Bio-based chemicals could help reduce fossil fuel use

wisc | April 29, 2019

Petrochemicals, the oil- and gas-derived compounds that serve as the molecular backbones for much of modern commerce, commanded a $539.3 billion market value in 2018.Replacing just a few of those petroleum products with chemicals made from plants or microbes could put a substantial dent in the world’s fossil fuel consumption.That’s why a team of engineers from the University of Wisconsin–Madison developed a method to identify plant-based compounds that hold promise as potential replacements for petrochemicals. They published their results this month in the journal iScience.“This will provide guidance for product design and discovery,” says Wenzhao Wu, who conducted the research before earning his doctorate in chemical engineering from UW–Madison in 2018 and now works in the corporate strategic research division of ExxonMobil. “It will also help the biofuels community focus on what chemicals to produce.”Which chemicals to produce is a crucial question — and the answer could make or break whether biofuels are able to compete with the cost of petroleum.

Spotlight

Dow Chemical announced on Friday it will split off its chlorine business in a $5 billion deal. TheStreet's Jim Cramer says this is an amazing opportunity to buy the stock well below where he thinks it's going to trade literally in the next couple of quarters. Cramer says Dow Chemical is going through a transformation. It's going from being a commodity chemical company to being a proprietary chemical company. He says this is a good time to get in because this is a company that is going to get $5 billion in cash, it's going to be able to buy back a huge amount of stock, raise the dividend, give it a 18 multiple on what he thinks is $5 in 2017 and you can see where this stock is going which is a double from where it is over the course of the next two years. Dow Chemical is a core holding in Jim Cramer's Action Alerts PLUS charitable trust portfolio.

Spotlight

Dow Chemical announced on Friday it will split off its chlorine business in a $5 billion deal. TheStreet's Jim Cramer says this is an amazing opportunity to buy the stock well below where he thinks it's going to trade literally in the next couple of quarters. Cramer says Dow Chemical is going through a transformation. It's going from being a commodity chemical company to being a proprietary chemical company. He says this is a good time to get in because this is a company that is going to get $5 billion in cash, it's going to be able to buy back a huge amount of stock, raise the dividend, give it a 18 multiple on what he thinks is $5 in 2017 and you can see where this stock is going which is a double from where it is over the course of the next two years. Dow Chemical is a core holding in Jim Cramer's Action Alerts PLUS charitable trust portfolio.

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CHEMICAL TECHNOLOGY

INNIO Technology Selected for First 100% Hydrogen Engine Power Plant in Asia Pacific

INNIO | November 20, 2021

INNIO announced that Hyosung Heavy Industries has selected INNIO Jenbacher ‘Ready for Hydrogen’ engine technology for the first pilot power plant project in APAC that will be fueled by 100% hydrogen. The pilot hydrogen power plant will be built at the Hyosung Chemical Yongyeon Plant in Ulsan, South Korea, setting a benchmark by becoming the first 100% hydrogen power plant to be operated in the region. It will run on hydrogen produced as a byproduct at the chemical plant that is normally sold off to an industrial gas company. The project is expected to achieve commercial operation in 3Q 2022 and complete the demonstration by end of 2022. “INNIO has based its strategy on hydrogen becoming a driver of the energy transition, as it is uniquely positioned to shape a low- through no-carbon energy sector. INNIO launched its ‘Ready for Hydrogen’ portfolio to meet customers’ demands for sustainable solutions, such as at Hyosung, to establish hydrogen-based power generation. We are pleased to be their hydrogen engine technology partner of choice and to establish the first 100% hydrogen power plant in APAC. We will continue our relentless focus to deliver INNIO technologies and services that will help our customers to reduce their carbon footprint down to zero.” Olaf Berlien, president and CEO of INNIO “Hyosung is striving to improve its impact on climate change by embracing the global energy transition. We have joined forces with INNIO to support our efforts to reduce carbon emissions while exploring commercial and sustainable opportunities related with our hydrogen byproduct production,” commented Park Jeong-Ha, General Manager at Hyosung. “Our climate change response strategies have set the goal of reducing emissions and energy consumption while increasing energy efficiency. INNIO Jenbacher provides the efficient and proven technology that helps us meet this goal.” As a shaper of a low-carbon economy, INNIO is preparing for a secure, affordable, and climate-neutral energy future for everyone. The pilot power plant using INNIO Jenbacher technology, will be the second power plant in the 1-MW range that can be fueled with 100% hydrogen. INNIO is a hydrogen pioneer for more than 20 years, when the first Jenbacher 150-kilowatt pilot engine ran on 100 percent hydrogen at a demonstration plant in northern Germany. Two decades later, in 2020, after a number of additional demonstration projects, INNIO and HanseWerk Natur demonstrated the world’s first hydrogen engine using variable hydrogen and natural gas mixtures up to 100% hydrogen on an INNIO Jenbacher engine. The collaboration with Hyosung now marks a further milestone for INNIO to help drive the energy transition. About INNIO INNIO is a leading provider of renewable gas and hydrogen-rich solutions and services for power generation and compression at or near the point of use. With our Jenbacher and Waukesha products, INNIO helps to provide communities, industry and the public access to sustainable, reliable and economical power ranging from 200 kW to 10 MW. We also provide life-cycle support and digital solutions to the more than 53,000 delivered gas engines globally, through our service network in more than 100 countries. We deliver innovative technology driven by sustainability, decentralization, and digitalization to help lead the way to a greener future. Headquartered in Jenbach, Austria, the business also has primary operations in Welland, Ontario, Canada, and Waukesha, Wisconsin, U.S.

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CHEMICAL MANAGEMENT

Novolex Unveils the ProWAVE Tote, a New Recyclable Bag That's Perfect for E-Commerce

Novolex | June 07, 2022

Hilex®, a Novolex® brand, announced the introduction of the ProWAVE® Tote, a new recyclable, reusable tote bag that makes e-commerce even more convenient for supermarkets, restaurants and retailers as well as their customers. The innovative new bag, made with 20% recycled content, is designed for curbside pickup, home delivery or carryout use. The bag features folded handles and a double-ply top that provides stiffness so the bag stays open, making loading easier and more convenient. The rectangular bottom optimizes the use of storage in a vehicle's trunk or back seating area. The reusable bag is ideal for hot, frozen or refrigerated items. "The ProWAVE Tote is carefully designed to meet the needs of e-commerce retailers and customers alike. It makes life easier and more convenient for everyone." Frank Lawson, Vice President of Sales for Novolex With the durability of plastic, the ProWAVE Tote is perfect for supermarkets, restaurants and retailers that offer delivery and pickup of online orders. Among the bag's many features A low-profile design and flat bottom for easy loading Two large, comfortable handles for carrying A specially engineered inner fold that provides transport strength and easy customer access Fully customizable panel printing options for increased brand awareness and marketing Heavy gauge polyethylene that stands up for loading Unique handles and upper flaps that provide extra security to keep contents in the bag. The ProWAVE Tote comes in recycled white, grey and kraft colors. In addition to being manufactured with 20% recycled content, the tote is 100% recyclable where facilities exist. Options are available to meet a variety of recycling standards. "With online purchasing continuing to grow, supermarkets, restaurants and retailers are seeking better, more convenient ways to deliver their products," Lawson said. "We are proud to offer the ProWAVE Tote as yet another innovative option for our customers." The ProWAVE tote is among the many innovative products featured at the Novolex booth at IDDBA 2022, the International Dairy Deli Bakery show, in Atlanta this week. The Novolex booth is located at #4621. About Novolex Novolex develops and manufactures diverse packaging products for multiple industries in the foodservice, delivery and carryout, food processor and industrial markets that touch nearly every aspect of daily life. The Novolex family of brands provides customers with innovative food and delivery packaging and performance solutions products for their business needs today while investing in research and development to engineer more sustainable choices for the future. With more than 10,000 employee families, Novolex operates 57 manufacturing facilities in North America and Europe, including two world-class plastic film recycling centers.

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PRODUCTS AND TECHNOLOGIES

ICIS Launches Much-needed Mixed Plastic Waste Pricing Service

ICIS | November 26, 2021

With the demand for recycled plastic outstripping supply, ICIS, a global source of Independent Commodity Intelligence Services, has released a new weekly pricing service for Europe, offering benchmarkable price quotes for mixed polyolefin bales, PVC-screened reject bales suitable for RDF, and MRF reject bales. The shortage in supply of monomaterial plastic waste to feed the mechanical recycling market has led to a spike in prices, with the cost of PET, PE and PP at least doubling in the last year and HDPE quadrupling. This has increased the relevance of mixed waste bales, which were previously economically unviable because of sorting costs and yield losses. Additionally, mixed polyolefin waste bales are the main feedstock, and the largest variable cost for chemical recycling producers in Europe. To keep chemical recycling a complementary activity to mechanical processes, these producers are looking to other waste grades, specifically PVC-screened reject bales. Demand is also growing for unsorted reject bales from chemical recyclers and petrochemical firms with installed PVC sorting on site. "These mixed waste markets are becoming increasingly important to a circular plastics economy. The new pricing service will enable players throughout the chain to make better informed purchasing decisions and support further investment in the waste and chemical recycling sectors by providing much needed price transparency to those markets." Louise Boddy, Head of Commercial Strategy, Sustainability at ICIS Market data on recycled plastics is currently fragmented and opaque. However, pricing data for this evolving industry is critical for all stakeholders, from chemical recyclers to FMCGs with public sustainability deadlines and chemical producers. The mixed Plastic Waste – Europe pricing service will enable customers to understand when and how much to pay for mixed plastic waste bales. It will support chemical producers looking to invest in chemical recycling, with understanding of how pricing and the market is developing and how this might impact their sourcing strategy and overall costs. Boddy concluded, "Having independent and regular prices for this industry will help customers make the best and most timely buying and selling decisions and enable FMCGs to understand how the feedstock costs are impacting the cost of their end-products. Mixed plastic waste pricing will provide vital transparency to this developing market." Alongside benchmark pricing for mixed plastic bales the new European mixed plastic waste pricing service will enable ICIS to track chemical recycling developments, which will complement data from the ICIS chemical Recycling Supply Tracker, as well as the mechanical Recycling Supply Tracker launched in February 2021. Combined with existing pricing services for R-PE, R-PP and R-PET, the new mixed plastic waste pricing service gives ICIS unrivalled coverage across the recycled plastic chain, which provides a unique and much-needed perspective on the market, supporting both pricing and sourcing of supply. About ICIS ICIS is a trusted source of global commodity intelligence for the energy, chemical and fertilizer industry. We are a division of RELX, a FTSE 15 company with a market cap of £45 billion and an employee base of over 30,000 experts across 40 countries. About RELX RELX is a global provider of information and analytics for professional and business customers across industries. The Group serves customers in more than 180 countries and has offices in about 40 countries. It employs approximately 30,000 people of whom almost half are in North America. RELX PLC is a London listed holding company which owns 52.9% of RELX Group. RELX NV is an Amsterdam listed holding company which owns 47.1% of RELX Group. The shares are traded on the London, Amsterdam and New York Stock Exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RELX and RENX. Total market capitalisation is approximately £45bn | €53.7bn | $60.2bn.

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