CHEMICAL MANAGEMENT, MARKET OUTLOOK
Globenewswire | March 23, 2023
NOVA Chemicals Corporation announced sector-leading ESG ambitions to drive the circular economy for plastics, in line with its vision to become the leading sustainable polyethylene producer in North America.
By 2030, the company aims to
Set new industry standards for driving the transition to the plastics circular economy and solidifying the market for recycled polyethylene, with 30 per cent of its polyethylene sales[i] from recycled contet;
Be at the forefront of decarbonization by reducing its Scope 1 and 2 absoute CO2 emissions by 30 per cent[ii]; and
Become a Top 30 company in Canada.
Outlined in NOVA 2030: Our Roadmap to Sustainability Leadership, NOVA Chemicals has also shared its aspiration to reach net-zero Scope 1 and 2 emissions by 2050.
“NOVA’s Roadmap to Sustainability Leadership details a strong plan forward for the company to become the leader in sustainable polyethylene production while building on our commitments to developing innovative solutions for our customers, enabling the circular economy, and being a responsible steward of our environment,” stated Danny Dweik, CEO. “Plastic products play an essential role in our daily lives. With our renewed purpose of reshaping plastics for a better, more sustainable world, we have developed a clear pathway to become a catalyst for a low carbon, zero-plastic-waste future.”
To achieve these aspirations, NOVA Chemicals anticipates investing between USD$2-4 billion by 2030 to expand its sustainable product offerings, decarbonize assets, and build a state-of-the-art mechanical recycling business while exploring new advanced recycling technologies to create high-quality, high-performance recyclable and low carbon plastics.
Building on its proprietary, Advanced SCLAIRTECHTM technology, NOVA Chemicals will explore expanding its product portfolio to include the development of innovative, advanced materials. These new product offerings, which will include the company’s first ASTUTE™ polyolefin plastomers line, will better serve existing customers and provide more options for sustainability-focused end markets such as electric vehicles and renewables.
NOVA Chemicals has already begun growing its portfolio of recycled and recyclable polyethylene resins through its recently announced launch of SYNDIGO™ recycled polyethylene, a new portfolio of products made from circular polymers to encourage both waste and emissions reductions.
The company’s 2030 aspirations are shorter-term objectives that will help NOVA Chemicals reach its ultimate goal of achieving net-zero Scope 1 and 2 absolute CO2 emissions by 2050. NOVA Chemicals has developed a technical solutions-focused roadmap for decarbonizing its asset base by improving energy efficiencies, electrifying and acquiring renewable power, and exploring clean hydrogen as a low carbon fuel source and Carbon Capture, Utilization, and Storage. The company will also continue to pursue new technologies to abate and eliminate emissions from its production processes, such as the development of its proprietary Low Emissions Ethylene Process technology.
The company has also announced a virtual power purchase agreement (VPPA) with Shell Energy for renewable power, marking the first of many opportunities to increase low carbon, renewable energy in its power portfolio.
Today’s announcement builds upon NOVA Chemicals’ long-standing commitment to developing innovative solutions for its customers while enabling the circular economy and preparing for and responding to a changing world. NOVA’s approach to managing its material ESG topics including Responsible Care® and its commitment to the environment, health, and safety, can be found in its annual ESG report.
About NOVA Chemicals Corporation
NOVA Chemicals aspires to be the leading sustainable polyethylene producer in North America. Our driving purpose is to reshape plastics for a better, more sustainable world by delivering innovative solutions that help make everyday life healthier and safer and acting as a catalyst for a low carbon, zero-plastic-waste future. NOVA Chemicals’ innovative and quality product offerings, value chain collaboration, and unique customer experience is what sets us apart; our customers use our products to create easy-to-recycle and recycled content films, packaging, and products.
PRODUCTS AND TECHNOLOGIES, MARKET OUTLOOK
Businesswire | May 31, 2023
LSB Industries, Inc. and Amogy Inc. jointly announced they have entered into a memorandum of understanding (MOU) aimed at promoting the adoption of low-carbon ammonia as a marine fuel, initially for the U.S. inland waterways transportation sector. Through joint efforts, the companies will focus on advancing the understanding, utilization, and advocacy of low-carbon ammonia as a sustainable fuel.
Pursuant to the MOU, the companies will collaborate on the evaluation and development of a pilot program that integrates LSB’s low carbon ammonia and Amogy’s ammonia-to-power solution. Upon successful completion of the evaluation and pilot program, the companies expect to further collaborate on a larger-scale development, including exploration of opportunities for development of an end-to-end supply chain of low carbon ammonia and deployment of Amogy technology across multiple applications, including maritime vessels. The evaluation and pilot program includes potential engagement with other parties across the ammonia value chain. The two parties will also collaborate on various advocacy, education, and outreach efforts regarding the use of ammonia as a fuel.
President, and Chief Executive Officer of LSB Industries, Mark Behrman, stated, “Our vision at LSB is to be a leader in the energy transition through the production of low and no carbon products. This collaboration agreement is an exciting step in our journey toward achieving our goals and we’re thrilled to be working with such an outstanding partner in Amogy.”
“We’re delighted by this opportunity to work with LSB to advance the development of a low-carbon ammonia supply chain primarily in the US,” says Seonghoon Woo, CEO of Amogy. “The success of this collaboration will be a key step toward solidifying ammonia's position as a comprehensive solution for decarbonizing the commercial transportation sector across the entire value chain, from the upstream production to the downstream usage.”
About LSB Industries, Inc.
LSB Industries, Inc., headquartered in Oklahoma City, Oklahoma, is committed to playing a leadership role in the energy transition through the production of low and no carbon products that build, feed and power the world. The LSB team is dedicated to building a culture of excellence in customer experiences as we currently deliver essential products across the agricultural, industrial, and mining end markets and, in the future, the energy markets. The company manufactures ammonia and ammonia-related products at facilities in Cherokee, Alabama, El Dorado, Arkansas and Pryor, Oklahoma and operates a facility for a global chemical company in Baytown, Texas.
Businesswire | May 22, 2023
Streamline Innovations, Inc. announced the introduction of the VALKYRIE® ECO and VALKYRIE ECO FLEX H2S treating solutions configured specifically for agricultural biogas and Landfill Gas (LFG) operations.
The VALKYRIE ECO model is designed for agricultural biogas applications and the VALKYRIE ECO FLEX solution is engineered for larger volume operations, such as landfills. Both units utilize TALON®, a non-toxic and biodegradable Redox chemistry to remove H2S in an environmentally responsible way.
Streamline’s products are manufactured and assembled in the USA.
David Sisk, Streamline’s Chief Executive Officer, said, “The introduction of the VALKYRIE ECO and ECO FLEX solutions comes right as the Biogas-to-RNG market is rapidly gaining momentum. RNG project developers need a reliable, proven and environmentally sustainable solution for purifying biogas feedstocks of hydrogen sulfide in the RNG upgrading process so they can sell it into commercial pipelines. VALKYRIE H2S treating technology has been working successfully for years in Oil & Gas and other industries, and its application to the RNG market is a natural extension of this innovative yet proven approach.”
Legacy methods for treating H2S have notable downsides, including handling and disposal of hazardous spent media as well as excessive downtime while biological treatment colonies repopulate. Streamline Innovation’s robust Next Generation Liquid Redox process converts H2S into elemental sulfur and water vapor. The Simple Elemental Sulfur™ byproduct is approved by the Organic Materials Review Institute (OMRI) for use in organic food production.
Both the VALKYRIE ECO and VALKYRIE ECO FLEX are designed to work effectively in the lower gas pressure environments typically found in biogas and Landfill Gas applications. Importantly, the VALKYRIE ECO FLEX model uses a modular design that allows customers to scale treating capacity in increments to meet individual LFG gas stream volumes.
Biogas contaminated with H2S flows through the VALKYRIE H2S treating units containing specialized TALON catalyst, and then exits free of H2S, ready for additional treating to remove other contaminants such as oxygen, carbon dioxide and siloxanes, among others. The VALKYRIE ECO and VALKYRIE ECO FLEX are designed to remove H2S to levels that meet commercial pipeline specifications without additional polishing.
About Streamline Innovations
Streamline Innovation’s vision is Eliminating Emissions Through Technology. We help heavy industry around the world achieve environmental performance objectives, improve sustainability, and transition to a sustainable, low-carbon economy.
Streamline’s environmentally forward H2S treating solutions help achieve the “E” in ESG. H2S is present in many industrial processes throughout the world. Our technology can be applied across industries, delivering a sustainable solution that eliminates H2S, a leading cause of human inhalation accidents and source of SO2 emissions, a primary cause of acid rain. TALON treats effectively in both gas and water phases.