Chemical Process Technologies

CHEMICAL MANAGEMENT

Velocity Smart Technology | May 05, 2022

UK-based Velocity Smart Technology has become the world's first carbon neutral smart locker provider in what the company describes as a major milestone in the industry. As climate change and other environmental issues take centre stage and impact all areas of human lives, Velocity Smart Technology is taking an initiative to reduce its carbon footprint, which has been calculated as 727 tCO2e since 2018. By working in partnership with the Decarbonisation consultan...

CHEMICAL TECHNOLOGY

Albemarle | June 03, 2021

Albemarle Corporation, a global specialty chemicals industry leader, announced that it had completed the sale of its Fine Chemistry Services business to W. R. Grace & Co. for approximately $570 million, consisting of $300 million in cash. The issuance to Albemarle of preferred equity of a W. R. Grace & Co. subsidiary having an aggregate stated value of $270 million. The sale includes Albemarle's operations in Tyrone, Pennsylvania, and South Haven, Michigan. "The s...

CHEMICAL MANAGEMENT

Blue Ridge Bankshares, Inc. | April 23, 2022

Blue Ridge Bankshares, Inc. the holding company of Blue Ridge Bank, N.A. and BRB Financial Group, Inc., announced in celebration of Earth Day that the Company intends to phase out single-use plastics as part of its commitment to carbon neutrality by 2040. This policy will transition the Company away from single-use plastic items such as beverage bottles, utensils, straws, food service ware, and other materials by the end of 2024. The major initiative demonstrates the Company's...

Chemical Watch | March 09, 2020

The quantity of plastic recycled in the EU is staggeringly low. Just 15% of EU-collected plastic waste finds its way back into the EU plastic market. If we are to create a cleaner and more competitive Europe – one of the objectives of the upcoming EU Circular Economy Action Plan – we must make boosting plastic waste recycling rates an urgent priority in the next few years. Solutions to accelerate plastic recycling already exist. Chemical recycling is a key technology that...