Cancer-causing chemicals found in car seats

wlbz2 | March 15, 2017

A properly installed car seat can save lives, but experts say the amount of time your child spends in it could put their long term health at risk.

Spotlight

Jukka Malm, ECHA's Deputy Executive Director speaks about the main findings of its second report on the operation of REACH and CLP. The report states that chemicals are used more safely, leading to higher protection for people and the environment.  Notwithstanding, further progress is needed – particularly concerning the quality of registration and classification data on chemicals submitted by companies.

Spotlight

Jukka Malm, ECHA's Deputy Executive Director speaks about the main findings of its second report on the operation of REACH and CLP. The report states that chemicals are used more safely, leading to higher protection for people and the environment.  Notwithstanding, further progress is needed – particularly concerning the quality of registration and classification data on chemicals submitted by companies.

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RAW MATERIALS

Polytek Development Corp. Announces Acquisition of Specialty Resin & Chemical

Polytek | September 07, 2021

Polytek Development Corp, a manufacturer of specialty polymers for coating, mold making, and casting applications, announced today the acquisition of Specialty Resin & Chemical. Polytek is a portfolio company of Arsenal Capital Partners. Founded in 2007 and located in Dowagiac, MI, Specialty Resin & Chemical is a supplier of user-friendly mold making, casting, and coating products, including bar top epoxy resin and polyurethane resin. They fit in well alongside Polytek's existing consumer brands because of their strong focus on customer service and dedication to providing products specifically designed for hobby and art communities. Doug Lorenz, CEO of Polytek, commented "With years of experience and a broad and diverse product line, Specialty Resin is well positioned to serve do-it-yourselfers, hobbyists, and small businesses. They have created a name for themselves among these communities and we are very excited to help them build and grow upon the great success they have already achieved." Daniel Wilson, owner of Specialty Resin & Chemical, will remain in an active role within the Specialty Resin & Chemical brand, and the two companies will continue to do business under their existing names. Daniel commented, "Our goals align very closely with Polytek's mission, and we are eager to join their team. We look forward to continuing to support our customers while developing new product options for them." Genesis Capital, LLC acted as the financial advisor to Polytek. About Polytek Development Corp. Founded in 1984, Polytek Development Corp. is headquartered in Easton, PA with operations in Pomona, CA, Galesburg, MI, Franklin, IN, Grants Pass, OR, and South St. Paul, MN. Polytek is a leading manufacturer of specialty polymers including polyurethane elastomers and casting resins, silicone, epoxies, latex, thermoplastic elastomers, and board materials. These systems are used primarily in mold making, casting, and coating applications in industrial and consumer sectors, including construction and restoration, arts and crafts, DIY, product design and manufacturing, entertainment, and education. Polytek® brands include Raw Material Suppliers, Alumilite, BCC Products, Environmental Technology, Inc., Pro Marine Supplies, Stone Coat Countertops, Incredible Solutions, Custom Polymer Designs and MAS Epoxies. corporation. About Specialty Resin & Chemical Specialty Resin & Chemical supplies high-quality mold making, casting, and coating solutions to hobbyists, small businesses, and the DIY community. Product lines include epoxy resin, polyurethane resin and rubber, silicone rubber and related accessories. About Arsenal Capital Partners Arsenal is a specialized private equity firm with market-leading franchises in the industrials and healthcare sectors. Since its inception in 2000, Arsenal has raised institutional equity investment funds of $5.3 billion, completed more than 200 platform and add-on investments and achieved more than 30 realizations. The firm works with management teams to build strategically important companies with leading market positions, high growth, and high value–add.

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CHEMICAL MANAGEMENT

Neste and LG Chem Partner on Decarbonization Measures

Neste Corp. | November 11, 2020

Neste Corp and LG Chem Ltd.announced their expect to construct a key long haul association to create and develop the biopolymers and biochemicals market all around the world, and all the more explicitly, in LG Chem's home market Korea. On account of the association, LG Chem will begin supplanting fossil feedstock ordinarily utilized in the assembling of polymers and synthetic substances with Neste Renewable Hydrocarbons in the impending months. This encourages LG Chem to create inexhaustible polymers and synthetic substances to meet the expanding maintainability necessities and desires for its clients –, for example, those delivering polyolefin-based holders, bundling, cleanliness items, and electronic materials – without settling on quality, execution or recyclability of its items. “We are delighted to start collaborating with LG Chem, a company with one of the most diverse polymers and chemicals offerings in the world, to make an increasing impact on the global industry’s transformation towards a circular bioeconomy. This cooperation enables us to further expand the portfolio of applications that can benefit from Neste’s renewable drop-in solutions”, says Mercedes Alonso, Executive Vice President, Renewable Polymers and Chemicals from Neste. “LG Chem’s proprietary technology and significant market share of diverse chemical products and Neste’s sustainable solution based on renewable hydrocarbons, have come together in a partnership that will pave the way for sustainable growth in building a circular bioeconomy for both parties and also the global industry”, says Kug Lae Noh, Executive Vice President and the President of Petrochemicals Company from LG Chem. Neste’s renewable hydrocarbons are produced entirely from traceable, bio-based raw materials, such as waste and residue oils and fats, providing a high-quality, more sustainable alternative to fossil feedstock.

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CHEMICAL MANAGEMENT

Origin Materials and Mitsui Form Strategic Partnership to Industrialize Advanced Carbon-Negative Chemicals and Materials

Origin Materials and Mitsui Form | January 11, 2022

Origin Materials, Inc. the world’s leading carbon negative materials company with a mission to enable the world’s transition to sustainable materials, and Mitsui & Co., Ltd. a global leader in energy, machinery, chemicals, food, textile, logistics, finance, and more, announced a strategic partnership to industrialize advanced carbon negative materials This strategic partnership aims to rapidly develop and industrialize new sustainable carbon-negative products for the automotive, chemicals, electronics, packaging, textiles, construction, and personal care industries based on Origin Materials’ patented technology platform. The partnership will leverage Mitsui’s global supply chain strength, access to Japanese and international markets, and leadership in business innovation. As part of the partnership, Mitsui signed a multi-year capacity reservation agreement to purchase sustainable carbon-negative materials from Origin Materials. “We are pleased to partner with Mitsui, a global leader in multiple business areas, including chemicals, textiles, and many others. We are strategically aligned and share a common vision for the role that sustainable, cost-competitive, carbon-negative materials can play in creating value worldwide. This partnership reflects our shared commitment to driving sustainable growth, while reducing greenhouse gas emissions. Additionally, the partnership represents further progress in Origin’s mission to enable the world’s transition to sustainable materials.” Rich Riley, Co-CEO of Origin Materials About Origin Materials Headquartered in West Sacramento, Origin Materials is the world's leading carbon negative materials company. Origin’s mission is to enable the world’s transition to sustainable materials. For over a decade, Origin has developed a platform for turning the carbon found in inexpensive, plentiful, non-food biomass such as sustainable wood residues into useful materials while capturing carbon in the process. Origin’s patented technology platform can help revolutionize the production of a wide range of end products, including clothing, textiles, plastics, packaging, car parts, tires, carpeting, toys, and more with a ~$1 trillion addressable market. In addition, Origin’s technology platform is expected to provide stable pricing largely decoupled from the petroleum supply chain, which is exposed to more volatility than supply chains based on sustainable wood residues. Origin’s patented drop-in core technology, economics and carbon impact are supported by a growing list of major global customers and investors. About Mitsui & Co, Ltd. Mitsui & Co., Ltd. is a global trading and investment company with a diversified business portfolio that spans approximately 63 countries in Asia, Europe, North, Central & South America, the Middle East, Africa and Oceania. Mitsui has over 5,600 employees and deploys talent around the globe to identify, develop, and grow businesses in collaboration with a global network of trusted partners. Mitsui has built a strong and diverse core business portfolio covering the Mineral and Metal Resources, Energy, Machinery and Infrastructure, and Chemicals industries. Leveraging its strengths, Mitsui has further diversified beyond its core profit pillars to create multifaceted value in new areas, including innovative Energy Solutions, Healthcare & Nutrition and through a strategic focus on high-growth Asian markets. This strategy aims to derive growth opportunities by harnessing some of the world’s main mega-trends: sustainability, health & wellness, digitalization and the growing power of the consumer.

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