CHEMICAL MANAGEMENT, PRODUCTS AND TECHNOLOGIES
Aduro Clean Technologies Inc. | December 05, 2022
Aduro Clean Technologies Inc. a Canadian developer of patented water-based technologies to chemically recycle plastics and transform heavy crude and renewable oils into new-era resources and higher-value fuels, announces it has completed construction and mechanical assembly of its pilot-scale Hydrochemolytic™ continuous flow plastic reactor.
Plans for testing and certifications are in place and final certification by the Technical Standard and Safety Authority is progressing with registration expected later this month. Once certified, the reactor unit will be moved to the newly expanded laboratory in London, Ontario for final testing and commissioning.
The R2 Plastic unit is the Company’s customer engagement unit and is designed to handle various plastic feedstocks such as polyethylene, polypropylene, and polystyrene as single-stream materials, followed by a mixture of these feedstock streams. The R2 Plastic will also be used to evaluate the impact of materials found in multilayer plastics, such as paper, paper board, polymeric materials, metalized layers, and aluminum foil, effectively advancing Aduro’s plans of processing higher contaminated materials which are currently rejected by existing technologies. This is important data that will support the Company’s established scale-up and optimization program for the scaled-up pilot: R3 Plastic.
In 2022, the Company undertook several projects including the construction of both the plastic upcycling and bitumen upgrading reactor units, the construction of a flash drum unit for pre-processing bitumen feedstock, and the expansion of laboratory facilities and laboratory capabilities that will centralize the Company’s resources for more efficient execution of our R&D, scale-up and commercialization plans.
Completion of these projects positions the Company to execute in 2023 the R2 Reactor research and testing optimization program, the implementation of the customer engagement program and the delivery of reactor unit design, equipment procurement, fabrication, and commissioning of the scaled-up pre-commercial R3 Reactor unit.
About Aduro Clean Technologies
Aduro Clean Technologies is a developer of patented water-based technologies to chemically recycle waste plastics; convert heavy crude and bitumen into lighter, more valuable oil; and transform renewable oils into higher-value fuels or renewable chemicals. The Company’s Hydrochemolytic™ technology activates unique properties of water in a chemistry platform that operates at relatively low temperatures and cost, a game-changing approach that converts low-value feedstocks into 21st-century resources.
PRODUCTS AND TECHNOLOGIES, MARKET OUTLOOK
TotalEnergies | December 06, 2022
TotalEnergies and Air France-KLM have signed a Memorandum of Understanding for the delivery of more than one million cubic metres/800,000 tonnes of Sustainable Aviation Fuel by TotalEnergies to Air France-KLM Group airlines over the 10-year period from 2023.
This sustainable aviation fuel will be produced by TotalEnergies at its biorefineries. It will be made available to Air France-KLM Group’s airlines, mainly for flights departing from France and the Netherlands.
The sustainable aviation fuels reduce CO2 emissions by at least 80% on average over the entire lifecycle, compared with their fossil equivalent.
Air France-KLM has implemented a strict sourcing policy and is committed to purchasing only SAFs that do not compete with human food or animal feed, that are RSB* or ISCC** certified for sustainability, and that are not derived from palm oil.
With the signing of this MoU, Air France-KLM and TotalEnergies confirm their collaboration and their goal of furthering the development of a more responsible aviation sector.
A long-standing partnership in support of aviation sector decarbonization
Air France-KLM Group and TotalEnergies have been collaborating on the use of sustainable aviation fuel for nearly 10 years. Their partnership began with “Lab Line for the Future” in 2014, a two-year experiment during which 78 flights between Paris-Orly and Toulouse and between Paris-Orly and Nice were powered by 10% SAF supplied by TotalEnergies.
In January 2020, Air France and TotalEnergies participated, alongside Safran and Suez, in the Call for Expression of Interest launched by the French government aimed at developing sustainable aviation fuel production in France.
“Biofuel development is one of our Company’s strategic priorities. This new partnership with Air France-KLM exemplifies the excellence of industry and French aerospace in committing to a more sustainable aviation sector. By directly reducing the carbon intensity of the energy products used by our air transport customers, we are actively working with them to achieve net-zero emissions by 2050, together with society,” said Patrick Pouyanné, Chairman and CEO of TotalEnergies.
“Air France-KLM is fully committed to advancing SAF production in Europe and around the world. This Memorandum of Understanding with TotalEnergies is another building block in the development of French production that can meet the airlines’ needs, marking a milestone in the successful decarbonization of our business. We continue to step up our efforts to reduce the impact of our operations as quickly as possible, and we look forward to working with TotalEnergies to accelerate our efforts to reduce the impact of our operations as quickly as possible,”
Benjamin Smith, Chief Executive Officer of Air France-KLM
TotalEnergies and sustainable aviation fuels
TotalEnergies is developing sustainable aviation fuels. These are biofuels made from waste and residue sourced from the circular economy synthetic fuels for aviation. These sustainable aviation fuels will significantly reduce CO2 emissions from air transport. TotalEnergies aims to produce 1.5 million tonnes of sustainable aviation fuel by 2030.
TotalEnergies and aviation
With nearly 280 airlines supplied at more than 300 airports worldwide, TotalEnergies is one of the leaders in aviation refuelling in France, Europe and Africa. The Company offers a comprehensive range of products and services to meet the needs of each of its customers: business and leisure aviation, the aerospace industry, airports, airlines, etc.
TotalEnergies is a global multi-energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity. Our more than 100,000 employees are committed to energy that is ever more affordable, cleaner, more reliable and accessible to as many people as possible. Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people.
About Air France-KLM
A global player with a strong European base, Air France-KLM is a leading airline Group in terms of international traffic on departure from Europe. It offers its customers access to a worldwide network, covering over 310 destinations thanks to Air France, KLM Royal Dutch Airlines and Transavia, mainly from its hubs at Paris-Charles de Gaulle and Amsterdam-Schiphol.
Together with its partners Delta Air Lines and Virgin Atlantic, Air France-KLM operates the largest transatlantic joint venture, with more than 340 daily flights in 2019.
Air France-KLM is also a member of the SkyTeam, the alliance dedicated to providing passengers with a more seamless travel experience at every step of their journey 18 member airlines working together across an extensive global network.
Recognized for 18 years as an industry leader in sustainable development, the Air France-KLM Group is determined to accelerate the transition to more sustainable aviation. Since 2003, the Air France-KLM Group has been a member of the United Nations Global Compact. The aim is to make a significant contribution to the UN Sustainable Development Goals in connection with the Group’s activities.
Umicore | November 24, 2022
Umicore has successfully completed the issue of a fixed-rate, sustainability linked US Private Placement Notes for a total principal amount of € 591 million equivalent1. The Notes, which were placed with more than 15 institutional investors, attracted interest both from investors who participated in Umicore’s 2017 and 2019 placements as well as new investors.
The transaction, of which the funds will be drawn upon in January 2023, is composed of several tranches with maturities ranging from 5 to 12 years corresponding to a weighthed average maturity of more than eight years.
This issue further ties the Group’s funding to its sustainability performance. The interest rate of the Notes will be directly linked to Umicore’s progress towards the carbon neutrality goals formulated in its “Let’s go for Zero” sustainability ambitions, launched in June 2021. In “Let’s go for Zero”, the Group commits to reaching carbon neutrality in 2035, with intermediate targets to reduce its Scope 1 & 2 greenhouse gas emissions by 20% in 2025 and by 50% in 2030.
Through the successful completion of this private placement offering, Umicore substantially diversifies and extends its funding basis and the maturity of its debt at fixed rate conditions. The proceeds of the offering will be used for general corporate purposes. This includes in particular the funding of Umicore’s growth projects under its “2030-RISE” strategy in the areas of mobility transformation, growing need for advanced materials and circularity.
“The success of this Private Placement issue, against a volatile financial market backdrop, demonstrates the strength of our relationships with institutional debt investors and provides a strong validation of Umicore’s “2030-RISE” strategic plan designed to accelerate value creative growth. This transaction will provide us with additional attractively priced, fixed-rate, long-dated financing and will support the execution of our ambitious “2030-RISE” growth strategy. Furthermore, it underscores the growing awareness of the social and sustainability impact of financing decisions in a context of climate change and resource scarcity and demonstrates Umicore’s strong commitment to its “Let’s go for Zero” sustainability ambitions to achieve carbon neutrality by 2035.”
Wannes Peferoen, CFO of Umicore
The issue will complement the three existing private debt placements of a total amount of € 1,080 million, the Convertible Bond of € 500 million and the loan from the European Investment Bank of € 125 million. In addition, Umicore has committed currently undrawn Syndicated Bank Credit Facilities of a total amount of approximately € 1 billion and substantial additional uncommitted shorter-term funding instruments.
Umicore is the circular materials technology Group. It focuses on application areas where its expertise in materials science, chemistry and metallurgy makes a real difference. Its activities are organised in three business groups: Catalysis, Energy & Surface Technologies and Recycling. Each business group is divided into market-focused business units offering materials and solutions that are at the cutting edge of new technological developments and essential to everyday life.
Umicore generates the majority of its revenues and dedicates most of its R&D efforts to clean mobility materials and recycling. Umicore’s overriding goal of sustainable value creation is based on an ambition to develop, produce and recycle materials in a way that fulfils its mission: materials for a better life.
Umicore’s industrial and commercial operations as well as R&D activities are located across the world to best serve its global customer base. The Group generated revenues of € 2.1 billion in the first half of 2022 and currently employs 11,350 people.
About Umicore’s “Let’s go for Zero” ambitions
At Umicore, we see it as our corporate responsibility, or better yet, our mission to use our technological know-how, scientific expertise and corporate reach to be an industry leader in sustainability. We are determined to rethink processes, transform and focus our efforts on net zero GHG emissions, zero regrets and endless possibilities.