CHEMICAL TECHNOLOGY

European Plastics Converters joins Styrenics Circular Solutions

Styrenics Circular Solutions | June 25, 2021

Styrenics Circular Solutions (SCS), a value chain initiative to increase the circularity of styrenic polymers, welcomed European Plastics Converters (EuPC) as a new member today.

EuPC is the professional representing the organization of 55.000 European plastics converters, whose activities span all areas of the plastics converting industry, including recycling. In addition, national plastics organizations and sector organizations in the plastics converting industry are among its members.

SCS Secretary-General Jens Kathmann commented: "We are delighted to have EuPC on board. Converters are at the forefront of our whole value chain's mission to fulfill styrenes' intrinsic, circular potential. Individual converter companies are already a significant component of the SCS team, and EuPC's involvement boosts our momentum as we go ahead."

Alexandre Dangis, Managing Director of EuPC, stated: "EuPC welcomes and supports the transition to a more robust and circular plastics economy in which all plastic waste resources are utilized in a sustainable manner. Styrenics are a key component of the plastics industry's aim of meeting the European Union's recycling goals by 2025. Our participation in SCS enables us to strengthen our active involvement in this initiative and expand on the development of new plastic circular business models in Europe."

About Styrenics Circular Solutions
Styrenics Circular Solutions is a value chain effort aimed at increasing styrenics circularity. The program involves all stakeholders in the development and industrialization of new recycling technologies and solutions. It seeks to improve resource efficiency and enhance the sustainability of styrenic products within the Circular Economy.

Spotlight

If you are involved in a business that creates chemical industrial waste, it is essential that you have a waste management plan that complies with all local and federal regulations. Industrial waste can be chemical in nature, and may be hazardous. Storing or disposing of unwanted industrial chemicals can create environmental hazards, but chemical waste can be kept out of landfills through chemical repurposing.


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CHEMICAL MANAGEMENT

RELEX Solutions Becomes Carbon Neutral

RELEX Solutions | June 10, 2022

RELEX Solutions, provider of AI-driven supply chain and retail planning solutions, announced today that they have retroactively achieved carbon neutrality for 2021 and begun compensating annually for their emissions. RELEX partnered with offsetting provider Compensate to calculate and offset their carbon footprint. In practice, this means the company successfully removed or avoided 2,544 tonnes of CO2 emissions. RELEX reached the milestone through investments in two initiatives: afforestation in Qianbei, China, where 47,061 hectares of barren land are being converted into a forest, and the Luangwa Community Forests Project in Zambia, which improves local communities and protects 1 million hectares of wilderness areas. RELEX and Compensate calculated the solution provider’s carbon footprint across scopes 1, 2 and 3, addressing both direct and indirect emissions. The approach allowed RELEX to gain a holistic view of their carbon output, helping the company to innovate, execute, and track new ways to reduce emissions from all three scopes. “Solving the carbon emissions challenge first requires understanding its scope, so our priority was to gain visibility into how our operations impacted the environment, then counteract those impacts successfully. Reducing and offsetting carbon emissions is everyone’s responsibility – whether you’re a manufacturer, distributor, retailer, or solution provider, it’s important to scrutinize your footprint and take meaningful steps to address it.” Svante Göthe, Head of Sustainability at RELEX These global carbon offset projects are in addition to strategies RELEX has already put in place to reduce their emissions. Flexible work-from-home policies, reducing non-essential business travel, successful remote implementations, and maximizing renewable energy coverage in RELEX’s cloud computing are a few examples of current initiatives that will continue to evolve. “At RELEX, we pride ourselves on how our technology helps retailers, wholesalers, and consumer packaged goods companies become more sustainable, helping customers cut food waste by up to 40%. That’s why it’s even more important that we practice what we preach, both in the long term through emissions reduction, and the short term through emissions offsetting,” says Mikko Kärkkäinen, Co-Founder and Group CEO at RELEX. “We’re proud to support programs such as the Qianbei and Luangwa projects that will have tangible, positive impacts on their regions for years to come.” About RELEX Solutions RELEX Solutions helps retailers and consumer brands drive profitable growth across all sales and distribution channels by maximizing customer satisfaction and minimizing operative costs. Our market-leading, unified supply chain and retail planning platform helps retailers and consumer goods companies align and optimize demand, merchandising, supply chain, and operations planning across the end-to-end value chain. We drive record-high product availability, increased sales, improved sustainability, and the best return on investment in inventory, space, workforce, and capacity. Leading brands like Dollar Tree and Family Dollar, Stokke, Rite Aid, Sprouts Farmers Market, AutoZone, and PetSmart trust RELEX to optimize their supply chain and retail planning. About Compensate Compensate combats climate change by offering everyone easy access to carbon capture. To achieve this mission, Compensate combines a market-disrupting sustainability approach with scalable software solutions.

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CHEMICAL MANAGEMENT

Repeats Group invests in Daly Plastics to expand pan-European plastics recycling platform

Ara Partners | June 06, 2022

Repeats Group B.V. a pan-European plastics recycling platform focused on producing high-quality recycled low-density polyethylene announced that it has made an investment in Daly Plastics a producer of recycled LDPE located in the eastern part of the Netherlands, near Apeldoorn. Financial terms of the transaction were not disclosed. Repeats is a portfolio company of Ara Partners a global private equity firm focused on industrial decarbonization. Repeats' investment in Daly Plastics is an important step in building a pan-European plastics recycling platform. Under Repeats' leadership, Daly plans to nearly double its production capacity to meet the growing demand for recycled LDPE in Europe. The Daly investment builds on Repeats' initial base in Spain, with expansion to other European countries envisioned for later this year. Daly Plastics utilizes a mechanical process to transform plastic waste from commercial, industrial and agricultural sources into resin suitable for commercial and industrial applications. Daly Plastics, which has supplied recycled LDPE resin to leading customers for over 35 years, is led by Peter Daalder, who has worked at Daly Plastics since its creation in 1985. Mr Daalder will continue leading the Dutch operations and its expansion plans. "Daly Plastics has an outstanding reputation in the industry as a leading LDPE recycler in the Netherlands and Western Europe. We are thrilled to have Peter Daalder and his team join Repeats and look forward to building on their success to date. We see significant opportunity for Daly Plastics to continue to penetrate the Dutch and German markets while being able to serve more international clients thanks to higher-quality plastic flakes produced with the latest technology available." Greg Rung, Repeats' CEO "We are excited to partner with Repeats and Ara to further expand our operations and geographic reach," said Peter Daalder, CEO of Daly. "We share Repeats' ambition to become a leading LDPE recycler in Europe and view our efforts as mission-critical to establish a circular solution for the growing plastic waste problem in Europe." "We are very impressed with the business that Peter, his family and the entire Daly team have built," said Tuan Tran, a Partner at Ara Partners. "The Repeats platform is well positioned for rapid growth and we envision building the largest independent producer of recycled LDPE resins in Europe. Our investment in Daly Plastics will have a meaningful impact on our continuous efforts to decarbonize the European plastics market." About Repeats Based in the Netherlands, Repeats — Recycled PE AT Scale — is a pan-European plastics recycling platform transforming polyethylene ("PE") plastic waste into resin suitable for a variety of commercial and industrial flexible plastic applications. Repeats has also invested in Anviplas, a LDPE recycler based in Catalonia in December 2021. About Daly Plastics Founded in 1985 and based in Zutphen, Netherlands, Daly Plastics produces recycled LDPE from both from post-consumer and post-agricultural plastic waste which can be used in packaging applications. About Ara Partners Ara Partners is a private equity firm specializing in industrial decarbonization investments. Ara Partners invests in the industrial & manufacturing, chemicals & materials, energy efficiency & green fuels and food & agriculture sectors, seeking to build businesses that provide significant decarbonization impact. It operates from offices in Boston, Massachusetts, Houston, Texas and Dublin, Ireland. Ara Partners closed its second fund with approximately $1.1 billion in capital commitments in September 2021.

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CHEMICAL MANAGEMENT

Cavitation Technologies Inc. Expands International Operations as Alfa Laval Acquires Its Strategic Partner Desmet Ballestra

Cavitation Technologies Inc. | April 06, 2022

Cavitation Technologies, Inc. announces its plans to expand international operations as one of its key strategic partners Desmet Ballestra a world leader in edible oil and biofuel processing, was acquired by Alfa Laval (listed in Stockholm STO: ALFA and in USA OTC: ALFVY) a leading global provider of first-rate products in the areas of heat transfer, separation, and fluid handling. By signing the Agreement announced on March 31, 2022, Alfa Laval and Desmet Ballestra are no longer in competition with each other. In turn, the acquisition will strengthen CTi’s global position by opening more occasions for their proprietary Nano Reactor ®applications and business opportunities. Since 2010 CTi has granted an exclusive license to Desmet Ballestra—with exclusive rights to market, sell, and supply their technology Nano Reactor ® Systems incorporating Nano Reactor ® Devices—for the sole purpose of producing and/or processing plant oils & fats, or oleochemicals. CTI’s strategic partnership with Desmet Ballestra has been instrumental in delivering CVAT technology and systems around the world. Alfa Laval, already a global leader in the competitive edible oil and biofuel processing market with a market cap of $14.7 billion, will likely become the largest industry player after this acquisition. The merger will be executed in Q2, 2022, and will strengthen Alfa Laval's position in the renewable energy arena and beyond. Alfa Laval has 17,900 employees and its annual sales in 2021 were approx. USD 4 billion. Through the adjacent growth from Desmet being acquired by Alfa Laval, CTi is now looking to expand the relationship with combined companies and scale up its operations internationally. “We are thrilled to have an opportunity to expand our technology not only in vegetable oil refining but also in industrial and municipal wastewater treatment, pharma and biotech as well as other applicable industries,” commented Roman Gordon, Global Technology Manager & Founder of Cavitation Technologies Inc. We look forward to continuing our relationship and work with Desmet Ballestra and Alfa Laval as we anticipate accelerated global system sales in the coming months.” About Cavitation Technologies, Inc Founded in 2007, the company designs and manufactures innovative flow-through devices and systems, as well as develops processing technologies for use in edible oil refining, renewable fuel production, water treatment, and alcoholic beverage enhancement. The company's patented Nano Reactor® systems and various technologies have over 48 patents issued and filed both domestically and abroad. About Desmet Ballestra Group The Desmet Ballestra Group provides engineering and supply of plants and equipment for the following industries worldwide: Oils and Fats and Animal Feed · Detergents, Surfactants and related Chemicals · Oleochemical and Biodiesel. Desmet Ballestra's R&D Team is composed of professionals specializing in Oils and Fats, oleochemicals and chemical processes, using the most comprehensive set of technological resources and equipment. Controlled by Financière DSBG, a holding company based in Paris, France, the Desmet Ballestra Group is present in all major market areas of the world through its integrated business units located in Northern and Central America (USA, Mexico), South America, Asia & Far East (PR China, Singapore, Malaysia), India and Europe. About Alfa Laval Alfa Laval is a leading global supplier of products and solutions for heat transfer, separation and fluid handling through their key products – heat exchangers, separators, pumps and valves. Alfa Laval play

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CHEMICAL MANAGEMENT

Occidental SK Trading International sign first agreement for net-zero oil created from captured atmospheric carbon dioxide

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. About Occidental 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.

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Spotlight

If you are involved in a business that creates chemical industrial waste, it is essential that you have a waste management plan that complies with all local and federal regulations. Industrial waste can be chemical in nature, and may be hazardous. Storing or disposing of unwanted industrial chemicals can create environmental hazards, but chemical waste can be kept out of landfills through chemical repurposing.

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