CHEMICAL MANAGEMENT, PRODUCTS AND TECHNOLOGIES
Origin Materials | January 30, 2023
Origin Materials, Inc., the leading global carbon-negative materials firm with a mission to accelerate the global transition to sustainable materials, announced the mechanical completion of Origin 1, the firm's first commercial manufacturing plant, following the previously disclosed schedule.
Critical mechanical systems were successfully installed, and commissioning has commenced as part of mechanical completion. Work will continue on-site, including electrical work, the addition of new equipment, and the refinement of technology.
Following this significant accomplishment, work will continue at the facility, with plant commissioning to support the startup scheduled to be completed by the end of the first quarter of 2023 and the startup commencing soon after. Origin 1 is anticipated to address the increasing customer demand for the company's renewable materials and enable clients to qualify products and applications beyond PET. On its next earnings call, the company aims to release forecasts for sales, EBITDA, and other financial measures for 2023.
About Origin Materials
Origin Materials, headquartered in West Sacramento, is one of the world's foremost carbon-negative materials firms. The mission of Origin is to facilitate the global transition to sustainable resources. The firm has spent more than a decade developing a platform for converting the carbon present in affordable, abundant, non-food biomass such as sustainable wood wastes into valuable commodities while simultaneously absorbing carbon. Its unique technology platform has the potential to change the manufacture of a vast array of end goods, including clothes, textiles, plastics, packaging, auto components, carpets, and toys, with an addressable market of about $1 trillion. Additionally, the company's technological platform is anticipated to deliver consistent pricing substantially decoupled from the petroleum supply chain, which is more volatile than supply networks based on sustainable wood wastes. The patent-protected drop-in core technology, economics, and carbon effect of Origin are backed by an expanding number of worldwide investors and customers.
CHEMICAL TECHNOLOGY, SCIENCE AND RESEARCH
Albemarle | February 01, 2023
Albemarle Corporation, a global leader in the specialty chemicals industry, recently announced the official brand launch of its wholly-owned subsidiary Ketjen. Ketjen develops advanced catalyst solutions for specialty chemicals, refining, and petrochemical industries.
After declaring plans to manage the business as a subsidiary, the corporation revealed the new name of its catalysts division in November 2022. As an individual brand, Ketjen will continue to help customers on their individual energy transition journeys, ranging from fluidized catalytic cracking to hydro-processing to clean fuels to organometallics and curatives.
Raphael Crawford, President at Ketjen, said, "As the industry responds to global market dynamics, our customers need innovative solutions to help them navigate their changing landscapes." He also added, "Ketjen will continue to provide its portfolio of advanced catalyst and specialty chemicals solutions, which are unique to each customer's needs, to increase production performance and business value."
(Source – Cision PR Newswire)
Ketjen is a multi-divisional company headquartered in Houston, Texas, that provides Fluidized Catalytic Cracking (FCC), Clean Fuels and Performance Catalyst & Curative and Hydroprocessing Catalysts (HPC) Solutions to customers in the petrochemical, refining, and specialty chemical industries (PCS). Operations at Ketjen will be managed by Albemarle's existing advanced catalyst solutions division.
Kent Masters, CEO at Albemarle, "The launch of Ketjen continues our legacy as a partner-of-choice for industry leaders." He further mentioned, "Establishing Ketjen under this separate structure will allow the business even greater focus and continued development of custom, high-impact catalyst products."
(Source – Cision PR Newswire)
The team of experienced professionals at Ketjen takes a versatile, hands-on approach to customer operations, advising and leading on crucial tasks. Ketjen will be the market leader in advanced catalyst solutions thanks to its extensive involvement in the sector and its continuing long-term partnerships with big enterprises.
Albemarle Corporation is a worldwide specialty chemicals corporation that thinks outside of the box to help companies in many of the world's biggest and most important industries, such as energy, transportation, and electronics, reach their full potential. The company works hard to find a way to manage its diverse geographic reach of world-class resources in a way that is sustainable.
Together with its highly skilled and experienced global teams, deep-rooted values, and close relationships with the customers, Albemarle creates solutions with added value and better performance that make the future safer and more sustainable.
CHEMICAL TECHNOLOGY, CHEMICAL MANAGEMENT
Quaker Houghton | January 31, 2023
On January 30, 2023, Quaker Houghton announced that it has signed a contract with Constellation to acquire Renewable Energy Certificates (RECs) to meet roughly half of its entire U.S. based electricity requirements.
Constellation's RECs are Green-e® Energy Certified and sourced from wind and solar energy facilities in the contiguous United States. Throughout the contract's life, 100% of the electricity purchased by specific Quaker Houghton U.S. sites will be acquired from a renewable source or matched with RECs, which are subsequently retired. Each Renewable Energy Certificate that has been retired represents the environmental benefits of one megawatt-hour (MWh) of electricity produced by a renewable generator.
Through the acquisition of Renewable Energy Certificates (RECs), Quaker Houghton supports the operation and development of facilities that generate clean, renewable energy in regions where on-site production is not viable.
Quaker Houghton's Chief Executive Officer and President, Andy Tometich, commented, "Sustainability is core to our business and is a critical, driving force in our long-term plan. We are pleased to accelerate the achievement of our greenhouse gas emissions targets through the use of renewable energy certificates and remain committed to delivering on our ambitious 2030 sustainability goals."
(Source – PR Newswire)
Constellation's Senior Vice President, Retail, Daniel J. Verbanac, stated, "Constellation is pleased to support the sustainability goals of our customers." He added, "As America's leading clean energy producer, Constellation lauds Quaker Houghton's choice of renewable energy which helps reduce pollution and demonstrates a commitment to the environment."
(Source – PR Newswire)
About Quaker Houghton
Headquartered in Conshohocken, Pennsylvania, Quaker Houghton is a global leader in industrial process fluids. Its high-performance, innovative, and sustainable solutions are supported by best-in-class technology, deep process expertise, and personalized services. The company has over 4,000 personnel and operates in more than 25 countries. Its clients include the world's renowned advanced steel, aluminum, offshore, automotive, aerospace, mining, can, and metalworking firms. Its chemists, engineers, and industry experts work with businesses to continuously enhance their operations so that they can function even more efficiently and successfully in the future.