CHEMICAL MANAGEMENT

CW Petroleum Corp (CWPE): 2021 Gross Revenues Exceed $8 Million

CW Petroleum Corp | January 13, 2022

CW Petroleum Corp, a leading PROPRIETARY REFORMULATED NO ETHANOL FUELS AND BIOFUEL provider, reports that for the fiscal year 2021, it has exceeded 2020 Gross Revenues. In addition, the company continues to seek to expand its PROPRIETARY NO ETHANOL GASOLINE sales into the Northeastern USA and Chicago markets in 2022.

We are pleased to announce a 16-percent increase in gross revenue for 2021. Strong demand for our No Ethanol fuel, along with a surge in consumer demand and higher gas prices, drove growth. We anticipate our bottom line to remain on a positive path as we raise additional funds to expand our footprint in new markets and continue to develop sustainable fuel products.”

Chris Williams, Chief Executive Officer of CW Petroleum Corp

Williams added, “Since our inception, we have taken deliberate strategic and operational actions that have resulted in consistent year-over-year gross revenue growth. Looking into the new year, we expect to deliver another robust financial year that will positively affect our stock price.”

About CW Petroleum Corp
CW Petroleum Corp supplies and distributes Biodiesel, Biodiesel Blends, Renewable Gasoline, and a Proprietary EPA Approved Reformulated No Ethanol Gasoline to distributors, convenience stores, marinas, and end-users.

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The Centers for Disease Control and Prevention (CDC) oversees the U.S. chemical weapons elimination program. We’ve worked for over 30 years to keep Americans safe from dangerous chemicals in warfare materials by monitoring the process for safely destroying them and making sure workers and nearby communities stay safe and healthy.

Spotlight

The Centers for Disease Control and Prevention (CDC) oversees the U.S. chemical weapons elimination program. We’ve worked for over 30 years to keep Americans safe from dangerous chemicals in warfare materials by monitoring the process for safely destroying them and making sure workers and nearby communities stay safe and healthy.

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CHEMICAL MANAGEMENT

ClassOne Technology and Fraunhofer ENAS to Collaborate on Hybrid Bonding for Advanced Imaging Devices

ClassOne Technology | June 03, 2022

ClassOne Technology, a leading global provider of advanced electroplating and wet processing tools for microelectronics manufacturing, today announced it is partnering with the Fraunhofer Institute for Electro Nano Systems (ENAS) on hybrid bonding techniques for heterogeneous integration of high-density pixel arrays. The work will be conducted at Fraunhofer’s Chemnitz, Germany, facility, which is fully equipped with advanced process systems, including electroplating, chemical-mechanical planarization (CMP), wafer aligners and bonders, and tools for all wafer cleaning steps. The two partners will collaborate to develop, optimize, and integrate individual unit process steps involved in hybrid bonding of high-density pixel arrays and CMOS devices, enabling creation of thin, compact final devices for advanced imaging or sensing end products. Fraunhofer ENAS will lend its expertise in pixel array development, hybrid bonding and the entire device integration scheme. ClassOne Technology will optimize its industry-leading plating technology with CMP to mitigate associated process challenges, resulting in a final wafer optimally conditioned for high-yield bonding. The goal of the joint effort is to construct a scalable process that speeds the pixel array die transfer onto the backplane wafer. “Through our R&D work with a range of semiconductor technologies, we have witnessed the emergence of device technology advancements and enabling integration schemes that require world-class electroplating capabilities. ClassOne has built a sterling reputation in this area, particularly for More than Moore applications. Their combination of industry know-how and on-wafer processing capability makes them our ideal partner to create a cohesive hybrid bonding integration scheme for high-density pixel arrays.” Harald Kuhn, head of Fraunhofer ENAS “Fraunhofer ENAS’s vision for technology enablement is closely aligned with ours, making this partnership a great fit for us both,” concurred John Ghekiere, vice president, product and technology for ClassOne Technology, whose solutions have been selected by the world’s leading fabs for development and production of microdisplays. “Fraunhofer requires the advanced electroplating capability that our Solstice platform delivers, and ClassOne seeks to ensure our solutions fit perfectly into the emerging integration schemes that are driving new, enabling device innovations.” About Fraunhofer ENAS The Fraunhofer Institute for Electronic Nano Systems ENAS focuses on applied research for the development of smart integrated systems. The institute offers research and development services from the idea, via design and technology development up to tested prototypes. It is also a leading center for micro materials reliability. About ClassOne Technology ClassOne Technology is a leading provider of advanced electroplating and wet processing systems for semiconductor and microelectronic device manufacturing around the world. Its advanced IP portfolio comprises highly customized, cost-effective processing solutions for critical wafer processes used to manufacture compound semiconductor devices for the photonics, power, 5G, sensor and MEMS markets. With tools installed in leading-edge fabs and research organizations worldwide, ClassOne’s flagship Solstice® platform is highly configurable, comprising fully and semi-automated electroplating and wet processing applications with the industry’s most competitive ROI.

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CHEMICAL MANAGEMENT

Knight Material Technologies Acquires Electro Chemical

Knight Material Technologies | May 19, 2022

Knight Material Technologies located in Canton, Ohio, has acquired Electro Chemical Engineering and Manufacturing Co. located in Emmaus, PA. KMT is a leading service provider and manufacturer in the corrosion-resistant materials industry, and EC is a leader in high-performance fluoropolymer-lined vessels. Combining the two companies' solutions will create a larger, complementary product offering that will drive expansion into new markets and industries. EC will benefit from KMT's expanded reach, including the U.S. Gulf Coast and global markets, while Knight will expand its solutions with EC's fluoropolymer vessels and other materials. The Gulf Coast region has not previously had a local manufacturer for the sales, project personnel and manufacturing of fluoropolymer-lined vessels. Utilizing KMT's Houston office, and fabrication facilities in Baytown, Texas, EC intends to expand into the region to assist local customers with broader range of both products and services. In addition to EC's various fluoropolymer vessel liners, including PVDF, ECTFE, ETFE, FEP, PFA, PTFE, and more. EC also has proprietary adhesive systems for sheet lining and plastic welding technology. "Electro Chemical and Knight Material Technologies have separate technology and service solutions within the same industries and even some of the same customers. Together, we will be able to become more of a complete solutions provider to our customers and create leverage that will accelerate the growth potential for both companies. This will be a win-win situation for our companies, customers and employees." Kevin Brooks, President of KMT Electro Chemical also owns a subsidiary, Superior Dual Laminate Products in Vancouver, BC. SDL focuses on producing FRP dual laminate equipment, including piping, headers, tanks and specialty equipment. Dual laminate equipment is the preferred corrosion-resistant material in various industries, including the chlor-alkali industry. "We are excited to add the innovation technology Electro Chemical offers to our product line," added Brooks. "The company provides proprietary services with technical differentiation and consistently brings industry-leading innovation to its customers, such as its work in increasing the temperature resistance of epoxy adhesives and new welding techniques." "This represents a tremendous opportunity for our company and workforce at EC," said Mike Bunner, President, who will remain with EC as a consultant through the transition period. "Throughout our 70+ year history, EC has focused on driving innovation and technology solutions for our customers. This acquisition extends our geographic reach and positions us to bring even more capabilities to our customers in ways that will strengthen our position as a premier provider of linings and coatings to some of the industry's most demanding applications." KMT expects that the workforce at both organizations will expand as business increases. Company officials added that additional resources will support increased capital equipment investments to meet future demand. About Knight Material Technologies Founded in 1910, Knight Material Technologies designs, installs, services and manufactures custom acid-resistant linings used in highly corrosive processes for the chemical and mining industries worldwide. Headquartered in East Canton, OH, the company sells products in more than 40 countries with sales offices in Australia and Chile and a fabrication shop in Baytown, Texas. In addition, KMT produces industry-leading ceramic packing media for chemical process and regenerative thermal oxidation systems with customers in a wide range of industrial applications. About Electro Chemical Since 1949, Electro Chemical has been creating innovative and leading technologies in fluoropolymer lining and coating systems for pressure vessels, tanks, distribution equipment and internal components. EC corrosion protection systems are reliable and durable while providing lower capital costs than alternative solutions. Located in Emmaus, PA, EC also has a subsidiary, Superior Dual Laminate Products (SDL), located in Vancouver, BC, focusing on FRP dual laminate equipment, including piping and headers, tanks and specialty equipment.

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CHEMICAL MANAGEMENT

Alpek Concludes Acquisition of OCTAL

OCTAL and Alpek | June 02, 2022

Alpek, S.A.B. de C.V. announced that it has received all necessary approvals from the regulatory authorities and has finalized its acquisition of OCTAL Holding SAOC Pursuant to the purchase agreement, Alpek acquired 100% of the shares of OCTAL for U.S. $620 million on a debt-free basis. Financing was secured through a mix of free cash flow generated from existing businesses and dedicated bank loans. Alpek will assume control of OCTAL's operations starting on June 1, 2022. The Company expects an accretive EBITDA effect of approximately U.S. $120 million from these assets throughout the remainder of 2022, largely based on the better-than-expected Polyester market conditions prevalent in recent months. This would increase the Company's Comparable EBITDA Guidance to U.S. $1,370 million and Reported EBITDA Guidance to U.S. $1,485 million. "We are pleased to have concluded this acquisition ahead of the expected timeline. We are excited to welcome OCTAL's management team and employees into our family, leveraging their long-standing relationships with customers, their diverse backgrounds, and technical proficiency to drive the Company's long-term growth." José de Jesús Valdez, Alpek's CEO About Alpek Alpek is a leading petrochemical company operating two business segments: "Polyester" and "Plastics & Chemicals" Alpek is a leading producer of PTA, PET resin and PET sheet worldwide, one of the largest rPET producers in the Americas, the third largest expandable polystyrene manufacturer worldwide, and the only producer of polypropylene in Mexico. In 2021, Alpek reported revenues of U.S. $7.7 billion and Comparable EBITDA of U.S. $962 million. The Company operates 35 plants across the United States, Mexico, Canada, Brazil, Argentina, Chile, Oman, Saudi Arabia, and the United Kingdom, and employs over 6,500 people. Alpek is a publicly traded company listed on the Mexican Stock Exchange.

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