CHEMICAL MANAGEMENT, PRODUCTS AND TECHNOLOGIES
Prnewswire | April 26, 2023
Lummus Technology, a global provider of process technologies and value-driven energy solutions, and Citroniq Chemicals, a world-scale producer of carbon-negative materials, announced that the two companies have signed a letter of intent (LOI) for the development of Citroniq's green polypropylene (PP) projects in North America. These projects will use Lummus' Verdene™ PP technology suite.
"Lummus is honored to collaborate with Citroniq to bring this innovative and sustainable technology to market, which will facilitate further decarbonization of our industry," said Leon de Bruyn, President and Chief Executive Officer of Lummus Technology. "Lummus is the global leader in licensing PP technology, and we can serve as a launch pad for Citroniq's green, carbon-negative PP to meet the growing demand for products using sustainable materials."
"Together, Citroniq and Lummus are creating the first world-scale sustainable bio-polypropylene production process in North America," said Kelly Knopp, Principal and Co-Founder of Citroniq Chemicals. "The first plant will sequester about 1.2 MM tons of CO2 annually as solid polypropylene pellets, providing customers an impactful solution for reducing their carbon footprint and meeting their ESG goals."
"With a projected investment of over US $5 billion and a combined PP annual capacity of over 3.5 billion pounds, Citroniq is prepared to execute a rapid expansion plan of its E2O process, to meet the market's growing need for sustainable, carbon negative polypropylene at a competitive price," said Mel Badheka, Principal and Co-Founder of Citroniq Chemicals. "Located in the Midwest, Citroniq's first plant is scheduled to start production in 2026 and provide identical, drop-in products that can be directly certified as biogenic through physical testing."
About Lummus Technology
Lummus Technology is the global leader in developing process technologies that make modern life possible and focus on a more sustainable, low carbon future. Lummus is a master licensor of clean energy, petrochemical, refining, gas processing and renewable technologies, and a supplier of catalysts, proprietary equipment, digitalization and related lifecycle services to customers worldwide.
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CHEMICAL MANAGEMENT, RAW MATERIALS
Businesswire | May 12, 2023
Ingevity Corporation today announced its Capa® thermoplastic grades are now certified compostable by the Biodegradable Products Institute (BPI), the only third-party verification of ASTM International (formerly known as American Society for Testing and Materials International) standards for compostable products in North America. BPI certified compostable certification confirms Capa thermoplastics can be aerobically composted in municipal or industrial facilities and the compost can be cycled back into the soil, leaving behind no toxic residue or microplastics.
The BPI certified compostable mark indicates the end-of-life opportunity for a compostable product and enables industrial facilities to identify and trust certified products will break down per the ASTM D6400 standard that requires both disintegration and biodegradation within 180 days – and require the final product leave behind no toxic byproducts to harm the surrounding ecosystem. When tested, Ingevity’s Capa products exceeded the ASTM standard by biodegrading in 84 days with no residuals left behind that exert a negative effect.
“Achieving BPI certification validates that Ingevity’s Capa portfolio meets United States standards for biodegradability capabilities and provides new opportunities for Capa products in the North American market,” said Steve Hulme, senior vice president and president, Advanced Polymer Technologies. “As a company committed to supporting the global imperative to advance sustainable development, we are excited to expand opportunities for our customers across continents to transition to more sustainable packaging that reduces environmental impact.”
ASTM standard D6400 is the United States equivalent to European standard EN 13432 certified by TÜV Austria. Ingevity’s Capa bioplastics have received additional certifications verifying the environmental benefits of Capa bioplastics, including Seedling, GreenPla (Japan), and TÜV Austria certifications for OK compost HOME, OK compost INDUSTRIAL and OK biodegradable MARINE. Learn more about Ingevity’s bioplastic offerings on the company’s website.
About Ingevity
Ingevity: Purify, Protect and Enhance. Ingevity provides products and technologies that purify, protect and enhance the world around us. Through a team of talented and experienced people, we develop, manufacture and bring to market solutions that help customers solve complex problems and make the world more sustainable. We operate in three reporting segments: Performance Chemicals, which includes specialty chemicals and pavement technologies; Advanced Polymer Technologies, which includes biodegradable plastics and polyurethane materials; and Performance Materials, which includes activated carbon. Our products are used in a variety of demanding applications, including adhesives, agrochemicals, asphalt paving, bioplastics, coatings, elastomers, lubricants, pavement markings, publication inks, oil exploration and production and automotive components that reduce gasoline vapor emissions. Headquartered in North Charleston, South Carolina, Ingevity operates from 31 countries around the world and employs approximately 2,050 people. The company’s common stock is traded on the New York Stock Exchange (NYSE:NGVT).
Biodegradable Products Institute (BPI)
The Biodegradable Products Institute (BPI) is North America’s leading certifier of compostable products and packaging. The organization is science-driven and supports a shift to the circular economy by promoting the production, use and appropriate end of lives for materials and products designed to fully biodegrade in specific biologically active environments. BPI’s certification program operates in conjunction with education and advocacy efforts designed to support the broader mission to keep food scraps and other organics out of landfills.
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CHEMICAL MANAGEMENT, PRODUCTS AND TECHNOLOGIES
Businesswire | May 02, 2023
C&S Chemicals a leading provider of water treatment and animal health products, has partnered with Southwest Engineers a provider of technical services, chemical products, and equipment for industrial water treatment applications. Based in Slidell, LA, Southwest Engineers was founded in 1985 and serves a highly diversified base of light industrial, commercial, and institutional customers across the United States. The acquisition of SWE builds upon C&S’ strategy to further expand into the industrial water treatment sector. SWE will act as a sub-platform within C&S with the goal of executing on a multitude of add-on acquisitions within this vertical over the next several years.
Phil Vehorn, Founder of SWE, said, “It was clear early on that C&S would be the right organization to take care of my employees and customers. Partnering with C&S allows me to focus on the next chapter of my life with full confidence that the business I’ve built will continue to thrive.”
Cindy Hidalgo, Vice President of SWE, said, “We could not be more thrilled to partner with C&S. We are excited to leverage C&S’ robust capabilities to expand Southwest Engineers organically and through acquisitions, all while continuing to deliver the high-quality products and professional services to our customers for which we are known.”
Rob Chandler, President and VP of Finance & Resources at C&S, said, “The team at SWE has a stellar reputation for delivering exceptional service that is respected and recognized across the industry. Southwest Engineers is a perfect fit for C&S and greatly expands our product and service portfolio.”
Greg Chandler, VP of Operations at C&S, said, “It was clear from our first conversation with the Southwest Engineers team that they would be a great fit for C&S due to the quality of the business and its people. We are grateful to be able to partner with the SWE team and look forward to helping them further accelerate growth.”
Mike Chandler, VP of Sales & Marketing at C&S, said, “The team at Southwest Engineers has built an incredible business with a strong reputation for quality and service. We are very much looking forward to working with Cindy and the rest of the SWE team to embark on an aggressive growth path over the next several years.”
The transaction for Shoreline was led by Mike Hand, Managing Partner; Zach Mittelmark, Principal; Mac McCready, Associate; Dylan Somohano, Associate; and Catee de Roziere, Analyst. Chris Wolford and Eric Kern at Allegiance Capital Corporation represented Southwest Engineers in the transaction.
About Southwest Engineers
Founded in 1985 and headquartered in Slidell, LA, Southwest Engineers is an innovative chemical company specializing in industrial water treatment. The Company offers technical services, chemical products and equipment for a broad range of water treatment applications. The products and services are used by universities, school systems, healthcare organizations, hotels, commercial and government buildings to protect against corrosion and biological growth in areas including cooling water, heating water and steam creation.
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