CHEMICAL TECHNOLOGY
Johnson Matthey | June 22, 2022
Johnson Matthey a global leader in syngas production technologies, launches CLEANPACETM, a suite of ready-now technologies to retrofit existing grey hydrogen and methanol assets and reduce carbon emissions by up to 95%. Working together, JM is integrating its established Advanced ReformingTM technologies with leading pre-combustion CO2 capture providers, to deliver cost effective decarbonisation solutions. CLEANPACE will allow producers across the syngas value chain to retrofit existing assets resulting in significant and sustained carbon emissions reductions.
JM's CLEANPACE retrofit technologies enable CO2 reductions of up to 95% at a low upfront cost and minimized plot space versus competing options, while providing tailored benefits to further futureproof existing plants. With hundreds of mid to world scale syngas production plants in operation, many of which are less than 20 years old and still being depreciated, operators are able to retrofit their existing assets with CLEANPACE solutions and begin decarbonizing today.
Industrial sectors are ramping up efforts to reduce their greenhouse gas emissions, particularly from hard-to-abate sources, with syngas producers responsible for approximately 70% of CO2 emissions in the chemicals sector. The opportunity for JM's Low Carbon Solutions is to reduce CO2 emissions by over 100 million tonnes per year by 2030 from grey hydrogen production in Europe and North America alone, which represents 150-200 projects with an addressable market of £1-2 billion.
"The need for chemicals companies to decarbonise their existing facilities is well recognised and Johnson Matthey's CLEANPACE technology solutions are ready now for deployment by companies who are making progress on this path."
Jane Toogood, Catalyst Technologies Chief Executive at JM
Johnson Matthey is a global leader in sustainable technologies that enable a cleaner and healthier world. With over 200 years of sustained commitment to innovation and technological breakthroughs, we improve the performance, function and safety of our customers' products. Our science has a global impact in areas such as low emission transport, energy, chemical processing and making the most efficient use of the planet's natural resources. Today about 15,000 Johnson Matthey professionals collaborate with our network of customers and partners to make a real difference to the world around us.
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Hydro Systems | October 20, 2020
Hydro Systems, part of PSG and Dover, today announced its new family of RiteFlex™ portable dispensing products. The patent-pending product range features the RiteFlex Handheld Dispenser available in single and dual flow, and the RiteFlex Foamer/Sprayer. "Handheld dispensers offer numerous benefits, including versatility and the convenience of being ready to use without installation, training or additional equipment," said Matt Hayas, Global Product Manager, Hydro Systems. "Our RiteFlex products are the perfect solution for end-users who don't want the investment of a wall-mounted dispenser or for chemical suppliers who want to provide customers with convenience similar to ready-to-use products."
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CHEMICAL TECHNOLOGY
SHERWIN-WILLIAMS COMPANY | August 20, 2021
The Sherwin-Williams Company today announced it has signed an agreement to acquire the European industrial coatings business of Sika AG. The transaction is expected to close in the beginning of 2022.
Based in Germany with additional sales and technical support in Poland, Austria and Switzerland, Sika's European industrial coating business engineers, manufactures and sells corrosion protection coating systems for high value interior and exterior steel infrastructure, bridges, airport and rail, wind and energy, chemicals, power transmission and stations, interior linings for oil and gas tanks, vessels, and pipework, and water and wastewater applications, along with fire protection coating systems to protect and preserve steel, wood and concrete building components. Sales of the business were approximately CHF 75 million ($82 million) for the year ended December 31, 2020. The acquired business will become part of the Company's Performance Coatings Group operating segment. Approximately 130 Sika employees are expected to join Sherwin-Williams.
"This transaction fits our strategy of acquiring complementary, high-quality, differentiated businesses that add to our profitable growth momentum," said Sherwin-Williams Chairman, President and Chief Executive Officer, John G. Morikis. "The business brings us scale, unique technology, a strong sales and marketing team, technical service capabilities, strategically located manufacturing, and leading specification and approval positions, all of which we can leverage further throughout Europe and other regions across the world. Additionally, synergy opportunities give us great confidence in accelerating the already strong financial performance of the business. We look forward to officially welcoming Sika's industrial coating employees to Sherwin-Williams upon the close of the transaction at the beginning of next year."
ABOUT THE SHERWIN-WILLIAMS COMPANY
Founded in 1866, The Sherwin-Williams Company is a global leader in the manufacture, development, distribution, and sale of paint, coatings and related products to professional, industrial, commercial, and retail customers. The Company manufactures products under well-known brands such as Sherwin-Williams®, Valspar®, HGTV HOME® by Sherwin-Williams, Dutch Boy®, Krylon®, Minwax®, Thompson's® Water Seal®, Cabot® and many more. With global headquarters in Cleveland, Ohio, Sherwin-Williams® branded products are sold exclusively through a chain of more than 5,000 Company-operated stores and facilities, while the Company's other brands are sold through leading mass merchandisers, home centers, independent paint dealers, hardware stores, automotive retailers, and industrial distributors. The Sherwin-Williams Performance Coatings Group supplies a broad range of highly-engineered solutions for the construction, industrial, packaging and transportation markets in more than 120 countries around the world.
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