PPG Industries | February 25, 2021
Universal Display Corporation (Nasdaq: OLED) and PPG (NYSE:PPG) today announced that UDC Ireland Limited and PPG will jointly establish a new manufacturing site in Shannon, Ireland, for the production of UDC’s highly efficient, high-performing UniversalPHOLED® materials. The new facility will be designed to double the production capacity and diversify the manufacturing base for UDC’s phosphorescent emitters to meet growing organic light emitting diode (OLED) market demand and evolving industry requirements.
PPG is the exclusive manufacturer of UDC’s UniversalPHOLED emitter materials, and the two companies recently celebrated their 20-year partnership.
UDC has leased the Ireland site with the right to purchase. Until recently, the site was operating as a full-service, active pharmaceutical intermediates manufacturing facility. It will be adapted to manufacture PHOLED emitters and will be operated by PPG. Facility improvements and regulatory approvals are expected to be completed in the next 12 months, and operations are scheduled to commence in early 2022.
“We are very pleased to continue to grow and broaden our strong 20-year relationship of producing high-performance OLED materials for Universal Display,” said Michael H. McGarry, PPG Chairman and Chief Executive Officer. “The addition of the Ireland facility helps support the tremendous demand and growth for energy-efficient displays and lighting devices and expands upon our established OLED production facilities, which are located in Monroeville, Pennsylvania, and Barberton, Ohio.”
“We are excited to expand the manufacturing footprint for our proprietary state-of-the-art phosphorescent OLED materials with PPG, our strong, long-term partner, as the next step in our globalization strategy,” said Steven V. Abramson, Universal Display Corporation President and Chief Executive Officer. “UDC’s mission centers on enabling our customers and the proliferation of OLEDs in the consumer electronics landscape. We are continuing to enlarge our global presence, while also bolstering our localized on-the-ground capabilities. Following the recent openings of our PHOLED Application Centers in Korea and Hong Kong, our goal is to establish additional local operations to support our customers. Together with PPG’s best-in-class manufacturing expertise, this investment commitment broadens our global capacity, strengthens our business continuity safeguards and enables us to meet the significant growth expected in the OLED industry.”
PPG: WE PROTECT AND BEAUTIFY THE WORLD™
At PPG (NYSE:PPG), we work every day to develop and deliver the paints, coatings and specialty materials that our customers have trusted for more than 135 years. Through dedication and creativity, we solve our customers’ biggest challenges, collaborating closely to find the right path forward. With headquarters in Pittsburgh, we operate and innovate in more than 70 countries and reported net sales of $13.8 billion in 2020. We serve customers in construction, consumer products, industrial and transportation markets and aftermarkets. To learn more, visit www.ppg.com.
We protect and beautify the world is a trademark and the PPG Logo is a registered trademark of PPG Industries Ohio, Inc.
About Universal Display Corporation
Universal Display Corporation (Nasdaq: OLED) is a leader in the research, development and commercialization of organic light emitting diode (OLED) technologies and materials for use in display, solid-state lighting applications with subsidiaries and offices around the world. Founded in 1994, the Company currently owns, exclusively licenses or has the sole right to sublicense more than 5,000 patents issued and pending worldwide. Universal Display licenses its proprietary technologies, including its breakthrough high-efficiency UniversalPHOLED® phosphorescent OLED technology that can enable the development of energy-efficient and eco-friendly displays and solid-state lighting. The Company also develops and offers high-quality, state-of-the-art UniversalPHOLED materials that are recognized as key ingredients in the fabrication of OLEDs with peak performance. In addition, Universal Display delivers innovative and customized solutions to its clients and partners through technology transfer, collaborative technology development and on-site training. To learn more about Universal Display Corporation, please visit https://oled.com/.
Universal Display Corporation and the Universal Display Corporation logo are trademarks or registered trademarks of Universal Display Corporation. All other company, brand or product names may be trademarks or registered trademarks.
Occidental | March 23, 2022
Occidental announced an agreement with an affiliate of SK Trading International, a subsidiary of SK Innovation Co. Ltd. for the first net-zero oil created by combining crude oil together with environmental attributes generated from the sequestration of atmospheric carbon dioxide captured via 1PointFive’s planned large-scale Direct Air Capture facility and sequestered in Occidental’s enhanced oil recovery reservoirs in the U.S. Permian Basin. SK Trading International expects to convert the net-zero oil into net-zero products. This is one step both companies are taking together in furtherance of their net-zero ambitions and commitments to address climate change.
Under the agreement, Occidental’s marketing affiliate may provide SK Trading International’s affiliate with an opportunity to purchase up to 200,000 barrels of net-zero oil per year for five years. To produce the environmental attributes that are utilized for the net-zero oil for this agreement, Occidental plans to inject approximately 100,000 tonnes of captured atmospheric CO2 volumes per year, which is equal to the expected CO2 emissions from the entire crude oil lifecycle, including extraction, transportation, storage, shipping, refining, subsequent use, and combustion. Net-zero oil, which is compatible with existing refinery infrastructure, can help hard-to-abate industries advance their net-zero commitments by providing an affordable, scalable fuel option that does not contribute to additional atmospheric CO2.
1PointFive's first DAC facility, which is expected to be online in late 2024 and also will include pure sequestration, is in the process of being deployed using Carbon Engineering's industrial-scale DAC solution. The facility will extract atmospheric CO2 and permanently store it deep underground in geologic formations delivering permanent and verifiable carbon dioxide removal.
“Net-zero oil is an important component of the energy transition and provides a critical bridge as society moves to a net-zero economy. As Occidental advances our Pathway to Net Zero, we are excited to partner with SK Trading International and leverage our licensed direct air capture technology and EOR experience to create a new solution for the transportation sector,”
Richard Jackson, President, U.S. Onshore Resources and Carbon Management, Operations, Occidental
SK Trading International, along with SK Innovation, has declared its 2050 Net Zero Journey and is actively developing its action plans to become net zero and even accomplish it earlier than planned. Under its “Carbon to Green” strategy, the company is transforming its overall portfolio with an emphasis on low-carbon business, and is also pursuing measures to manage Scope 3 carbon emission intensity. The introduction of net-zero oil is well aligned with the company’s net-zero commitments and is expected to not only tackle climate change but also accelerate the company’s sustainable growth.
“We are pleased to be a part of the world’s first carbon emission reduction initiative that is underpinned by processing net-zero oil on a life-cycle analysis basis. We are also thrilled to team up with Occidental, one of the most respected energy companies in the world,” said SUH Sokwon, President & CEO of SK Trading International and President of SK Energy Refinery Business.
He added, “In the midst of energy transition, one of the biggest changes in our time, the sustainable business ecosystem built around net-zero oil and low carbon products will contribute to Global Net Zero efforts in a new way.”
(1) The term “net-zero oil” indicates crude oil combined together with environmental attributes generated through the removal and sequestration of atmospheric CO2 through an EOR process in an amount equivalent to the CO2 associated with the production, delivery and refining of the crude oil and the use of the resulting product.
Occidental is an international energy company with assets primarily in the United States, the Middle East and North Africa. We are one of the largest oil producers in the U.S., including a leading producer in the Permian and DJ basins, and offshore Gulf of Mexico. Our midstream and marketing segment provides flow assurance and maximizes the value of our oil and gas. Our chemical subsidiary OxyChem manufactures the building blocks for life-enhancing products. Our Oxy Low Carbon Ventures subsidiary is advancing leading-edge technologies and business solutions that economically grow our business while reducing emissions. We are committed to using our global leadership in carbon management to advance a lower-carbon world.
About SK Innovation
Established as South Korea’s first oil refining company in 1962, SK Innovation engages in diverse areas of business, including exploration and production (E&P), batteries, and information and electronics materials. It owns SK Energy, South Korea’s No. 1 refining company; SK geo centric, the leader in the domestic petrochemical industry; SK Lubricants, a global lubricants company; SK Incheon Petrochem, a refining and chemical company; SK Trading International, a trader of crude oils and petrochemicals; SK Earthon, South Korea's longest and largest independent exploration and production company; and SK IE Technology, a global information and electronic material solution company. As part of their management system, SK Innovation pursues the maximization of happiness for all stakeholders.
Mullen Technologies, Inc. | February 28, 2022
Mullen Automotive, Inc. an emerging electric vehicle manufacturer, announces an update on Mullen’s next-generation solid-state polymer battery technology, which is a significant advancement over today’s current lithium-Ion batteries.
Mullen’s testing of solid-state polymer cells reveals the potential for a 150-kilowatt-hour battery pack that delivers over 600-plus miles of range and highlights an 18-minute DC fast charge which can yield over 300 miles of range. Mullen is working towards utilizing solid-state polymer battery packs in its second generation Mullen FIVE EV Crossovers, with in-vehicle prototype testing set for 2025. Mullen’s first-generation FIVE EV Crossover, due in late 2024, is planned to launch with traditional lithium-ion cell chemistry.
Mullen is also conducting extensive research and development into other advanced battery technologies, including lithium-sulfur and lithium-iron-phosphate. Mullen's ultimate goal is to deliver EV batteries that will surpass today's existing lithium-Ion technology and offer a host of benefits such as increased efficiency, energy density, and range while also lowering the cost, weight, thermal and environmental risks.
“We’ve conducted successful testing and will begin pack level development next. The test data collected shows an impressive outcome and future for solid-state batteries. To sum up, we tested our 300 Ah (ampere hour) cell which yielded 343 Ah at 4.3 volts, and the results surpassed all expectations. We can say with almost certainty that this technology, once implemented on the Mullen FIVE, will deliver over 600 miles of range on a full charge. The future is bright for Mullen Automotive.”
David Michery, CEO and chairman of Mullen Automotive
Mullen has recently announced a string of key partnerships with hofer powertrain, Comau, ARRK, Dürr, and DSA Systems for EV powertrain, engineering, manufacturing, vehicle production systems, and over-the-air (OTA) and vehicle system diagnostics, respectively. The Company expects these strategic developments to play a crucial role in bringing the FIVE to market with the latest technology and in the shortest amount of time. Mullen FIVE was also named "Top Zero Emission SUV" as part of the ZEVA® Awards at the Los Angeles International Auto Show in November 2021, where the vehicle made its debut.
The FIVE is built on an EV crossover skateboard platform that offers multiple powertrain configurations and trim levels in a svelte design that is “Strikingly DifferentTM” and exciting to experience in person. Learn more about the Mullen FIVE at MullenUSA.com.
Mullen is a Southern California-based automotive company that owns and partners with several synergistic businesses working toward the unified goal of creating clean and scalable energy solutions. Mullen has evolved over the past decade in sync with consumers and technology trends. Today, the Company is working diligently to provide exciting EV options built entirely in the United States and made to fit perfectly into the American consumer’s life. Mullen strives to make EVs more accessible than ever by building an end-to-end ecosystem that takes care of all aspects of EV ownership.
Refuel | April 20, 2022
Refuel Energy Inc. announced that planning is underway for the construction of a 3000bpd renewable fuel plant in Southern Ontario.
The proposed facility would supply the aviation and terrestrial fuel needs of the Greater Toronto Area (GTA), home to 6 million Canadians, while lowering the CO2 emissions for the end users by up to 80%; it is also strategically located for exporting to the US Northeast.
“This is an important milestone in the development of Refuel YYZ. We are thrilled to be building such a strong team with Topsøe and Fluor to produce our renewable fuels, ensuring a successful project execution. There is much exciting news to share as we continue development and get closer to a low carbon future.”
Zohrab Mawani, director and co-founder of Refuel
The plant would utilize Haldor Topsøe’s proprietary HydroFlexTM and H2bridgeTM technologies for the production of HDRD and SAF. Planned feedstocks include a mix of waste fats, oils and greases (FOG), such as regionally sourced used cooking oil, animal fats and non-edible crop oils.
“We are very pleased that Refuel has selected Topsøe’s HydroFlex™ and H2bridge™ technologies for this state of the art, standalone renewable diesel and SAF facility. Our market-leading technologies are complementary and together they will produce some of the lowest carbon intensity renewable fuels in the world,” says Henrik Rasmussen, Managing Director, The Americas at Topsøe.
Fluor Corporation is the contractor for Refuel YYZ and will be providing front end engineering and design services, as well as detailed engineering, procurement, and construction management (EPCM) support.
The company expects to make a final investment decision in 2023. If approved, production at the new facility would start in 2025.
Refuel Energy Inc. is a Canadian company utilizing proven technologies to decarbonize transportation. The company will be an early producer of renewable fuels in Ontario, supplying renewable diesel and sustainable aviation fuel to fleet operators and allowing them significant reductions in their emissions. Refuel’s products can decarbonize right away without the need for changes in vehicles or delivery infrastructure. These products are poised to be a key contributor to Canada’s emissions reduction goals.
About Haldor Topsøe
Haldor Topsøe is a global leader in supply of catalysts, technology, and services to the chemical and refining industries. Topsøe aims to be the global leader within carbon emission reduction technologies by 2024. By perfecting chemistry for a better world, we enable our customers to succeed in the transition towards renewable energy. Topsøe is headquartered in Denmark and serves customers around the globe. In 2020, our revenue was approximately DKK 6.2 billion, and we employ around 2,100 employees.