CHEMICAL MANAGEMENT, MARKET OUTLOOK
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.
CHEMICAL TECHNOLOGY, CHEMICAL MANAGEMENT
Cabot Corporation | March 06, 2023
Cabot Corporation has introduced E2C™ DX9660, an innovative solution that offers enhanced rubber durability and high abrasion resistance. This new product provides a 30% increase in abrasion resistance compared to traditional compounds, expanding Cabot's portfolio of E2C solutions for on-road commercial tire and industrial rubber product applications. Cabot has also completed its first-ever life cycle assessment (LCA) of an E2C solution in an on-road truck tire application, demonstrating its commitment to sustainability and reducing environmental impact.
The rubber industry is under pressure to reduce environmental impact and increase sustainability benefits throughout the lifecycle of its products. This has resulted in global demand for solutions that increase raw material efficiency, reduce greenhouse gas emissions, and minimize end-of-life product waste. Cabot Corporation's E2C solutions offer pre-mixed composites that maximize the performance of primary raw materials, resulting in significant reductions in net emissions from end products. These solutions can also reduce Scope 2 GHG emissions during tire and rubber production.
Cabot's newly launched DX9660 product complements its E2C™ DX9640 solution. The DX9640 solution reduces energy loss, a significant factor in rolling resistance while providing excellent abrasion resistance. In a recent on-road tire test, the DX9640 decreased rolling resistance by more than 10% and increased tire tread durability by 12% compared to standard compounds. By reducing energy loss and increasing tire tread life, the DX9640 solution can help reduce fuel consumption in vehicle fleets, leading to lower greenhouse gas emissions and decreasing the amount of end-of-life tire waste.
Cabot Corporation's commitment to sustainability has led them to complete a life cycle assessment (LCA) to evaluate the environmental impact of their E2C solutions in commercial tire treads. The assessment showed that their E2C DX9640 solution could significantly reduce emissions and environmental impacts. Key findings from the LCA include up to a 6% reduction in greenhouse gas emissions through lower rolling resistance and an over 10% decrease in net emissions from tire production due to more excellent tire durability.
About Cabot Corporation
Cabot Corporation is a worldwide specialty chemicals and performance materials company based in Boston, Massachusetts. It offers a diverse range of products and solutions that cater to industries such as automotive, aerospace, construction, and healthcare. Cabot operates in more than 20 countries and employs over 3,000 people worldwide. Its focus is on creating value for stakeholders while reducing environmental impact. The company is committed to sustainability and invests in innovative solutions to drive long-term growth. It has a strong reputation for quality and innovation in its field and continues to expand its capabilities.
CHEMICAL TECHNOLOGY, CHEMICAL MANAGEMENT
Danimer Scientific | March 09, 2023
Danimer Scientific, Inc. commends the City of Jacksonville for its newly launched pilot program offering organic recycling solutions to restaurants in the Riverside and Avondale areas. Sunshine Organics and Compost, also known as Compost Jax, is partnering with the city to execute the six-month program.
After receiving training on proper diversion procedures, restaurants will have their food waste collected and delivered to the Sunshine Organics and Compost facility by the city every week for six months as part of the program launched on March 1. The accumulated food residues will be transformed into nutrient-rich compost that can be used to replenish soils and support the growth of more food.
Most of Northeast Florida's food waste is in landfills, making up a considerable portion of solid waste. As organic waste decomposes in landfills, it produces hazardous methane that can contribute to climate change. Industrial composting, on the other hand, provides an eco-friendly way to treat organic waste, such as food waste, yard waste, and other organic matter, potentially lengthening the lifespan of landfills by years.
Sunshine Organics and Compost is authorized to process food and yard waste and can accept certified industrially compostable products, including Danimer Scientific's Nodax® PHA. This makes it different from other composting operations in the Jacksonville region. The Nodax® PHA created by Danimer Scientific is appropriate for food packaging applications because it has FDA approval for food contact and can decompose without generating any pollution.
About Danimer Scientific
Danimer Scientific is a biopolymer manufacturer that creates sustainable and eco-friendly materials. The company uses natural resources like canola, corn, and other plant-based oils to develop compostable, biodegradable products that replace traditional plastic materials. Its products are designed to reduce waste and promote sustainability, and its technology has applications in various industries, including food packaging, textiles, and more. Danimer Scientific is headquartered in Bainbridge, Georgia, and is committed to reducing the negative impact of plastics on the environment and creating a cleaner, more sustainable future.