Circular & Low Carbon Economy Benefits EU Chemical Industry

Industry Europe | January 17, 2020

The European chemical industry remains a strong part of the EU economy showing stable production levels over the past few years. While some traditional manufacturing sectors are currently in recession, the chemical industry is actively exploring new growth opportunities. These are expected to come from specialised, higher-value-added products and innovative solutions for a climate neutral and circular economy such as chemical recycling of plastics, advanced materials (polymers and composites) among others. Providing these solutions could become a competitive advantage of the EU chemical industry globally. In fact, with an annual investment of €10-billion in R&I the chemical industry can help turn Europe into a global innovation hub.

Spotlight

Some plastics are designed to be used once or for a short period of time. Many of these plastics help improves our health and safety while lowering environmental impacts. People rely on plastic products and packaging to improve our quality of life in several ways. Plastics enhance health and wellness; improve access to safe, nutritious foods; and reduce environmental impacts. For example, we rely on sterile plastics to help safely administer medicines and lifesaving medical treatments, while preventing the spread of infection and disease. Plastics also help keep food fresher longer, helping to prevent waste, food poisoning, and illness.

Spotlight

Some plastics are designed to be used once or for a short period of time. Many of these plastics help improves our health and safety while lowering environmental impacts. People rely on plastic products and packaging to improve our quality of life in several ways. Plastics enhance health and wellness; improve access to safe, nutritious foods; and reduce environmental impacts. For example, we rely on sterile plastics to help safely administer medicines and lifesaving medical treatments, while preventing the spread of infection and disease. Plastics also help keep food fresher longer, helping to prevent waste, food poisoning, and illness.

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CHEMICAL MANAGEMENT

ExxonMobil Makes First Commercial Sale of Certified Circular Polymers

ExxonMobil | February 25, 2022

ExxonMobil has completed its first commercial sale of certified circular polymers, using its Exxtend™ technology for advanced recycling of plastic waste. The purchaser is Berry Global, a leading provider of innovative packaging and engineered products, which will use the circular polymers to manufacture containers for high-performance food-grade packaging on a mass balance approach. “We are scaling up our advanced recycling capabilities around the world to manufacture more circular products for our customers. Our Exxtend technology helps us meet the growing demand for certified circular polymers, particularly in food contact applications where plastic products provide key sustainability benefits.” Karen McKee, president of ExxonMobil Chemical Company Exxtend™ technology helps expand the range of plastic materials that society recycles, while maintaining the performance of products over multiple recycling loops. Product quality and performance of the certified circular polymers are identical to polymers produced from virgin raw materials, increasing the variety and number of customer applications. “We have ambitious sustainable packaging goals that include achieving 30 percent circular content across our fast-moving consumer goods packaging by 2030,” said Tarun Manroa, chief strategy officer of Berry Global. “Advanced recycling can help our customers meet their sustainability goals and accelerate the move to a more circular economy. Collaboration across the value chain is critical to achieving this.” The initial sale of certified circular polymers is based on plastic waste processed at ExxonMobil’s advanced recycling facility at its integrated site in Baytown, Texas. The facility began operations in 2021 and has already processed more than 4 million pounds of plastic waste. The operation in Baytown will be among North America’s largest advanced plastic waste recycling facilities with a capacity to recycle 30,000 metric tons of plastic waste per year when its expansion is complete later this year. Leveraging ExxonMobil’s existing assets, the company’s advanced recycling capabilities can be rapidly scaled to process a wide range of plastic waste. To help meet the growing market demand for certified circular plastics, ExxonMobil plans to increase its annual advanced recycling capacity to 500,000 metric tons, or approximately 1 billion pounds, by year-end 2026 across multiple sites globally. The company has obtained certifications through the International Sustainability and Carbon Certification Plus (ISCC PLUS) process for several of its facilities including Baytown. ISCC PLUS is widely recognized by industry as an effective system to certify the circularity of products based on advanced recycling using mass balance attribution of plastic waste. About ExxonMobil ExxonMobil, one of the largest publicly traded international energy companies, uses technology and innovation to help meet the world’s growing energy needs. ExxonMobil holds an industry-leading inventory of resources, is one of the largest refiners and marketers of petroleum products, and its chemical company is one of the largest in the world. To learn more, visit exxonmobil.com, the Energy Factor and Carbon capture and storage | ExxonMobil.

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CHEMICAL TECHNOLOGY

U.S. Chemical Production Grows For Fourth Straight Month In October

U.S. Chemical | December 07, 2020

The U.S. Substance Production Regional Index (U.S. CPRI) rose 0.9 percent in October following a 0.8 percent pick up in September and a 1.0 percent expansion in August, as indicated by the American Chemistry Council (ACC). During October, substance yield extended in all districts, with the biggest additions happening in the Northeast area. The U.S. CPRI is estimated on a three-month moving normal (3MMA) premise. In October, substance creation kept on improving in numerous sections including, chlor-salt, other inorganic synthetic compounds, natural synthetic compounds, modern gases, plastic saps, manufactured colors and shades, customer items, cements, other forte synthetic compounds and composts. Creation patterns facilitated in coatings, fabricated filaments, engineered elastic and yield assurance synthetic compounds. As practically totally fabricated merchandise are created utilizing science in some structure, producing movement is a significant marker for compound interest. The assembling recuperation proceeded for a fourth sequential month in October, with generally speaking production line movement up by 0.8 percent (3MMA). The pattern underway rose in virtually all key science end-use ventures, with the most grounded gains found in iron and steel, aviation, foundries, tires, hardware and attire. Contrasted and October 2019, U.S. substance creation was off 4.9 percent on a year-over-year (Y/Y) premise, the seventeenth continuous month of decreases, yet shows consistent improvement in the course of recent months. Compound creation remained lower than a year back in all locales, with the biggest year-prior decreases happening in the Northeast, Mid-Atlantic, and West Coast areas. The science business is probably the biggest business in the United States, a $565 billion endeavor. The assembling area is the biggest purchaser of substance items, and 96 percent of fabricated products are moved by science. The U.S. CPRI was created to follow substance creation movement in seven areas of the United States. The U.S. CPRI depends on data from the Federal Reserve, and thusly, incorporates month to month corrections as distributed by the Federal Reserve. To smooth month-to-month changes, the U.S. CPRI is estimated utilizing a three-month moving normal. Hence, the perusing in October reflects creation action during August, September, and October.

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CHEMICAL TECHNOLOGY

Benvic Group Acquires Chemres, A Specialty US Compounder Focused On High-Performance Polymer Compounds Primarily For The Medical Sector

Benvic Group | August 17, 2021

Benvic announces the acquisition of the US-based Chemres, a leading provider of polymers, custom compounds and solutions for a variety of industries including medical, packaging, wire & cable. Headquartered in Princeton (New Jersey) and with operations in Chesapeake (Virginia), Chemres is a specialty compounder with a strong position in the US contact lens market and it also has long-term customer relationships in the medical, wire & cable, and packaging industries. The company provides a high level of dedicated customer service as well as logistical and supply chain management expertise. The combination with Chemres will allow Benvic to enter the US market and strengthen its exposure to the medical sector, allowing Benvic to become a key global supplier in this market. Benvic will combine its track record of supplying highly innovative solutions with the expertise of Chemres in the North American marketplace and its strong customer portfolio. The acquisition of Chemres is the ninth 'add-on' acquisition since Benvic joined Investindustrial's portfolio in 2018. Among the others, in 2019 Benvic acquired Modenplast Medical, an Italian compounder, specializing in medical grade vinyl compounds and tubing extrusion. This was followed in 2020 with the acquisition of Luc & Bel, an Italian manufacturer which specializes in the design and manufacture of medical device components, and in 2021 with the acquisition of selected TPE and PP compounding assets from Celanese. Luc Mertens, CEO of Benvic Group, said: "like Benvic, Chemres is a top performer in the compounding industry; out-performing competitors in growth, quality and client satisfaction. Our shared culture for performance and innovation will enable us to develop new business and technical synergies, and provide us with an exciting strategic opportunity in the US market. We look forward to work closely with the management team of Chemres in the coming years to expand our operations in North America and grow our polymer expertise across sectors and in particular in the medical sector. This acquisition is an important step forward in Benvic becoming a global leader in compounding." Paul Keimig, CEO of Chemres, said: "Chemres is excited to partner with Benvic in order to accelerate our growth as well as provide additional value for our customers. Benvic's proven success in similar markets and the desire to use Chemres to grow its portfolio in the US market was key in our decision making process. With Benvic's vision to be the global leader, Chemres will accelerate its growth through organic and additional compounding acquisitions in the US market. Together, Benvic Group, through Chemres, will have unparalleled, global capabilities in the compounding world." About Benvic Group Founded in 1963 and a portfolio company of Investindustrial since 2018, Benvic Group is one of the leading suppliers of thermoplastic solutions in Europe. From idea to realization for its customers, Benvic develops, manufactures and markets innovative and highly customized thermoplastic solutions that are used in a wide range of applications, namely construction, medical, automotive, fluid transport, electro technical products, cables and food. Benvic has around 470 employees and currently operates a total of 8 production sites in France, Italy, Spain, Poland and UK. The group now exports to over 60 countries worldwide. About Chemres Headquartered in Princeton, NJ, Chemres is a global supplier of commodity and engineering resins. For nearly 25 years, Chemres has been servicing the medical, packaging and wire & cable markets using multiple manufacturing technologies. The company's ISO 13485:2016 compounding facility in Chesapeake, VA has recently added capacity to support the growing demand. Located near the Norfolk International Terminals (NIT), the site offers easy access for imports/exports and transfer of material from sea containers to railcar, bulk truck and various packaging options.

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