Topsoe | January 12, 2023
Topsoe A/S, a leading global developer and supplier of catalysts, decarbonization technology, and services for the energy transition, and Fidelis New Energy, LLC, a Houston-based climate-positive infrastructure company, recently announced entering into a global alliance for technology used in the production of neutral carbon hydrogen.
The alliance combines Topsoe's hydrogen process suite with FidelisH2TM technology to reduce carbon emissions during hydrogen production. The combined alliance solution facilitates the production of hydrogen from natural gas with a carbon intensity of 0 kgCO2e per kilogram of hydrogen across its entire lifecycle.
Producing decarbonized products, fuels, and materials using established technologies like the Topsoe Blue Portfolio and FidelisH2 is essential for decarbonizing carbon-intensive sectors of society, such as the digital infrastructure, energy, agriculture, and transportation industry. Topsoe and Fidelis are committed to continuing to play their respective roles in this vital initiative to speed the energy transition and to join forces to offer a solution for carbon-neutral hydrogen leveraging renewables and natural gas.
Fidelis and Topsoe will mutually and exclusively license FidelisH2TM in conjunction with Topsoe's blue hydrogen portfolio. Topsoe will drive engagement with potential licensees interested in using FidelisH2TM to produce carbon-neutral hydrogen on a global scale employing proven technologies.
"This is an exciting partnership to lead the way to achieve net-zero in 2050. I look forward to working with Fidelis in setting the bar high regarding transitional energy technologies. With this alliance, we can offer clients across all industrial sectors, a proven and exceptional carbon neutral hydrogen solution," said Henrik Rasmussen, Managing Director, The Americas, Topsoe.
Topsoe, founded in 1940, is a prominent global innovator assisting in the energy transition. The company's objective is to combat climate change by assisting partners and clients in achieving their emission-reduction and decarbonization goals, including those in difficult-to-control industries like shipping, aviation, and the production of raw materials. From carbon reduction chemicals to plastic upcycling and renewable fuels, Topsoe is in a great position to assist humanity in achieving a sustainable future. With almost 2,100 people serving customers worldwide, Topsoe's headquarters are located in Denmark.
CHEMICAL TECHNOLOGY, CHEMICAL MANAGEMENT
Danimer Scientific | March 09, 2023
Danimer Scientific, Inc. commends the City of Jacksonville for its newly launched pilot program offering organic recycling solutions to restaurants in the Riverside and Avondale areas. Sunshine Organics and Compost, also known as Compost Jax, is partnering with the city to execute the six-month program.
After receiving training on proper diversion procedures, restaurants will have their food waste collected and delivered to the Sunshine Organics and Compost facility by the city every week for six months as part of the program launched on March 1. The accumulated food residues will be transformed into nutrient-rich compost that can be used to replenish soils and support the growth of more food.
Most of Northeast Florida's food waste is in landfills, making up a considerable portion of solid waste. As organic waste decomposes in landfills, it produces hazardous methane that can contribute to climate change. Industrial composting, on the other hand, provides an eco-friendly way to treat organic waste, such as food waste, yard waste, and other organic matter, potentially lengthening the lifespan of landfills by years.
Sunshine Organics and Compost is authorized to process food and yard waste and can accept certified industrially compostable products, including Danimer Scientific's Nodax® PHA. This makes it different from other composting operations in the Jacksonville region. The Nodax® PHA created by Danimer Scientific is appropriate for food packaging applications because it has FDA approval for food contact and can decompose without generating any pollution.
About Danimer Scientific
Danimer Scientific is a biopolymer manufacturer that creates sustainable and eco-friendly materials. The company uses natural resources like canola, corn, and other plant-based oils to develop compostable, biodegradable products that replace traditional plastic materials. Its products are designed to reduce waste and promote sustainability, and its technology has applications in various industries, including food packaging, textiles, and more. Danimer Scientific is headquartered in Bainbridge, Georgia, and is committed to reducing the negative impact of plastics on the environment and creating a cleaner, more sustainable future.
CHEMICAL TECHNOLOGY, SCIENCE AND RESEARCH
International Petroleum Corp. (IPC) | February 07, 2023
On February 06, 2023, International Petroleum Corporation (IPC or the Corporation) announced the proposed acquisition of Cor4 Oil Corp. in Canada for asset consideration of USD 62 million nearly (CAD 84 million). The acquisition consists of total proved plus probable (2P); it was the same as 15.9 million barrels of oil as of December 31, 2022. The assets that will be bought are expected to have an average net production of 4,000 barrels of oil, approximately equivalent per day for the current year. They also include a list of drilling sites close to where IPC works now in southern Alberta.
IPC Canada Ltd. and Cor4 have agreed to make an offer to Cor4 shareholders to purchase all the outstanding and issued Cor4 common shares, as well as options and warrants convertible into Cor4 common shares, for an asset consideration of USD 62 million (CAD 84 million). Cor4 represents around 98% of the fully diluted common shares to enter into a support agreement, deciding to tender their shares into the Offer.
By the end of the Q1 of this year, the acquisition is projected to be completed and remains subject to regulatory approvals. Today, at IPC's Capital Markets Day presentation on February 07, 2023, the acquisition will be provided.
Chief Executive Officer of IPC, Mike Nicholson, said, "We are very pleased to announce today the complementary acquisition of almost 16 MMboe of 2P reserves adjacent to our Suffield property in Alberta, Canada, through the proposed acquisition of Cor4, a private company." He also mentioned, "The producing assets to be acquired are complementary not only to our Suffield assets but in addition, to a recent land acquisition that IPC concluded in the fourth quarter of 2022. Following these acquisitions, we now have over 25 drilling inventory locations on the Ellerslie play fairway that extends from the west of our Suffield asset, to our new land acquisition and into the Cor4 property. IPC plans to drill a total of six wells on this exciting new play in 2023."
About International Petroleum Corp. (IPC)
Based in Vancouver, British Columbia, Canada International Petroleum Corp. is an international oil and gas production and exploration company. The company's high-quality portfolio of assets is in Malaysia, Canada and France, offering a solid base for organic and inorganic growth. It is a Lundin Group of Companies member and incorporated in Canada. Furthermore, the company's shares are listed under the symbol 'IPCO' on the Toronto Stock Exchange (TSX) and the Nasdaq Stockholm exchange. The company has three core values, including excellence, respect, and resilience to help them achieve its vision of being a value-driven team that sustainably brings energy.