CHEMICAL TECHNOLOGY

AMP Robotics and Waste Connections Reach Recycling Technology Milestone

AMP Robotics and Waste Connections | June 29, 2022

AMP Robotics
AMP Robotics Corp. a pioneer in AI, robotics, and infrastructure for the waste and recycling industry, has expanded its partnership with Waste Connections, Inc. its largest customer. Since late 2020, Waste Connections has booked or deployed 50 of AMP’s high-speed robotics systems on plastic, fiber, and residue lines, becoming the largest operator of AI-guided robotics in the industry.

It’s gratifying to reach this milestone with a leader in resource recovery like Waste Connections. We’ve worked tirelessly to deliver AI and robotics systems that modernize today’s recycling operations by increasing productivity, stabilizing costs, and improving the quality and value of recycled commodities. We remain committed to the continuous enhancement of our AI and automation solutions to stay ahead of industry challenges, exceed customer expectations, and support the industry’s sustainability and climate goals.”

Matanya Horowitz, founder and CEO of AMP Robotics

AMP’s technology identifies and recovers plastics, cardboard, paper, cans, cartons, and many other containers and packaging types reclaimed for raw material processing. For example, AMP recovers a portfolio of #1-#7 plastics in a variety of different form factors, colors, and opacities with high precision and purity. Polyethylene terephthalate (PET) and high-density polyethylene (HDPE) together account for a majority of recycled plastic demand, with growing interest in polypropylene (PP)—a highly recyclable polymer with high demand in food-safe applications and flexibility to accommodate packaging in a variety of shapes and sizes. The ability to precisely separate different plastics and other recyclables with AI-driven sorting is helping recyclers meet the soaring need for sufficient quantities of high-quality recycled content from brands and packaging producers.

“We’re excited to expand our relationship with AMP,” said Dan Kurtz, director of recycling for Waste Connections. “We’re impressed by the reliability of the robotics systems and the quality of the end product. We look forward to our continued partnership with AMP as we advance our sustainability initiatives.”

About AMP Robotics® Corp.
AMP Robotics is modernizing the world’s recycling infrastructure by applying AI and automation to increase recycling rates and economically recover recyclables reclaimed as raw materials for the global supply chain. The AMP Cortex™ high-speed robotics system automates the identification and sorting of recyclables from mixed material streams. The AMP Neuron™ AI platform continuously trains itself by recognizing different colors, textures, shapes, sizes, patterns, and even brand labels to identify materials and their recyclability. Neuron then guides robots to pick and place the material to be recycled. Designed to run 24/7, all of this happens at superhuman speed with extremely high accuracy. AMP Clarity™ provides data and material characterization on what recyclables are captured and missed, helping recycling businesses and producers maximize recovery. With deployments across North America, Asia, and Europe, AMP’s technology recovers recyclables from municipal collection, precious commodities from electronic scrap, high-value materials from construction and demolition debris, and valuable feedstocks from organic material.

About Waste Connections
Waste Connections is an integrated solid waste services company that provides non-hazardous waste collection, transfer and disposal services, along with resource recovery primarily through recycling and renewable fuels generation. Waste Connections serves more than eight million residential, commercial, and industrial customers in mostly exclusive and secondary markets across 44 states in the U.S. and six provinces in Canada. Waste Connections also provides non-hazardous oilfield waste treatment, recovery, and disposal services in several basins across the U.S., as well as intermodal services for the movement of cargo and solid waste containers in the Pacific Northwest.

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CHEMICAL MANAGEMENT

Callon Petroleum Company Announces Launch of $600 Million Senior Unsecured Notes Offering

Callon Petroleum Company | June 13, 2022

Callon Petroleum Company announced that, subject to market and other conditions, it intends to offer $600 million aggregate principal amount of senior unsecured notes due 2030 in a private offering that is exempt from registration under the Securities Act of 1933, as amended. The net proceeds from the offering, together with borrowings under the senior secured revolving credit facility, are expected to be used to redeem all $460.2 million of the Company's existing 6.125% Senior Notes due 2024 and all $319.7 million of the Company's existing 9.00% Second Lien Senior Secured Notes due 2025. The redemption price of the 2024 Notes is equal to 101.531% of the aggregate principal amount outstanding, plus accrued and unpaid interest to the applicable redemption date. The redemption price of the Second Lien Notes is equal to 100.000% of the aggregate principal amount outstanding, plus an applicable make-whole premium plus accrued and unpaid interest to the applicable redemption date. This announcement is not an offer to purchase or a solicitation of an offer to sell the 2024 Notes or the Second Lien Notes, and it does not constitute a notice of redemption of the 2024 Notes or the Second Lien Notes. The notes and the related guarantees to be offered have not been registered under the Securities Act or any state securities laws and unless so registered, the notes and the related guarantees may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. The notes and the related guarantees are being offered only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act and outside the United States pursuant to Regulation S under the Securities Act. This press release is being issued pursuant to Rule 135(c) under the Securities Act, and is neither an offer to sell nor a solicitation of an offer to buy the notes or any other securities and shall not constitute an offer to sell or a solicitation of an offer to buy, or a sale of, the notes and the related guarantees or any other securities in any jurisdiction in which such offer, solicitation or sale is unlawful. About Callon Petroleum Company Callon Petroleum Company is an independent oil and natural gas company focused on the acquisition, exploration and development of high-quality assets in the leading oil plays of South and West Texas.

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CHEMICAL MANAGEMENT

TOMRA calls for closing the loop on plastics and beyond

TOMRA | June 01, 2022

TOMRA continues to play a key role in closing the loop on PET beverage containers but recognizes that there is more to be done. Now political framework, bold decisions and smart investments in collecting, sorting and recycling should be used to improve circularity across all material streams and to overcome today's supply chain bottlenecks. "We have an obligation to work with all stakeholders to reduce the mountains of waste and transform them into the valuable resources they are", TOMRA's CEO and President Tove Andersen stated at TOMRA's press conference held at IFAT. Although there has been considerable progress in recycling, the pandemic and the ongoing war in Europe have shown us that there is an urgency to decrease dependency on primary materials. "Today, we invest approximately 10% of our revenues in future-oriented activities to increase resource efficiency, advancing the market for circular solutions, which we are well-positioned to do. We have the technology capable of maximizing collection and recovery rates. We can act now, optimize waste management practices and fill existing gaps", concludes Andersen. Having established benchmarks for climate policy worldwide, the European Green Deal, coupled with binding regulations and guidelines for producers and manufacturers, drive the acceleration to a circular economy. TOMRA urges all participants in the value chain to see these specifications as an opportunity and to support their implementation. "We have learned that mandatory legislation is necessary in order to achieve goals and create markets," Dr. Volker Rehrmann, EVP, Head of Recycling/Mining & Circular Economy, explains. "However, before we can recycle larger volumes we need to collect as much as possible. There are well-functioning collection systems in place, but it is still not enough. Every day we lose valuable resources to landfill and incineration where they are buried and burned. This is low-hanging fruit and the material must be collected, recovered and recycled." Maximizing material circularity is not restricted to plastics. There are more material streams to close the loop on, such as metals and wood. "We must pay equal attention to these recyclables to support reaching the EU's climate neutrality goals set for 2050", said Tom Eng, SVP Head of Recycling. For example, the demand for aluminum is expected to grow by 40% by 2050, a challenge for aluminum producers with limited production capacities in Europe. The good news is that recycled aluminum plays a critical role on the way to a decarbonized world and supports producers' quest to increase recycled content and their environmental commitments. A similar scenario can be observed in the wood sector. Particleboard manufacturers are looking for a cost-effective and environmentally friendly way to source materials of which availability is currently limited and that with sky-rocketing prices. Using recycled materials in the production of wood-based or metal-based materials help producers to overcome these challenges while reducing greenhouse gas emissions, and resource depletion. "If we leverage the power of intelligent technologies and closely work with the industry, we can turn waste into value and reduce the dependency on primary materials. Recycling is a key climate mitigator and energy-efficient route to go when supporting a sustainable transition, keeping materials in continuous use. Whatever it takes to close the loop, we will get there", finished Eng. About TOMRA TOMRA Recycling designs and manufactures sensor-based sorting technologies for the global recycling and waste management industry to transform resource recovery and create value in waste. The company was the first to develop advanced waste and metals sorting applications use high capacity near infrared (NIR) technology to extract the most value from resources. To date, more than 8,200 systems have been installed in 100 countries worldwide. TOMRA Recycling is a division of TOMRA Group. TOMRA was founded in 1972 and follows the vision to lead the resource revolution to transform how the planet's resources are obtained, used and reused to enable a world without waste. The company's other business divisions comprise TOMRA Food, TOMRA Mining and TOMRA Collection.

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CHEMICAL MANAGEMENT

FMC Corporation significantly expands biologicals platform with agreement to acquire BioPhero

FMC Corporation | June 30, 2022

FMC Corporation an agricultural sciences company, announced a definitive agreement to acquire BioPhero ApS, a Denmark-based pheromone research and production company. The acquisition adds biologically produced state-of-the-art pheromone insect control technology to FMC's product portfolio and R&D pipeline, underscoring FMC's role as a leader in delivering innovative and sustainable crop protection solutions. BioPhero has pioneered a highly efficient yeast fermentation process for manufacturing pheromones at significantly lower costs and with fewer production steps compared to competitors' traditional chemical synthesis methods. Lower costs expand the pheromone addressable market from today's focus on specialty fruit and vegetables to now include the large row crop market. FMC expects pheromones and pheromone-based products to contribute approximately $1 billion in revenue at above company-average EBITDA margin by 2030. "This acquisition demonstrates our continuing commitment to invest in biologicals and adjacent technologies, expanding our world-class portfolio while advancing sustainable agriculture," said Mark Douglas, FMC president and chief executive officer. "BioPhero is a pioneer in the production of pheromones through a unique, highly efficient bioprocessing method—a game-changer in pheromone manufacturing technology. FMC's broad market access, leadership position in the high-value insecticide market, formulation know-how and application expertise provide significant opportunities to bring sustainably advantaged pheromone technology to more agricultural markets around the world. We look forward to adding an extensive pheromone platform to our biologicals business and welcoming the BioPhero team to FMC." "BioPhero is excited by the opportunity to accelerate our development and the road to market with the objective to make pheromones widely available. Given FMC's leadership position in the development of biological plant health products, manufacturing and formulation expertise, and existing operations in Denmark, we believe FMC is an excellent company to take this business forward. FMC's global market access and significant investments in R&D will accelerate our ability to bring highly advanced pheromone insect control technology to growers around the world." Dr. Irina Borodina, co-founder and chief scientific officer of BioPhero Pheromones can be used in an integrated pest management program to control the buildup of insect populations in farmers' fields by disrupting the insect mating process, reducing overall egg-laying by adults and decreasing the next generation of the target insect population. Pheromones do not have an impact on the environment, promote biodiversity and do not harm beneficial insects, such as pollinators, since they precisely target specific pests. "FMC directs 100 percent of its R&D investments to discover and develop more sustainable products," said Dr. Kathleen Shelton, FMC executive vice president and chief technology officer. "We're excited to add BioPhero's innovative pheromone molecules to our new product pipeline, and we expect to launch five new pheromone products over the next three to five years. The opportunities for advanced biomanufacturing technology extend well beyond insect control. Working together, we can significantly expand the use of fermentation technologies across a wider set of crops targeting a variety of pests, including fungi and weeds." Novo Holding A/S, a world-leading science investor focused on creating long-term value, has supported BioPhero for six years. "Novo Holdings believes that biotechnology is a key component in the transition towards a more sustainable society," said Søren Møller, managing partner at Novo Holdings. "The technology developed by BioPhero is an excellent example of using nature's own pheromones to combat pests in a safe and yet efficient way. Novo Holdings has invested in BioPhero since inception and has renewed its commitment to the company in each financing round. We are very satisfied to see the rapid development of the company, and this sale demonstrates that FMC shares our vision of introducing new sustainable solutions in agriculture." The purchase price of approximately $200 million will be paid at closing. Following regulatory approvals and satisfaction of customary closing conditions, the acquisition of BioPhero is expected to be completed by the end of the third quarter 2022.

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CHEMICAL MANAGEMENT

United Weld Holdings Completes Alignment of Operations Following Acquisition of BendTec

United Weld Holdings | June 15, 2022

United Weld Holdings whose portfolio of companies focuses primarily on providing industrial pipe fabrication and pipe and fitting distribution to industrial and commercial markets, is pleased to announce the completion of the alignment of its operations following its acquisition of BendTec in Duluth, Minnesota. BendTec has a longstanding reputation for high-quality, technically sound steel pipe bending and fabrication across multiple industries, including the power, structural and architectural, mining, industrial, chemical, and nuclear industries. The company has received worldwide recognition for its expertise, dependability, and innovation. It is the leading provider of critical power piping systems, with specific focus on heavy-wall, large-diameter pipe fabrication and bending for the power generation industry. In addition, BendTec is a proud partner of the Local 11 of the United Association of Journeymen and Apprentices of the Plumbing and Pipe Fitting Industry of the United States and Canada. "Since we were purchased by United Weld Holdings, we have been forging a path forward with newfound direction. BendTec remains a united company, utilizing a strong union workforce provided by the Local 11 with whom we have a longstanding relationship. Now more than any other time over the past 20 years, we are looking to grow our business and strengthen our relationship, which will benefit the members of the Local 11 and all of our employees." Clint Zimpel, appointed President of BendTec following the transaction UWH's portfolio also includes Epic Piping, Epic Distribution, Emirates Prefabrication, and Epic Piping Supports. The alignment enables the companies to leverage UWH's corporate shared services functions and operate independently, giving each greater ability to expand their unique service offerings and grow their businesses based on their individual capabilities.

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Spotlight

Process instrumentation for chemical industries - http://siemens.com/level - Siemens offers a complete portfolio to choose from: A range of pressure, temperature and valve positioners monitor and control steam and other utilities for example. New innovative flowmeters measure the addition of conductive or non-conductive media and accurately measures the flow and density of additives.

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