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."
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.
Sonoco Products Company | June 27, 2022
The first HolyGrail 2.0 sorting prototype was successfully validated in March this year following semi-industrial trials, using NIR and digital watermarks detection to sort packaging waste with a 99 percent detection rate and the potential to develop new, more granular post-consumer recycling streams.
The Digital Watermarks Initiative HolyGrail 2.0, driven by AIM – European Brands Association, and powered by the Alliance to End Plastic Waste, has the goal of assessing whether the digital watermarks technology can enable better sorting and higher-quality recycling rates for packaging in the EU. Today, more than 160 partners across the value chain are working together to refine and commercialize this concept. Sonoco, one of the largest global sustainable packaging companies, is a member of the HolyGrail 2.0 initiative to prove the viability of digital watermarking for sorting packaging waste and the business case at scale, likely with global implications.
Trials in Copenhagen found that using digital watermarks on packaging resulted in 98 - 100 percent being correctly detected, with a subsequent total ejection rate of 90 - 100 percent. During the live trial in a mix of five different packaging types of various brands, 96 percent of Sonoco’s rigid paper containers were correctly detected and ejected. This demonstrates an additional approach to sort Sonoco’s EnviroCan™ rigid paper containers into the paper recycling stream.
“At Sonoco, we recognize the critical importance of developing sustainable packaging solutions that will protect and preserve our planet for future generations. We are proud to be a member of the HolyGrail 2.0 initiative and are pleased with this successful trial to further our sustainable packaging portfolio. We are committed to advancing sortation and recycling of packaging of all types.”
Jeff Schuetz, Staff Vice President, Consumer Technology
Imperceptible postage stamp sized, digital watermarks on packaging aim to make it possible to effectively sort the material into specific waste streams. Conventional sorting technologies are not able to reliably identify multi-material packaging, so they can end up in the wrong recycling streams or drop to the refuse stream all together. With this new digital watermarking technology, it becomes possible to separate materials more accurately into distinct streams, even in cases of multi-material packaging. It is even possible to distinguish between packaging coming from food and non-food applications, which becomes increasingly important for the use of recycled material in new packaging. With the trials in Copenhagen, Sonoco can show high compatibility of its rigid paper containers using this technology across all sizes and material specifications.
Founded in 1899, Sonoco is a global provider of consumer, industrial, healthcare and protective packaging. With net sales of approximately $5.6 billion in 2021, the Company has approximately 22,000 employees working in more than 300 operations in 32 countries, serving some of the world’s best-known brands in some 85 nations. Sonoco is committed to creating sustainable products, services and programs for its customers, employees and communities that support our corporate purpose of Better Packaging. Better Life. The Company ranked first in the Packaging sector on Fortune’s World’s Most Admired Companies for 2022 as well as being included in Barron’s 100 Most Sustainable Companies for the third consecutive year.
Oberon Fuels | July 01, 2022
Oberon Fuels a maker of products that reduce greenhouse gas emissions of major energy sectors, has joined both the World Biogas Association and Liquid Gas Europe as Oberon continues to build upon its work in Europe and around the world.
Oberon has developed a straightforward ‘here-now’ way to slash the CO2 emissions of the global Liquefied Petroleum Gas industry through the production of renewable dimethyl ether. Because rDME can be stored, transported and dispensed using existing LPG vehicles and equipment, it can be readily blended with fossil LPG to reduce carbon emissions by up to 60 percent. The intersection between rDME made from biogas and the LPG industry is a key reason for Oberon to join these trade associations.
The EU consumes about 48 billion liters of LPG per year, of which an estimated 3.8 billion liters (1 billion gallons) are imported from Russia. Oberon Fuels can enable European countries to produce fuels from local renewable biomass with no indirect land use impacts while reducing the need to import foreign energy resources. To help meet the goals of the EU Green Deal, the EU market is ready for new approaches to decarbonizing a range of major uses including transport, heating and agriculture.
Oberon’s interest in expanding into Europe and other global markets is intended to accelerate commercial adoption of rDME with near-term market trials leading to deployment of multiple commercial-scale production plants. Oberon already has strategic collaborations with leaders around the world including Suburban Propane (US) and South America-based Lipigas. Oberon executives were in Switzerland recently presenting at the International DME Association’s annual event, and company CEO Rebecca Boudreaux, Ph.D., spoke earlier today at the European Liquid Gas Congress event in Barcelona.
About Oberon Fuels
California-based Oberon Fuels is on a mission to decarbonize the fuel and energy sectors through the commercialization of renewable dimethyl ether. Oberon’s low or carbon-negative rDME can reduce the carbon intensity of propane by up to 60 percent when blended, offering potential reductions in global CO2 of 750 million metric tons per year. rDME’s characteristics also makes it a compelling means for transporting hydrogen for its myriad, fast-growing applications.
KIRCO | May 17, 2022
KIRCO announced the development and construction completion of Wacker Chemical Corporation's new Innovation Center and Regional Headquarters in Ann Arbor. WACKER – a pioneer and global leader in chemical R&D and manufacturing – held a ribbon-cutting ceremony and grand opening last week, which was attended by Michigan Governor Gretchen Whitmer, along with several other state, county and township officials.
Covering 18 acres at 4950 S. State Rd., the technology campus serves as the hub of leadership and innovation for WACKER's North and Central Americas (NCA) region. The center currently houses more than 200 team members, including the company's NCA senior leadership team, the region's leading chemists, IT and other technical experts, along with support functions.
WACKER partnered with KIRCO as their developer and contractor, leading the journey through site selection, design, capitalization and construction. The 140,000 square-foot campus broke ground in late 2020, and despite commencing amid the COVID-19 pandemic, WACKER team members moved in 19 months later.
The more than $50 million investment allows WACKER chemists, scientists and senior leadership, who previously worked out of separate Michigan locations, to collaborate and innovate in a single, dynamic environment. Equally important, the facility provides room for the growth expected by the global leader in silicones, polymers, polysilicon and biosolutions. The innovation center includes world-class labs, a full-service cafeteria, a 24/7 fitness center and open collaborative workspaces.
"The campus is truly inspiring, and we are honored to have partnered with WACKER in creating a built environment as dynamic as their culture. WACKER has made an extraordinary investment in its people, marking a huge win for Pittsfield Township/Ann Arbor and the State of Michigan," said Quinn Kiriluk, executive vice president, Corporate Real Estate and chief marketing officer for KIRCO. "Amid the challenges of the pandemic, our teams lead by Matt Milliken (KIRCO MANIX) and Greg Brabec, worked seamlessly to advance design development, obtain site plan approvals and commence work. In the end, we completed construction of this state-of-the-art facility effectively on schedule and within budget, a testament to the team's hard work and dedication."
"KIRCO MANIX proved throughout the process to be a trusted and reliable partner. Even in the face of numerous challenges, including the pandemic and supply chain disruptions, we are able today to celebrate the journey and proudly open our building with excitement and positivity reflected in the faces of our employees, visitors and honored guests."
Greg Brabec, director of Government Affairs and Special Projects for WACKER and project lead of the Innovation Center
According to Kiriluk, KIRCO has gained national recognition for developing and building corporate headquarters, laboratories and R&D, and advanced manufacturing facilities, and brings a unique solution to its corporate real estate clients. With in-house development, construction and facility management services, their vertically integrated approach and relentless attention to detail offers clients a single point of accountability and a truly enjoyable journey.
Founded in 1974, KIRCO is a commercial real estate development and investment firm, whose comprehensive offerings as a national developer, builder, and facilities manager, builds excitement and pride with every customer and community with whom it works. KIRCO has concentrated focuses in client-driven corporate facilities, senior living and healthcare. KIRCO is third-generation family owned and operated, spanning 17 states.