CHEMICAL TECHNOLOGY, PRODUCTS AND TECHNOLOGIES
Aspen Technology, Inc. | December 14, 2022
Aspen Technology, Inc. a global leader in industrial software, announced a partnership with Aramco one of the world’s leading integrated energy and chemicals companies, that positions AspenTech to introduce a unique, integrated modelling and optimization solution that will enable capital intensive industries to achieve practical and economic solutions for Carbon Capture and Utilization.
The new solution is based on technology developed by Aramco collaboratively with the Korea Advanced Institute of Science & Technology. Aramco, through its subsidiary Saudi Aramco Technologies Company has licensed the technology to AspenTech as part of its broader capabilities to optimize carbon emissions reduction. It will aim to address the identification of the most promising carbon capture and utilization paths by simultaneously considering economics, process design and operations constraints and CO2 reduction. The goal of this innovation is to enable businesses to make evidence-based decisions in support of adopting carbon management strategies that optimize and accelerate sustainable operations.
“The advanced and reliable optimization algorithm developed by Aramco provides a visualized superstructure interface for users to intuitively develop case options and cost curves.”
Dr. Aqil Jamal, Carbon Management Chief Technologist at Aramco’s Research & Development Center
Dr. Bashir Dabbousi, Director of Technology Strategy and Planning at Aramco added, “Aramco and AspenTech will combine their strengths to bring together integrated modelling and optimization to help make informed decisions on carbon strategies and ultimately to help meet sustainability targets.”
Dr. Vikas Dhole, General Manager, Sustainability at Aspen Technology said, “Our agreement with Aramco demonstrates the importance of technology innovators working together to address the biggest challenges in ensuring a sustainable future. The AspenTech solution, based on this partnership between AspenTech and Aramco, will aim to help companies rapidly evaluate potential opportunities and new innovative solutions that mitigate carbon footprints while ensuring profitability.”
Aramco is a global integrated energy and chemicals company. We are driven by the core belief that energy is opportunity. From producing approximately one in every eight barrels of the world’s oil supply to developing new energy technologies, our global team is dedicated to creating impact in all that we do. We focus on making our resources more dependable, more sustainable and more useful. This helps promote stability and long-term growth around the world.
About Saudi Aramco Technologies Company
Saudi Aramco Technologies Company is a wholly owned subsidiary of Saudi Aramco, a leading global integrated energy and chemicals company driven by the core belief that energy is an opportunity. Saudi Aramco Technologies serves as the research arm of Saudi Aramco, specializing in developing and providing downstream technology solutions in the refining and petrochemical area.
About Aspen Technology
Aspen Technology is a global software leader helping industries at the forefront of the world’s dual challenge meet the increasing demand for resources from a rapidly growing population in a profitable and sustainable manner. AspenTech solutions address complex environments where it is critical to optimize the asset design, operation and maintenance lifecycle. Through our unique combination of deep domain expertise and innovation, customers in capital-intensive industries can run their assets safer, greener, longer and faster to improve their operational excellence.
CHEMICAL TECHNOLOGY, CHEMICAL MANAGEMENT
Ring Container Technologies | January 05, 2023
Ring Container Technologies, an industry leader in plastic container manufacturing, announced that its BarrierGuard® OxygenSmartTM technology, which is designed to safeguard both product freshness and the environment, has achieved Critical Guidance Recognition from the Association of Plastic Recyclers (APR).
APR's Critical Guidance Recognition, a program for evaluating recyclability in plastic packaging designs, is awarded to companies for solutions that tackle well-established difficulties in sustainable package design. BarrierGuard® OxygenSmartTM met the strict requirements for clear PET resins and molded products, which helps the circularity design of the APR.
BarrierGuard® OxygenSmartTM can be modified to reach up to 24-month shelf life with a variety of items, such as ketchup, other tomato-based sauces, instant coffee, salsas, almonds, and infant food, among others. The technology previously acquired the How2Recycle® "Widely Recycled" designation, indicating widespread acceptance in curbside recycling systems. The barrier technology can use post-consumer recycled content without affecting the barrier's performance.
APR, an international trade association, represents the plastic recycling sector. As a member of the group, Ring Container Technologies is dedicated to the success of plastic recycling.
About Ring Container Technologies
Ring Container Technologies is a privately held multinational corporation. For more than 50 years, the company has been focused on providing container technology solutions for its clients, and it has evolved to be an industry innovation leader and one of the largest PET and HDPE plastic container manufacturers in North America. Ring Container Technologies seeks to promote innovation while exceeding expectations through design, with the goal of being fiscally, socially, and environmentally responsible.
CHEMICAL TECHNOLOGY, SCIENCE AND RESEARCH
Clariter | February 02, 2023
A global cleantech company, Clariter and TotalEnergies’ division, TotalEnergies Fluids, recently announced its world's first sustainable ultra-pure solvent made from plastic waste.
Ultra-pure solvents are utilized in cosmetics, pharmaceuticals, and other markets in high demand that require safe, odorless, colorless, and tasteless products that meet the criteria of the highest pharmacopeia-standard purity. In addition, the solvents made from plastic waste help reduce their environmental footprint and contribute towards the end-of-life plastics challenge.
Clariter and TotalEnergies Fluids worked together for 18 months on joint research and development, which led to this technological and business success. Clariter uses its own innovative upcycling technology to turn plastic waste into high-quality solvents, waxes, and oils that can be used more than once. Using its Hydro-De-Aromatization (HDA) technology, TotalEnergies Fluids further transforms the upcycled materials into high-purity solvents that meet the quality levels required by the most stringent applications.
This revolutionary innovation shows the commitment of the two partners to develop high-quality, low-carbon footprint products and contribute to the circular economy's development.
Dr. Daria Frączak, Clariter's Scientific Director, said, "Developing products of such high quality from plastic waste is a triumph for our joint R&D work." She also said, "Clariter's know-how and experience in plastic upcycling, together with TotalEnergies Fluids' deep knowledge of stringent industry requirements, came together to develop a process to produce sustainable solvents that meet the highest purity standards. We are thrilled to have achieved this significant milestone in our journey towards bringing to industry sustainable, high-quality products made from plastic waste".
Clariter was established in 2003 and is a global cleantech company providing innovative solutions that upcycles plastic waste. Oils, waxes, and solvents are converted from plastic waste using this efficient, patented technology, which can then be used in place of their fossil fuel counterparts. The combination of Clariter's commercial appeal and its eco-friendliness is unbeatable. By creating green jobs and bolstering local communities, the company aids its partners in achieving sustainability goals and decreasing their reliance on crude oil.