Agilyx AS Announces Intention to List on Merkur Market

Agilyx | September 15, 2020

Agilyx, a leader in advanced recycling of post-use plastics back into plastics and low carbon fuels, on 11 September announced its intention to raise new equity through listing shares on the Merkur Market, part of the Oslo Stock Exchange. The additional equity will be used to drive commercialization of projects, strengthen Agilyx's technology platform, and accelerate growth in Europe and Asia. Over the last 16 years Agilyx has, through extensive research and commercial operations, developed leading industry technology and know-how to make plastic a true circular resource.

Spotlight

The aim of this research, sponsored by the Cefic Long-range Research Initiative was to develop a list of reference chemicals with an agreed by regulators and industry) set of properties and characterized set of biodegradability behaviour which cover a range of environmental persistence and non-persistence. This reference set would be available for use to assess the impact of suggested modifications to existing aerobic biodegradability test methods and new test methods.

Spotlight

The aim of this research, sponsored by the Cefic Long-range Research Initiative was to develop a list of reference chemicals with an agreed by regulators and industry) set of properties and characterized set of biodegradability behaviour which cover a range of environmental persistence and non-persistence. This reference set would be available for use to assess the impact of suggested modifications to existing aerobic biodegradability test methods and new test methods.

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CHEMICAL TECHNOLOGY

Akrochem Acquires Bech Chem, Expands Into the Paint and Coatings Industry

Akrochem | July 20, 2021

AKRON, Ohio, Akrochem, a leading provider of rubber chemicals and compounding materials, today announced the acquisition of Bech Chem, LLC, a company with more than 25 years of experience in the worldwide chemical supply chain. The transaction is effective immediately, and Akrochem will continue to operate under its current name. The purchase of Bech Chem, based in Houston, Texas, enables Akrochem to expand into new industries, as well as provide more extensive support services for Bech Chem customers. The acquisition of Bech Chem allows us to bring our over 90 years of experience in chemical distribution to new markets, specifically paints, coatings, and lubricants," said Akrochem President and CEO Jay Silver. "With our experienced, 15-person technical sales staff and over 120 personnel in support roles, we will improve our value to Bech Chem customers while positioning Akrochem for future growth." Bech Chem served a number of markets, including paint and coatings, grease and lubricants, plastics, and chemical processing. Bech Chem's outstanding reputation within the specialty chemical distribution industry was based on the exceptional service the company provided throughout the ordering process, as well as its exemplary technical sales and support. The result was strong relationships with high-quality suppliers throughout the world. About Akrochem Based in Akron, Ohio, Akrochem serves companies globally in the rubber, plastic, paint, coatings, and lubricant markets. Since the company's founding in 1929, Akrochem's goal has been to improve productivity for each of it customers. Akrochem provides a comprehensive assortment of compounding materials and color concentrates—from the basic to the most complex and customized—all supported by the industry's best technical expertise and service. Akrochem promotes professionalism through its ISO-9001-2015 and National Association of Chemical Distributors (NACD) accreditations.

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CHEMICAL TECHNOLOGY

Wacker Chemical Corporation Joins Global Sustainability Efforts, Celebrating Annual Initiative

Wacker Chemical Corporation | October 29, 2021

In recognition of World Sustainability Day, the fourth Wednesday in October, Wacker Chemical Corporation employees participated in environmentally friendly activities this month. Their work honors WACKER's overall commitment of ensuring a better world for future generations. For a designated week each October, WACKER employees celebrate Sustainability Week to generate awareness and inspire community action to protect the environment. This year's company focus was placed on initiatives to lower the carbon impact on the planet. Most of WACKER's 11 U.S. sites initiated or strengthened their recycling programs, and several took on activities that went far beyond paper, cans and bottles. In Adrian, Mich., the logistics team recycled packaging and storage materials, contributing to a total of 17,640 wood pallets, 5,800 drums and 5,580 totes recycled since the team began this annually in 2020. The labs and other teams in Adrian improved their sample request process to treat returned samples or defected samples discovered through the quality assurance process to be sold to a domestic re-processor. The re-processor breaks the compounds apart for resale or sells it to someone who will reuse instead of disposing them. Since process improvements can strengthen sustainability, teams took a closer look at their equipment. Adrian's Room Temperature Vulcanization team adjusted its curing "recipe" which reduced screen waste by 95 percent. Additionally, their process adjustments reduced packaging time by more than five hours, adding to overall energy savings. At WACKER's Charleston, Tenn. location, employees proactively took on the charge through service. They participated in litter clean-up around the 550-acre campus, planting an on-site garden, strengthening their recycling program, and conducting other volunteer activities. While the location actively recycles onsite, this year, Charleston team members unable to recycle at home were encouraged to bring their personal recycling to the site, which resulted in 12,700 total pounds recycled. Additionally, the annual Bradley County's Household Hazardous Waste Day was bolstered by the help of the WACKER-Charleston volunteers. This community collection drive offered a safe way for citizens to dispose of chemicals and other hazardous waste from local households. Globally, WACKER is committed to supporting the United Nation goal to achieve carbon-neutrality by 2050 at the latest. Also, by 2030, WACKER aims to reach its corporate goal of having 90 percent of products made with a neutral or positive contribution to sustainability.

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PRODUCTS AND TECHNOLOGIES

Lummus and Moscow Refinery Sign Agreement for Furnace Supply in Russia

Lummus Technology | December 03, 2021

Lummus Technology announced it has been awarded a contract from the Gazpromneft Moscow Refinery for two fired heaters. The heaters will be installed at the refinery in Moscow, and are part of the plant's modernization to improve operational efficiency and environmental performance. "This award is a great example of how Lummus supports its customers across their capital investment and operational cycles. We are building on CLG's delayed coking technology with our advanced heater technology and supporting our partner in reliable operations to optimize light product yields, while delivering high run-length and energy efficiency at the Moscow Refinery." Leon de Bruyn, President and Chief Executive Officer of Lummus Technology Lummus' scope includes the design and supply of two fired heaters, adding to the delayed coking technology that CLG, a joint venture between Chevron and Lummus, provided in 2018. Lummus' delayed coking heaters can handle a wide range of feedstocks in refineries and upgrades for both fuel and specialty coke production. Current heater designs work in cooperation with CLG's delayed coking technology and incorporate multiple cabins with single coils to deliver superior individual firing, precise temperature control and stringent air quality standards. About Lummus Technology Lummus Technology is the global leader in developing process technologies that make modern life possible and focus on a more sustainable, low carbon future. Lummus is a master licensor of clean energy, petrochemical, refining, gas processing and renewable technologies, and a supplier of catalysts, proprietary equipment, digitalization and related lifecycle services to customers worldwide. About the Moscow Refinery The Moscow Refinery is the main supplier of fuels to the Moscow region, covering 40 percent of the capital's market. The refinery has been undertaking a full-scale modernization program since 2011. Thanks to various initiatives the plant has already cut production-driven environmental impacts by 50 percent, with these expected to drop another 50 percent by 2021 once the second phase of modernization is complete.

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