Origin Materials | April 29, 2022
Origin Materials, Inc. and Mitsubishi Chemical Holdings Group have joined hands to develop advanced chemicals and materials for making tires based on Origin Materials' patented technology platform. Origin Materials is the world’s leading carbon-negative materials company, and Mitsubishi is Japan’s leading producer of diversified chemicals and advanced materials.
MCHG will convert Origin's hydrothermal carbon into high-performance analogs of specialty carbon black materials as per a strategic plan under their partnership. These materials will be tested and developed in collaboration with one of the world's largest tyre companies. In addition, the collaboration with MCHG's global supply chain expertise will benefit in accessing Japanese and international markets and technological innovation capabilities.
According to Grand View Research, Inc., the global carbon black market will reach $26 billion by 2025 while mounting at a CAGR of 6%. Furthermore, it is reported that approximately 70% of the world's carbon black is used as a tyre reinforcing filler.
Origin's patented technology platform has the potential to revolutionize tyre manufacturing by reducing the product’s carbon footprints significantly. The collaboration has included a joint development agreement (JDA) between Origin and the MCHG Carbon Materials business unit. The partnership mirrors MCHG's efforts to achieve carbon neutrality by utilizing biomass to develop materials while achieving sustainable growth.
"We look forward to collaborating with Mitsubishi Chemical Holdings Group to develop new, better materials for making tyres while reducing carbon emissions. Mitsubishi Chemical Holdings Group's deep manufacturing capabilities, technical expertise, and worldwide customer network can enable extensive adoption of Origin's technology and help drive the once-in-a-generation shift to sustainable materials occurring in the automotive industry."
On this esteem collaboration and efforts, Rich Riley, co-CEO of Origin Materials
Prnewswire | August 26, 2020
The Chemical Activity Barometer (CAB), a leading economic indicator created by the American Chemistry Council (ACC), rose by 2.5 percent in August on a three-month moving average (3MMA) basis following a 3.0 percent gain in July. On a year-over-year (Y/Y) basis, the barometer was down 6.1 percent in August. The unadjusted data show a 1.8 percent gain in August following a 1.5 percent gain in July and a 4.1 percent gain in June. The diffusion index rose from 41 percent to 59 percent this month – the first time since January that it has been above 50 percent. The diffusion index marks the number of positive contributors relative to the total number of indicators monitored. The CAB reading for July was revised upward by 1.08 points and that for June was revised upward by 0.77 points.
Hawkins, Inc. | December 07, 2021
Hawkins, Inc. a leading specialty chemical and ingredients company, has entered into a definitive agreement to acquire the assets of NAPCO Chemical Company, Inc. and its affiliates. The transaction is expected to close by the end of December 2021.
NAPCO Chemical manufactures and distributes water treatment chemicals from three locations in the cities of Spring, Lufkin, and Luling, Texas. NAPCO Chemical’s products meet their customers’ needs to keep water safe for consumption and the environment. “This acquisition demonstrates Hawkins’ commitment to expand our footprint in the South and allows us to enter the Texas market. Upon completion of this acquisition, Hawkins will have 37 water treatment sites serving 26 states. I would like to reiterate our commitment to continue to grow our Water Treatment business and welcome the NAPCO team to the Hawkins organization and look forward to continued growth throughout the great state of Texas,” said Hawkins Chief Executive Officer Patrick H. Hawkins.
“Over the last 35 plus years, it has been a pleasure watching NAPCO grow as a company. The combination with Hawkins is a natural fit, as both companies have similar business models and cultures. Having the support of a large and growing company like Hawkins will provide tremendous opportunities for our customers and employees, and I am excited for what the future will bring.”
Pam Manning, owner of NAPCO Chemical
Manning, the current management team, and NAPCO Chemical’s employees are expected to continue with the business. Hawkins expects that the acquisition will be accretive in its fiscal year 2023.
About Hawkins, Inc.
Hawkins, Inc. was founded in 1938 and is a leading specialty chemical and ingredients company that formulates, distributes, blends, and manufactures products for its Industrial, Water Treatment, and Health & Nutrition customers. Headquartered in Roseville, Minnesota, and with 46 facilities in 23 states, the Company creates value for its customers through superb customer service and support, quality products and personalized applications. Hawkins, Inc. generated $597 million of revenue in fiscal 2021 and has approximately 750 employees.