Businesswire | June 02, 2023
Azelis a leading innovation service provider in the specialty chemicals and food ingredients industry, announces that it has signed an agreement to acquire 100% of the shares of Sirius International (“Sirius”), a well-established distributor of specialty chemicals in the Benelux market.
This acquisition complements Azelis’ lateral value chain in home care and industrial cleaning with an attractive portfolio and aligns perfectly with Azelis' ambition to become a world-leading innovation service provider. Pioneering in the formulation of sustainable cleaning products from biodegradable and/or recyclable chemical raw materials and with expertise in green chemicals, Sirius will reinforce Azelis' best-in-class sustainability program and enable it to offer innovative environmental solutions to its customers in the EMEA region and beyond.
Founded in 2004 by current CEO Leo Verboeket, Sirius is a distributor of environmentally friendly chemicals for the detergent, personal care and water treatment markets in Europe. Based in Baarn, the Netherlands, this team of experienced professionals has an established market position and longstanding relationships with its principals, providing innovative products to European customers.
Leo Verboeket, CEO Sirius, comments
“We are excited to join Azelis’ family, a company that shares our values and commitment to sustainability. We look forward to developing more innovative solutions for our customers and expanding the reach of our current offerings to customers worldwide. This partnership will allow us to leverage Azelis' global network and expertise in sustainable chemistry, as we work together towards our shared goal of making a positive impact on the environment and society.”
Evy Hellinckx, Managing Director Azelis Benelux, adds
“By joining forces with Sirius, we are delighted to strengthen our presence in, among others, the home care and industrial cleaning markets in the Benelux and EMEA region. We are committed to promoting sustainable solutions across all sectors of the chemical industry, and we believe that this partnership will help us achieve our goals. We look forward to working with the talented team at Sirius to drive innovation and deliver value to our customers, while staying true to our shared values of sustainability and responsible business practices.”
Azelis is a leading global innovation service provider in the specialty chemical and food ingredients industry, present in 63 countries across the globe with over 3,800 employees. Our knowledgeable teams of industry, market and technical experts are each dedicated to a specific market within Life Sciences and Industrial Chemicals. We offer a lateral value chain of complementary products to more than 59,000 customers, supported by +2,700 principal relationships, creating a turnover of €4.1 billion (2022). Azelis Group NV is listed on Euronext Brussels under ticker AZE.
CHEMICAL TECHNOLOGY, SCIENCE AND RESEARCH
NuScale Power | March 10, 2023
On March 9, 2023, NuScale Power Corporation, one of the top providers of the advanced nuclear small modular reactor (SMR) technology, announced that it has placed the first order with Doosan Enerbility for the first upper reactor pressure vessel (RPV) long lead material (LLM) production. Doosan is a world-class engineering and manufacturing company.
The materials ordered are crucial for producing the first NuScale Power Modules, anticipated to be operational at the Carbon Free Power Project of the Utah Associated Municipal Power Systems as early as 2029. NuScale Power and Doosan Enerbility also agree to manufacture extra modules for upcoming NuScale VOYGR™ SMR power plant projects with comparable delivery schedules.
President and CEO of NuScale, John Hopkins, said, "Finalizing and submitting this order to our valued partner, Doosan, showcases NuScale's transition to the manufacturing phase of our modules and highlights our advanced position in the market to deploy our SMR technology to customers by the end of the decade." He added, "Our strong relationships with experienced partners like Doosan demonstrate NuScale's robust global supply chain and positions us to meet the growing interest for NuScale VOYGR power plants that we are seeing around the world."
(Source – Businesswire)
To prepare for the long lead order, NuScale Power and Doosan began working together in April 2022 to manufacture the forging dies required for the upper RPV. Following the successful completion of this step, the newly-placed LLM order consists of heavy forgings, steam generator tubes, and welding material for six upper RPVs, totaling more than 2,000 tons in weight.
NuScale Power is enhancing its readiness in supply chain management by collaborating with a diverse group of high-quality manufacturers and suppliers both domestically and globally, in addition to Doosan Enerbility.
About NuScale Power
NuScale Power is a US-based company specializing in designing and developing small modular nuclear reactors (SMRs). Its innovative SMR technology offers a safer, cleaner, and more flexible solution for generating electricity, particularly in remote or off-grid areas. In addition, NuScale Power's SMRs are designed to be scalable, which can be combined to create larger power plants as needed. The company's mission is to provide reliable, affordable, and carbon-free energy to people worldwide while reducing traditional power sources' environmental impact.
CHEMICAL TECHNOLOGY, RAW MATERIALS
Businesswire | June 05, 2023
Global chemical company OQ Chemicals has launched Oxbalance TCD Alcohol DM, a sustainable alternative to conventional TCD Alcohol DM (Tricyclodecane Dimethanol). The ISCC PLUS-certified product is made from more than 70% biobased and biocircular feedstocks. OQ Chemicals recently increased its production capacity for TCD Alcohol DM in 2022 and is now expanding the application range for this product with the biobased variant. Due to its special properties, Oxbalance TCD Alcohol DM is suitable for the production of high-performance technical polymers such as polyesters, polycarbonates, and polyurethanes, as well as for use in adhesives, coatings and paints for the food packaging, electronics, and automotive industries.
“Our Oxbalance products provide our customers with a sustainable alternative to conventional fully synthetic products. Certified as biomaterials, they fully meet the specifications and qualities of conventional products without requiring a new approval or qualification. With these products that are mass-balanced according to ISCC PLUS, we offer our customers a solution that meets the growing demand for sustainable raw materials and the increasing requirements for complete transparency in the supply chain. Our customers can switch to our biobased Oxbalance products without compromising on performance or quality,” said David Faust, Executive Vice President Oxo Performance Chemicals at OQ Chemicals.
Dr. Oliver Borgmeier, CEO of OQ Chemicals, emphasized: “Oxbalance is our new line of biobased Oxo Performance Chemicals. We are proud to offer our customers sustainable alternatives to conventional fully synthetic products - first Oxbalance Isononanoic Acid and now Oxbalance TCD Alcohol DM. We will continue to expand our biobased portfolio. As an industry partner, we are growing together with our customers and developing sustainable solutions for the global market.”
The OxBalance product line uses the ISCC PLUS mass balance approach, which tracks renewable raw materials in chemical manufacturing processes and assigns them to the products. OxBalance is a registered trademark of OQ Chemicals.
About OQ Chemicals
OQ Chemicals (formerly Oxea) is a global manufacturer of Oxo Intermediates and Oxo Performance Chemicals such as alcohols, polyols, carboxylic acids, specialty esters, and amines. These are used to produce high-quality coatings, lubricants, cosmetic and pharmaceutical products, flavors and fragrances, printing inks, and plastics. OQ Chemicals employs more than 1,400 people worldwide and markets its chemicals in more than 60 countries. The company is part of OQ, an integrated energy company originating in Oman. More information is available at chemicals.oq.com.