegetable oil-based fatty acid products provides additional options for customers needing stronger, more durable alkyd coatings that maintain high gloss." (Source – Business Wire) About Ingevity Headquartered in North Charleston, South Carolina, Ingevity is a leading provider of products and technologies that protect, purify, and enhance the world. With the help of a team of experienced and intelligent people, the company develops, manufactures, and provides solutions that assist customers in solving challenging problems and making the world a better place to live. Ingevity operates in two reporting segments: Performance Chemicals which includes engineered polymers and specialty chemicals, and Performance Materials, which includes high-performance activated carbon. These products are used in a wide range of demanding applications, such as adhesives, asphalt paving, elastomers, bioplastics, agrochemicals, coatings, publication inks, lubricants, pavement markings, oil exploration and production.

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CHEMICAL MANAGEMENT, MARKET OUTLOOK

NOVA Chemicals sets bold ESG aspirations to lead the plastics circular economy

Globenewswire | March 23, 2023

NOVA Chemicals Corporation announced sector-leading ESG ambitions to drive the circular economy for plastics, in line with its vision to become the leading sustainable polyethylene producer in North America. By 2030, the company aims to Set new industry standards for driving the transition to the plastics circular economy and solidifying the market for recycled polyethylene, with 30 per cent of its polyethylene sales[i] from recycled contet; Be at the forefront of decarbonization by reducing its Scope 1 and 2 absoute CO2 emissions by 30 per cent[ii]; and Become a Top 30 company in Canada. Outlined in NOVA 2030: Our Roadmap to Sustainability Leadership, NOVA Chemicals has also shared its aspiration to reach net-zero Scope 1 and 2 emissions by 2050. “NOVA’s Roadmap to Sustainability Leadership details a strong plan forward for the company to become the leader in sustainable polyethylene production while building on our commitments to developing innovative solutions for our customers, enabling the circular economy, and being a responsible steward of our environment,” stated Danny Dweik, CEO. “Plastic products play an essential role in our daily lives. With our renewed purpose of reshaping plastics for a better, more sustainable world, we have developed a clear pathway to become a catalyst for a low carbon, zero-plastic-waste future.” To achieve these aspirations, NOVA Chemicals anticipates investing between USD$2-4 billion by 2030 to expand its sustainable product offerings, decarbonize assets, and build a state-of-the-art mechanical recycling business while exploring new advanced recycling technologies to create high-quality, high-performance recyclable and low carbon plastics. Building on its proprietary, Advanced SCLAIRTECHTM technology, NOVA Chemicals will explore expanding its product portfolio to include the development of innovative, advanced materials. These new product offerings, which will include the company’s first ASTUTE™ polyolefin plastomers line, will better serve existing customers and provide more options for sustainability-focused end markets such as electric vehicles and renewables. NOVA Chemicals has already begun growing its portfolio of recycled and recyclable polyethylene resins through its recently announced launch of SYNDIGO™ recycled polyethylene, a new portfolio of products made from circular polymers to encourage both waste and emissions reductions. The company’s 2030 aspirations are shorter-term objectives that will help NOVA Chemicals reach its ultimate goal of achieving net-zero Scope 1 and 2 absolute CO2 emissions by 2050. NOVA Chemicals has developed a technical solutions-focused roadmap for decarbonizing its asset base by improving energy efficiencies, electrifying and acquiring renewable power, and exploring clean hydrogen as a low carbon fuel source and Carbon Capture, Utilization, and Storage. The company will also continue to pursue new technologies to abate and eliminate emissions from its production processes, such as the development of its proprietary Low Emissions Ethylene Process technology. The company has also announced a virtual power purchase agreement (VPPA) with Shell Energy for renewable power, marking the first of many opportunities to increase low carbon, renewable energy in its power portfolio. Today’s announcement builds upon NOVA Chemicals’ long-standing commitment to developing innovative solutions for its customers while enabling the circular economy and preparing for and responding to a changing world. NOVA’s approach to managing its material ESG topics including Responsible Care® and its commitment to the environment, health, and safety, can be found in its annual ESG report. About NOVA Chemicals Corporation NOVA Chemicals aspires to be the leading sustainable polyethylene producer in North America. Our driving purpose is to reshape plastics for a better, more sustainable world by delivering innovative solutions that help make everyday life healthier and safer and acting as a catalyst for a low carbon, zero-plastic-waste future. NOVA Chemicals’ innovative and quality product offerings, value chain collaboration, and unique customer experience is what sets us apart; our customers use our products to create easy-to-recycle and recycled content films, packaging, and products.

Read More

CHEMICAL MANAGEMENT, PRODUCTS AND TECHNOLOGIES

Purecycle Mitsui Sign Heads of Agreement

PureCycle Technologies | March 21, 2023

PureCycle Technologies and Mitsui & Co. Ltd. announced a signed heads of agreement (HOA) to develop and operate a polypropylene (PP) recycling plant in Japan. Mitsui is a global trading and investment company with a diversified business portfolio based in Tokyo. In September of 2021, the two sides announced a signed memorandum of understanding. The two sides are targeting completion of a plant in 2026. The first plant is designed to transform PP waste into an ultra-pure recycled resin and expected to have an annual capacity of 59,000 metric tons. PureCycle CEO Dustin Olson said, "We need strong global partners like Mitsui to solve the global plastic waste crisis. This HOA is a major step forward in the process of bringing a true circular solution to Japan for polypropylene plastic waste. The final options for site locations are located between major population and industrial centers, so we can optimize supply chain activities for both feed and product. We believe this site will become a strategic sustainable supply location for critical Japanese industries like automotive, electronics, and consumer product companies." PureCycle uses a patented technology that can remove virtually all contaminants, colors and odors from polypropylene plastic waste and transform it into an ultra-pure plastic resin that can be used multiple times. Chief Operating Officer of the Performance Materials Business Unit at Mitsui Hiroshi Kakiuchi commented, "Mitsui has identified 'sustainability management and the evolution of ESG' as key areas of its Corporate Strategy. Through this new joint project with PureCycle, Mitsui aims to contribute to the overall reduction of plastic waste and the establishment of a circular economy in Japan. By securing plastic waste as the raw material, manufacturing recycled polypropylene resin, and expanding the applications of the material for consumer goods, food containers and automobile interiors, Mitsui aims to make a significant contribution to the creation of the more sustainable society." This is the latest example of PureCycle's global-growth strategy. Earlier this year, the company announced the site of its first polypropylene recycling facility in Europe at the Port of Antwerp-Bruges' Next Gen District in Belgium. PureCycle's first PP recycling plant in Asia is planned to open in 2025 in South Korea. About PureCycle Technologies PureCycle Technologies LLC., a subsidiary of PureCycle Technologies, Inc., holds a global license for the only patented solvent-driven purification recycling technology, developed by The Procter & Gamble Company (P&G), that is designed to transforms polypropylene plastic waste (designated as No. 5 plastic) into a continuously renewable resource. The unique purification process removes color, odor, and other impurities from No. 5 plastic waste resulting in an ultra-pure recycled (UPR) plastic that can be recycled and reused multiple times, changing our relationship with plastic.

Read More

CHEMICAL TECHNOLOGY, CHEMICAL MANAGEMENT

Ingevity Highlights New Technology and Offerings at European Coatings Show 2023

Ingevity | March 15, 2023

On March 14, 2023, Ingevity Corporation announced that it will participate at the European Coatings Show 2023 in Nuremberg, Germany, to showcase its Capa® caprolactone high-performance polyol technology as well as the company's expanded vegetable oil-based products that can be used to improve coating formulations. The engineered polymers team at Ingevity will display the versatility of Capa polyols for both waterborne and high-solid coating applications. Amanda Tosh, who works at Ingevity as a coatings application manager, will present a study about the benefits of using polycaprolactone-based polyols in 2K polyurethane coatings. The study oversees how Capa polyols can be used to make more durable and sustainable coatings for longer. Steve Hulme, Senior Vice President, Performance Chemicals and President, Engineered Polymers at Ingevity, said, "The versatility and durability of Capa polyols make them an ideal choice for a number of high-performance polyurethane coating applications." He also mentioned, "We look forward to discussing the benefits of Capa, including showcasing the sustainability benefits of our biodegradable Capa thermoplastic product range, and its application for the paper coatings industry." (Source – Business Wire) The industrial specialties team at Ingevity will display its vegetable oil-based products, such as the recently launched low-color vegetable oil-based fatty acid, AltaVeg FA 120, that is suitable for use in coatings and other applications. "We are excited to launch our low-color AltaVeg FA 120," said Rich White, Senior Vice President, Performance Chemicals and President of Industrial Specialties and Pavement Technologies at Ingevity. "Ingevity's ability to offer vegetable oil-based fatty acid products provides additional options for customers needing stronger, more durable alkyd coatings that maintain high gloss." (Source – Business Wire) About Ingevity Headquartered in North Charleston, South Carolina, Ingevity is a leading provider of products and technologies that protect, purify, and enhance the world. With the help of a team of experienced and intelligent people, the company develops, manufactures, and provides solutions that assist customers in solving challenging problems and making the world a better place to live. Ingevity operates in two reporting segments: Performance Chemicals which includes engineered polymers and specialty chemicals, and Performance Materials, which includes high-performance activated carbon. These products are used in a wide range of demanding applications, such as adhesives, asphalt paving, elastomers, bioplastics, agrochemicals, coatings, publication inks, lubricants, pavement markings, oil exploration and production.

Read More

CHEMICAL MANAGEMENT, MARKET OUTLOOK

NOVA Chemicals sets bold ESG aspirations to lead the plastics circular economy

Globenewswire | March 23, 2023

NOVA Chemicals Corporation announced sector-leading ESG ambitions to drive the circular economy for plastics, in line with its vision to become the leading sustainable polyethylene producer in North America. By 2030, the company aims to Set new industry standards for driving the transition to the plastics circular economy and solidifying the market for recycled polyethylene, with 30 per cent of its polyethylene sales[i] from recycled contet; Be at the forefront of decarbonization by reducing its Scope 1 and 2 absoute CO2 emissions by 30 per cent[ii]; and Become a Top 30 company in Canada. Outlined in NOVA 2030: Our Roadmap to Sustainability Leadership, NOVA Chemicals has also shared its aspiration to reach net-zero Scope 1 and 2 emissions by 2050. “NOVA’s Roadmap to Sustainability Leadership details a strong plan forward for the company to become the leader in sustainable polyethylene production while building on our commitments to developing innovative solutions for our customers, enabling the circular economy, and being a responsible steward of our environment,” stated Danny Dweik, CEO. “Plastic products play an essential role in our daily lives. With our renewed purpose of reshaping plastics for a better, more sustainable world, we have developed a clear pathway to become a catalyst for a low carbon, zero-plastic-waste future.” To achieve these aspirations, NOVA Chemicals anticipates investing between USD$2-4 billion by 2030 to expand its sustainable product offerings, decarbonize assets, and build a state-of-the-art mechanical recycling business while exploring new advanced recycling technologies to create high-quality, high-performance recyclable and low carbon plastics. Building on its proprietary, Advanced SCLAIRTECHTM technology, NOVA Chemicals will explore expanding its product portfolio to include the development of innovative, advanced materials. These new product offerings, which will include the company’s first ASTUTE™ polyolefin plastomers line, will better serve existing customers and provide more options for sustainability-focused end markets such as electric vehicles and renewables. NOVA Chemicals has already begun growing its portfolio of recycled and recyclable polyethylene resins through its recently announced launch of SYNDIGO™ recycled polyethylene, a new portfolio of products made from circular polymers to encourage both waste and emissions reductions. The company’s 2030 aspirations are shorter-term objectives that will help NOVA Chemicals reach its ultimate goal of achieving net-zero Scope 1 and 2 absolute CO2 emissions by 2050. NOVA Chemicals has developed a technical solutions-focused roadmap for decarbonizing its asset base by improving energy efficiencies, electrifying and acquiring renewable power, and exploring clean hydrogen as a low carbon fuel source and Carbon Capture, Utilization, and Storage. The company will also continue to pursue new technologies to abate and eliminate emissions from its production processes, such as the development of its proprietary Low Emissions Ethylene Process technology. The company has also announced a virtual power purchase agreement (VPPA) with Shell Energy for renewable power, marking the first of many opportunities to increase low carbon, renewable energy in its power portfolio. Today’s announcement builds upon NOVA Chemicals’ long-standing commitment to developing innovative solutions for its customers while enabling the circular economy and preparing for and responding to a changing world. NOVA’s approach to managing its material ESG topics including Responsible Care® and its commitment to the environment, health, and safety, can be found in its annual ESG report. About NOVA Chemicals Corporation NOVA Chemicals aspires to be the leading sustainable polyethylene producer in North America. Our driving purpose is to reshape plastics for a better, more sustainable world by delivering innovative solutions that help make everyday life healthier and safer and acting as a catalyst for a low carbon, zero-plastic-waste future. NOVA Chemicals’ innovative and quality product offerings, value chain collaboration, and unique customer experience is what sets us apart; our customers use our products to create easy-to-recycle and recycled content films, packaging, and products.

Read More

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