EPA Funds Research into NAMs for Chemical Toxicokinetics

Ehsdaily advisor | August 12, 2020

On August 3, 2020, the EPA announced it is awarding $3,980,782 to 5 academic research teams for the development of New Approach Methods (NAMs) for evaluating chemical toxicokinetics. Toxicokinetics is defined as the study of “how a substance gets into the body and what happens to it in the body,” according to the U.S. National Library of Medicine. This website describes four process involved in toxicokinetics: These awards will be used to develop tools that help industry and EPA evaluate the safety of chemicals more quickly and cheaply,” said EPA Administrator Andrew Wheeler. “This research will be another step toward EPA’s goals of more widespread application of NAMs and reduction in animal testing.”

Spotlight

This Annual Review provides a short overview of some of PlasticsEurope’s most important activities in the past year – both at EU level and through our network of regional offices. The highlight of this report is of course ‘Plastics 2030’, our Voluntary Commitment to increase recycling of plastics packaging by 2030, which we published on 16 January 2018. The report also includes the latest developments on marine litter prevention and youth education, and different examples of stakeholder partnerships we are involved in.


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CHEMICAL TECHNOLOGY

Balmoral Funds, LLC Completes Acquisition of Trecora Resources

Trecora Resources | June 28, 2022

Balmoral Funds, LLC announced that it has successfully completed its previously announced acquisition of Trecora Resources at a price of $9.81 per share, net to each seller, in cash, without interest and subject to any required tax withholdings. With the completion of the acquisition, Trecora's stock will cease trading on the New York Stock Exchange and Trecora will no longer be listed on any public market. Blank Rome LLP served as legal advisor to Balmoral, and Piper Sandler served as financial advisor to Balmoral. Guggenheim Securities, LLC served as exclusive financial advisor to Trecora, and Morgan, Lewis & Bockius LLP served as legal advisor to Trecora. About Balmoral Funds Balmoral is a Los Angeles, CA based private equity fund that was founded in 2005. Balmoral's objective is to be the financial partner of choice for entrepreneurial, emotionally intelligent and successful C-suite executives and operating advisors creating transformative, revitalizing change in the businesses they co-invest in together. Balmoral has approximately $1.5 billion of assets under management. Balmoral typically invests in companies that have revenues between $30 to $500 million and require equity investments of $10 to $100 million, with the capability of investing an additional $100 million or more in particularly compelling opportunities. About Trecora Resources Trecora owns and operates a specialty petrochemicals facility specializing in high purity hydrocarbons and other petrochemical manufacturing and a specialty wax facility, both located in Texas, and provides custom processing services at both facilities.

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CHEMICAL TECHNOLOGY

Waters Collaborates with Leading Researchers and Industry Partners to Advance the Science of Alternative Proteins

Waters Corporation | July 27, 2022

Waters Corporation announced it is providing both technology and expertise to help advance plant-based protein science in collaboration with researchers of the Plant Protein Innovation Center at the University of Minnesota. Waters scientists will work with PPIC researchers to develop a workflow for measuring the amino acid content of plant-based proteins using a Waters ACQUITY™ Premier UPLC System. Waters is the first analytical instrument company to become a member of the PPIC, an industry-leading interdisciplinary research center dedicated to studying plant and alternative proteins. According to a July 2022 report by Boston Consulting Group, animal agriculture is the largest global greenhouse gas emitter within the food system and accounts for 15% of global emissions. If alternative proteins stay on track to match the taste, texture and price of conventional animal proteins, researchers estimate they will account for an 11% share of the food market by 2035 and account for a reduction in CO2 emissions equal to 95% of today’s aviation industry emissions.i “Just as climate change and population growth are driving demand for alternatives to animal protein, changing consumer tastes are also creating a preference for healthy and more sustainable dietary options to meet their future needs and wants. Waters is proud to be the first analytical instrument company to join PPIC in its pursuit of alternative sources of proteins while addressing the issues of climate change and food security.” Warren Potts, Senior Director, Global Food and Environmental Business, Waters Corporation “As we translate research to reality through developing and introducing novel and sustainable plant protein ingredients and products with acceptable functionality and nutrition, we rely heavily on robust and accurate analytical tools,” said Dr. B. Pam Ismail, Founder and Director of the PPIC. “PPIC and its member organizations are, therefore, thrilled to partner with Waters to advance our analytical capabilities for the alternative protein market.” Liquid Chromatography is Essential for Amino Acid Analysis Proteins are made up of 20 chemical ‘building blocks’ called amino acids. The amino acids we make ourselves or that we take in with food, link together in different combinations to make new proteins that help build and repair muscles, tendons, and organs. While humans produce 11 of these amino acids, the remaining nine amino acids are essential for human health and are derived only from plant or animal sources. Amino acid analysis provides a basic measure of the functional and nutritional value of both animal- and plant-based proteins slated for consumer food products. Any research into plant-based proteins requires a way to measure their amino acid content, for which liquid chromatography is particularly well-suited. About Waters Corporation Waters Corporation a global leader in analytical instruments and software, has pioneered chromatography, mass spectrometry, and thermal analysis innovations serving the life, materials, and food sciences for more than 60 years. With more than 7,800 employees worldwide, Waters operates directly in more than 35 countries, including 14 manufacturing facilities, and with products available in more than 100 countries.

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CHEMICAL TECHNOLOGY

Ricardo Innovative Climate-Repairing Carbon Negative Technology to Support National Energy Security

Ricardo | July 12, 2022

As part of its mission to support the decarbonisation of the global energy sector, Ricardo, a world-class, strategic environmental and engineering consulting company, has received 3million GBP from the UK Government to design, install and operate a combined heat and power demonstrator plant with a carbon negative footprint which will showcase climate repairing technology. The plant will demonstrate the effectiveness of community scale greenhouse gas removal and clean energy using sustainably-sourced forestry waste. The funding is awarded through the Net Zero Innovation Portfolio under the Department of Business, Energy and Industrial Strategy. Ricardo is leading the consortium delivering the demonstrator plant. The consortium combines an innovative carbon capture system developed by Ricardo with the hot air turbine technology from Bluebox Energy and pyrolysis technology from Woodtek Engineering. The quarter-sized demonstrator plant, which will be located at Holmsted Farm in West Sussex in the UK, will be commissioned and operational in 2023. It will demonstrate not only a highly innovative greenhouse gas removal technology, that in the full-size system can generate renewable heat and electricity for up to 300 local homes and businesses, but also a realistic carbon negative technology that can significantly contribute to net zero targets. “Ricardo is a trusted advisor to governments around the world on climate change policy and the transition to clean energy, and is also well known for its mission to decarbonise the global transport and energy sectors. In partnership with Bluebox Energy and Woodtek Engineering, this project will demonstrate that our innovative and integrated carbon capture system can be used to benefit local communities, bolster the UK’s reputation as a pioneer in negative emission technologies, and provide a sustainable and commercially viable pathway to net-zero while also delivering national energy security.” Tim Curtis, Managing Director, Ricardo Energy and Environment Ricardo’s project is one of several across the UK which will benefit from a share of over 54 million GBP to develop technologies that remove carbon emissions from the atmosphere. Announcing this investment, UK Government’s Energy and Climate Change Minister Greg Hands said: “This 54 million GBP government investment will help establish a greenhouse gas removal industry in the UK, which could be worth billions to our economy, bringing in private investment and supporting the creation of new green jobs.” The technology works by taking sustainably sourced waste wood from domestic timber production and then processing it in three ways: producing biochar (a product similar to charcoal); generating heat and power; and capturing carbon dioxide from the exhaust. The technology, therefore, captures around 95% of the carbon content in the wood. It also produces commercially marketable carbon products: the biochar can be used by farmers to enrich soil and add to animal feed to reduce ruminant emissions. The industrial-grade carbon dioxide can either be used for making low-carbon concrete or in the food and drinks industry to replace carbon dioxide derived from industrial processes which rely on imported natural gas. A full-size system will remove 16,000 tonnes of carbon dioxide per year from the atmosphere. Ricardo has been collaborating with Bluebox Energy since June 2020 to deliver innovative technologies that support the transition to a low carbon future. This project is a further boost to Ricardo’s credentials in tackling climate change and meeting national net zero targets. Ricardo is currently actively supporting clients in Europe in innovative carbon capture technologies and has advised the UK Government on the potential of bioenergy with carbon capture in the UK. Ricardo supports clients across a wide range of industries develop their industrial decarbonisation plans on the route to net zero. About Ricardo Ricardo plc is a world-class strategic, environmental, and engineering consulting company, listed on the London Stock Exchange. With over 100 years of engineering excellence and employing close to 3,000 employees in more than 20 countries, we provide exceptional levels of expertise in delivering leading-edge and innovative cross-sector sustainable products and solutions. Every day, we enable our customers to solve the most complex and dynamic challenges to help achieve a safe and sustainable world. Department for Business, Energy & Industrial Strategy This funding has been made available from the government’s £1 billion Net Zero Innovation Portfolio, which looks to accelerate the commercialisation of low-carbon technologies and systems, through its Direct Air Capture and Greenhouse Gas Removal Innovation Competition. This competition will provide funding for developing technologies that enable the removal of greenhouse gases from the atmosphere in the UK.

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CHEMICAL TECHNOLOGY

Twelve to Deploy World’s First Industrial-Scale Carbon Transformation Platform

Twelve | July 04, 2022

Twelve, the carbon transformation company, is announcing $130 million in Series B and additional funding to scale the engineering, manufacturing, and deployment of its industrial-scale carbon transformation technology for the creation of a wide range of products with a lower carbon footprint. Twelve’s carbon transformation technology converts captured CO2 into products historically made from fossil fuels. According to research from Columbia’s SIPA Center on Global Energy Policy, replacing fossil feedstocks in the production of chemicals, materials, and fuels with renewable carbon from point source or direct air capture could avoid nearly 10 percent of global greenhouse gas emissions. Twelve is currently transforming emissions into products for the automotive, household and apparel industries, as well as for government entities and global technology companies, by replacing petrochemicals and fossil-based transportation fuels with CO2Made® materials and carbon-neutral fuels like E-JetⓇ. “Companies and governments no longer need to rely on fossil fuels for the carbon that goes into everything from apparel and cleaning products to electronics and jet fuel. This fresh funding ensures we can reach industrial scale to help new and existing partners achieve rapid emissions-reduction.” Twelve Co-Founder and CEO Nicholas Flanders Twelve’s partners include Mercedes-Benz, Procter & Gamble, Shopify, the U.S. National Aeronautics and Space Administrationand the U.S. Air Force, all of which use Twelve’s breakthrough carbon transformation technology to reduce emissions and create CO2Made products. “As more companies and organizations adopt carbon-neutrality targets, they urgently need technologies like Twelve’s to rapidly green supply chains and corporate travel to reduce emissions at scale,” said Zachary Bogue, Managing Partner, DCVC. “Since leading Twelve’s seed round in 2018, we’ve only become more confident that their technology offers businesses a critical solution for not just offsetting emissions, but eliminating them.” The new funding follows Twelve’s first commercial products, a line of CO2Made sunglasses with sustainable fashion brand PANGAIA, and carbon-neutral sustainable aviation fuel (SAF), E-Jet. Twelve was recently recognized by Fast Company as the world’s #1 most innovative energy company of 2022 and as a BloombergNEF Pioneer in the Decarbonizing Aviation category. “Delivering low-carbon sustainable products consumers desire will require scaling innovative solutions such as Twelve’s carbon transformation technology.” said Todd Cline, Senior Director of Sustainability, for Procter & Gamble Fabric Care. “We’re glad to see Twelve given the opportunity to expand their opportunity to impact a broad variety of sustainable consumer products enabled by their technology.” “Twelve has the potential to disrupt petrochemical supply chains by creating a wide range of materials from carbon emissions instead of fossil fuels,” said Udo Gayer, Manager of New Business in Production Planning at Mercedes-Benz Cars. “The potential impact of their technology is immense, and I’m glad to see them receive the funding to continue scaling their technology.” DCVC led Twelve’s Series B financing, with participation from Series A lead investors Capricorn Technology Impact Fund and Carbon Direct Capital Management. Breakout Ventures, Munich Re Ventures, Elementum Ventures, and Microsoft Climate Innovation Fund also participated. In addition, Twelve secured a Series B and strategic program investment from the Chan Zuckerberg Initiative (CZI). “Carbon transformation has the potential to turn CO2 from a harmful waste stream into useful products for the global economy,” said Jonathan Goldberg, CEO of Carbon Direct. "With the costs of carbon capture, renewables and electrolyzers continuing to fall, Twelve’s technology stands to play a crucial role in decarbonizing some of the hardest-to-abate industries.” To help drive Twelve’s industrial scaleup, the company just announced additions of key industry veterans to its leadership team: Anne Roby, Independent Board Director and former Linde executive; David Frank, Chief Productization Officer and former Cummins director; and Ram Ramprasad, Chief Commercial Officer and former Linde executive. About Twelve Twelve is the carbon transformation company, a new kind of chemical company built for the climate era. We make essential products from air, not oil. Our groundbreaking technology eliminates emissions by transforming CO2 into critical chemicals, materials and fuels that today are made from fossil fuels. We call it carbon transformation, and it fundamentally changes how we can address climate change, reduce emissions and reverse the carbon imbalance. Reinventing what it means to be a chemical company, we’re on a mission to create a climate positive world and a fossil free future through the power of chemistry.

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Spotlight

This Annual Review provides a short overview of some of PlasticsEurope’s most important activities in the past year – both at EU level and through our network of regional offices. The highlight of this report is of course ‘Plastics 2030’, our Voluntary Commitment to increase recycling of plastics packaging by 2030, which we published on 16 January 2018. The report also includes the latest developments on marine litter prevention and youth education, and different examples of stakeholder partnerships we are involved in.

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