CHEMICAL MANAGEMENT, PRODUCTS AND TECHNOLOGIES
PureCycle Technologies | March 21, 2023
PureCycle Technologies and Mitsui & Co. Ltd. announced a signed heads of agreement (HOA) to develop and operate a polypropylene (PP) recycling plant in Japan. Mitsui is a global trading and investment company with a diversified business portfolio based in Tokyo. In September of 2021, the two sides announced a signed memorandum of understanding.
The two sides are targeting completion of a plant in 2026. The first plant is designed to transform PP waste into an ultra-pure recycled resin and expected to have an annual capacity of 59,000 metric tons.
PureCycle CEO Dustin Olson said, "We need strong global partners like Mitsui to solve the global plastic waste crisis. This HOA is a major step forward in the process of bringing a true circular solution to Japan for polypropylene plastic waste. The final options for site locations are located between major population and industrial centers, so we can optimize supply chain activities for both feed and product. We believe this site will become a strategic sustainable supply location for critical Japanese industries like automotive, electronics, and consumer product companies."
PureCycle uses a patented technology that can remove virtually all contaminants, colors and odors from polypropylene plastic waste and transform it into an ultra-pure plastic resin that can be used multiple times.
Chief Operating Officer of the Performance Materials Business Unit at Mitsui Hiroshi Kakiuchi commented, "Mitsui has identified 'sustainability management and the evolution of ESG' as key areas of its Corporate Strategy. Through this new joint project with PureCycle, Mitsui aims to contribute to the overall reduction of plastic waste and the establishment of a circular economy in Japan. By securing plastic waste as the raw material, manufacturing recycled polypropylene resin, and expanding the applications of the material for consumer goods, food containers and automobile interiors, Mitsui aims to make a significant contribution to the creation of the more sustainable society."
This is the latest example of PureCycle's global-growth strategy. Earlier this year, the company announced the site of its first polypropylene recycling facility in Europe at the Port of Antwerp-Bruges' Next Gen District in Belgium. PureCycle's first PP recycling plant in Asia is planned to open in 2025 in South Korea.
About PureCycle Technologies
PureCycle Technologies LLC., a subsidiary of PureCycle Technologies, Inc., holds a global license for the only patented solvent-driven purification recycling technology, developed by The Procter & Gamble Company (P&G), that is designed to transforms polypropylene plastic waste (designated as No. 5 plastic) into a continuously renewable resource. The unique purification process removes color, odor, and other impurities from No. 5 plastic waste resulting in an ultra-pure recycled (UPR) plastic that can be recycled and reused multiple times, changing our relationship with plastic.
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 MANAGEMENT, PRODUCTS AND TECHNOLOGIES
M. HOLLAND | March 17, 2023
M. Holland Company, a leading international distributor of thermoplastic resins and ancillary materials, today announced a new partnership with Lavergne, a global manufacturer specializing in the formulation of customized compounded engineered resins, to distribute post-consumer recycled (PCR) resins. This partnership will allow M. Holland’s clients to access Lavergne’s certified PCR resins with increased supply chain security and pricing stability.
“Sustainability is a primary focus for the plastics industry, and the demand for PCR resins has accelerated in recent years,” said Samantha Stone, Global Sourcing Leader, Sustainability, at M. Holland. “Lavergne produces superior, renewed thermoplastic resins that we’re proud to offer our customers. Our partnership with Lavergne will help meet the demand for PCR resins for our clients in North America, where there is currently no viable solution. M. Holland’s customers should also benefit from more stable pricing because Lavergne’s portfolio is 100% recycled plastics and does not depend on shifting petroleum prices.”
PCR resins are a growing product segment that complements traditional petroleum-based resins. There is burgeoning demand for PCR resins to meet the needs of brand owners and original equipment manufacturers (OEMs), many of whom have set aggressive sustainability goals. Demand is growing across several durable goods segments, including automotive, consumer electronics, home appliances, and office furniture and supplies. M. Holland’s customers can be confident in the quality of resins produced by Lavergne, which has 35 years of experience in the plastics industry.
“With a shared vision for sustainability, establishing a partnership with M. Holland was an easy decision,” said Benoit Bessette, Vice President, Strategy and Planning, at Lavergne. “We look forward to working with M. Holland and educating the market on the necessary transition to PCR resins by supplying trusted and cost-effective, sustainable materials, while drastically reducing their carbon footprint.”
Lavergne is an industry leader in the advancement of engineered thermoplastics focusing on designing, developing and manufacturing high-value sustainable resins using 100% PCR plastics. It has manufacturing sites in Montreal, Belgium, Vietnam and Haiti, providing supply chain security, high-quality certified materials and stable pricing for M. Holland’s customers.
ABOUT M. HOLLAND
M. Holland is a leading international distributor of thermoplastic resins, providing suppliers with the most strategic channels to market, offering clients innovative sourcing and supply chain solutions, delivering materials that empower sustainable innovation, and helping people lead rewarding careers. Since 1950, a deep commitment to personal relationships and innovation has formed the core of the company’s heritage, culture and vision. Headquartered in Northbrook, Illinois, M. Holland has over $1.5 billion in annual sales, partners with more than 4,000 customers annually, and serves over 70 countries across North America, LATAM, EMEA and Asia. M. Holland has offices located in the U.S., Mexico, Puerto Rico and the Netherlands.