RedWave

Products and Technologies, Market Outlook

Businesswire | April 13, 2023

Cemvita, the standard for biosolutions in the energy industry, announced the opening of a pilot plant in Houston, TX. The plant marks a landmark step in the development of technology for using CO2 emissions as feedstock to produce valuable biocommodities including fertilizer, plastic, methane, and fuels. The opening of the pilot plant also marks the launch of Cemvita’s eCO2 business as a wholly owned company under Cemvita. Boasting a substantial volume of 55,000 liters, th...

C&EN | July 06, 2020

The world is drowning in oil. Sometimes there’s no place to store even an extra drop. As the cost per barrel struggles to breach $40 and transportation fuels seem to be entering their sunset years, giant oil companies are pushing into chemical manufacturing. For chemical buyers, the outlook is for years of heavy competition and low, low prices. In this environment, it is perhaps surprising that any company would bet on chemicals and materials made from sugar, rather than pet...

Chemical Management

businesswire | August 16, 2023

Ingevity Corporation announced it has entered into a renewable product purchase agreement (RPPA) with a subsidiary of NextEra Energy Resources, LLC, to produce offsetting renewable energy to lower Scope 2 emissions related to Ingevity’s United States (U.S.) manufacturing locations. Ingevity aims to reduce the company’s greenhouse gas (GHG) emissions and be carbon neutral for absolute GHG emissions from manufacturing operations by 2050. Ingevity’s sustainability...

Whatech | April 23, 2020

As per the recent interim updates by the American Chemistry Council (ACC), there is significant uncertainty in the projections of the U.S. chemical industry as it analyzes the potential impacts of Covid-19 which has caused indefinite halt in the country’s manufacturing activities and muted trading. ACC projects the world trade to plummet by 10.5% this year as the pandemic brings a “perfect storm” to the global economy with U.S. experiencing the hardest blow as it reports ...