Norfolk Southern | September 30, 2020
Norfolk Southern (NYSE: NSC) recognizes 58 chemical customers who earned its 2019 Thoroughbred Chemical Safety Award for safely handling products regulated as hazardous materials. These companies safely shipped at least 1,000 carloads – a combined total of more than 284,000 carloads – over Norfolk Southern's rail network without a single incident in 2019. As common carriers, Norfolk Southern and other U.S. railroads have obligations to provide transportation for companies that manufacture or use hazardous materials in their businesses. Typically, these products move in tank cars owned or leased by customers, who are responsible for maintaining the cars and ensuring that they are properly secured for transit.
Ravago | July 22, 2021
Alterra Energy, an innovative advanced recycling technology company, and Ravago, a global leader in polymer recycling and distribution, announced today that Ravago has acquired an equity interest in Alterra Energy.
Ravago will be a strategic partner in supplying pre-processed waste plastic to Alterra Energy's Akron, Ohio, facility -- which currently has the capacity to liquefy up to 60 tons per day of waste plastic for use as a feedstock for the manufacturing of plastics and chemicals -- as well as for future commercial installations.
Alterra Energy and Ravago plan to combine forces to provide integrated recycling solutions that support the transition toward decarbonization, decreasing virgin fossil resource dependency and increasing circularity for its petrochemical and chemical partners.
The Ravago transaction is the second strategic partnership this year for Alterra Energy. In January, Alterra Energy announced that Neste, the world's leading provider of renewable diesel and sustainable aviation fuel, and an expert in delivering drop-in renewable and circular chemical solutions, acquired a minority stake in the company.
Alterra Energy, which has developed and commercialized a continuous advanced recycling technology that transforms end-of-life plastics into petrochemical feedstock, will process the Ravago-supplied waste plastic into ISCC PLUS certified material. Alterra will then market this material for further refining and conversion into circular building blocks for the plastics and chemicals producing industry.
About Alterra Energy
Alterra Energy is solving the plastic pollution challenge on a global scale with the development and commercialization of a continuous advanced recycling technology. At its Akron, Ohio plant, the company converts plastic destined for landfills into petrochemical materials that can be further refined into new plastic production and other petrochemical products. Alterra Energy utilizes a scalable, patented, thermochemical liquefaction technology to process and recycle waste plastic, diverting millions of pounds of plastic from landfills. Its team of engineers, experts and partners are driven by one purpose: creating a cleaner planet for future generations. Alterra Energy licenses its technology to entities looking to recycle more challenging plastics or seeking more sustainable products. It is partnering with companies in the solid waste industry, government entities and petrochemical companies.
Ravago, headquartered in Luxembourg, provides superior distribution, resale, compounding and recycling services for our customers, deploying advanced technology solutions to convert plastic raw materials into products that improve the sustainable quality of our life. Ravago represents more than 6,600,000 metric tons of annual polymer sales, serving more than 50,000 active customers through 325+ locations across more than 55+ countries worldwide. Ravago's production capability consists of 45+ manufacturing facilities of which 19 recycling and compounding plants in North America, Europe, Asia and Africa with a combined annual capacity of over 775,000 metric tons; 13 production plants in Europe that are offering finished product solutions for the building sector and 7 plants and 6 application laboratories for our chemicals business. This all would not have been possible without the contributions of its 8,000 employees.
ALUULA Composites Inc. | November 30, 2021
A recent breakthrough discovery in the modification of polymers at the molecular level leads to the creation of a new class of world leading "lightest and strongest" composite fabrics. ALUULA Composites is pleased to announce that it has successfully launched an entirely new class of lightweight soft composites.
ALUULA has developed a patented proprietary technique for fusing disparate materials at the molecular level, removing the need for heavy glues while creating much stronger bonds between the laminated layers. Using the world's strongest known polymers as input materials, the ALUULA process delivers technical results that are significantly better than anything currently available in the soft composite world. The weight of an ALUULA composite material can be as much as 50% lighter than competitive materials while still delivering equal or greater strength characteristics. The ALUULA process also allows the use of input materials that were previously difficult to bond to, unlocking "next level" technical specifications.
"Between the interest in our materials generated from the ISPO Awards and the transformational effect our composites have had in the Wind Sport sector, ALUULA is now in co-development conversations with industry leaders from a broad range of uses and applications. It is an extremely exciting time for our entire team"
ALUULA COO John Zimmerman
The ALUULA Vaepor™ series was given the ISPO Textrends Best Soft Product Award for 2021/22, acknowledging the many benefits the material offers over current industry standards. The ALUULA Vaepor™ series provides the world's highest strength to weight characteristics while remaining extremely durable. The comparative chart shows the technical characteristics of the ALUULA Vaepor Series™ and other known materials.
The ALUULA Durlyte™ series was recognized by ISPO Textrends as a Top 5 winner at the 2022/23 Awards while also achieving finalist status at the 2021 Outdoor Retailer Awards. Using the same ALUULA process, the ALUULA Durlyte™ series is by far the most durable composite material available in its weight class. In third party abrasion testing, ALUULA Durlyte™ is almost 10x more abrasion resistant as any other material available in the market as shown in the comparative chart.
ALUULA is already in co-development with industry leaders in several industry sectors where the idea of Lighter and Stronger soft composites provides clear advantages. These efforts are driving further innovation and Intellectual Property in the material bonding sciences. Very promising additional cross linking technology development continues between ALUULA and its chemistry partners.
ALUULA composites are made on the rugged West Coast of Canada. The company is focused on sustainability with fully recyclable finished products being the goal.
About ALUULA Composites Inc.
ALUULA has developed a revolutionary new process for laminating and creating high performance composite materials. Using fusion the company is able to form ultra-strong bonds between a wide range of "impossible to bond" polymers and other materials.