Cannabis chemical CBD showing up in more consumer products

ctv news | March 21, 2019

From skin-care lotions to bottled water, cannabis companies are rolling out a growing array of consumer products infused with a chemical found in marijuana called cannabidiol, or CBD. The compound doesn't have the ingredient that gives marijuana users a high. Instead, CBD product makers say they promote general health and well-being. The U.S. retail market for CBD is projected to swell from an estimated US$2 billion last year to US$16 billion by 2025, according to a report by equity analysts at Cowen.

Spotlight

Chemistry is the fastest growing industrial sector on the continent with over 325 projects announced in North America, representing over $258 billion in investment. An investment in Canada’s chemistry sector is an investment in creating some of the lowest GHG-intensive chemistry products on the planet.

Spotlight

Chemistry is the fastest growing industrial sector on the continent with over 325 projects announced in North America, representing over $258 billion in investment. An investment in Canada’s chemistry sector is an investment in creating some of the lowest GHG-intensive chemistry products on the planet.

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CHEMICAL MANAGEMENT

Hoover CS Secures Long-term Catalyst Management Agreement with ART

Hoover CS | September 22, 2021

Hoover CS is proud to announce a multi-year agreement with Advanced Refining Technologies LLC (ART), the joint venture of US specialty chemicals and materials company W. R. Grace & Co. and US energy company Chevron, in partnership with Bahrain Petroleum Company (Bapco). Under the terms of the agreement, Hoover CS will provide ART with circular catalyst packaging and logistics solutions in support of the largest catalyst management agreement signed in Bapco’s history. On August 11th, 2021, Hoover CS executive leadership attended the signing ceremony with Bapco’s Chairman and Chief Executive Dr. Dawood Nassif, along with senior management and executives from Bapco, ART, and Chevron Lummus Global (CLG). It’s very exciting to be part of the single largest catalyst management agreement in Bapco’s history, We look forward to working closely with ART in providing sustainable packaging solutions and managing key aspects of the logistics across the supply chain. -Arash Hassanian, Hoover CS Senior Vice President Jag Reddy, Managing Director of ART, said, “Hoover CS plays a critical role in helping us align with Bapco’s sustainability initiatives. Their industry-leading circular catalyst packaging and logistics solutions enable us to deliver a convenient, and sustainable solution for our client.” Hoover CS will play a critical role in the transportation of fresh and spent catalyst to and from the United States, the Kingdom of Bahrain, and South Korea, along with specialized logistics and services, such as handling and repackaging, truck loading, and fleet management through its proprietary FleetAI technology. In addition, Hoover CS will identify opportunities to improve circularity within ART’s supply chain, ensuring sustainability goals and net zero objectives are at the forefront of their strategy. About Hoover CS Hoover CS is paving the way for customers across the chemical, refining and general industrial-end markets to move away from single-use containers. Through its large rental fleet of reusable liquid and dry IBCs and ISO tanks, combined with integrity management and fleet management services, Hoover CS’s sustainable packaging solutions facilitate circularity across the supply chain, yielding an optimized environmental footprint through reduced plastic, water conservation, and lower greenhouse gas emissions. About ART Hydroprocessing ART, a joint venture between Grace and Chevron, is a leading supplier of hydroprocessing catalysts that produce cleaner fuels. ART Hydroprocessing™ represents a complete portfolio of resid hydrotreating, hydrocracking, and lubes hydroprocessing, and distillate hydrotreating catalyst technologies through a global manufacturing network. ART Hydroprocessing combines Chevron’s extensive expertise in refining operations, catalyst technology and development, process design leadership, and licensing with Grace’s materials science, specialty chemical manufacturing, and global sales and technical service strengths, to improve refiners’ profitability through catalytic solutions that improve the quality and yields of fuels refined from a wide variety of feedstocks. The ART team works seamlessly with CLG, itself a joint venture between Chevron U.S.A. Inc. and Lummus Technology, which is a leading process technology licensor for refining hydroprocessing technologies and alternative source fuels..

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CHEMICAL MANAGEMENT

Forever chemicals’ pollute water from Alaska to Florida

Forever chemicals | December 23, 2020

Tom Kennedy found out about the drawn out tainting of his family's drinking water around two months after he was informed that his bosom disease had metastasized to his mind and was terminal. The difficulties polluting his tap: per-and polyfluoroalkyl substances (PFAS), a general classification of synthetic compounds developed during the 1900s to add attractive properties, for example, stain-sealing and against adhering to shoes, cookware and other regular articles. Producers in Fayetteville, North Carolina, had been releasing them into the Cape Fear River – a local drinking water source – for quite a long time. "I was incensed," says Kennedy, who lives in close by Wilmington. "I made the association before long that PFAS likely added to my condition. In spite of the fact that it's nothing that I can demonstrate." The one-two punch of awful news came over three years prior. Kennedy, who has outlasted his visualization, is currently a functioning supporter for stiffer guideline of PFAS. "PFAS is all over the place," he says. "It's truly difficult to get any change." In fact, different types of PFAS are as yet utilized in a range of modern and buyer items – from nonstick fricasseeing skillet and stain-safe floor coverings to food coverings and firefighting froth – and have gotten universal. The synthetic substances enter the climate anyplace they are made, spilled, released or utilized. Downpour can flush them into surface wellsprings of drinking water, for example, lakes, or PFAS may slowly move through the dirt to come to the groundwater – another critical wellspring of public water frameworks and private wells. nonstick broiling container and stain-safe rugs to food coverings and firefighting froth – and have gotten omnipresent. The synthetics enter the climate anyplace they are made, spilled, released or utilized. Downpour can flush them into surface wellsprings of drinking water, for example, lakes, or PFAS may continuously move through the dirt to come to the groundwater – another critical wellspring of public water frameworks and private wells.

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CHEMICAL MANAGEMENT

PPG Completes Acquisition of Coatings Manufacturer VersaFlex

PPG Industries | February 22, 2021

PPG (NYSE:PPG) today announced that it has completed its acquisition of VersaFlex from DalFort Capital Partners. VersaFlex specializes in polyurea, epoxy and polyurethane coatings for water and wastewater infrastructure, flooring, transportation infrastructure, and industrial applications. Financial terms were not disclosed. VersaFlex is an aggregation of four U.S.-based protective coatings companies, consisting of legacy VersaFlex, Raven Lining Systems, Milamar Coatings and Specialty Products, Inc. The company has approximately 130 employees and three manufacturing sites located in Kansas, Oklahoma and Washington. Its full year 2020 revenue was approximately $70 million. PPG: WE PROTECT AND BEAUTIFY THE WORLD™ At PPG (NYSE:PPG), we work every day to develop and deliver the paints, coatings and materials that our customers have trusted for more than 135 years. Through dedication and creativity, we solve our customers’ biggest challenges, collaborating closely to find the right path forward. With headquarters in Pittsburgh, we operate and innovate in more than 70 countries and reported net sales of $13.8 billion in 2020. We serve customers in construction, consumer products, industrial and transportation markets and aftermarkets. To learn more, visit www.ppg.com. About DalFort Capital Partners DalFort Capital Partners is a sector-focused investment firm based in Dallas, Texas, specializing in partnering with entrepreneurs and management teams in the lower middle market. The company works collaboratively to strengthen a company's strategic and financial position through operational improvements and acquisitions of complementary businesses. DalFort specialize in identifying and executing strategic add-on acquisitions for our portfolio companies that enhance the company's relationship with existing customers and expand its reach into new geographies or market niches.

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