Chemical Management
prnewswire | October 03, 2023
Olin Corporation announced that it has completed the previously announced acquisition of White Flyer Targets, North America's preeminent leader in recreational trap, skeet, and sporting clay targets. White Flyer will be combined with the Winchester Ammunition business.
The acquisition includes White Flyer's five state of the art manufacturing facilities in Coal Township, Pennsylvania; Dalton, Georgia; Webb City, Missouri; Knox, Indiana; and, San Bernardino, California and includes White Flyer's recently announced ECO FLYER® target product line.
"We welcome our new White Flyer teammates," noted Brett Flaugher, president of Winchester Ammunition. "Together, we can enhance the continued growth of trap, skeet, sporting clays, and other shotgun sports. These two leading brands are renowned for unmatched quality and now offer increased value to our customers through comprehensive ammunition and clay target solutions for the thousands of shooting ranges across America."
Olin funded the transaction with cash on hand and anticipates that the transaction will be immediately accretive to Olin's shareholders.
OLIN COMPANY DESCRIPTION
Olin Corporation is a leading vertically-integrated global manufacturer and distributor of chemical products and a leading U.S. manufacturer of ammunition. The chemical products produced include chlorine and caustic soda, vinyls, epoxies, chlorinated organics, bleach, hydrogen, and hydrochloric acid. Winchester's principal manufacturing facilities produce and distribute sporting ammunition, law enforcement ammunition, reloading components, small caliber military ammunition and components, industrial cartridges, and clay targets.
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Chemical Management
businesswire | September 28, 2023
908 Devices Inc. a pioneer of purpose-built handheld and desktop devices for chemical and biochemical analysis, announces that it has entered the initial production phase of the Aerosol and Vapor Chemical Agent Detector (AVCAD) program. The company and its partner on the project, Smiths Detection, will initially produce 122 systems in this next phase.
The systems, which have been in development and testing since 2019, are a next generation chemical detector, designed to detect, identify, alarm and report the presence of traditional and advanced threat vapors and aerosols. Using a wireless remote alarm capability, the AVCAD, which can be mounted or portable, will support missions for the U.S. Army, Navy, Coast Guard, and Marine Corps.
To ensure the highest level of detection and to meet the key deployment needs of the U.S. Department of Defense, the AVCAD features the company’s High Pressure Mass Spectrometry (HPMS) technology. Mass spectrometry is considered to be the gold standard of analytical lab techniques. 908 Devices’ proprietary HPMS technology leverages micro scale geometries and high frequency electronics to enable an efficient regime of vacuum operation for a significant reduction in device size and power consumption compared to conventional lab instruments.
“908 Devices is pleased to continue working with the U.S. Department of Defense and our partner, Smiths Detection, on this enterprise, multi-year program,” said Kevin J. Knopp, CEO and Co-founder of 908 Devices. “Being selected for this limited production phase validates our technology as a new standard for chemical detection and we are truly honored to have a role in protecting our U.S. military.”
About 908 Devices
908 Devices is revolutionizing chemical and biochemical analysis with its simple handheld and desktop devices, addressing critical-to-life applications. The Company’s devices are used at the point-of-need to interrogate unknown and invisible materials and provide quick, actionable answers to directly address some of the most critical problems in life sciences research, bioprocessing, pharma/biopharma, forensics and adjacent markets. The Company is headquartered in the heart of Boston, where it designs and manufactures innovative products that bring together the power of mass spectrometry, microfluidic sampling and separations, software automation, and machine learning.
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Chemical Technology, Market Outlook
Globenewswire | July 13, 2023
Technip Energies and LanzaTech Global, Inc. signed a Joint Collaboration Agreement to create a new pathway to sustainable ethylene utilizing their combined technologies. Together LanzaTech’s carbon capture and utilization technology with Technip Energies’ Hummingbird® technology transform waste carbon into ethylene, the most common building block in petrochemicals.
Ethylene is a building block for thousands of chemicals and materials, including plastics, detergents, and coatings that keep hospitals sterile, people safe, and food fresh. Its traditional production process is also one of the largest sources of carbon dioxide emissions in the chemical industry and remains one of its most challenging processes to decarbonize. This new joint process uses carbon emissions as the starting point rather than virgin fossil carbon. First, up to 95% of the CO2 in the flue gas is captured from the furnaces of an ethylene cracker and mixed with hydrogen. Next LanzaTech’s biorecycling technology transforms the captured waste carbon into ethanol. Finally, Technip Energies’ Hummingbird® technology dehydrates the ethanol to ethylene.
Technip Energies and LanzaTech have collaborated on other sustainable solutions since 2020, including a partnership with Borealis and On, the Swiss running shoe company, to make EVA foam for the sole of running shoes. Technip Energies also partners with LanzaJet, an independent company formed and spun off by LanzaTech, which includes the Hummingbird® technology in the LanzaJet™ Alcohol-to-Jet process which makes sustainable aviation fuel from ethanol.
Arnaud Pieton, CEO of Technip Energies, stated: “We are very pleased to work with LanzaTech on another sustainable solution, this time to decarbonize ethylene. This breakthrough technology will not only capture carbon but will use it to make a valuable end product.”
Dr. Jennifer Holmgren, CEO of LanzaTech, said: “By combining and integrating our process with that of Technip Energies, we have the potential to retrofit onto ethylene crackers around the world, supporting decarbonization of a sector that has limited choices today. The sustainable production of one of the most used commodity chemicals will have an impact on the lives of billions of people daily. Through partnerships such as this one with Technip Energies, we are creating meaningful pathways to break free from virgin fossil inputs for the things we use in our daily lives.”
About Technip Energies
Technip Energies is a leading Engineering & Technology company for the energy transition, with leadership positions in Liquefied Natural Gas (LNG), hydrogen and ethylene as well as growing market positions in blue and green hydrogen, sustainable chemistry and CO2 management. The company benefits from its robust project delivery model supported by extensive technology, products and services offering.
About LanzaTech
Headquartered in Skokie, IL, LanzaTech Global, Inc. captures waste carbon and transforms it into materials such as sustainable fuels, fabrics, packaging, and other products. Using a variety of waste feedstocks, LanzaTech’s technology platform highlights a future where consumers are not dependent on virgin fossil feedstocks for everything in their daily lives. LanzaTech’s goal is to challenge and change the way the world uses carbon, enabling a new circular carbon economy where carbon is reused rather than wasted, skies and oceans are kept clean, and pollution becomes a thing of the past.
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