CHEMICAL TECHNOLOGY, CHEMICAL MANAGEMENT
Ingevity | March 15, 2023
On March 14, 2023, Ingevity Corporation announced that it will participate at the European Coatings Show 2023 in Nuremberg, Germany, to showcase its Capa® caprolactone high-performance polyol technology as well as the company's expanded vegetable oil-based products that can be used to improve coating formulations.
The engineered polymers team at Ingevity will display the versatility of Capa polyols for both waterborne and high-solid coating applications. Amanda Tosh, who works at Ingevity as a coatings application manager, will present a study about the benefits of using polycaprolactone-based polyols in 2K polyurethane coatings. The study oversees how Capa polyols can be used to make more durable and sustainable coatings for longer.
Steve Hulme, Senior Vice President, Performance Chemicals and President, Engineered Polymers at Ingevity, said, "The versatility and durability of Capa polyols make them an ideal choice for a number of high-performance polyurethane coating applications." He also mentioned, "We look forward to discussing the benefits of Capa, including showcasing the sustainability benefits of our biodegradable Capa thermoplastic product range, and its application for the paper coatings industry."
(Source – Business Wire)
The industrial specialties team at Ingevity will display its vegetable oil-based products, such as the recently launched low-color vegetable oil-based fatty acid, AltaVeg FA 120, that is suitable for use in coatings and other applications.
"We are excited to launch our low-color AltaVeg FA 120," said Rich White, Senior Vice President, Performance Chemicals and President of Industrial Specialties and Pavement Technologies at Ingevity. "Ingevity's ability to offer vegetable oil-based fatty acid products provides additional options for customers needing stronger, more durable alkyd coatings that maintain high gloss."
(Source – Business Wire)
About Ingevity
Headquartered in North Charleston, South Carolina, Ingevity is a leading provider of products and technologies that protect, purify, and enhance the world. With the help of a team of experienced and intelligent people, the company develops, manufactures, and provides solutions that assist customers in solving challenging problems and making the world a better place to live.
Ingevity operates in two reporting segments: Performance Chemicals which includes engineered polymers and specialty chemicals, and Performance Materials, which includes high-performance activated carbon. These products are used in a wide range of demanding applications, such as adhesives, asphalt paving, elastomers, bioplastics, agrochemicals, coatings, publication inks, lubricants, pavement markings, oil exploration and production.
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CHEMICAL TECHNOLOGY, CHEMICAL MANAGEMENT
SPATCO Energy Solutions | February 13, 2023
SPATCO Energy Solutions (SPATCO), a leading infrastructure services provider of innovative turnkey solutions for the environmental, petroleum, and EV business segments, recently announced that it has completed the acquisition of Petro Supply, a renowned Mid-Atlantic distributor of petroleum equipment. Additionally, with the acquisition of McKinney Petroleum Equipment in January 2023, the platform is broadening its geographic reach while strengthening its leading position in the Southeast.
Petro Supply, founded in 1971, specializes in selling and distributing petroleum equipment, including components and materials for the construction and maintenance of convenience shops, gas stations and petroleum and chemical handling facilities. Petro Supply is one of the top petroleum equipment distributors in the mid-Atlantic. The purchase signifies SPATCO's entry into the DC, Maryland, Delaware, Pennsylvania and New Jersey markets, which adds full-service capabilities to Petro Supply's existing and prospective client base.
SPATCO completed the acquisition of McKinney Petroleum Equipment, a leading single-source petroleum provider in Alabama, earlier this year, further cementing its Southeast position with a strong Gulf Coast footprint.
Within a robust and developing sector, the energy infrastructure and services business is highly fragmented, with tremendous consolidation and platform-building opportunities. SPATCO's EBITDA has more than tripled since Kian's first 2020 investment, thanks to organic development, a solid management team, as well as four tuck-in acquisitions. SPATCO employs over 700 people, including 400+ technicians, spanning 26 branches in 17 states in the Southeast and Mid-Atlantic.
SPATCO is actively seeking collaborations with energy infrastructure and services founders. Kian is the principal investor of SPATCO, together with Apogem Capital and RF Investment Partners. Kian's legal counsel was Robinson, Bradshaw & Hinson, P.A.
About SPATCO Energy Solutions
Founded in 1935, SPATCO Energy Solutions is a leading infrastructure services provider of innovative turnkey solutions for the environmental, petroleum, and EV business segments. It is a single-source supplier of liquid handling equipment and services with a focus on four markets, including diesel, petroleum, and exhaust fluid (DEF). It serves the southeast region of the United States and is a market leader in the sales, installation, service, and repair of petroleum equipment. The company has over 85 years of experience and serves a diverse and long-standing customer base that includes major oil companies, national and regional convenience store operators, national and regional trucking companies, commercial fleet and military fueling facilities, regional oil jobbers, and commercial bulk petroleum plants.
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CHEMICAL TECHNOLOGY, CHEMICAL MANAGEMENT
Clariter | March 01, 2023
On February 28, 2023, Clariter, a company at the forefront of sustainable technology, formed a strategic collaboration agreement with Flowserve Corporation, a significant provider of flow control services and products for the global infrastructure markets, to improve the production of Clariter's eco-friendly petrochemicals from plastic waste.
Clariter's chemical upcycling technology, which is proprietary, serves as a complement to other conventional recycling techniques. The unique process converts most plastic waste streams into new crude oil-free products suitable for use in industrial and consumer settings. These sustainable oils, waxes, and solvents produced by Clariter meet the highest industry purity standards, are graded for food contact, and surpass the benchmarks of their fossil-based counterparts.
To facilitate the expansion of Clariter's commercial production plants, Flowserve will offer its flow-control knowledge, optimal equipment sizing, and commissioning assistance as part of the long-term collaboration agreement.
Flowserve and Clariter have partnered to work on Clariter's commercial-scale chemical recycling facilities, with Flowserve providing flow control expertise and support and supplying pumps, valves, seals, and RedRaven products. After constructing the first four facilities, Clariter will continue to source aftermarket services and parts from Flowserve. The two firms also plan future collaboration on developing sustainable formulations for pump and valve lubrication made from recycled plastic waste.
About Clariter
Clariter is a sustainable recycling company revolutionizing how plastic waste is managed. The company has developed an innovative chemical recycling process that converts plastic waste into high-value industrial materials, creating a circular economy where waste is transformed into a valuable resource. The technology has received international recognition for its effectiveness in reducing plastic pollution, conserving resources, and promoting a cleaner future. Founded in 2013, Clariter is committed to positively impacting the environment by minimizing plastic waste and increasing the use of sustainable materials. The company operates on the principle of sustainable innovation, and it seeks to create economically and environmentally viable solutions. Its proprietary technology is designed to process various plastics, including hard-to-recycle materials such as mixed, contaminated, and post-consumer plastics.
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