Agilyx AS Announces Intention to List on Merkur Market

Agilyx | September 15, 2020

Agilyx, a leader in advanced recycling of post-use plastics back into plastics and low carbon fuels, on 11 September announced its intention to raise new equity through listing shares on the Merkur Market, part of the Oslo Stock Exchange. The additional equity will be used to drive commercialization of projects, strengthen Agilyx's technology platform, and accelerate growth in Europe and Asia. Over the last 16 years Agilyx has, through extensive research and commercial operations, developed leading industry technology and know-how to make plastic a true circular resource.

Spotlight

Chlorine chemistry is an important component in the development and manufacture of materials that make vehicles lighter—thereby increasing gasoline mileage.  Unlike most other plastics, which are manufactured wholly from fossil fuels, cost-effective polyvinyl chloride (PVC) is comprised of 57 percent chlorine. Chlorine is needed to recycle aluminum beverage cans. Chlorine helps remove impurities in melted aluminum during the recycling process.


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CHEMICAL MANAGEMENT

Groupe Berkem and Soprema Collaborate to Design Unprecedented Insulating Panels for the Market

Berkem | June 17, 2022

A specialist in integrating plant-based chemistry into everyday life — and the SOPREMA Group have made their collaboration official. This collaboration is aimed at marketing PAVATEX wood fibre insulating panels that incorporate a unique bio-based anti-fungal solution developed and formulated by Groupe Berkem. The solution's benefits include improved performance and resistance of insulation panels to microorganisms and increased durability. This is another illustration of Groupe Berkem's commitment to supporting the ecological transition of the construction industry. As part of its R&D programme to increase the proportion of bio-based materials in its products, SOPREMA approached Groupe Berkem in order to integrate a low environmental impact bio-based treatment that resists microorganism growth into its complete range of PAVATEX wood fibre-based thermal insulation products for buildings. Groupe Berkem has thus developed a unique fungicidal formula, incorporating a plant-based preservation process. This patented solution contains a polyphenolic extract used in a bio-based formulation, which enables SOPREMA to offer wood fibre panels that are more tolerant of both processing and durability conditions. This new range of insulating materials, which has been in testing for almost three years, will be available on the market by the first quarter of 2023. SOPREMA will propose the range to all building insulation professionals. “The development of a unique solution that meets the needs of the market is the result of the collaboration between our two Groups and the pooling of our technical expertise. For Groupe Berkem, this collaboration agreement is part of our continuous commitment to supporting the transition of chemical substances to eco-responsible and bio-based solutions. Thus, the Group is reaffirming its position as a leader in plant-based chemistry serving manufacturers” Olivier Fahy, Chairman and CEO of Groupe Berkem “The SOPREMA Group provides high-performance, innovative and responsible solutions that meet the challenges of today's and tomorrow's buildings. The collaboration with Groupe Berkem is part of our global R&D strategy to increase the proportion of bio-based materials in our products. This partnership guarantees the optimal technical performance of our PAVATEX wood fibre panels and consolidates our position as a responsible player, particularly by introducing the 1st low impact solution to the market” added Pierre-Etienne BINDSCHEDLER, President of SOPREMA. ABOUT GROUPE BERKEM Founded in 1993, Groupe Berkem is an industrial chemical group organised into 4 business units and 4 subsidiaries: Plant Extraction (led by BERKEM SAS), Freeze-drying (EUROLYO), Formulation (ADKALIS) and Resin Synthesis (led by LIXOL). Groupe Berkem is a leading player in plant-based chemistry, with a mission to fast-track the ecological transition of players in the everyday chemical industry (cosmetics, food, construction, public hygiene, etc.) The Group employs nearly 165 people at its headquarters (Blanquefort, Gironde), and has 3 industrial sites located in Gardonne (Dordogne), La Teste-de-Buch (Gironde) and Chartres (Eure-et-Loir). Groupe Berkem has been listed on Euronext Growth Paris since December 2021. ABOUT SOPREMA SOPREMA is an independent family-owned group that dates back to 1908, and it is one of the world's leading companies in the field of protection, energy efficiency and building management. As a responsible and pioneering manufacturer, the Group is now a key player in this sector. SOPREMA offers high-performance, high-tech solutions that meet all the challenges of new residential and non-residential construction and renovation. SOPREMA systems are developed in keeping with eco-design, and now offer exceptional performance in terms of quality and longevity. SOPREMA's vision: taking action to enhance the built heritage and comfort of users while reducing their impact on the environment.

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CHEMICAL TECHNOLOGY,CHEMICAL MANAGEMENT

Redwood Logistics Partners with Cloverly to Enhance Carbon Emissions Management for Customers

Redwood Logistics | July 08, 2022

Redwood Logistics one of the fastest-growing supply chain and logistics companies in North America and innovators of the LPaaS, Logistics Platform as a Service model, today announced a partnership with Cloverly, an API-first Sustainability-as-a-Service solution that provides access to high-quality carbon credits to offset the impact of emissions from the transportation and logistics industry. The partnership with Cloverly supports the Redwood Hyperion sustainability solution, announced in June to help customers gain load-by-load visibility into their freight emissions. It enables carbon-neutral shipping initiatives by bringing together flexible access to data powered by the logistics integration platform RedwoodConnect™ and instant access to action through verified carbon credits via Cloverly. “The confluence between Redwood’s supply chain and Cloverly’s sustainability expertise was invaluable to us as we developed Redwood Hyperion as a high-quality carbon visibility and offset program,” said Michael Reed, Chief Product Officer at Redwood. “Shippers can’t act on what they can’t measure, and the Redwood Hyperion solution powered by Cloverly’s Sustainability-as-a-Service model allows our customers to reliably measure their freight emissions and offset them with carbon credits all in a single platform.” A carbon credit is a transferable instrument certified by governments and independent certification bodies that represents an emission reduction of one metric ton of CO2 or an equivalent amount of other Greenhouse Gases. Through Redwood Hyperion, powered by Cloverly’s marketplace, carbon emissions can be matched with a wide range of carbon credits, including blue carbon, forestry, biochar or, as close as possible, to the initial carbon-producing activity – whatever the main sustainability objective is for the shipper. “Climate action matters to customers, businesses and the planet we share, and we’re thrilled to partner with Redwood to pair emission visibility and reduction – reliably and programmatically. Cloverly supports every carbon-related goal with carbon credits that have co-benefits ranging from protecting biodiversity to improving education and health. Each credit is independently verified and vetted for maximum confidence in its impact.” Jason Rubottom, Chief Executive Officer of Cloverly Redwood Hyperion is the leading product of Redwood’s sustainability suite, Redwood’s initiative to support customers in minimizing their carbon footprint to create a greener and more resilient supply chain. “Redwood is focused on taking steps to achieve customers’ sustainability goals; all while improving efficiency and minimizing costs,“ added Reed. “The full suite of services is designed to help customers implement green initiatives by providing visibility first, followed by a balanced approach of reduction techniques and strategies with a combination of carbon offsets.” About Redwood Logistics Redwood Logistics, a leading logistics platform company, headquartered in Chicago, has provided solutions for moving and managing freight for more than 20 years. The company’s diverse portfolio includes digital freight brokerage, flexible freight management and logistics consulting, all wrapped into a revolutionary logistics and technology delivery model—Logistics Platform as a Service (LPaaS). LPaaS utilizes an open platform for digital logistics that empowers shippers to seamlessly mix-and-match partners, technologies and solutions into their own unique digital supply chain fingerprint. Redwood connects a wide range of customers to the power of supply chain management, technology and the industry’s brightest minds. About Cloverly Cloverly is a technology-based carbon credit marketplace in the Voluntary Carbon Market. Its API enables businesses to programmatically utilize carbon removal credits for their unavoidable emissions and customer-facing solutions. Digital products that use Cloverly help build customer awareness while contributing to climate change mitigation.

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CHEMICAL MANAGEMENT

RELEX Solutions Becomes Carbon Neutral

RELEX Solutions | June 10, 2022

RELEX Solutions, provider of AI-driven supply chain and retail planning solutions, announced today that they have retroactively achieved carbon neutrality for 2021 and begun compensating annually for their emissions. RELEX partnered with offsetting provider Compensate to calculate and offset their carbon footprint. In practice, this means the company successfully removed or avoided 2,544 tonnes of CO2 emissions. RELEX reached the milestone through investments in two initiatives: afforestation in Qianbei, China, where 47,061 hectares of barren land are being converted into a forest, and the Luangwa Community Forests Project in Zambia, which improves local communities and protects 1 million hectares of wilderness areas. RELEX and Compensate calculated the solution provider’s carbon footprint across scopes 1, 2 and 3, addressing both direct and indirect emissions. The approach allowed RELEX to gain a holistic view of their carbon output, helping the company to innovate, execute, and track new ways to reduce emissions from all three scopes. “Solving the carbon emissions challenge first requires understanding its scope, so our priority was to gain visibility into how our operations impacted the environment, then counteract those impacts successfully. Reducing and offsetting carbon emissions is everyone’s responsibility – whether you’re a manufacturer, distributor, retailer, or solution provider, it’s important to scrutinize your footprint and take meaningful steps to address it.” Svante Göthe, Head of Sustainability at RELEX These global carbon offset projects are in addition to strategies RELEX has already put in place to reduce their emissions. Flexible work-from-home policies, reducing non-essential business travel, successful remote implementations, and maximizing renewable energy coverage in RELEX’s cloud computing are a few examples of current initiatives that will continue to evolve. “At RELEX, we pride ourselves on how our technology helps retailers, wholesalers, and consumer packaged goods companies become more sustainable, helping customers cut food waste by up to 40%. That’s why it’s even more important that we practice what we preach, both in the long term through emissions reduction, and the short term through emissions offsetting,” says Mikko Kärkkäinen, Co-Founder and Group CEO at RELEX. “We’re proud to support programs such as the Qianbei and Luangwa projects that will have tangible, positive impacts on their regions for years to come.” About RELEX Solutions RELEX Solutions helps retailers and consumer brands drive profitable growth across all sales and distribution channels by maximizing customer satisfaction and minimizing operative costs. Our market-leading, unified supply chain and retail planning platform helps retailers and consumer goods companies align and optimize demand, merchandising, supply chain, and operations planning across the end-to-end value chain. We drive record-high product availability, increased sales, improved sustainability, and the best return on investment in inventory, space, workforce, and capacity. Leading brands like Dollar Tree and Family Dollar, Stokke, Rite Aid, Sprouts Farmers Market, AutoZone, and PetSmart trust RELEX to optimize their supply chain and retail planning. About Compensate Compensate combats climate change by offering everyone easy access to carbon capture. To achieve this mission, Compensate combines a market-disrupting sustainability approach with scalable software solutions.

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CHEMICAL MANAGEMENT

ReMo Energy Raises $5.25M to Demonstrate Distributed Renewable Materials Production

ReMo Energy | July 15, 2022

ReMo Energy, an innovator and manufacturer of industrial materials through the use of renewable energy in lieu of fossil fuels, today announced that it has raised an additional $5.25M Seed round led by early growth fund AiiM Partners, with participation from Breakthrough Energy Ventures, Darco Capital and other strategic angel investors. ReMo Energy is accelerating the decarbonization of industrial materials, including ammonia, fuels, and polymers - altogether a trillion-dollar market responsible for 14 gigatons of greenhouse gasses annually. ReMo uses predictive modeling and a novel approach for the construction of plants to overcome the challenges of using distributed intermittent renewable energy sources. The company’s facilities are lower capex and standardized, enabling ReMo to build and scale faster while also producing and distributing its products at lower cost. The company’s initial target market is ammonia, one of the most critical inputs to global agriculture and food production, and currently supply-constrained by macroeconomic events such as the war in Ukraine. While ReMo will initially focus on green ammonia for clean fertilizer applications in the corn belt of the U.S., future markets will include shipping fuel and hydrogen storage. ReMo Energy will use the funding proceeds to scale commercial operations throughout the US Midwest and meet demand from its growing base of customers. “We always seek opportunities to mitigate climate change, but our approach does more than that. ReMo both enables decarbonization and makes the agricultural supply chains more resilient - all without adding cost for the farmer.” Scott Rackey, CEO and Co-founder of ReMo Energy Shally Shanker, Founder and Managing Partner of AiiM Partners, will be joining the Board of Directors. “ReMo’s technology and innovative approach can scale production of renewable materials in two years, versus what typically takes ten years for competitors, while also being cheaper than fossil-fuel based products,” Shally said. “Their solution will accelerate the transition of hard-to-decarbonize sectors and help us avoid the worst of climate change.” Carmichael Roberts of Breakthrough Energy Ventures said, “ReMo is at the leading edge of developments in renewable materials. ReMo’s ammonia product can play a critical role in decarbonizing the agricultural industry while also ensuring growers get the low-cost nitrogen fertilizers they need. ReMo Energy’s technology benefits all stakeholders, including renewable energy developers and fertilizer purchasers.” About ReMo Energy ReMo Energy’s mission is to make today’s fossil-based chemicals from renewable energy. The company has deep expertise in renewable energy, chemical engineering, and project development. ReMo Energy has reimagined every step of chemical production processes to adapt them to the scale and intermittency of low cost solar and wind power projects. ReMo Energy’s products make it possible for the world to improve global quality of life while also massively reducing the emissions of greenhouse gasses and other pollutants. About AiiM Partners AiiM Partners invests in market-leading climate change solutions addressing a $17 trillion global opportunity-- with focus on the alternative materials, agriculture & food systems, energy transition and data & digitization sectors. Their diverse team has over a ten-year track record of investing in climate change companies and comprises investors, entrepreneurs, operators and industry experts with over 160 years of combined experience. AiiM focuses on identifying market leaders with commercial solutions that can generate measurable environmental impact and top tier financial performance within a decade. Their team takes a holistic approach towards addressing the climate problem, prioritizing solutions that not only reduce but also sequester greenhouse gasses. About Breakthrough Energy Ventures Founded by Bill Gates and backed by many of the world’s top business leaders, BEV has raised more than $2 billion in committed capital to support cutting-edge companies that are leading the world to net-zero emissions. BEV is a purpose-built investment firm that is seeking to invest, launch and scale global companies that will eliminate GHG emissions throughout the economy as soon as possible. BEV seeks true breakthroughs and is committed to supporting these entrepreneurs and companies by bringing to bear a unique combination of technical, operational, market and policy expertise.

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Spotlight

Chlorine chemistry is an important component in the development and manufacture of materials that make vehicles lighter—thereby increasing gasoline mileage.  Unlike most other plastics, which are manufactured wholly from fossil fuels, cost-effective polyvinyl chloride (PVC) is comprised of 57 percent chlorine. Chlorine is needed to recycle aluminum beverage cans. Chlorine helps remove impurities in melted aluminum during the recycling process.

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