INDAVER, DOCKWATER | June 01, 2021
AVAIO Capital announced that its subsidiary DOCKWATER BV has signed memorandums of understanding with INDAVER NV and MONUMENT CHEMICAL BV. It would provide them with sustainable process water from its DOCKWATER desalination facility in the Port of Antwerp for an 18-year term.
DOCKWATER presently has agreements with five companies (Covestro, Evonik, Ashland, INDAVER, and MONUMENT) that have decided to seek a sustainable solution for their water requirements, reducing their expenses freeing up drinking water to fulfill the residential needs of Antwerp's water-stressed area. DOCKWATER expects to announce more agreements soon as more industrial clients in the Port of Antwerp make the responsible decision to a sustainable water solution and decrease the strain on the local drinking-water supply.
Companies are expected to reduce their consumption of drinking water by up to 98%, their total consumption of water by up to 15 percent, and their use of water treatment chemicals and water discharge flows related to cooling towers and demineralized water production facilities by more than 50 percent by switching to DOCKWATER water, all while lowering their costs. This will improve the sustainability of activities at the Port of Antwerp, contribute to the Antwerp region's water independence, and preserve water in the Albert Canal.
INDAVER is a waste management company based in Belgium, the Netherlands, Germany, Portugal, Italy, Ireland, the United Kingdom, and France.
MONUMENT provides custom materials for the world's biggest chemical industries, focusing on distillation and reaction technologies.
DOCKWATER BV is developing a desalination plant to supply process water to industrial companies operating in the Port of Antwerp, allowing industry to significantly reduce its consumption of drinking water and overall water consumption while increasing the resiliency of water supply in the entire Flemish region. AVAIO Capital is leading the development of the DOCKWATER project, and DOCKWATER BV is owned equally by AVAIO Capital and Macquarie Capital.
BASF | October 28, 2021
BASF and Entegris have signed an agreement on the sale of the Precision Microchemicals business to Entegris for $90 million. The transaction includes technologies, intellectual property and trademarks and is expected to be completed by the end of 2021.
The Precision Microchemicals business is part of the Surface Treatment business unit of BASF’s Coatings division, operating under the Chemetall brand. It develops, manufactures, and markets high purity materials, including cleaning chemistries and Chemical Mechanical Planarization (CMP) slurries used in the machining and surface conditioning of electronic materials. The products are primarily used for cleaning and polishing of hard disk drives (HDD) and wide band gap semiconductor (WBGS) ultra-hard surface materials, including silicon carbide (SiC) used in power electronics and advanced communications. This business will be part of the Specialty Chemicals and Engineered Materials (SCEM) Division of Entegris.
“Under the ownership of Entegris – a leading global player in specialty chemicals and advanced materials solutions for the microelectronics industry – the Precision Microchemicals business will be well positioned to realize its full potential.
Christophe Cazabeau, Senior Vice President, Surface Treatment, BASF
“The acquisition of BASF’s Precision Microchemicals business adds technical expertise, intellectual property and talent to our broad specialty chemicals portfolio,” said Bertrand Loy, President and CEO of Entegris. “In particular, it will build on our leadership in the CMP slurry market for ultra-hard surface materials, serving some of the fastest growing end-markets globally, including electric vehicles and 5G communications.”
At BASF, we create chemistry for a sustainable future. We combine economic success with environmental protection and social responsibility. More than 110,000 employees in the BASF Group contribute to the success of our customers in nearly all sectors and almost every country in the world. Our portfolio is organized into six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care and Agricultural Solutions. BASF generated sales of €59 billion in 2020. BASF shares are traded on the stock exchange in Frankfurt (BAS) and as American Depositary Receipts (BASFY) in the U.S.
Entegris is a world-class supplier of advanced materials and process solutions for the semiconductor and other high-technology industries. Entegris has approximately 6,600 employees throughout its global operations and is ISO 9001 certified. It has manufacturing, customer service, and/or research facilities in the United States, Canada, China, France, Germany, Israel, Japan, Malaysia, Singapore, South Korea, and Taiwan.
This joint press release contains forward-looking statements. The words “believe,” “expect,” “anticipate,” “intend,” “estimate,” “forecast,” “project,” “should,” “may,” “will,” “would” or the negative thereof and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include statements related to the closing of the transaction; future growth of the Precision Microchemicals business; and expected impacts of the transaction, including with respect to Entegris’ relative market position. These statements involve risks and uncertainties, and actual results may differ materially from those projected in the forward-looking statements. These risks and uncertainties include, but are not limited to, those risk factors and additional information described in Entegris’ filings with the Securities and Exchange Commission, including under the heading “Risk Factors” in Item 1A of Entegris’ Annual Report on Form 10-K for the fiscal year ended December 31, 2020, filed with the Securities and Exchange Commission on February 5, 2021, and in Entegris’ other periodic filings.
KBR, Mura | June 19, 2021
KBR and Mura Technology announced today the first joint contract award for its plastics recycling technology, Hydro-PRT℠, with Mitsubishi Chemical Corporation (MCC) in Japan.
Developed by Mura and licensed exclusively by KBR, Hydro-PRT employs a unique patented process utilizing supercritical steam to convert all types of plastics into commercial products that can be used to produce new plastics to deliver a truly circular economy.
"We are thrilled to announce our first global license with KBR," said Dr. Steve Mahon, CEO of Mura Technology. "Our technology offers a differentiated, proven, and scalable solution to companies seeking to achieve an immediate impact towards their ESG objectives and we look forward to working closely with the MCC team to help them establish early leadership in reaching their circularity goals."
"KBR is proud to be Mura's exclusive licensing partner for this breakthrough technology," said Doug Kelly, KBR President, Technology. "Over the past few months, we have seen tremendous interest in Hydro-PRT from many leading companies worldwide and we are excited by MCC's decision to be an early adopter to achieve their sustainability objectives."
We deliver science, technology and engineering solutions to governments and companies around the world. KBR employs approximately 29,000 people worldwide with customers in more than 80 countries and operations in 40 countries.KBR is proud to work with its customers across the globe to provide technology, value-added services, and long- term operations and maintenance services to ensure consistent delivery with predictable results. At KBR, We Deliver.
About Mura Technology
Mura Technology's mission is to eliminate global plastic pollution and create sustainable societies.
We are pioneering a globally scalable technology to prevent millions of tonnes of plastic and carbon from entering our natural environment every year and turning an $120 billion lost resource of plastic waste into a valuable global commodity. Our technology can recycle all plastic waste, and produces the ingredients for brand new products, reducing the need for new and fossil-fuel-derived plastics.