CHEMICAL TECHNOLOGY

Chemical Industry Announces Collaborative Equity, Diversity & Inclusion STEM Scholars Initiative

Chemical Industry | November 18, 2020

The American Chemistry Council (ACC), American Institute of Chemical Engineers (AIChE), The Chemours Company and HBCU Week Foundation today declared the synthetic business' first collective value, variety and consideration activity pointed toward making pathways for more underrepresented gatherings to enter and prevail in the substance business.

The Future of STEM Scholars Initiative (FOSSI) gives occasions to makers, gracefully chain accomplices and different partners to finance grants, make temporary jobs and encourage tutoring and authority preparing for understudies studying science, innovation, designing, and math (STEM) at Historically Black Colleges and Universities (HBCUs).

With an aspiring first year objective of endorsing 150 STEM Scholars at a venture of $7.2 million, FOSSI unites the substance business' group may to have a huge effect on the eventual fate of the business.

FOSSI is a center activity of the AIChE Doing a World of Good mission and its All for Good: Engineering for Inclusion need, which is driving industry-wide improvement in value, variety and consideration. ACC and The Chemours Company are establishing accomplices in FOSSI, driving industry responsibilities to help meet the program's striking first year objective. As a lead support, Chemours has additionally vowed a multi-year duty of $5 million. HBCU Week Foundation will fill in as grant head for the activity, driving commitment with instructive organizations and understudies the same.

"ACC and our individuals are focused on improving variety in our offices, our Board rooms and the networks in which we work," expressed ACC President and CEO Chris Jahn. "We perceive the significance of value, variety and consideration programs like FOSSI to help manufacture a durable and joined labor force which improves monetary development for all organizations and people," he added.

Spotlight

Overall, executives are bullish about the prospects for M&A in the chemicals industry, but our 2018 Chemicals Executive M&A Report finds the industry could be near its peak. Future deals will likely prove to be more complex, as the pace of so-called megadeals slows and a lack of large targets changes the landscape.


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CHEMICAL TECHNOLOGY

Eastman to invest up to $1 billion to accelerate circular economy through building world's largest molecular plastics recycling facility in France

Eastman | January 17, 2022

This morning, French President Emmanuel Macron and Eastman Board Chair and CEO Mark Costa will jointly announce Eastman's plan to invest up to $1 billion in a material-to-material molecular recycling facility in France. This facility would use Eastman's polyester renewal technology to recycle up to 160,000 metric tonnes annually of hard-to-recycle plastic waste that is currently being incinerated. The investment would recycle enough plastic waste annually to fill Stade de France national football stadium 2.5 times, while also creating virgin-quality material with a significantly lower carbon footprint. Eastman is the largest investor at this year's "Choose France" event, which is focused on attracting foreign investment to France. This multi-phase project includes units that would prepare mixed plastic waste for processing, a methanolysis unit to depolymerize the waste, and polymer lines to create a variety of first-quality materials for specialty, packaging, and textile applications. Eastman also plans to establish an innovation center for molecular recycling that would enable France to sustain a leadership role in the circular economy. This innovation center would advance alternative recycling methods and applications to curb plastic waste incineration and leave fossil feedstock in the ground. The plant and innovation center would be expected to be operational by 2025, creating employment for approximately 350 people and leading to an additional 1,500 indirect jobs in recycling, energy and infrastructure. A circular economy is key to addressing the global plastic waste crisis and the climate crisis, which have both been at the center of attention in France and throughout Europe. This long-term partnership between France and Eastman will contribute to the EU achieving its sustainability goals, by reducing carbon emissions and enabling a circular economy. France has demonstrated tremendous leadership by recognizing the vital role of molecular recycling and supporting investments in innovation. Eastman's project has also garnered support from an impressive roster of global brands who share its commitment to solving the world's plastic waste problem and view molecular recycling as a pivotal tool for achieving circularity. LVMH Beauty, The Estée Lauder Companies, Clarins, Procter & Gamble, L'Oréal and Danone are leading the way by signing letters of intent for multiyear supply agreements from this facility. Eastman's proven polyester renewal technology provides true circularity for hard-to-recycle plastic waste that remains in a linear economy today. This material is typically incinerated because it either cannot be mechanically recycled or must be downcycled with existing technology. This hard-to-recycle waste is broken down into its molecular building blocks and then reassembled to become first-quality material without any compromise in performance. Eastman's polyester renewal technology enables the potentially infinite value of materials by keeping them in production, lifecycle after lifecycle. With the technology's inherent efficiencies and the renewable energy sources available in France, materials can be produced with greenhouse gas emissions up to 80% less than traditional methods. "Accelerating the transition to a circular economy is one of the main challenges in the years to come. Eastman's substantial investment in France demonstrates our country's willingness to embrace innovative technologies that will help us achieve our ecological and economic ambitions, by revolutionizing our country's plastics recycling capacities. France has always been at the forefront of this journey, and together with Eastman, is giving itself the means to achieve its ambitious plastics recycling targets set for 2025. We are very excited to welcome a company that has a 100-year history of innovation at a global scale and more than 30 years of molecular recycling experience." Barbara Pompili, French Minister for Ecological Transition Agnès Pannier-Runacher, French Delegate Minister for Industry stated, "Eastman's world-scale project will allow France to position itself as a European leader in new technologies for recycling and recovering plastic waste. This investment is the result of the ambitious approach to industrial reconquest led by the Government since 2017, which has enabled France to become the most attractive country in Europe from 2018 onward for industrial projects. With this project, which is an important step for our sovereignty, we are giving ourselves the means to achieve our ambitions in terms of ecological transition while creating sustainable jobs in manufacturing, infrastructure and energy. We look forward to developing this relationship with Eastman." "The investment in France is a significant step forward in Eastman's strategy to accelerate a circular economy globally. Eastman is proud to partner with the French government to actively contribute to France's and the EU's bold commitments," Costa said. "France has demonstrated their commitment toward a sustainable future and Eastman has set similar, ambitious carbon and circular economy goals. The announcement today has been made possible thanks to the support of President Macron, the French government and its agency Business France, who have worked with impressive urgency to enable and incentivize this large and complex project. We look forward to working together for the long term and offer necessary innovations to recycle plastic waste and protect our planet for future generations. "The plan to build the world's largest plastics recycling facility in France is an important part of our overall circular economy strategy," Costa added. "Today's announcement is a key milestone towards our commitment, and we expect to achieve additional milestones in the coming months, including agreements related to securing the plastic waste that will be raw material supply, securing government incentives, and the site location decision." About Eastman Founded in 1920, Eastman is a global specialty materials company that produces a broad range of products found in items people use every day. With the purpose of enhancing the quality of life in a material way, Eastman works with customers to deliver innovative products and solutions while maintaining a commitment to safety and sustainability.

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CHEMICAL MANAGEMENT

Invert Adds Further Carbon Credit Experience and Leadership to Team

Invert Inc. | March 04, 2022

Invert Inc. a specialized carbon emissions reduction and offsetting company, is pleased to announce that it has expanded its team to add new carbon project expertise and IT development leadership. Joining the team as Head of Carbon Forestry is Matt Delaney. Matt is a forester specializing in carbon projects and has over 20 years of experience in forest carbon methodology development, forest inventory techniques, and carbon markets. He has been part of the successful implementation of carbon projects on over two million acres of land. Matt is co-author of an IFM carbon methodology under the American Carbon Registry and is currently part of a team writing a biochar carbon methodology for Verra, one of the leading carbon credit standard agencies. As Head of Carbon Forestry at Invert, he will evaluate and complete due diligence on forest carbon project opportunities including IFM, REDD+, and reforestation projects globally. He will also identify new opportunities in the carbon offset and removal sector and assist in developing new carbon methodologies. Also joining the team is Chris Heider, as Head of Blue Carbon. Chris will oversee project diligence and structuring for carbon sequestration and avoidance projects that specifically relate to coastal and marine ecosystems. He is an ecosystem ecologist with a strong background in quantifying and designing nature-based solutions to climate change in countries with low or limited capacity. Chris has over 25 years of experience consulting for global and regional organizations in the Asia-Pacific and Latin America Regions, as well as numerous private sector clients. Chris has conducted assessments and designed projects in over 20 jurisdictions around the world, covering projects of all forms including forest management, reforestation, evaluation of carbon stocks in mangrove, coastal communities, upland forests, wetlands and grasslands. Chris and Matt join an existing leadership team with significant expertise in carbon credit markets, including Gabe Sheets-Poling (former Managing Director at Cargill Inc. and Sr. VP at Indigo Ag.) and Adam Shedletzky (former Senior Adviser to the Minister of Environment & Climate Change and Premier of Ontario). “Chris and Matt are both seasoned leaders in on-the-ground assessment and structuring of carbon credit generation projects. With their addition to Invert, we have further strengthened the carbon credit team with decades of experience across forestry, blue carbon, regenerative agriculture and technology-related projects.” Andre Fernandez, Co-CEO, Invert Also joining the Invert leadership team as Head of IT and Technical Development is Ru Wadasinghe. With over 30 years of technology experience, Ru is the former Chief Information Officer of Canopy Growth Corporation, CIO and VP of Professional Services at March Networks and spent 20 years at Nortel, where he held leadership positions in product management, operations and IT. Ru holds an Engineering degree from Carleton University and an MBA from the University of Ottawa. Ru was awarded a U.S. patent in Internet networking and was recognized as one of Canada’s Top 19 Technology Titans for 2019. “At Invert we are leveraging our financing of carbon reduction and sequestration projects, to develop a platform that enables individuals the opportunity to support carbon credit projects,” said Rade Kovacevic, Co-CEO. “Adding Ru’s immense technical background to the Company will be invaluable as we continue to advance our software platform to support our mission.” About Invert Invert invests in carbon credit projects that produce high quality, meaningful carbon reduction and removal credits that we believe will help save our world. We believe in making access to carbon reduction and removal projects available to individuals and businesses both big and small.

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CHEMICAL MANAGEMENT

Euclid Launches Three New Admixtures at World of Concrete

The Euclid Chemical Company | February 17, 2022

Euclid Chemical, a leading manufacturer of concrete and masonry construction products, announced the launch of three new concrete admixtures at this year's World of Concrete—the concrete industry's largest event for building professionals. EUCOSHIELD™ An integral finishing admixture, EUCOSHIELD is a ready-to-use liquid admixture designed to be used as an integral finishing aid that prevents rapid moisture loss from the concrete surface by binding the internal water in the pore structure. It is especially effective when concreting operations must be performed in direct sun, wind, high temperatures or low relative humidity. EUCOSHIELD can also be used to reduce excessive bleeding and segregation of concrete or mortar. Containing no added chlorides or chemicals known to promote the corrosion of steel, EUCOSHIELD is compatible with most other admixtures commonly used in concrete, including air entraining admixtures, polycarboxylate-based HRWR admixtures (superplasticizers), conventional water reducers and retarders. EUCON ECO-STRENGTH™ A strength-enhancing admixture, EUCON Eco-Strength improves both early- and late-age strength development in concrete. Based on a highly engineered admixture technology that facilitates cement hydration, EUCON Eco-Strength enhances strength development and allows for sustainable construction practices to be achieved through possible total cementitious content reduction. Maintaining compressive strength development equivalent to that of a reference mix containing more cementitious is important in all construction projects requiring CO2 emissions and total embodied energy reduction. EUCON Eco-Strength is particularly effective where heat is present while curing, allowing earlier stripping of forms or restoring the serviceability of concrete repairs. EUCON® AM-10L A liquid integral crystalline waterproofing admixture, Eucon AM-10L is formulated to interact with concrete capillary pore structures to provide a system that greatly reduces the permeability of concrete through the formation of tiny crystals that block the pores. It can also seal microscopic cracks and work in tandem with other products like sealers to create a structural waterproofing system. EUCON AM-10L can be used in both above- and below-grade applications. About Euclid Chemical. Headquartered in Cleveland, Ohio, Euclid Chemical has served the global building market for more than a century as a leading manufacturer and supplier of specialty products and technical support services for the concrete and masonry construction industry. Euclid Chemical's expansive product line includes admixtures, fiber reinforcement, concrete repair products, flooring materials, decorative concrete systems and more.

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Practical concentrate: Ceresana study on the world market for plastic masterbatches

Ceresana | October 02, 2020

Why complicate things when you can make them simple? Colorants and flavors for beverages are often not directly mixed with water and prefabricated, ready-to-use syrup concentrates are used instead. In the production of plastics, too, so-called masterbatches – granules with a high concentration of colorants, other additives, or fillers – are preferred to powders, pastes, or liquid additives. Premixed concentrates with precisely defined properties facilitate processing and increase process reliability: color masterbatches contain pigments or dyes; additive masterbatches specifically modify other properties of plastics. A wide variety of additives can be combined, for example stabilizers, antioxidants, antistatics, or flame retardants. Ceresana is now publishing the second, completely revised edition of its market study on masterbatches: the global demand for plastic masterbatches is expected to rise to almost 4.5 million tonnes by 2027. White Sun Protection and Bright Colors The top-selling type of masterbatch is currently white masterbatches. Global demand for this type has increased by an average of 2.1% p.a. over the last eight years. The most important product is titanium dioxide (TiO2): the plastics industry uses these white pigments to color toys, electrical appliances, automotive parts, furniture, and plastic films on a large scale. Titanium dioxide also absorbs UV rays and thus protects against harmful solar radiation. Color masterbatches with e.g. colorful inorganic, organic, and effect pigments follow in second place. The color black is usually achieved by using carbon black. It is often used for conductive packaging, films, fibers, molds, pipes, and cables. Another well-known end product is waste bags. Carbon Black offers many advantages in plastic applications, especially for technical polymers: it is very resistant to color changes and fading - even under extreme outdoor conditions. Packaging Manufacturers are Main Customers The demand for masterbatches follows the global market for plastics: the most important end applications are packaging, construction materials, transportation, electrical products and electronics, as well as other industrial goods. Packaging constituted the largest sales market in 2019, accounting for 36% of total demand. The construction industry ranked second by a considerable margin, followed by the segments industry and transportation. The category packaging includes all masterbatches for flexible plastic packaging, such as films, bags, and sacks, and for rigid packaging, e.g. yogurt cups, cans, bottles, and lids. The Study in Brief: Chapter 1 provides an overview and analysis of the global market for plastic masterbatches – including forecasts up to 2027: the development of demand and revenues is examined for each region of the world. Demand is broken down into the different types of masterbatches: white, black, color, and additive masterbatches. The different application areas are also examined separately: packaging, construction industry, transportation, electrical goods and electronics, industry, and other applications. Chapter 2 examines the 16 most important countries individually. The study presents demand per country, demand per type of masterbatch, as well as revenues. Demand is also analyzed according to the individual application areas. Chapter 3 offers a useful list of the 52 most important producers of plastic masterbatches. It is clearly arranged according to contact data, revenues, profit, product portfolio, production facilities, and profile summary. Further information: www.ceresana.com/en/market-studies/plastics/masterbatches/ About Ceresana As one of the world's leading market research institutes, Ceresana is specialized in the segments chemicals, plastics, packaging, and industrial goods. Companies have been benefiting from our high-quality industry analyses and forecasts since 2002. More than 180 market studies provide more than 10,000 customers around the world with the knowledge base for their sustainable success. Find more information about Ceresana at www.ceresana.com

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Spotlight

Overall, executives are bullish about the prospects for M&A in the chemicals industry, but our 2018 Chemicals Executive M&A Report finds the industry could be near its peak. Future deals will likely prove to be more complex, as the pace of so-called megadeals slows and a lack of large targets changes the landscape.

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