ICIS | January 18, 2022
Setting climate targets, measuring, managing, and reaching these is one of the greatest boardroom challenges of our time. This becomes increasingly complex with supply chains. ICIS, a global source of independent commodity intelligence services, and Carbon Minds, an innovative environmental impact specialist working in the chemicals sector, have partnered to provide companies in the chemicals supply chain with data to support decision making on the net-zero transition.
The new partnership will widen access to independent, supplier specific, carbon emissions data, enabling companies to instantly identify emissions hotspots, identifying opportunities for reduction, comparing suppliers and measurement of their Scope 3 chemicals carbon footprint.
"As a planet we have to reduce our carbon emissions and, although companies are setting climate targets for their products, they need greater visibility into the supply chain to truly achieve this. Partnering with ICIS, together we make supplier-specific emissions data more accessible and help businesses fully understand the emissions that are being added to their products through the supply chain."
Arne Kätelhön, Managing Director & Co-Founder at Carbon Minds
According to the World Business Council for Sustainable Development the upstream and downstream supply chain of chemical companies contributes on average 81% of a company's emissions, with the single largest contributor typically being raw material supplies.
Kätelhön continued, "The variance of supplier-specific carbon footprints is significant and offers manufacturers a real opportunity to immediately make a difference to their overall carbon footprint. Manufacturers wanting to reduce their carbon footprint need clear, consistent, and comparative carbon emission supply chain data on which to base purchasing decisions. The data enables informed decisions, improve environmental performance, and strengthens brands as a result."
Louise Boddy, Head of Commercial Strategy – Sustainability at ICIS, said, "Our focus on sustainability ensures we support our customers and markets in their plans to lower emissions. This is becoming increasingly critical for access to capital, and we recognize how crucial and challenging it is to measure and lower the negative impact of supply chains. We are excited about this partnership and the unique data it delivers to our customers. This will be a gamechanger in supply chain visibility into carbon emissions and we are delighted to be a first mover in providing this data to our customers."
The data for supplier-specific carbon footprints accounts for each supplier and plant's precise production process and supply chain to shine a light on the true climate impact. The data covers 77 bulk chemicals which are consumed to produce a wide variety of materials used in around 96% of manufactured goods.
Boddy concluded, "We exist to connect markets, customers and data to enable the efficient, effective and sustainable trade and use of global resources. This partnership is another important step towards enabling this outcome for our customers around the world. This data will be readily accessible to ICIS users in our solutions platform, where it will become readily accessible to ICIS subscribers in 2022. The world is changing, we want to make sure that change is for the better."
ICIS is a trusted source of global commodity intelligence for the energy, chemical and fertilizer industry. We are a division of RELX, a FTSE 15 company with a market cap of £43.4 billion and an employee base of over 30,000 experts across 40 countries.
RELX is a global provider of information and analytics for professional and business customers across industries. The Group serves customers in more than 180 countries and has offices in about 40 countries. It employs approximately 30,000 people of whom almost half are in North America. RELX PLC is a London listed holding company which owns 52.9% of RELX Group. RELX NV is an Amsterdam listed holding company which owns 47.1% of RELX Group. The shares are traded on the London, Amsterdam and New York Stock Exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RELX and RENX. Total market capitalisation is approximately £43.4bn | €51.9bn | $59.2bn.
About Carbon Minds
Carbon Minds is a data analytics company and life-cycle data provider focused on environmental sustainability in the chemical industry. From its roots at RWTH Aachen University, the company has grown to provide some of the world's largest corporations with solutions for lowering their environmental impacts from the production and use of chemicals.
Hoover CS | September 22, 2021
Hoover CS is proud to announce a multi-year agreement with Advanced Refining Technologies LLC (ART), the joint venture of US specialty chemicals and materials company W. R. Grace & Co. and US energy company Chevron, in partnership with Bahrain Petroleum Company (Bapco). Under the terms of the agreement, Hoover CS will provide ART with circular catalyst packaging and logistics solutions in support of the largest catalyst management agreement signed in Bapco’s history.
On August 11th, 2021, Hoover CS executive leadership attended the signing ceremony with Bapco’s Chairman and Chief Executive Dr. Dawood Nassif, along with senior management and executives from Bapco, ART, and Chevron Lummus Global (CLG).
It’s very exciting to be part of the single largest catalyst management agreement in Bapco’s history, We look forward to working closely with ART in providing sustainable packaging solutions and managing key aspects of the logistics across the supply chain.
-Arash Hassanian, Hoover CS Senior Vice President
Jag Reddy, Managing Director of ART, said, “Hoover CS plays a critical role in helping us align with Bapco’s sustainability initiatives. Their industry-leading circular catalyst packaging and logistics solutions enable us to deliver a convenient, and sustainable solution for our client.”
Hoover CS will play a critical role in the transportation of fresh and spent catalyst to and from the United States, the Kingdom of Bahrain, and South Korea, along with specialized logistics and services, such as handling and repackaging, truck loading, and fleet management through its proprietary FleetAI technology.
In addition, Hoover CS will identify opportunities to improve circularity within ART’s supply chain, ensuring sustainability goals and net zero objectives are at the forefront of their strategy.
About Hoover CS
Hoover CS is paving the way for customers across the chemical, refining and general industrial-end markets to move away from single-use containers. Through its large rental fleet of reusable liquid and dry IBCs and ISO tanks, combined with integrity management and fleet management services, Hoover CS’s sustainable packaging solutions facilitate circularity across the supply chain, yielding an optimized environmental footprint through reduced plastic, water conservation, and lower greenhouse gas emissions.
About ART Hydroprocessing
ART, a joint venture between Grace and Chevron, is a leading supplier of hydroprocessing catalysts that produce cleaner fuels. ART Hydroprocessing™ represents a complete portfolio of resid hydrotreating, hydrocracking, and lubes hydroprocessing, and distillate hydrotreating catalyst technologies through a global manufacturing network. ART Hydroprocessing combines Chevron’s extensive expertise in refining operations, catalyst technology and development, process design leadership, and licensing with Grace’s materials science, specialty chemical manufacturing, and global sales and technical service strengths, to improve refiners’ profitability through catalytic solutions that improve the quality and yields of fuels refined from a wide variety of feedstocks. The ART team works seamlessly with CLG, itself a joint venture between Chevron U.S.A. Inc. and Lummus Technology, which is a leading process technology licensor for refining hydroprocessing technologies and alternative source fuels..
BASF | October 28, 2021
BASF and Entegris have signed an agreement on the sale of the Precision Microchemicals business to Entegris for $90 million. The transaction includes technologies, intellectual property and trademarks and is expected to be completed by the end of 2021.
The Precision Microchemicals business is part of the Surface Treatment business unit of BASF’s Coatings division, operating under the Chemetall brand. It develops, manufactures, and markets high purity materials, including cleaning chemistries and Chemical Mechanical Planarization (CMP) slurries used in the machining and surface conditioning of electronic materials. The products are primarily used for cleaning and polishing of hard disk drives (HDD) and wide band gap semiconductor (WBGS) ultra-hard surface materials, including silicon carbide (SiC) used in power electronics and advanced communications. This business will be part of the Specialty Chemicals and Engineered Materials (SCEM) Division of Entegris.
“Under the ownership of Entegris – a leading global player in specialty chemicals and advanced materials solutions for the microelectronics industry – the Precision Microchemicals business will be well positioned to realize its full potential.
Christophe Cazabeau, Senior Vice President, Surface Treatment, BASF
“The acquisition of BASF’s Precision Microchemicals business adds technical expertise, intellectual property and talent to our broad specialty chemicals portfolio,” said Bertrand Loy, President and CEO of Entegris. “In particular, it will build on our leadership in the CMP slurry market for ultra-hard surface materials, serving some of the fastest growing end-markets globally, including electric vehicles and 5G communications.”
At BASF, we create chemistry for a sustainable future. We combine economic success with environmental protection and social responsibility. More than 110,000 employees in the BASF Group contribute to the success of our customers in nearly all sectors and almost every country in the world. Our portfolio is organized into six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care and Agricultural Solutions. BASF generated sales of €59 billion in 2020. BASF shares are traded on the stock exchange in Frankfurt (BAS) and as American Depositary Receipts (BASFY) in the U.S.
Entegris is a world-class supplier of advanced materials and process solutions for the semiconductor and other high-technology industries. Entegris has approximately 6,600 employees throughout its global operations and is ISO 9001 certified. It has manufacturing, customer service, and/or research facilities in the United States, Canada, China, France, Germany, Israel, Japan, Malaysia, Singapore, South Korea, and Taiwan.
This joint press release contains forward-looking statements. The words “believe,” “expect,” “anticipate,” “intend,” “estimate,” “forecast,” “project,” “should,” “may,” “will,” “would” or the negative thereof and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include statements related to the closing of the transaction; future growth of the Precision Microchemicals business; and expected impacts of the transaction, including with respect to Entegris’ relative market position. These statements involve risks and uncertainties, and actual results may differ materially from those projected in the forward-looking statements. These risks and uncertainties include, but are not limited to, those risk factors and additional information described in Entegris’ filings with the Securities and Exchange Commission, including under the heading “Risk Factors” in Item 1A of Entegris’ Annual Report on Form 10-K for the fiscal year ended December 31, 2020, filed with the Securities and Exchange Commission on February 5, 2021, and in Entegris’ other periodic filings.