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.
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.
PRODUCTS AND TECHNOLOGIES, MARKET OUTLOOK
PRNewswire | May 30, 2023
Chevron Lummus Global LLC announced a recent contract award from TAQAT Development Company for a new 75,000 TPA needle coke/synthetic graphite complex in Rabigh, Saudi Arabia. Under the agreement, Chevron Lummus Global will provide pilot plant testing, licensing, basic design, and additional engineering and operations support. The feedstock will be supplied by Rabigh Refining & Petrochemical Company (Petro Rabigh).
The grassroots complex will utilize CLG's two-step coking process to convert feedstock streams, which would otherwise be used as fuel oil, into high-quality needle coke, and synthetic graphite. This process helps to reduce environmental impact by repurposing feedstock streams that would otherwise be considered lower-value or waste materials into valuable products, contributing to a more sustainable approach to resource utilization.
CLG's proprietary technology is the result of decades of continual refinement and accumulated data from over 60 unit designs and commercial installations. It has proven to be a superior option for converting heavy feedstocks into in-demand products like needle coke and synthetic graphite. This contract award highlights CLG's expertise and leadership in the field of advanced carbon products.
About Chevron Lummus Global
Chevron Lummus Global (CLG), a joint venture between Chevron U.S.A. Inc. and Lummus Technology, is a leading process technology licensor for refining hydroprocessing technologies and alternative source fuels, as well as a global leader in catalyst system supply. CLG offers the most complete bottom-of-the-barrel solution for upgrading heavy oil residues. Our research and development experts are continuously seeking advancements in technology and catalysts that will improve operating economics for your next project.