CHEMICAL MANAGEMENT, PRODUCTS AND TECHNOLOGIES
Businesswire | March 27, 2023
New Energy Risk a wholly owned division of Paragon Insurance Group, and Green Circle, a wholly-owned division of Lummus Technology, announce a strategic partnership in which NER will serve as the preferred insurance supplier for Green Circle’s advanced waste plastic recycling technology.
Upon completing a thorough due diligence process, NER is prepared to provide technology performance insurance solutions to plant owners and operators who license Green Circle’s advanced waste plastic recycling technology. Since 2013, NER’s performance insurance has enabled the financing of over $3 billion for development of new and renewable clean energy technologies and other circular economy projects.
“NER provides an extremely valuable service to project owners looking to deploy early-stage technologies at scale through project finance,” said Greg Shumake, Managing Director of Green Circle. “They thoroughly evaluated our advanced waste plastic pyrolysis technology and are confident in its commercial viability. And as a result, it will be easier for our clients to develop bankable projects to drive a more circular economy.”
The waste plastic pyrolysis technology uses a thermochemical process for turning end-of-life plastics into a high-quality product that can be used to reduce the carbon intensity in the production of both transportation fuels and circular plastics. Green Circle is working across the sector, from Fortune 500 companies to independent project developers, to deploy technologies that close the loop of the plastic product lifecycle.
“Green Circle’s advanced waste plastic pyrolysis technology has been developed with a level of expertise and discipline that is rare,” said Brad Price, Managing Director of Technical Due Diligence at New Energy Risk. “We are proud to help accelerate the adoption of this technology by providing assurance to owners and investors that this technology will perform.”
Green Circle concentrates and expands Lummus Technology’s capabilities to capture new opportunities in the energy transition and circular economy. Green Circle is a leader in providing economically and technically sound solutions to: process solid wastes containing plastics; process various renewable bio-based feedstocks to value-added chemicals, polymers and fuels; decarbonize refinery and petrochemicals assets; and expand production of blue hydrogen and biofuels.
About Lummus Technology
Lummus Technology is the global leader in developing technology solutions that make modern life possible and focus on a more sustainable, low carbon future. We license process technologies in clean fuels, renewables, petrochemicals, polymers, gas processing and supply lifecycle services, catalysts, proprietary equipment and digitalization to customers worldwide.
CHEMICAL TECHNOLOGY, CHEMICAL MANAGEMENT
Ingevity | March 15, 2023
On March 14, 2023, Ingevity Corporation announced that it will participate at the European Coatings Show 2023 in Nuremberg, Germany, to showcase its Capa® caprolactone high-performance polyol technology as well as the company's expanded vegetable oil-based products that can be used to improve coating formulations.
The engineered polymers team at Ingevity will display the versatility of Capa polyols for both waterborne and high-solid coating applications. Amanda Tosh, who works at Ingevity as a coatings application manager, will present a study about the benefits of using polycaprolactone-based polyols in 2K polyurethane coatings. The study oversees how Capa polyols can be used to make more durable and sustainable coatings for longer.
Steve Hulme, Senior Vice President, Performance Chemicals and President, Engineered Polymers at Ingevity, said, "The versatility and durability of Capa polyols make them an ideal choice for a number of high-performance polyurethane coating applications." He also mentioned, "We look forward to discussing the benefits of Capa, including showcasing the sustainability benefits of our biodegradable Capa thermoplastic product range, and its application for the paper coatings industry."
(Source – Business Wire)
The industrial specialties team at Ingevity will display its vegetable oil-based products, such as the recently launched low-color vegetable oil-based fatty acid, AltaVeg FA 120, that is suitable for use in coatings and other applications.
"We are excited to launch our low-color AltaVeg FA 120," said Rich White, Senior Vice President, Performance Chemicals and President of Industrial Specialties and Pavement Technologies at Ingevity. "Ingevity's ability to offer vegetable oil-based fatty acid products provides additional options for customers needing stronger, more durable alkyd coatings that maintain high gloss."
(Source – Business Wire)
Headquartered in North Charleston, South Carolina, Ingevity is a leading provider of products and technologies that protect, purify, and enhance the world. With the help of a team of experienced and intelligent people, the company develops, manufactures, and provides solutions that assist customers in solving challenging problems and making the world a better place to live.
Ingevity operates in two reporting segments: Performance Chemicals which includes engineered polymers and specialty chemicals, and Performance Materials, which includes high-performance activated carbon. These products are used in a wide range of demanding applications, such as adhesives, asphalt paving, elastomers, bioplastics, agrochemicals, coatings, publication inks, lubricants, pavement markings, oil exploration and production.
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.