Clariant | September 05, 2022
Clariant, a focused, sustainable, and innovative specialty chemical company announced that it has reached a definitive agreement for the divestment of its Quats business to Global Amines Company Pte. Ltd., a 50/50 joint venture owned by Clariant and Wilmar, Asia’s leading agricultural business and oleochemicals business globally.
This divestment is a further step in Clariant’s portfolio transformation to focus operations purely on specialty chemicals. Quats are quaternary ammonium compounds, a group of chemicals used for a variety of purposes including as preservatives, surfactants, and as antistatic agents. Quats are used in a wide range of commercial, industrial, and consumer products. The business maintains an excellent reputation as a leading supplier of quats with proprietary technology and a good service reputation.
The transfer will be an asset sale of the sites in Germany, Indonesia, and Brazil and will provide for tolling agreements where needed. The sales price, subject to standard closing conditions, is set at USD 113 million. The transaction is subject to regulatory approvals and customary closing conditions. The transaction is expected to be consummated in the first half of 2023.
Clariant is a focused, sustainable, and innovative specialty chemical company based in Muttenz, near Basel/Switzerland. On 31 December 2021, Clariant totaled a staff number of 11 537 and recorded sales of CHF 4.372 billion in the fiscal year for its continuing businesses. The company reports in three Business Areas: Care Chemicals, Catalysis, and Natural Resources. Clariant’s corporate strategy is led by the overarching purpose of ‘Greater chemistry – between people and planet,’ and reflects the importance of connecting customer focus, innovation, sustainability, and people.
Zenni | August 29, 2022
Online eyewear retail leader Zenni announced today the launch of ReMakes™, a new sustainable eyewear collection made with 100% certified recycled post-consumer plastic. ReMakes™ by Zenni are created by collecting post-consumer plastic and repurposing it to produce high quality, stylish frames. Every pair purchased supports the Wyland Foundation and its mission to promote, protect and preserve the world’s oceans, waterways and marine life.
“Plastic waste is entering the ocean at unprecedented levels, which comes with devastating impacts to marine life. At Zenni, we’re committed to reducing plastic waste entering our natural environment, and taking steps to be part of the solution. We’re proud to release ReMakes™, our first collection of sustainable glasses upcycled from common consumer goods. We’re also excited to begin our partnership with the incredible Wyland Foundation, and work closely with them to bring people together for clean water and a healthy ocean.”
Michelle Ticknor, head of social impact and lifestyle partnerships with Zenni
Approximately three plastic water bottles are recycled to create one ReMakes™ frame. The on-trend collection includes eight unique, lightweight frame styles named after seas around the world, including six adult styles and two kids styles. The collection is available with the full range of Zenni’s optical and sunglass lenses including its suite of Blokz™ blue light blocking lenses with prices starting at $39.95 for adults and $35.95 for kids.
Zenni is a proud member of 1% for the Planet, an international organization whose members contribute at least 1% of profits from specific collections or entire organizations to support environmental causes. One percent of ReMakes™ proceeds will directly support environmental nonprofit Wyland Foundation to help advance its mission to promote, protect and preserve the world’s oceans, waterways and marine life. Beyond the launch of ReMakes™, Zenni is partnering with Wyland Foundation to encourage environmental awareness through education programs, public arts projects and community events.
“We strive to educate people everywhere about clean water and healthy oceans, and are thrilled to work with Zenni to continue that mission,” Wyland said. “Every choice is important – from the glasses you buy to the waste you throw out. ReMakes™ by Zenni give you one more simple choice to help protect and preserve our world’s waterways.”
The ReMakes™ by Zenni collection is manufactured with Global Recycled Standard (GRS) certification. GRS promotes sustainability and social responsibility on all levels of production. In addition to providing customers a more sustainable way to wear fashionable customizable eyewear, Zenni is also committed to delivering these glasses in a more sustainable way. ReMakes™ by Zenni are shipped in a cylindrical tube made of recyclable paper and include a pouch and lens cloth made from 80% recycled PET fabric (RPET) extracted from plastic bottles.
Zenni pioneered the online eyewear industry in 2003 with a mission to make prescription eyewear affordable and accessible to everyone. Based in the San Francisco Bay Area, Zenni offers men, women, and children the freedom to express their personal style through high-quality prescription and protective eyewear curated with a sense for fashion and incredible selection. With complete prescription pairs starting at just $6.95, and averaging just over $40, the company has brought massive price disruption to the traditional retail model. With over 45 million frames sold worldwide, a pair of Zennis is owned in every country across the globe. Zenni is proud to be the Official Eyewear of the San Francisco 49ers, Boston Red Sox, Call of Duty League and the Chicago Bulls. Zenni has worked with designers and tastemakers on curations and collections, including Iris Apfel, Rashida Jones, Cynthia Rowley, Coco + Breezy and George and Claire Kittle.
ExxonMobil | September 01, 2022
ExxonMobil affiliates have signed an agreement to sell all of ExxonMobil’s interests in the Aera oil-production operation in California to Green Gate Resources E, LLC, a subsidiary of IKAV.
The transaction involves a share sale of Mobil California Exploration & Producing Asset Company. In addition, ExxonMobil affiliates have entered into a separate agreement for the sale of an associated loading facility and pipeline system.
“This sale is part of our strategy to continually strengthen our industry-leading portfolio, focusing our investments in low-cost-of-supply oil and natural gas to meet consumer demand and create value for our shareholders,”
Liam Mallon, president of ExxonMobil Upstream Company
Mobil California Exploration & Producing Company holds a 48.2% share of Aera Energy LLC and a 50% share of Aera Energy Services Company, a joint venture with Shell. It was formed in June 1997 and has operations in eight onshore fields. In 2021, Aera produced about 95,000 oil-equivalent barrels per day.
The sale does not affect ExxonMobil’s branded network of about 500 independently owned retail sites in California.
The transaction is expected to close in the fourth quarter of 2022, subject to regulatory approvals.
ExxonMobil, one of the largest publicly traded international energy and petrochemical companies, creates solutions that improve quality of life and meet society’s evolving needs.
The corporation’s primary businesses - Upstream, Product Solutions and Low Carbon Solutions - provide products that enable modern life, including energy, chemicals, lubricants, and lower-emissions technologies. ExxonMobil holds an industry-leading portfolio of resources, and is one of the largest integrated fuels, lubricants and chemical companies in the world. To learn more, visit exxonmobil.com and the Energy Factor.
Siemens Digital Industries Software | September 20, 2022
Decarbonization is a key focus for leading design, engineering and manufacturing organizations. To provide access to the most up to date CO2e emission data for materials and energies, Siemens Digital Industries Software today announces its collaboration with sustamize GmbH, a leading ClimateTech company providing professional technology, data and software solutions enabling companies to measure, optimize and manage CO2 emissions.
The new Teamcenter® Carbon Footprint Calculator software, part of the Teamcenter product cost management solution from the Siemens Xcelerator platform, enables organizations to measure, simulate, reduce and track their product carbon footprint early in the development phase. This will empower different departments to measure, optimize and manage carbon footprints at each level of the product value chain.
“Today, it is thought that 80 percent of the environmental impact associated with a product can be avoided in the development and design phase. Our collaboration with sustamize will enable customers to understand the environmental impacts of their products and processes early in the product development based on comprehensive, up to date, data,” said Eryn Devola, Vice President of Sustainability, Siemens Digital Industries Software. “By empowering our community to make fact-based decisions based on uniform data along the entire supply chain, we can assist them to avoid hazardous materials, use materials and energy efficiently, develop clean manufacturing procedures and help to accelerate the transition to net zero.”
Through this collaboration, the wealth of data from sustamize’s Product Footprint Engine, including a prepackaged CO2 emission factors library with frequently used material and energy factor set, will be accessible through the Siemens Xcelerator portfolio. This will support the calculation of the product carbon footprint and scope 3 emissions (for purchased parts and external services) with the capability to add additional category data sets based on demand. sustamize’s technology enables automated product carbon footprint management with one of the world’s largest CO2e database and intelligent algorithms, so the Product Footprint Engine is based on scientifically researched data enriched with more than 20 years of industry know-how and validated according to ISO 14048 by DEKRA.
"Empowering users across manufacturing focused organizations to understand the CO2e impacts and drivers in their own products and supply chains, while working with a sophisticated tool that is already familiar and user-friendly, is a game changer in overcoming hurdles related to CO2e management,”
Viola Hasani, Co-founder and Customer Success Lead, sustamize
Siemens Digital Industries Software is driving transformation to enable a digital enterprise where engineering, manufacturing and electronics design meet tomorrow. The Siemens Xcelerator portfolio helps companies of all sizes create and leverage digital twins that provide organizations with new insights, opportunities and levels of automation to drive innovation.