University at Buffalo | November 30, 2020
Plastic contamination is among the world's most squeezing ecological issues, undermining drinking water, untamed life, food supplies and then some.
To address this multifaceted issue, UB scientists are building up a novel arrangement of apparatuses that plan to diminish plastic waste and decline the creation of plastic.
This incorporates a mechanical framework that depends on AI and different advancements to independently improve its capacity to sort plastics, just as ecologically capable solvents and new chemistries that separate plastics to make them simpler to reuse.
"Not exclusively is this work fundamentally critical to our planet, it likewise adds to the nation's serious assembling capacities. It will help satisfy both buyer need for and corporate duties to joining reused plastics into business items," says Paschalis Alexandridis, UB Distinguished Professor in the Department of Chemical and Biological Engineering, who is driving the multidisciplinary exertion.
The venture is upheld by a four-year, $2 million award the U.S. Public Science Foundation (NSF) granted UB this fall.
It expects to improve the country's plastic reusing endeavors, which have been obfuscated since China reduced plastic waste bringing in 2017 with its "Public Sword" strategy. It likewise incorporates public effort techniques, for example, enrolling understudies underrepresented in STEM (science, innovation, designing and math) fields.
One Rock Capital Partners LLC, Eastman | June 10, 2021
One Rock Capital Partners, LLC stated that one of its affiliates has agreed to acquire Eastman Chemical Company's tire additives business.
With an unmatched asset presence and exceptional technical services, Eastman's tire additives business is a global leader in critical specialty chemicals for the tire industry. The company develops, manufactures, and distributes insoluble sulfur, antidegradants, and post-vulcanization stabilizers, which allow tire producers to achieve improved processing and performance outcomes. Globally, the company employs approximately 500 individuals across seven manufacturing facilities and two specialized centers.
One Rock's Managing Partner, Tony W. Lee, said, "Eastman's tire additives business is the world's largest with a reputation for high-performance, mission-critical products, and technological expertise. We are excited to work with the firm's highly experienced management team to expand its unmatched product portfolio and drive its growth as an independent company."
"As we prepare for this new chapter, we are thrilled to be working with One Rock, which has a proven track record of establishing former corporate subsidiaries as strong standalone businesses and providing the support and resources required to build on their success," said Gunes Celik, Vice President and General Manager of the tire additives business. "One Rock's reputation for quality and innovation throughout its portfolio aligns well with our strategic focus, capabilities, and industry leadership position."
One Rock's Managing Partner, R. Scott Spielvogel, added, "As a result of its unique technical and commercial service expertise, the company serves an amazing set of global blue-chip customers. We look forward to working closely with management to expand the range of product and service offerings throughout the next stage of growth."
The acquisition is scheduled to complete in the second half of 2021, subject to regulatory approvals and customary closing conditions.One Rock's legal counsel is Latham & Watkins LLP, and its financial adviser is RBC Capital Markets, LLC.
About One Rock Capital Partners, LLC
One Rock makes controlling investments in companies with the potential for growth and operational improvement, using a disciplined strategy that uses highly experienced Operating Partners to identify, acquire, and improve businesses in specific industries. Because of these Operating Partners' presence, One Rock can conduct due diligence and complete acquisitions and investments in a wide range of situations, regardless of complexity. One Rock collaborates with company management and its Operating Partners to create a comprehensive business strategy to increase the enterprise's profitability and long-term value.
Eastman, founded in 1920, is a global specialty materials company that produces a wide range of products used in everyday objects. Eastman collaborates with clients to develop new products and solutions that improve the material quality of life while adhering to safety and environmental standards. The company's innovation-driven growth plan uses world-class technology platforms, deep customer interaction, and innovative application development to expand its leading positions in attractive end industries such as transportation, building and construction, and consumables.
Prnewswire | October 09, 2020
Patients who recovered from COVID-19 at St. Luke's University Health Network have donated their antibody-rich blood to medical science in hopes of helping to find an effective treatment or cure to the novel coronavirus that has killed nearly 200,000 Americans. The "convalescent plasma" was separated from the survivors' blood and is being studied as part of a research project labeled AR-701, sponsored by Aridis Pharmaceuticals, a biopharmaceutical firm in San Jose, Ca., that specializes in developing innovative treatments for various infections and lung diseases.