CHEMICAL TECHNOLOGY, SCIENCE AND RESEARCH
Trinseo | February 06, 2023
Trinseo recently announced a distribution agreement with Omya, a producer of industrial minerals and distributor of specialty chemicals. Trinseo sells specialty materials and sustainable solutions directly to customers through distribution channels focused on mobility, building and construction, consumer goods, and medical markets. Through this agreement, Omya joins a global network of Trinseo distributors.
Omya will provide premium ABS and PC/ABS resins to Trinseo's automotive and mobility customers in North America beginning on February 1, 2023, per the terms of the agreement. The materials are offered under the renowned Trinseo brands PULSETM PC/ABS Resins and MAGNUMTM ABS Resins.
Trinseo's MAGNUM™ ABS Resins are distinguished by the continuous mass polymerization manufacturing technology. This technology produces ABS that is purer, cleaner, and superior to emulsion ABS, as the continuous process has a more consistent, stable, and reliable product. Additionally, mass polymerization technology creates resins with a uniform white base color, resulting in a cost-effective resin for self-coloring due to the lesser pigment required.
PULSETM PC/ABS Resins from Trinseo offer the optimal combination of thermal, mechanical, and rheological properties for high-performance interior and exterior applications. They are approved for various premium OEM specifications and offer robust technical characteristics, including low emissions, low density, and high impact resistance.
Based in Wayne, Pennsylvania, Trinseo is a provider of specialty material solutions that collaborates with businesses to bring ideas to life by combining its premier expertise, cutting-edge innovations, and best-in-class materials to unlock value for businesses and consumers. The company utilizes decades of experience in diverse material solutions to address customers' unique challenges in a wide range of industries, including mobility, building and construction, and medicine, from the design phase to manufacturing. In 2021, Trinseo generated approximately $4.8 billion in net sales and employs 3,400 people at the company's locations in North America, Europe, and the Asia-Pacific.
CHEMICAL TECHNOLOGY, CHEMICAL MANAGEMENT
Permian Resources | January 24, 2023
Permian Resources Corporation has announced a series of portfolio management transactions, including a bolt-on acquisition, the divestiture of non-operated production and land, and the sale of a part of its water infrastructure assets in Reeves County, Texas.
Permian Resources has signed a definitive agreement to purchase 3,300 net royalty acres, 4,000 net leasehold acres, and 1,100 Boe/d (73% oil) of net production, primarily located in Lea County, New Mexico, from an unnamed third party for a total purchase price of $98 million.
This purchase price reflects an acquired value of roughly $8,000 per net leasehold acre and approximately $7,000 per net royalty acre. The operating location of the assets includes primarily undeveloped land and is next to one of the company's current core blocks in Lea County.
Non-Operated Divestitures Summary
Permian Resources also confirmed the divestiture of producing, non-operated assets in Reeves County consisting of roughly 1,800 Boe/d (44% oil) and 3,500 net leasehold acres for $60 million to an unknown third party, showing a valuation multiple of more than 5x 2023 anticipated EBITDA. The divested acreage covers the vast bulk of the company's non-operated position in Texas and includes a negligible residual inventory.
Midstream Infrastructure Transactions Summary The company signed formal agreements with an unnamed third party to sell a portion of its saltwater disposal wells and related produced water infrastructure in Reeves County for $125 million. The total consideration will be paid at closing, with $60 million subject to repayment if specific requirements tied to Permian Resources' future drilling activities in the service region are not satisfied over the next several years.
About Permian Resources
Permian Resources is a prominent independent oil and natural gas firm committed to generating outsized returns for its shareholders via acquiring, optimizing, and developing oil and liquids-rich natural gas properties. Headquartered in Midland, Texas, it is the most prominent pure-play E&P firm in the Delaware Basin. Leveraging its technical knowledge and operational flexibility to create the best and add to its portfolio of high-return, long-life inventory, which allows the firm to offer industry-leading returns to its shareholders. The company is committed to improving its high-quality, diversified asset base, implementing a capital-efficient development program, optimizing a conservative balance sheet and financial policy, and enhancing shareholder returns via a disciplined investment strategy.
POLICY AND PERSPECTIVES, PRODUCTS AND TECHNOLOGIES
Techmer PM | February 14, 2023
Techmer PM, a Clinton-based compounder and materials design expert, has developed a solution to the recycled PET (rPET) shortage. This new concentrate, known as HiTerra™ rPET Revive, rebuilds the polymer chains of the resin, therefore boosting its viscosity and decreasing the consequent yellowness of rPET.
To meet their publicly declared environmental objectives, brand owners are dedicated to growing their usage of recycled plastics but face more than simply technical obstacles. These obstacles include the limited availability and added expense of high-quality recycled PET.
PET thermally degrades when it is continuously reprocessed, and because of various heat histories, this results in yellowing and viscosity breakdown, thereby restricting the use of such materials. HiTerra™ rPET Revive aims to alleviate the strain at the molecular level.
Techmer PM’s Market Manager for Rigid Packaging, Steve Smith, stated, “rPET Revive can allow for a higher regrind/recycle rate and improve productivity.” Adding to this, he said, “We selected the active ingredient to be compatible with PET resins used in fiber and molding applications. Converters can use it in the production of thermoformed sheets, and the product is showing good potential for use in bottles, as well.”
(Source – GlobeNewswire)
About Techmer PM
Techmer PM, LLC, was founded in 1981 as a materials design firm specializing in changing and fine-tuning the characteristics of technical polymers. The firm thrives on collaboration and partnerships with plastics processors, specifiers, fabricators, designers, and brand owners. It assists manufacturers in various end-use sectors in enhancing product functionality and aesthetics by using various resins, ranging from polyolefins to PEEK. The award-winning company has six sites in North America. It has experience in practically every plastics and fiber-related process, including additive manufacturing, injection molding, blown film, and sheet extrusion. Plastics News has included Techmer PM six times since 2014 on its "Best Places to Work" list.