SCIENCE AND RESEARCH
StePac; BASF | December 15, 2022
BASF SE and StePac Ltd. have joined forces to create the next generation of sustainable packaging specifically for the fresh produce sector. Supplying StePac with its Ultramid® Ccycled™, a chemically recycled polyamide 6, BASF will provide its partner greater flexibility to advance contact-sensitive packaging formats to a higher sustainable standard within the circular economy.
StePac, specialized in developing advanced functional packaging solutions, is pioneering the use of chemically recycled plastics for the packaging of fresh perishables. The company was recently REDcert2 certified to incorporate chemically recycled polyamide 6 into its flexible, modified atmosphere packaging products. Their two brands Xgo™ and Xtend® are based on MAP technology with built-in humidity control which effectively slows respiration inside the packaging, delays the ageing processes, inhibits microbial decay, and preserves the quality and nutritional value of the produce during prolonged storage and long-haul shipments. Ultramid Ccycled will make up 30% of the packaging material, with options for integration at a higher percentage.
"This alliance will help strike a balance between creating plastic packaging that is as eco-friendly as possible to keep fresh produce longer through more prudent use of lean plastic films. These upgraded packaging formats will continue to maintain their role of significantly reducing food waste, a most important task considering that global food waste is responsible for about 8% of anthropogenic greenhouse gas emissions."
Gary Ward, Business Development Manager of StePac
With ChemCycling™, BASF has been breaking new ground in the recycling of plastic waste. Chemical recycling primarily involves plastic waste that would have been used for energy recovery or landfilled. It complements mechanical recycling, accelerating a circular economy by yielding food-grade recycled plastic. "In a thermochemical process, our partners obtain recycled feedstock from these end-of-life plastics, which is then fed into the BASF Verbund. Using a mass balance approach, the raw material can be attributed to specific products, such as Ultramid Ccycled", explained Dr. Dominik Winter, Vice President of BASF's European polyamides business. "This helps to replace fossil raw materials and is an important step towards circularity. As chemically recycled plastics have the same quality and safety as virgin material, the scope of plastics that can be recycled for fresh produce packaging is widened."
Colombian passion fruit exporters Jardin Exotics, S.A.S. will be the first to use the new packaging brand Xgo™ Circular™. Supplied as film for horizontal form fill-and-seal, the packaging's MAP properties will slow the ripening process and preserve the quality of the fruit during the long sea voyage from Colombia to Europe. Packing at-source in the final retail packaging format also eliminates the need for repacking after arrival. For passion fruit, the combination of the produce specific modified atmosphere properties of the film together with its high-water vapor transmission rate are what makes this film unique in its performance.
At BASF, we create chemistry for a sustainable future. We combine economic success with environmental protection and social responsibility. Around 111,000 employees in the BASF Group contribute to the success of our customers in nearly all sectors and almost every country in the world. Our portfolio comprises six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care and Agricultural Solutions. BASF generated sales of €78.6 billion in 2021. BASF shares are traded on the stock exchange in Frankfurt (BAS) and as American Depositary Receipts (BASFY) in the U.S.
StePac specializes in functional packaging for fresh produce. Its globally recognized brands include Xtend®, Xgo™, Xflow™ and Xbloom™ modified atmosphere / modified-humidity packaging solutions. These solutions reduce weight loss, slow respiration and aging, and inhibit microbial decay, while prolonging storability and shelf life. They are supported by a wealth of post-harvest expertise for enhanced performance and sustainability.
CHEMICAL MANAGEMENT, PRODUCTS AND TECHNOLOGIES
Edoc Acquisition Corp. | December 08, 2022
EDOC Acquisition Corp. a special purpose acquisition company, and Australian Oilseeds Investments Pty Ltd., an Australian proprietary company announced that they have entered into a definitive Business Combination Agreement.
Upon consummation of the transactions contemplated by the Business Combination Agreement Australian Oilseeds Holdings Limited, a newly formed subsidiary will seek to be listed on the Nasdaq Capital Markets. The outstanding shares of the Company and EDOC will be converted into the right to receive shares of Pubco. The transaction represents a post-combination valuation of $190 million ($190,000,000) for the Company upon closing, subject to adjustment.
For more than 20 years, the Company, directly and indirectly through its subsidiaries, has engaged in the business of processing, manufacturing and selling of non-GMO oilseeds and organic and non-organic food-grade oils, for the rapidly growing oilseeds market, through sourcing materials from suppliers focused on reducing the use of chemicals in consumables in order to supply healthier food ingredients, vegetable oils, proteins and other products to customers globally. The Company is committed to working with all suppliers in the food supply chain to eliminate chemicals from the production and manufacturing systems to supply quality products to customers globally. Today, the Company is the largest cold pressing oil plant in Australia, pressing strictly GMO free conventional and organic oilseeds.
The global oilseeds market is estimated at $264.87 billion in 2022 worldwide and is expected to grow to $340.44 billion in 2026 at a compound annual growth rate of 5.7%. The growing usage of oilseeds in animal feed is expected to propel the growth of the oilseed market going forward.
Oilseeds are rich in various phytochemicals such as phenolic compounds, flavonoids, tocopherols, tocotrienols, polyphenols, vitamins, minerals, protein, and fiber and are used in healthy vegetable oils, livestock feeds, medicines, biofuels, and other oleochemical industrial purposes. Oilseeds are also a rich source of oil, fatty acids, vitamins, minerals, protein, and fiber, all of which are often employed in the extraction of oil.
“Australian Oilseeds Investments is delighted to enter into a merger agreement with EDOC to help spread the awareness of chemical free non-GMO feed ingredients into the food supply chain - there is a wonderful synergy and understanding amongst EDOC shareholders that chemical residues in our farming and food supply chains are causing a number of health issues in our communities. The introduction and growth of chemical-free food ingredients and chemical free processing will provide a healthier option for all consumers … whether in Australia, America or globally. Australian Oilseeds Investments board and management look forward to working with EDOC's board and shareholders to expanding its global footprint in chemical free farming and chemical free food processing.”
Commenting on today’s announcement, Mr. Gary Seaton, Chief Executive Officer of the Company
“We are very excited to work with the Australian Oilseeds team to bring the company to a public listing on Nasdaq. Healthy food is crucial to heathy living. In addition, the sustainable regenerative farming practiced by Australian Oilseeds is good for the world.” said Kevin Chen, Chairman of the Board of Directors and Chief Executive Officer of EDOC.
The boards of directors or similar governing bodies of the Company and EDOC have unanimously approved the proposed Business Combination, subject to, among other things, the approval by EDOC’s shareholders of the proposed Business Combination, satisfaction of the conditions stated in the Business Combination Agreement and other customary closing conditions, including that the U.S. Securities and Exchange Commission completes its review of the proxy statement/prospectus relating to the proposed Business Combination, the receipt of certain regulatory approvals, and approval by The Nasdaq Capital Markets to list the securities of Pubco.
About Australian Oilseeds Investments Pty Ltd.
Australian Oilseeds Investments Pty Ltd. is an Australian proprietary company that, directly and indirectly through its subsidiaries, is focused on the manufacture and sale of sustainable oilseeds and is committed to working with all suppliers in the food supply chain to eliminate chemicals from the production and manufacturing systems to supply quality products to customers globally. The Company engages in the business of processing, manufacture and sale of non-GMO oilseeds and organic and non-organic food-grade oils, for the rapidly growing oilseeds market, through sourcing materials from suppliers focused on reducing the use of chemicals in consumables in order to supply healthier food ingredients, vegetable oils, proteins and other products to customers globally. Over the past 20 years, the Company has grown to the largest cold pressing oil plant in Australia, pressing strictly GMO free conventional and organic oilseeds.
About EDOC Acquisition Corp.
EDOC Acquisition Corp. is a blank check company organized for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. The company is sponsored by an extensive network of physician entrepreneurs across 30+ medical specialties in leading medical institutions and is led by Kevin Chen, Chief Executive Officer of EDOC.
Current Chemicals: | November 21, 2022
Current Chemicals is unveiling market-ready miniLED LCD displays with phosphor film at the Phosphors & Quantum Dots Industry Forum 2022 in San Francisco this week. These displays are high contrast and wide color gamut to deliver a best-in-class viewing experience. Current Chemicals encapsulated Current’s TriGain® KSF/PFS red phosphor and Current’s new JADEluxe™ narrow-band green (NBG) phosphor into a phosphor film and partnered with Innolux to manufacture the miniLED LCD backlight panels.
“Current Chemicals is excited to demonstrate this novel phosphor film technology for the miniLED applications of today and the microLED applications of the future. We believe our TriGain® KSF/PFS red phosphor and JADEluxe™ narrow-band green phosphor in film will make a significant impact on the advanced display market,”
Bill Cohen, Vice President and General Manager of Current Chemicals
Current Chemicals has an extensive history of innovation in phosphors and luminescent materials. Current will continue to partner with industry leaders to bring new display technologies to market. For more information on these phosphor film miniLED displays, please contact firstname.lastname@example.org.
Current’s booth will be located at the Phosphors & Quantum Dots Industry Forum, which runs from October 26-27, 2022 in San Francisco, California.
About Current Chemicals
Current Chemicals, a division of Current, is a specialty materials manufacturer with more than 70 years’ experience in high purity luminescent materials, including LED phosphors, and rare earth compounds. Current’s patented TriGain® KSF/PFS red phosphor delivers high absorption with improved reliability compared to standard KSF phosphors. TriGain® technology enables 90 CRI lighting products and LED-backlit displays with the richest, most vibrant red color available on LED. In addition to Current’s advancements in phosphors, we also support customers in chemical manufacturing as well as the development of custom materials and formulations for diverse markets.
CHEMICAL MANAGEMENT, PRODUCTS AND TECHNOLOGIES
IDTechEx | December 12, 2022
Chemical recycling of plastic waste is gaining momentum. Headlines on investments, planned expansions, and real-world product launches are all accelerating in frequency and scale. Is this market now at a stage of implementation at scale, regulatory developments, and improving tracking & accounting methodologies, or are there still necessary technology developments?
In this article, IDTechEx explores the early-stage technologies for chemical recycling and assesses the players and likely commercial impact. For an independent analysis on the chemical recycling market, see the brand new IDTechEx market report, "Chemical Recycling and Dissolution of Plastics 2023-2033".
The concept of chemical recycling is taking an end-of-life plastic back to either its monomeric feedstock or further upstream to raw materials and allowing it to re-enter the value chain at virgin-grade quality, in theory, an infinite number of times. There remains a large amount of criticism of this space, particularly concerning the economic and environmental viability, with lobbying and activism groups very prominent on both sides of the debate. As with everything, the reality is more nuanced. Are these processes the perfect solution to all our sustainable polymer needs? No. Do they have no merits whatsoever, particularly in tackling a percentage of plastic waste that mechanical recycling cannot satisfy and would otherwise end up in landfill? Also no. Of course, the sustainability conversation is broader than simply focusing on chemical recycling, but this article will leave this debate to one side and focus on the current and emerging technical solutions.
One of the more notable technology developments in a related field is hydrothermal liquefaction. Here, supercritical water and a catalyst are used to break mixed polymers into long chain hydrocarbons. One of the reported advantages is the ability to tolerate lower quality mixed material feedstocks, specifically those with a higher proportion of PVC, which is a key problem in pyrolysis. As with pyrolysis, this is not new, but young companies are gaining significant momentum, the most notable being Licella. Through joint ventures and other engagements, the core technology from Licella has progressed to strategic partnerships and planned projects with the likes of Dow, Mitsubishi Chemical, and LG Chem.
Similarly, gasification is also not a new process and has been extensively deployed to remove municipal solid waste particularly in Japan. What is changing is the idea that syngas generated need not be used for on-site energy, but rather it can be purified and converted into longer chain hydrocarbons, methanol, or ethanol. With the ability to use MSW, gasification acts as the final option for any circularity before incineration. Players are exploring this. Enerkem is one of the more notable players, and their first commercial plant opened in 2014. As of late 2022, Enerkem has a further plant under construction for 2023, and two more are being planned. It should be noted that, as with pyrolysis, although the product can re-enter the supply chain, it often does not and is instead used as a fuel.
Although not discussed in this article, other processes should not be overlooked. This varies from developing polymers with dynamic bonds to facilitate the circular economy, to the secondary recycling process for the dissolution or purification of plastics. The latter is not chemical recycling but is a promising route to achieving higher-grade materials than other mechanical routes without needing to go so far back up the value chain. This is gaining commercial activity through the likes of Trinseo, Purecycle Technologies, APK, Polystyvert, and Worn Again; as with the other processes, many of the younger technology providers can boast partnerships with major companies across the plastic value chain.
As can be seen, there are lots of scientific developments and engineering challenges in this field that should not be overlooked amongst all the noise in this field. IDTechEx has launched a leading report on the topic, "Chemical Recycling and Dissolution of Plastics 2023-2033". IDTechEx are independent and have provided a comprehensive overview of the market, including interview-based player profiles, technology appraisals and 10-year market forecasts.
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