EPA Repatriates Four Containers of Hazardous Chemical to Greece, Fines LEC for Pollution

Liberian Observer | January 13, 2020

The Environmental Protection Agency (EPA) has with immediate effect ordered the repatriation of four 40-feet containers of hazardous chemicals to Greece, from where they were brought, before entering Liberia. According to EPA Executive Director Nathaniel Blama, the chemical on the containers were fast tracked by the Liberia Revenue Authority (LRA) while conducting its regular inspection of cargos that are brought into the country.  The EPA Director said the chemical when disposed of in any environment has the propensity to cause hazard to human health. On January 2, 2020, the anti-smuggling unit of the Liberia Revenue Authority, while inspecting shipments at the Freeport of Monrovia, observed an unusual foul odor oozing from a consignment of polyethylene bags.  Suspecting that the bags could contain hazardous chemicals smuggled into Liberia, the anti-smuggling unit immediately notified the EPA to launch an investigation into the content of the shipment, and when the EPA arrived on the scene, it confiscated the four 40 foot containers containing compressed empty polyethylene bags shipped from Greece to Liberia by Republic Waste Services, a Liberian registered company engaged in recycling waste,” said Executive Director Blama.

Spotlight

Confused about what kinds of the plastic can and can’t be recycled in York? We are pleased to share this handy at-a-glance guide from the team at St Nick’s, the environmental center in York, which makes it clear what you can put in your council-collected kerbside bins – and what to take elsewhere. At the moment it’s only types 1 and 2 – plastic bottles and plastic jars – that can go in the kerbside collection, but there are other options for some other types.

Spotlight

Confused about what kinds of the plastic can and can’t be recycled in York? We are pleased to share this handy at-a-glance guide from the team at St Nick’s, the environmental center in York, which makes it clear what you can put in your council-collected kerbside bins – and what to take elsewhere. At the moment it’s only types 1 and 2 – plastic bottles and plastic jars – that can go in the kerbside collection, but there are other options for some other types.

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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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Sinopec's E-commerce Platform Epec.com Closes Deals Totaling Nearly USD 40 Billion

Sinopec | November 06, 2020

Epec.com, a professional SC2B e-commerce platform for industrial products launched by China Petroleum & Chemical Corporation (HKG: 0386, "Sinopec") in 2017, has listed a total of 1,565 online vendors and more than 14,000 product items since it went online three years ago, achieving an accumulated transaction volume of over USD 39 billion. Epec.com is an e-commerce platform facilitating SC2B (supply chain to businesses) transactions of industrial products, serving Sinopec as well as providing procurement, sales, financial and general services for global enterprises.

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CHEMICAL MANAGEMENT

Huntsman Completes the Acquisition of Gabriel Performance Products, Further Expanding its Specialty Chemicals Portfolio

Huntsman | January 20, 2021

Huntsman Corporation (NYSE: HUN) today announced it completed the acquisition of Gabriel Performance Products (Gabriel), a North American specialty chemical manufacturer of specialty additives and epoxy curing agents for the coatings, adhesives, sealants and composite end-markets, from Audax Private Equity. Huntsman paid $250 million, subject to customary closing adjustments, in an all-cash transaction funded from available liquidity. Gabriel had 2019 revenues of approximately $106 million with three manufacturing facilities located in Ashtabula, Ohio, Harrison City, Pennsylvania and Rock Hill, South Carolina. Based on calendar year 2019, the purchase price represents an adjusted EBITDA multiple of approximately 11 times, or approximately 8 times pro forma for synergies. Huntsman Corporation is a publicly traded global manufacturer and marketer of differentiated and specialty chemicals with 2019 revenues of approximately $7 billion. Our chemical products number in the thousands and are sold worldwide to manufacturers serving a broad and diverse range of consumer and industrial end markets. We operate more than 70 manufacturing, R&D and operations facilities in approximately 30 countries and employ approximately 9,000 associates within our four distinct business divisions. Certain information in this release constitutes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on management's current beliefs and expectations. The forward-looking statements in this release are subject to uncertainty and changes in circumstances and involve risks and uncertainties that may affect the company's operations, markets, products, services, prices and other factors as discussed under the caption "Risk Factors" in the Huntsman companies' filings with the U.S. Securities and Exchange Commission. Significant risks and uncertainties may relate to, but are not limited to, volatile global economic conditions, cyclical and volatile product markets, disruptions in production at manufacturing facilities, reorganization or restructuring of Huntsman's operations, including any delay of, or other negative developments affecting the ability to implement cost reductions, timing of proposed transactions, and manufacturing optimization improvements in Huntsman businesses and realize anticipated cost savings, ability to achieve projected synergies, and other financial, economic, competitive, environmental, political, legal, regulatory and technological factors. The company assumes no obligation to provide revisions to any forward-looking statements should circumstances change, except as otherwise required by applicable laws.

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