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.
EnergySource Minerals | May 04, 2022
EnergySource Minerals today announced a new round of investment led by Schlumberger New Energy and TechMet Ltd. The Schlumberger New Energy investment includes a strategic partnership to accelerate the deployment of the ILiAD lithium extraction platform and integrate it into the front end of the process used by NeoLith Energy, a Schlumberger New Energy venture. The platform has been piloted at demonstration scale for over 6 years on a variety of real-world brines. Schlumberger will scale up testing at NeoLith Energy's pilot plant in Nevada and deploy it at a global scale.
"As the world projects a significant supply shortage of various critical minerals such as lithium, the time is particularly ripe for our Schlumberger and TechMet partnership. Simply put, we have found a way to make battery material production more efficient, economical, and sustainable. We continue to push the envelope to reduce environmental impact, which is really the obligation of the industry."
Eric Spomer, EnergySource Minerals President and CEO
EnergySource Minerals developed the ILiAD technology for its lithium extraction operation at the John L. Featherstone Geothermal Power Plant in the Salton Sea. The platform maximizes lithium extraction from brines in a closed-loop environment, delivering disruptive reduction in time, cost, and environmental impact compared with alternative methods. ILiAD is best-in-class among direct lithium extraction technologies. It is commercially ready to deploy today, dramatically reduces water footprint, does not consume reagents, demonstrates order-of-magnitude longer operating life, and highest lithium recovery rates. It also enables the development of new classes of brine resources for the production of additional minerals, such as manganese and zinc.
"Schlumberger conducted extensive research and due diligence into our operations. Its investment is a validation of our disruptive ILiAD technology and the demand for cleaner, domestically sourced lithium," added Spomer. "As well, we are delighted to add TechMet as a strategic partner. Their expertise across project development, financing, marketing and supply-chain management, together with its global network and position will bring considerable commercial and strategic value to EnergySource Minerals as we look to deploy our ILiAD technology in new markets."
Leveraging strategic alliances and technical collaborations, EnergySource Minerals has already engaged with multiple resource customers to evaluate and deploy the ILiAD technology platform worldwide. As a strategic investor and partner, Schlumberger New Energy is working closely with EnergySource Minerals in the industrialization and deployment of the platform.
"Energy Source Minerals' technology shows great promise as an efficient, economical, and environmentally friendly solution for lithium extraction from brines," said Gavin Rennick, President of Schlumberger New Energy. "We are excited by the opportunities to scale up this solution to support the increased demand for lithium, motivated by the electric vehicle industry's growth ambitions."
As the world transitions to a clean energy economy, lithium demand is increasing dramatically. Currently, lithium mining has a high environmental cost and a dependence on just a few countries worldwide. A technology change is required to leverage a broader, more sustainable resource base to address the requirements of countries committed to a cleaner future.
"We need a monumental ramp-up of lithium production to meet the global demand from EVs and the renewable energy transition," said Brian Menell, TechMet's Chairman and CEO. "EnergySource Minerals' pioneering DLE technology has the potential to scale lithium production globally while minimizing environmental impacts and we are hugely excited to be supporting the development of its first commercial operation on the Salton Sea."
About EnergySource Minerals
EnergySource Minerals is a privately held company leading the development of Project ATLiS—a premier lithium project located in Imperial County, California, United States—as well as the ILiAD technology platform, which is being developed and deployed to lithium operations worldwide.
The EnergySource Minerals team comprises leaders in industrial project development, continuous adsorption and ion exchange processes, and battery materials. A 30-year veteran of ion exchange and adsorption technology, Dr. Charles Marston has led the ILiAD technology project. Dr. David Deak (former CTO of Lithium Americas Corp, ex-Tesla) and EnergySource Minerals CTO John Featherstone provide leadership support for ILiAD and our own project development initiatives.
TechMet is a private company that invests across the Li-ion battery metal supply chain, including production, processing, and recycling. TechMet's major shareholders include the U.S. International Development Finance Corporation and the global energy trader Mercuria, and their advisory board is led by Admiral Mike Mullen, former Chairman of the Joint Chiefs of Staff under Presidents G.W. Bush and Obama.
About Schlumberger New Energy
Schlumberger is the world's leading provider of technology to the global energy industry. Schlumberger New Energy explores new avenues of growth by leveraging Schlumberger's intellectual and business capital in emerging new energy markets, with a focus on low-carbon and carbon-neutral energy technologies. Its activities include ventures in the domains of hydrogen, lithium, battery storage, carbon capture and sequestration, geothermal power and geoenergy for heating and cooling buildings.
Hanwha Solutions | January 05, 2022
With the Covid pandemic prompting a surge in plastic demand and consumers becoming more aware of its potential impacts on individual health, calls for assuring its safety are gaining more ground than ever before.
Hanwha Solutions, which aims to deliver sustainable solutions for the planet through smart energy solutions and customer-focused materials, wasted no time addressing the concern by developing harmless plastic-manufacturing material.
The Company's Chemical Division announced that it quadrupled annual production of phthalate-free plasticizer Eco-DEHCH. Up to 6.5 tons of it will be produced every year at a petrochemical industrial complex in southeastern port city of Ulsan.
Phthalate-free plasticizer using "hydrogenation"
Plasticizer is a chemical substance capable of making plastics softer, and phthalate is one of the most common materials to achieve it. However, phthalate-based plasticizer has often been blamed for disrupting the hormone system and thus been restricted from toys and furniture.
Eco-DEHCH is one of the most recognized phthalate-free plasticizer developed by a research team at Hanwha Chemical, providing eco-friendly alternative for hazardous dioctyl phthalate (DOP) and less-harmful but less-effective terephthalate like dioctyl terephthalate (DOTP).
Adding hydrogen to DOTP plasticizer, Eco-DEHCH manages to remove phthalate-inducing material from its chemical structure altogether. Only a few industrial leaders acquire the hydrogen-added mixture technology, also known as hydrogenation
With a faster absorption rate and lower quantity requirement, it costs less than other phthalate-free plasticizers to be manufactured. Eco-DEHCH also has high resistance to heat and cold, making it ideal for use in outdoor products.
Certified by regulators from US and EU
The efforts are also underway to ensure its safety from health authorities around the world. In 2017, the US Federal Food and Drug Administration (FDA) granted permission to Eco-DEHCH for use in plastic wraps, bottle caps and other food-related products.
In 2019, It passed a safety test for EU regulations on Food Contact Materials, which determine the safety of packaging materials and kitchen utensils, and Zero Discharge of Hazardous Chemicals assessment by NSF International, a global public health and safety organization.
"As pandemic-stricken households spend more money than before decorating their houses with brand-new wallpapers and flooring materials, the need for eco-friendly plasticizers continues to grow around the world,"
"By expanding the production of Eco-DEHCH, we are hoping to deliver sustainable solutions to increasing plastic consumption and fulfill global standard for environmental, social and governance (ESG) mandate."
Hanwha Solutions' ESG mandate: No more DOP production and declaring RE-100
Given the growing need for observing the ESG mandate around the world, Hanwha Solutions' Chemical Division is seeking to completely halt its production of phthalate-based plasticizer DOP within 2022.
The material is classified as hazardous material by Registration, Evaluation, Authorization and Restriction of Chemicals, EU regulations governing the manufacture and import of chemical substance.
The company is also planning to use green electricity produced from renewable energy sources such as solar and wind. The "Renewable Energy 100 percent" pledge will be applied to Eco-DEHCH production within 2022.
It also vowed to reduce carbon emissions to zero with its advanced technologies, ranging from high-efficient solar panels, and electrolysis-based green hydrogen to mixed hydrogen combustion technologies.
"Moving forward, the fate of the companies will falter if they are not fully committed to carbon neutrality," said Hanwha Solutions. "Based on advanced climate technology using solar, wind and hydrogen energy, we will accelerate our efforts to fulfill net-zero pledge before 2050."
About Hanwha Solutions.
Hanwha Solutions aims to deliver sustainable solutions for the planet through smart energy solutions and customer-focused materials. The Company operates its business through five divisions: Q CELLS, Chemical, Advanced Material, Galleria and City Development. The Q CELLS Division offers total energy solutions from photovoltaic module manufacturing, power plant operation to electricity retailing service. The Chemical Division, the first in Korea to produce polyvinyl chloride (PVC), manufactures various petrochemical products and eco-friendly plasticizers. The Advanced Materials Division produces high-tech materials for automotive, photovoltaic and electronic devices. The Galleria Division, an operator of premium department store chain, provides premium fashion and food services. The City Development Division is a leading real estate developer specializing in industrial complexes. With its innovative technologies for sustainable growth, Hanwha Solutions strives to become a global leader in bringing a better future for humanity.
Six Pines | December 17, 2021
Six Pines Investments LLC, a wholly-owned, sustainable investment subsidiary of Chevron Phillips Chemical Company LLC announced its equity investment in two leading circular plastics recyclers, Nexus Circular LLC and Mura Technology Ltd.
In October 2020, CPChem announced success in its first commercial scale production of polyethylene using advanced recycling technology. The company markets its new circular polyethylene under the name Marlex® Anew™ Circular Polyethylene and is working toward an ambitious annual production goal of 1 billion pounds of circular polyethylene by 2030.
Mura and Nexus are leading plastics recyclers that convert waste plastics into high quality feedstock used in advanced recycling technologies to produce circular plastics. These strategic investments made from its Six Pines subsidiary reflect CPChem’s commitment to foster innovation and accelerate the transition to a circular economy for plastics.
“We are excited about the capabilities and opportunities at Mura and Nexus. We share a common goal to keep plastic waste out of the environment. Waste plastics should not end up in the environment, as they can be sustainably recycled to create new plastics again and again. Investing in Nexus and Mura will accelerate our efforts to produce Marlex® Anew™ Circular Polyethylene and the expansion of our circular product portfolio.”
Benny Mermans, vice president of sustainability at CPChem
Plastics are life-enriching products that are essential for our future; however, the plastic waste challenge must be addressed. CPChem believes that solving the global problem of plastic waste will require innovation, investment and cooperation throughout the entire plastics value chain. Six Pines’ investments advance CPChem’s ambition to reduce waste and reuse valuable resources, accelerating change for a sustainable future.
About Six Pines
Six Pines Investments LLC is a wholly-owned, sustainable investment subsidiary of Chevron Phillips Chemical Company LLC one of the world’s top producers of olefins and polyolefins and a leading supplier of aromatics, alpha olefins, styrenics, specialty chemicals, plastic piping and polymer resins. With approximately 5,000 employees, CPChem and its affiliates own more than $17 billion in assets, including 31 manufacturing and research facilities in six countries. CPChem is equally owned indirectly by Chevron Corporation U.S.A. Inc. and Phillips 66 Company, and is headquartered in The Woodlands, Texas.
Nexus is the leading operational, commercially scaled converter of waste plastics to feedstocks, which in turn are converted back to virgin plastics. Nexus is rapidly rolling out plants globally with a limited set of partners ready to move quickly and with purpose to address the plastics waste problem, for which many seek a real, proven solution today. The process is an environmentally friendly (no wastewater, nor air issues) end-to-end business, including engineering, software, front-end waste plastic sorting, all regulatory requirements /ISCC Plus certification, training/safety, and strategic pricing/positioning, guided by financially driven metrics. Operational and economically proven, Nexus has produced and shipped consistent, on-spec tanker loads of products to large global partners who blend it in their current streams and convert to virgin plastics. Nexus is located in Atlanta, Georgia.
Mura Technology intends to become the world’s leading producer of recycled hydrocarbons, creating a circular economy for plastic, whilst helping to decarbonize the petrochemical industry and eliminate global plastic pollution. We are pioneering a scalable process to divert waste plastic away from incineration, reduce carbon emissions and prevent millions of tons of plastic from entering the natural environment every year, turning the $120 billion lost resource of plastic waste into a valuable global commodity.