CHEMICAL MANAGEMENT

Italmatch Chemicals acquires Aubin Group

Italmatch Chemicals | June 29, 2022

Italmatch Chemicals
Italmatch Chemicals, a leading global specialty chemical group focused on the production and marketing of performance additives for the processing and treatment of water, oil & gas, industrial lubricants and plastics, has acquired Aubin Group from BGF, investor of equity capital in the UK and Ireland. Headquartered in Scotland, Aubin is a key strategic developer and supplier of innovative chemical solutions for the oil and gas industry and the renewable energy sector with office and warehouses across the UK and the Middle East.

The acquisition further strengthens Italmatch Chemicals' position in the oil & gas and renewable energy sectors of key strategic markets such as the Middle East, the USA, and the North Sea.

The operation will also expand Italmatch Chemicals' product portfolio with new sustainable solutions, consistent with its ESG strategy. This is a testament to the group's continued commitment to R&D projects dedicated to developing and delivering sustainable solutions for various sectors, including products for renewable energy market as well as "decommissioning" activities.

"The acquisition of Aubin Group represents another step of Italmatch Group's growth strategy in areas of interest, such as the Middle East, and in our journey of sustainability. Our company has always invested in the continuous transformation of its product portfolio, with increasing focus dedicated to sustainable and circular solutions in all the end markets it caters to, including oil & gas. Thanks to its sustainable solutions, Aubin likewise embodies excellence in the renewable energy market. This synergy will further boost our R&D efforts as a Group."

Sergio Iorio, CEO of Italmatch Chemicals Group

"Ever since its foundation 25 years ago, Italmatch has pursued a development strategy focused both on organic growth through research and innovation as well as strategic M&A" said Maurizio Turci, General Manager Corporate and CFO of the Italmatch Chemicals Group. "Now more than ever our focus is on following an approach rooted in ESG principles. Our priority is enhancing our positive impact and creating sustainable value for our clients, employees and all our stakeholders."

"Aubin is a key player in well services and technologies that complement Italmatch's portfolio. The company is also positioned to be at the forefront of the energy transition through its portfolio of innovative technology tailored to solving unique challenges. These include offshore wind developments as well as a disruptive solution to plug disused oil wells even in the harshest conditions, guaranteeing their long-term integrity and reducing their environmental impact" explained Scott Miller, Italmatch's O&G Sales & Marketing Director and recently appointed CEO of Aubin Group. "The acquisition will strengthen Italmatch's position in the Middle East, North Sea, and United States. Moreover, it will bring into the fold a world-class well services business, many highly qualified professionals and a strategically placed headquarters in Aberdeenshire with a well-equipped laboratory" concluded Miller.


Spotlight

Every year 6.4 million tons of plastic are dumped into the ocean. 100,000 marine life die each year from plastic entanglement. The Great Pacific Garbage Patch is a collection of marine debris in the North Pacific Ocean. 80% of the debris is from land-based activities in North America and China. It would take 67 ships and one year to clean up less than 1% of the North Pacific Ocean. Learn about our plastic problem and how you can lessen it’s impact on the planet


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CHEMICAL MANAGEMENT,SCIENCE AND RESEARCH

MSA Safety Unveils New Line of Firefighter Protective Clothing at Interschutz

MSA Safety | June 21, 2022

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CHEMICAL MANAGEMENT

Capra Biosciences Raises $1.8M in Pre-Seed Round for Renewable Chemical Innovations

Capra Biosciences | June 07, 2022

Capra Biosciences officially announced it has raised $1.8 million in an oversubscribed pre-seed funding round to advance their continuous-flow bioreactor technology, which changes the economics of making sustainable petrochemical replacements using biology. Capra will use the funding to build their production-scale reactor and extend its capabilities to include the production of lubricants. Located in the Prince William Science Accelerator, the company works at the intersection of biology and hardware engineering to build a new kind of continuous flow bioreactor that leverages the unique features of their platform organism. Capra Biosciences emerged from the competitive IndieBio program backed by SOSV. Pre-seed investors include Prithvi Ventures; the E14 Fund; GS Futures; Antimo’s president – Wes Osbourn; Savantus Ventures; Asymmetry Ventures; the Decarbonization Consortium; and SOSV, among others. 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Capra’s novel approach to retinol production uses biology rather than fossil fuels for production, unlike other products currently on the market. The company is also pursuing several aviation and industrial lubricants for future production phases. Like retinol, the $150B lubricant market is closely linked to petrochemicals. Capra is breaking the link to fossil fuels and providing a cleaner, more sustainable path for lubricant production. The company makes renewable products using sources of carbon that don’t compete with food sources or divert undeveloped land towards agricultural production. "Even most climate-focused VCs haven’t thought about the massive, $150B lubricants market. But they should. 20% of the world’s energy is spent overcoming friction," said Po Bronson, managing director of IndieBio and General Partner at SOSV. “All motors and all moving parts need lubricants – from robots to spacecraft, to machines and elevators. The secret is that biology can make sophisticated compounds that petroleum chemistry cannot, enabling performance characteristics that make machines last longer.” Capra's co-founder and CEO, Dr. Elizabeth Onderko, invented the company’s bioreactor technology as a postdoctoral associate at the U.S. Naval Research Laboratory (NRL) along with her advisor Dr. Sarah Glaven, federal employee Dr. Matthew Yates, and Dr. Magyar. The Capra team continues to support the development of this technology to address Department of Defense needs through a cooperative research and development agreement (CRADA). "This partnership is a prime example for how fundamental research can be developed, matured, and successfully transitioned from NRL benchtop to commercial partner. The Technology Transfer Office often facilitates these types of efforts through various mechanisms which aim to incentivize businesses and bring forth investment capital," said Dr. Stephen Deese, NRL Partnership Manager. 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About the U.S. Naval Research Laboratory NRL is a scientific and engineering command dedicated to research that drives innovative advances for the U.S. Navy and Marine Corps from the seafloor to space and in the information domain. NRL is located in Washington, D.C. with major field sites in Stennis Space Center, Mississippi; Key West, Florida; Monterey, California, and employs approximately 3,000 civilian scientists, engineers and support personnel. About the Prince William County Department of Economic Development The Prince William County Department of Economic Development offers services to support and promote existing business expansion and attract new businesses to PWC. For more information, the Department of Economic Development can be reached via email at econdev@pwcgov.org, via phone at 703-792-5500, or via fax at 703-792-5502.

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CHEMICAL TECHNOLOGY,CHEMICAL MANAGEMENT

Redwood Logistics Partners with Cloverly to Enhance Carbon Emissions Management for Customers

Redwood Logistics | July 08, 2022

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CHEMICAL MANAGEMENT

Fulcrum BioEnergy Completes $20 Million Investment With SK Innovation

Fulcrum BioEnergy, Inc. | July 13, 2022

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