Agilyx and Maire Tecnimont Collaborate on Global Chemical Recycling Projects

Agilyx, Maire Tecnimont | March 16, 2021

Agilyx Corporation, a pioneer in the high level recycling of post-use plastics and Italy's NextChem, auxiliary of Maire Tecnimont Group, have gone into a consent to help the improvement of cutting edge chemical recycling offices all around the world. This arrangement consolidates Agilyx' s driving pyrolysis innovation with NextChem's aptitude, as an innovator in licensing, implementation, and engineering, procurement, and construction (EPC) services for plastics recycling solutions.

Under the agreement, NextChem will go about as an innovation and EPC accomplice for Agilyx. The point of this organization is to speed up the implementation of chemical recycling offices worldwide, using Agilyx progressed pyrolysis innovation in the transformation of blended waste plastic into round olefins and roundabout fills. With a longstanding mastery in the high level recycling of plastics, Agilyx's exclusive chemical recycling cycle can transform post-use plastics back into their unique chemical segments for proceeded with use, expanding the recuperation of plastics that can't be reused with conventional recycling measures.

The extent of the organization, in its first stage, is to build up a progression of chemical recycling projects for outsiders. The underlying spotlight will be on two previously distinguished activities, one in Europe and one in South America. Besides, the arrangement would address a chance for co-interests in explicit tasks to speed up the general commercial pipeline.

Said Pierroberto Folgiero, CEO of Maire Tecnimont Group and NextChem. “We are proud to include this new partnership with Agilyx into our portfolio and further develop our basket of technological solutions for the circular economy, that already include upcycling, waste-to-chemicals, waste-to-fuels, polymerization and now also thermochemical conversion (pyrolysis). We are strongly committed to finding solutions for plastics sustainability along its life-cycle and to enabling a new circular, low carbon economy.”

Spotlight

In this challenging environment, it is key for petrochemical and chemical producers to be efficient and to manage closely their production and logistics chains. We live in a world of product abundance as a result of the shale gas revolution, so the market will be taken by those who can be the most competitive. In this respect, the region needs to take advantage of its geological potential, with the pre-salt fields in Brazil and Argentina’s Vaca Muerta developments, as well as Mexico’s injection of funds to Pemex to help the state-oil company recover its past grandeur.


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CHEMICAL MANAGEMENT

Hunt Consolidated and Dallas Petroleum Club Announce 15-Year Lease Agreement; Petroleum Club to Move to Hunt Building in January 2023

Hunt Consolidated | December 18, 2021

Hunt Consolidated, Inc. and the Dallas Petroleum Club announced they have signed a 15-year lease agreement that will result in the Dallas Petroleum Club moving to Hunt's headquarters building at 1900 North Akard with occupancy to begin in January 2023. "The Petroleum Club is one of Dallas' oldest and most respected organizations and their commitment to the greater Dallas community is undeniable. We are extremely pleased that they have selected our headquarters building as their new home and look forward to welcoming them to one of the most dynamic areas of downtown Dallas." Ray Hunt, executive chairman of Hunt Consolidated and former president of the Dallas Petroleum Club "Arrangement for a new updated space became a paramount consideration as our growing club felt the need for further enhancements," said Jack Lafield, president of the Dallas Petroleum Club. "Hunt's headquarters building is in a prime location and the Club's new quarters will be housed in a space like no other. This is a new era for the Petroleum Club and a new outlook for a healthy, energetic club holding proudly to a distinguished past. Partnering with such a distinguished Dallas industry family made our decision to relocate much easier." Under the terms of the agreement, the Dallas Petroleum Club will occupy the top two floors of Hunt's building. The Petroleum Club will use the top floor as its main dining area and will provide private dining rooms on the floor below. Located at 1900 North Akard Street in downtown Dallas, Hunt's headquarters was built in 2007 and was the first large, privately owned, single-tenant building constructed in the Dallas Central Business District since the 1990s. The building is nestled in the heart of the Dallas Arts District and sits across the street from Klyde Warren Park. The building has been designated the outstanding corporate facility in the region by Building Owners and Managers Association International on five different occasions. The Dallas Petroleum Club will be the second new tenant for Hunt's headquarters building. In November 2021, JPMorgan Chase announced its agreement with Hunt to move Chase's downtown Dallas offices to the building and occupy floors two through five in the third quarter of 2022. Other planned changes to the building include a renovated lobby and a new motor court adjacent to Akard Street. In preparing this agreement, Dallas Petroleum Club was represented by Jeff and John Ellerman, and Hunt was represented by Peter Yates, Ryan McManigal, and Chris Selbo with OliveMill Holdings. About Hunt Consolidated Hunt Consolidated, Inc. is a diversified holding company directed by the Ray L. Hunt family, with its major subsidiaries engaged in oil and gas exploration and production, real estate development, refining, LNG, power, ranching, and private equity investments. About The Dallas Petroleum Club The Dallas Petroleum Club, founded in 1934, was the first of its kind in the world. It began a few short years after the discovery of the giant East Texas Oil Field and was formed by a group of visionary men who wanted a place where business and social life would come together. Beginning with less than 50 members, the Club has over 1300 members today. The Club is a living symbol of the events that reflect both the petroleum industry and the City of Dallas. The Club has been awarded the "Emerald Club and Distinguished Clubs" recognition from BOARDROOM magazine and the "Hallmark of Excellence" from Forbes Travel Guide. Additionally, the Club has achieved "Platinum Clubs of the World" status from Club Leaders Forum for 25 consecutive years, including 2022-2023.

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CHEMICAL MANAGEMENT

Agilent and University of Vermont Announce the Agilent Laboratory for Chemical Analysis (ALCA)

Agilent Technologies Inc. | February 25, 2022

Agilent Technologies Inc. and the University of Vermont announced the establishment of the Agilent Laboratory for Chemical Analysis (ALCA). The facility will be a hub for advanced instrumentation that will allow students, institutional colleagues, industrial partners, and regional high-tech start-ups to study the composition and structure of chemical samples. It is intended as a shared educational and research space that will play a central role in the education and training of undergraduate and graduate students at UVM, while also serving as a valuable technology resource to local and regional businesses. “Agilent is extremely pleased to support UVM in the development of this innovative research facility,” said Mike McMullen, Agilent president and CEO. “It’s another example of Agilent’s commitment to advancing scientific understanding and at the same time supporting UVM and the local community.” "This new state-of-the-art instrumentation laboratory will fulfill a primary need in academia, where we have an obligation to ensure the next generation of scientists have the technical skills required to meet modern challenges," said Dr. Giuseppe Petrucci, professor of Chemistry at the University of Vermont. "Beyond that, the fact that this lab will also be available to faculty members for research projects, as well as to start-up companies in the area, offers tremendous opportunities to advance scientific discovery and validation." “This is an exciting venture. The ALCA facility will address all aspects of the analytical process, including problem identification, method development, instrument training, data analysis and sharing, and planning for future scientific advances." Darlene Solomon, senior vice president and chief technology officer for Agilent The fast pace of technological advancement can be challenging for universities and other educational and research facilities to stay current with the latest technology and training. The suite of Agilent instrumentation housed in the ALCA facility – backed by Agilent application expertise – will advance long-term technical and scientific goals in the state of Vermont and support economic and technological sustainability throughout the region. The University of Vermont is hopeful the ALCA facility will establish an "incubator" environment where users can develop and share ideas and tackle challenging analytical problems in a dynamic and scientifically driven environment. The laboratory will also serve as a regional hub for Agilent representatives to showcase and demonstrate instrumentation functions and capabilities. About University of Vermont Since 1791, the University of Vermont has worked to move humankind forward. UVM’s strengths align with the most pressing needs of our time: the health of our societies and the health of our environment. Our size—large enough to offer a breadth of ideas, resources, and opportunities, yet intimate enough to enable close faculty-student mentorship across all levels of study—allows us to pursue these interconnected issues through cross-disciplinary research and collaboration. Providing an unparalleled educational experience for our students, and ensuring their success, are at the core of what we do. As one of the nation’s first land grant universities, UVM advances Vermont and the broader society through the discovery and application of new knowledge. UVM is derived from the Latin Universitas Viridis Montis. About Agilent Technologies Agilent Technologies Inc. is a global leader in the life sciences, diagnostics, and applied chemical markets, delivering insight and innovation that advance the quality of life. Agilent’s full range of solutions includes instruments, software, services, and expertise that provide trusted answers to our customers' most challenging questions. The company generated revenue of $6.32 billion in fiscal 2021 and employs 17,000 people worldwide.

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CHEMICAL TECHNOLOGY

Chemours Announces Participation in Versogen’s Development of Clean Hydrogen Technology

Chemours Company | May 12, 2022

The Chemours Company a global chemistry company with leading market positions in Titanium Technologies, Thermal & Specialized Solutions, and Advanced Performance Materials, today announced its participation in a fundraising for Wilmington, Delaware-based Versogen Inc., a leader in developing anion exchange membrane technology for use in hydrogen production. Founded by University of Delaware professor Yushan Yan, Versogen’s AEM technology offers a reliable and affordable way to produce green hydrogen at scale. Green hydrogen is the most promising alternative fuel to reduce greenhouse gas emissions in transportation and other industries that primarily rely on fossil fuels. When produced through water electrolysis and powered by renewable energy, large amounts of green hydrogen can be made while generating zero emissions. This process is essential to the clean energy transition and meeting global decarbonization goals. “Chemours is passionate about the potential of the hydrogen economy and our role in it, and we're constantly looking for opportunities to accelerate innovation and new technologies for clean energy. We’re excited to participate in Versogen to help power their continued scale-up and to have the opportunity to collaborate with a start-up in our backyard to understand better the synergies between AEM technology and our Nafion™ ion exchange membranes in green hydrogen production.” Denise Dignam, President, Advanced Performance Materials for Chemours As part of Chemours’ commitment to innovative and responsible chemistry that enables the sustainable products of the future, we are collaborating across the value chain to deliver advanced solutions that solve some of our customers’ and partners’ biggest challenges. As part of those efforts, Chemours is also a steering member of the Hydrogen Council and joined Hydrogen Europe and the European Clean Hydrogen Alliance to help realize the potential of hydrogen’s role in the global energy transition. About The Chemours Company The Chemours Company is a global leader in Titanium Technologies, Thermal & Specialized Solutions, and Advanced Performance Materials providing its customers with solutions in a wide range of industries with market-defining products, application expertise and chemistry-based innovations. We deliver customized solutions with a wide range of industrial and specialty chemicals products for markets, including coatings, plastics, refrigeration and air conditioning, transportation, semiconductor and consumer electronics, general industrial, and oil and gas. Our flagship products include prominent brands such as Ti-Pure™, Opteon™, Freon™, Teflon™, Viton™, Nafion™, and Krytox™. The company has approximately 6,400 employees and 29 manufacturing sites serving approximately 3,200 customers in approximately 120 countries. Chemours is headquartered in Wilmington, Delaware and is listed on the NYSE under the symbol CC.

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CHEMICAL MANAGEMENT

Atlantic Petroleum Changes in Major Shareholders Holdings

Atlantic Petroleum P/F | March 10, 2022

P/F Atlantic Petroleum announces that the Betri Group has reduced the holdings to below 5% capital. Today March 9, 2022, Betri Banki P/F has sold a total of 26,004 shares in Atlantic Petroleum P/F. Thereby reducing the Betri Group holdings of shares in Atlantic Petroleum to 180.626 shares corresponding to 4.88%. Atlantic Petroleum in brief Atlantic Petroleum participates in oil and gas joint ventures with reputable, international partners. Atlantic Petroleum P/F is based in Tórshavn, Faroe Islands, and the Company has subsidiaries and offices in the UK and Ireland. Atlantic Petroleum’s shares are listed on NASDAQ OMX Copenhagen.

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Spotlight

In this challenging environment, it is key for petrochemical and chemical producers to be efficient and to manage closely their production and logistics chains. We live in a world of product abundance as a result of the shale gas revolution, so the market will be taken by those who can be the most competitive. In this respect, the region needs to take advantage of its geological potential, with the pre-salt fields in Brazil and Argentina’s Vaca Muerta developments, as well as Mexico’s injection of funds to Pemex to help the state-oil company recover its past grandeur.

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