Braskem | February 24, 2022
Braskem S.A. the largest polyolefins producer in the Americas, as well as a market leader and pioneer producer of biopolymers on an industrial scale, announced the expansion of its circular polymer portfolio to include two new polypropylene (PP) grades with post-consumer recycled (PCR) content.
Braskem's new PCR polypropylene grades can be used in a wide range of U.S. Food and Drug Administration (FDA) food contact applications where PP is used today, including consumer packaging, caps and closures, housewares, and a wide range of thermoforming applications.
"Today's announcement is another milestone in Braskem's journey to a carbon neutral circular economy, and reinforces our commitment to polypropylene as the PP leader in North America. Not only will Braskem's new PCR polypropylene grades help our clients meet their commitments for recycled content in FDA food-contact markets, where PCR solutions are limited today, these developments will also keep us on track to reach our goals of providing 300,000 tons of thermoplastic resins and chemicals with recycled content by 2025 and one million tons of thermoplastic resins and chemicals with recycled content by 2030."
Geoffrey Inch, Braskem North America Sustainability Director
To support the sustainable use of polypropylene through the development and investment in the circular economy, Braskem America is a founding member and funding partner of the Polypropylene Recycling Coalition, with a primary focus on increasing U.S. polypropylene recovery and reuse.
Braskem is strongly committed to a Carbon Neutral Circular Economy where nothing is wasted, and everything is transformed. To support this vision for the future Braskem has clearly stated targets for growing the company's recycled content product portfolio to sales of 300,000 tons by 2025 and 1 million tons by 2030. Braskem's transition to a circular economy is deeply rooted in mechanical and advanced recycling solutions. By engaging and investing in partnership with other members of the value chain the company is strengthening mechanical and advanced recycling, overcoming barriers, and ensuring the increased production of high-quality recycled material. All these initiatives are aligned with Braskem's feedstock diversification strategy and its macro goals of expanding the circular economy concept in the plastic chain and becoming a carbon-neutral company by 2050.
With a global vision of the future oriented towards people and sustainability, Braskem is committed to contributing to the value chain for strengthening the circular economy. The petrochemical company's almost 8,000 team members dedicate themselves every day to improve people's lives through sustainable chemicals and plastics solutions. Braskem has an innovative DNA and a comprehensive portfolio of plastic resins and chemical products for diverse segments, such as food packaging, construction, manufacturing, automotive, agribusiness, healthcare, and hygiene, among others. With 41 industrial units in Brazil, the United States, Mexico, and Germany, Braskem exports its products to clients in more than 80 countries.
Imperial Dade | May 19, 2022
Imperial Dade, a leading distributor of food service packaging and janitorial supplies, announced the acquisition of North Alabama Chemical. The transaction represents the 50th acquisition for Imperial Dade under the leadership of Robert and Jason Tillis, Chairman and CEO of Imperial Dade, respectively. Financial terms of the private transaction were not disclosed.
Headquartered in Decatur, AL with two additional locations in Florence, AL and Huntsville, AL, NAC is a full-service provider of janitorial supplies, services and solutions owned and operated by Peter Farrell. The Company has built a strong reputation for its knowledgeable sales force, wide breadth of products, and high touch customer service. Now in partnership with Imperial Dade’s market leading platform, NAC’s customers can expect the same exceptional customized service coupled with an even greater offering of products and solutions.
"NAC is a leading distributor in northern Alabama and has an excellent commitment to its customers, which makes it a great addition to the Imperial Dade platform," said Robert Tillis. “I am excited to partner with Peter and the NAC team to further grow our presence in northern Alabama in this next chapter of growth. This acquisition reinforces our focus to strengthen our presence in key growth markets to ensure our customers receive the highest quality service," said Jason Tillis.
"Imperial Dade is a market leader with a strong culture and differentiated service quality, and we are excited to join their family. Under the leadership of Bob and Jason, we believe this partnership will strengthen our customer and supplier relationships,"
Peter Farrell, Owner of North Alabama Chemical
About Imperial Dade
Founded in 1935, Imperial Dade serves more than 90,000 customers across North America. Since Chairman Robert Tillis and CEO Jason Tillis assumed their roles in 2007, the company has grown both organically and through acquisitions to become a leader in the food service packaging and janitorial supplies industry.
ECOTEC | February 04, 2022
Ecotec International Holdings, LLC (“ECOTEC”), a global leader in methane emissions monitoring, is pleased to announce a strategic investment by funds managed by Intrepid Investment Management, LLC, the investing arm of Intrepid Financial Partners, L.L.C. Intrepid is a leading energy-focused merchant bank with over 50 employees, and expertise in upstream, midstream, downstream, oilfield services and energy transition. ECOTEC provides a comprehensive suite of patented, cutting-edge instrumentation and software solutions to companies, organizations, and municipalities around the world, helping them manage and remediate their environmental footprint by accurately identifying and quantifying their greenhouse gas emissions.
ECOTEC has an over thirty-year history of the design, development and implementation of instrumentation and software for emissions detection and compliance within the natural gas, biogas, carbon credits and air quality industries, with recent expansion into the oil and gas industry.
The company will use the proceeds to accelerate the production and roll-out of its patented instrumentation and emissions data collection software to fulfill strong customer demand in the biogas and oil and gas industries.
“We believe this is a unique opportunity to partner with thought leaders in the oil and gas and energy transition industries, particularly as we continue to grow our oil and gas business. The Intrepid team brings over 200 years of collective experience advising and investing in the energy and energy transition sectors through multiple cycles and against secular changes throughout their history – that experience and their industry relationships are central to our partnership and creating value for our customers and stakeholders.”
Tim Novick, CEO of ECOTEC
Skip McGee, Co-Founder and CEO of Intrepid, says, “We are incredibly excited to be partnering with ECOTEC as they continue to grow their business, and in particular, as they expand into oil and gas. ECOTEC has historically been a leader in emissions solutions to the biogas and utilities industry, and they are well- positioned to leverage their decades-long experience to provide expert solutions for the oil and gas industry. We have known members of the management team for almost two decades, and we look forward to working with them on the very important mission of building a path towards a lower-carbon world.”
ECOTEC specializes in the design and development of specialty equipment and software solutions for the natural gas, biogas, renewable natural gas, carbon credit and oil and gas markets through its ECOTEC, AQMESH, GAS DATA, and GAZOMAT brands. With offices around the globe, ECOTEC's comprehensive solutions have been deployed around the world to help companies, organizations and municipalities identify, quantify, and remediate their environmental footprint, particularly through reductions in methane emissions.
Intrepid is a merchant bank that provides investment banking and investing management services. Intrepid’s leading boutique investment banking business provides independent and best-in-class merger & acquisition, restructuring and capital markets services to the energy and energy transition industries, and has advised on ~$150 billion of transactions since 2015. Intrepid’s investment management business makes principal debt and equity investments through its managed funds. Current strategies include private equity, infrastructure and venture capital across energy and energy transition.
NEU | April 08, 2022
The American Concrete institute announced the launch of NEU: An ACI Center of Excellence for Carbon Neutral Concrete, at its Spring convention in Orlando, Florida, USA. NEU aims to collaborate globally to drive research, education, awareness, and adoption of carbon neutral materials and technologies in the industry.
Located at ACI Headquarters in Farmington Hills, Michigan, USA, NEU will focus on transforming the concrete industry into a proactive, unified group actively engaged in developing and employing both existing and new technologies to reduce the carbon footprint of the concrete industry. The ACI Board of Direction has approved funds for staffing and initial projects, including research to identify technologies that have the potential to significantly impact the carbon footprint of concrete. Additional core functions include technology acceleration, coordination with ACI committees, technology transfer and professional development, and technology assessment and validation.
NEU also announces Baker Concrete, Inc. as the center's Initial Member. Baker Concrete is the largest concrete contractor in the U.S. and specializes in pre-construction, construction, and project management services. They provide expertise in civil, commercial, industrial, institutional, multi-family residential, and mission-critical buildings, and have over 5,500 employees across the U.S., Canada, and the Caribbean.
"NEU envisions a concrete industry where all stakeholders have access to technologies and the knowledge needed to effectively and safely produce and place carbon neutral concrete and concrete products. Concrete plays a major role in a sustainable future and collaboration with members worldwide is critical to developing a comprehensive plan to help make the concrete industry carbon neutral by 2050".
Andrea Schokker, Executive Director, NEU
For more than a decade, the American Concrete Institute has been convening the industry's brightest authorities to advance sustainability in the concrete industry. With ACI's stature as a standards-developing institution and one of the world's largest sources of consensus-based information on all facets of concrete construction, NEU: ACI Center of Excellence for Carbon Neutral Concrete, is uniquely positioned to serve as a catalyst in incorporating ACI's breadth of knowledge into the further acceleration of carbon-neutral concrete in the built environment.
NEU: An ACI Center of Excellence for Carbon Neutral Concrete, was established in 2022 by the American Concrete Institute. The Center, based at ACI World Headquarters in Farmington Hills, Michigan, USA, collaborates globally to drive research, education, awareness, and adoption of the use of carbon neutral materials and technologies in the built environment, leveraging ACI's role as a world-leading authority and resource for the development, dissemination, and adoption of consensus-based standards for concrete design, construction, and materials. The Center's membership is open to government agencies, industries, technical societies, standard bodies, manufacturers, contractors, and professionals.