BASF Corporation | August 05, 2022
BASF has announced it will produce more 2-Pyrrolidone and N-Octyl-2-Pyrrolidone (NOP) at its Geismar, Louisiana, Verbund site. The production is anticipated to be on-stream in the second half of 2022 and will ensure a global supply of HEP and NOP.
"Our customers want to continue to grow in the ink, automotive and agricultural markets and will need increasing quantities for the foreseeable future. We can accompany these growth plans thanks to our double-digit-million-dollar investment by BASF in Geismar.”
Erika Peterman, Senior Vice President, Chemical Intermediates, North America
“It became clear that our facility in Geismar would make a perfect fit for increased production of HEP and NOP in the region,” explained Stefanie Demming, Vice President, Operations & Technology, Chemical Intermediates, North America. “We are pleased to take on a global supply role in North America.”
N-(2-Hydroxyethyl)-2-Pyrrolidone (HEP) is a versatile chemical intermediate. It proves essential as (co)-solvent for the production of crop protection agents, electronic, coating and inkjet formulations.
N-Octyl-2-Pyrrolidone (NOP) is a versatile chemical intermediate used particularly as a solvent and low-foaming surfactant. Among other things, NOP is used as a solvent in the production of crop protection active ingredients, it is also used as a wetting agent in dishwashing detergents as well as various automotive applications.
BASF Corporation, headquartered in Florham Park, New Jersey, is the US affiliate of BASF SE, Ludwigshafen, Germany. BASF has more than 16,700 employees in North America and had sales of $25.9 billion in 2021.
At BASF, we create chemistry for a sustainable future. We combine economic success with environmental protection and social responsibility. Around 111,000 employees in the BASF Group contribute to the success of our customers in nearly all sectors and almost every country in the world. Our portfolio comprises six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care and Agricultural Solutions. BASF generated sales of €78.6 billion in 2021. BASF shares are traded on the stock exchange in Frankfurt (BAS) and as American Depositary Receipts in the U.S. Further.
Sasol Chemical and LOTTE Chemical | June 20, 2022
Sasol Chemicals, a business unit of Sasol Ltd. and LOTTE Chemical have agreed to conduct a pre-feasibility study of a joint project to build, own and operate a plant to produce battery-grade electrolyte solvents, key components of lithium-ion batteries for electric vehicles.
The companies will assess the suitability of Sasol’s locations near Lake Charles in the United States and Marl in Germany for a facility that could produce a variety of battery-grade electrolyte solvents, using feedstock provided by Sasol and third parties and employing proprietary technologies of both LOTTE and third-party licensors.
"The increase in battery demand is driving the rapid growth of demand for the key materials that constitute a lithium-ion battery. LOTTE Chemical will lead the global battery materials market quantitatively and qualitatively by rapidly expanding our battery materials business,"
Young-Jun Lee, Head of the Battery Materials Business Group for LOTTE Chemical
“This agreement is consistent with our strategy to answer the sustainability challenge through the solutions we provide our customers,” said Shelley Grahmann, Vice President of Strategy Development and Optimisation for Sasol Chemicals. “With an existing Sasol footprint and strong site infrastructure available in Marl, and the development of our Lake Charles site as a sustainability hub, we are eager to determine if either site would be ideally suited for a facility to provide key materials to the lithium-ion battery market.” The project will also consider options to minimize carbon footprint, such as the usage of renewable energy.
Electrolyte solvents enable lithium-ion batteries by allowing lithium ions to travel more easily between the battery’s anode and cathode. Lithium-ion batteries are likely to be the key power source for electric vehicles.
About Sasol Chemicals
Sasol Chemicals is a solutions provider focused on sustainability, circularity and specialties. It fulfills its purpose of “Innovating for a better world” by offering a broad, state-of-the-art portfolio of specialty and commodity chemicals for a wide range of applications and industries.
Our solutions are used by more than 7,500 customers, in 120 countries, in countless products that improve the quality of life for people around the world. They also provide the building blocks for a sustainable future by helping reduce energy usage, waste and packaging, and by providing solutions to the renewable energy industry.
Sasol Chemicals is a business of Sasol Limited, a leading chemicals and energy company focused on creating sustainable value for our stakeholders. For more information, visit the Sasol Chemicals website.
About LOTTE Chemical
LOTTE Chemical is Korea's leading chemical company, contributing to the healthy and rich life of humankind through creative challenges and innovation.
Our extensive range of products from polymer to megatrend product groups is widely used in household goods that we frequently encounter in our everyday lives, as well as cutting-edge new materials.
LOTTE Chemical is poised to take another leap to protect nature and make human life more abundant through the continuous development of products using eco-friendly technologies. Based on ESG management, we will create a more convenient lifestyle for people and a better environment for nature, as we build a tomorrow that is more beneficial to both people and nature.
The Dow Chemical Company | August 10, 2022
Dow the world's leading materials science company, and X-energy, a nuclear energy innovation company, today announced that they have signed a letter of intent which will help Dow advance its carbon emissions reduction goals through the development and deployment of X-energy's advanced small modular nuclear technology in the U.S.
Dow and X-energy will collaborate with the intent to deploy X-energy's Xe-100 high-temperature gas reactor technology at one of Dow's U.S. Gulf Coast sites – which is expected to be operational by approximately 2030. The Xe-100 reactor plant would provide cost-competitive, carbon free process heat and power to the Dow facility. Dow also intends to take a minority equity stake in X-energy, working with the company to deploy small modular nuclear technology.
"Advanced small modular nuclear technology is going to be a critical tool for Dow's path to zero-carbon emissions and our ability to drive growth by delivering low-carbon products to our customers. X-energy's technology is among the most advanced, and when deployed will deliver safe, reliable, low-carbon power and steam. This is a great opportunity for Dow to lead our industry in carbon neutral manufacturing by deploying next-generation nuclear energy."
Jim Fitterling, Dow chairman and chief executive officer
X-energy's Xe-100 is a Generation IV, high-temperature gas reactor built on decades of research, development and operating experience. Each reactor is engineered to operate as a single 80 megawatts (MW) electric unit and is optimized as a four-unit plant delivering 320 MW electric. The reactor can provide clean, reliable and safe baseload power to an electricity system or support industrial applications with 200 MW thermal output per unit of high pressure, high temperature steam. Click here to see how the Xe-100 reactor works.
"Nuclear energy has always offered the promise of broad economy-wide decarbonization. Today's announcement marks an important step in turning that aspiration into reality," said Clay Sell, X-energy chief executive officer. "Dow has a remarkable 125-year history of bringing innovative solutions to the market, and their leadership is a critical driver in meeting decarbonization goals in the energy intensive industrial sector. X-energy is proud to combine our leading nuclear technology with Dow's production capabilities to deliver a global materials supply chain that is safer, cleaner, and greener than ever before."
The United States Department of Energy has recognized that advanced small modular nuclear reactor technology is a key part of the Department's goal to develop safe, clean and affordable nuclear power options. In 2020, X-energy was selected by the U.S. Department of Energy's Advanced Reactor Demonstration Program to deliver a four-unit Xe-100 plant in Washington state, which will make it among the first operational grid-scale advanced reactor plants in North America.
Small modular nuclear represents a key technology to enable energy-intensive industries to decarbonize. And this announcement marks an additional step in Dow's efforts to deliver 30% reduction in scope 1 and 2 carbon emissions since 2005 by 2030, on its path to achieving carbon neutrality by 2050. In 2021, Dow announced plans to build the world's first net-zero carbon emissions integrated ethylene cracker and derivatives site in Fort Saskatchewan, Alberta.
It also builds on Dow's efforts to continue transitioning its sites and operations globally to cleaner power. Last year, the Company expanded its access to renewable power to more than 900 MW and obtained more than 25% of its purchased electricity from renewable sources. Today, Dow is among the top 20 users of clean energy among global corporations.
Dow's comprehensive "INtersections" ESG report provides more detail on the Company's continued efforts to reduce carbon emissions around the world.
Dow ombines global breadth; asset integration and scale; focused innovation and materials science expertise; leading business positions; and environmental, social and governance (ESG) leadership to achieve profitable growth and deliver a sustainable future. The Company's ambition is to become the most innovative, customer centric, inclusive and sustainable materials science company in the world. Dow's portfolio of plastics, industrial intermediates, coatings and silicones businesses delivers a broad range of differentiated, science-based products and solutions for its customers in high-growth market segments, such as packaging, infrastructure, mobility and consumer applications. Dow operates 104 manufacturing sites in 31 countries and employs approximately 35,700 people. Dow delivered sales of approximately $55 billion in 2021. References to Dow or the Company mean Dow Inc. and its subsidiaries.
X-energy is a nuclear energy innovation company focused on the development of next-generation, zero-carbon nuclear energy. Based in Rockville, Maryland, X-energy designs and deploys advanced nuclear reactors and manufactures its proprietary TRISO-X fuel to improve the delivery of safe, affordable energy to people around the world.