Air Liquide in South Korea | December 14, 2022
Air Liquide has signed a long-term contract to supply Kumho Mitsui Chemical a world leader in the chemical industry, with additional hydrogen and carbon monoxide in South Korea’s Yeosu National Industrial Complex, where Air Liquide operates four production units. This contract will enable Air Liquide to support KMCI’s additional expansion of 200,000 tons per year production of methyl diphenyl diisocyanate. This isomer is used in the manufacture of polyurethane for high-tech materials and insulation.
Air Liquide will supply additional hydrogen and carbon monoxide to KMCI for its 50% expansion of methyl diphenyl diisocyanate production with operations commencing in 2024. To supply KMCI, Air Liquide will leverage its fourth hydrogen and carbon monoxide unit in the Yeosu complex. This latter is coupled to a CO2 recycling facility installed this year.
With this new partnership, both Groups reinforce their long standing relationship. Air Liquide’s first agreement with KMCI was signed 20 years ago in Yeosu. Since then, Air Liquide has significantly developed its industrial footprint in the Yeosu basin, culminating in the design and construction of a fourth state-of-the-art, highly efficient hydrogen and carbon monoxide plant. This unit is integrated with the three other plants with a 40 km pipeline supply network in Yeosu to ensure the highest level of safety, reliability, efficiency, and flexibility to its customers.
“With this new contract, we are honored to extend our long-term relationship with KMCI, a 20-year strategic collaboration that has enabled us to steadily build our footprint in Yeosu, a major industrial complex in South Korea, to accompany KMCI’s continued growth.”
François Abrial, Member of the Air Liquide Group’s Executive Committee supervising Asia Pacific
Air Liquide in South Korea
Air Liquide has been present in South Korea since 1996. On top of providing industrial gases and related services to major industries (petrochemical, steel, semiconductors, car manufacturing, etc), it also has a strong presence in Home Healthcare activities. It is also one of the founders and key contributors to the development of the hydrogen economy in Korea.
A world leader in gases, technologies and services for Industry and Health, Air Liquide is present in 75 countries with approximately 66,400 employees and serves more than 3.8 million customers and patients. Oxygen, nitrogen and hydrogen are essential small molecules for life, matter and energy. They embody Air Liquide’s scientific territory and have been at the core of the company’s activities since its creation in 1902.
Taking action today while preparing the future is at the heart of Air Liquide’s strategy. With ADVANCE, its strategic plan for 2025, Air Liquide is targeting a global performance, combining financial and extra-financial dimensions. Positioned on new markets, the Group benefits from major assets such as its business model combining resilience and strength, its ability to innovate and its technological expertise. The Group develops solutions contributing to climate and the energy transition—particularly with hydrogen—and takes action to progress in areas of healthcare, digital and high technologies.
PRODUCTS AND TECHNOLOGIES, RAW MATERIALS
Eurofins | December 05, 2022
Eurofins Agro Testing announces the launch of Soil Carbon Check as part of Soil Health Solutions, a new suite of testing solutions that will support the agricultural sector to transition to more sustainable farming practices. The Soil Carbon Check test will provide insights into the levels of carbon storage in fields, which supports the reduction of CO2 in the atmosphere. Through targeted soil management, farmers and growers can sequester increased levels of carbon and contribute to climate protection. Data garnered through the Soil Carbon Check test reports can be used to support sustainability claims and carbon credits, as proof of sustainable farming and as credentials for other partners in the agri-food chain.
The '4 per 1,000' initiative launched at the UN Climate Change Conference in Paris in 2015 aims to boost carbon storage in agricultural soils by 0.4% each year to help mitigate climate change and increase food security. The amount of carbon that is stored in soil is as much as three times the amount of carbon sequestered by above-ground biomass. Increasing the amount of carbon stored in soil will contribute to the reduction of global warming; the more CO2 stored in soil as organic carbon, the less CO2 that is released into the atmosphere.
Soil Carbon Check provides customers with information on how much carbon is sequestered in their soil, how stable their soil carbon is and how it can be improved, and tracks how the carbon content of soil changes over time. In addition to Soil Carbon Check, the suite of tests offered by Soil Health Solutions provide insights into physical soil health potential contaminants in soil, biological soil health and chemical soil health. Further information is available here.
About Eurofins – the global leader in bio-analysis
Eurofins is Testing for Life. Eurofins is the global leader in food, environment, pharmaceutical and cosmetic product testing, and in discovery pharmacology, forensics, advanced material sciences and agroscience Contract Research services. Eurofins is also a market leader in certain testing and laboratory services for genomics, and in the support of clinical studies, as well as in BioPharma Contract Development and Manufacturing. The Group also has a rapidly developing presence in highly specialised and molecular clinical diagnostic testing and in-vitro diagnostic products.
With over 61,000 staff across a decentralised and entrepreneurial network of 940 laboratories in 59 countries, Eurofins offers a portfolio of over 200,000 analytical methods to evaluate the safety, identity, composition, authenticity, origin, traceability and purity of a wide range of products, as well as providing innovative clinical diagnostic testing services and in-vitro diagnostic products.
The Group’s objective is to provide its customers with high-quality services, innovative solutions and accurate results on time. Eurofins is ideally positioned to support its clients’ increasingly stringent quality and safety standards and the increasing demands of regulatory authorities as well as the requirements of healthcare practitioners around the world.
In 2020 and 2021, Eurofins reacted quickly to meet the global challenge of COVID-19, by creating the capacity to help over 20 million patients monthly who may have been impacted by the pandemic with our testing products and our services and directly supporting healthcare professionals working on the front line to fight the virus. The Group has established widespread PCR testing capabilities and has carried out over 40 million tests in its own laboratories, is supporting the development of a number of vaccines and has established its SAFER@WORK™ testing, monitoring and consulting programmes to help ensure safer environments, travel and events during COVID-19.
Eurofins has grown very strongly since its inception and its strategy is to continue expanding its technology portfolio and its geographic reach. Through R&D and acquisitions, the Group draws on the latest developments in the field of biotechnology and analytical chemistry to offer its clients unique analytical solutions
CHEMICAL MANAGEMENT, SCIENCE AND RESEARCH
Flotek Industries, Inc | December 20, 2022
Flotek Industries, Inc. a leader in technology-driven specialty green chemistry solutions announced the appointment of Mr. Bond Clement to the role of Chief Financial Officer.
Mr. Clement began his career in 1993 within Arthur Andersen's assurance services group focused primarily on energy related clients. He has more than 25 years of financial and accounting experience within the energy sector. Mr. Clement served for 17 years with PetroQuest Energy Inc., which was a publicly traded exploration and production company with oil and natural gas assets located in multiple basins throughout the U.S. His various financial and accounting related management roles at PetroQuest included 12 years as the Company's Executive Vice President and Chief Financial Officer. Mr. Clement received a B.S. degree in Accounting, Cum Laude, from Louisiana State University and is a Certified Public Accountant (inactive). Mr. Clement serves on the Board of New Hope Community Development of Acadiana, an organization dedicated to breaking the generational cycle of poverty through educational initiatives.
John W. Gibson, Jr., Chairman, President, and Chief Executive Officer of Flotek said "We are excited to welcome Bond Clement to Flotek. We believe the combination of his deep energy industry expertise and a proven track record as a public company CFO positions him to immediately add value as we transition into a profitable, cash generative company."
"I am thrilled for the opportunity to join the Flotek team at such a transformational period in the Company's history. I look forward to augmenting the Company's already strong focus on achieving profitability across the enterprise, which will ultimately be the driving force behind shareholder value creation."
About Flotek Industries, Inc.
Flotek Industries, Inc. creates solutions to reduce the environmental impact of energy on air, water, land and people. A technology-driven, specialty green chemistry and data company, Flotek helps customers across industrial, commercial, and consumer markets improve their Environmental, Social, and Governance performance. Flotek's Chemistry Technologies segment develops, manufactures, packages, distributes, delivers, and markets high-quality cleaning, disinfecting and sanitizing products for commercial, governmental and personal consumer use. Additionally, Flotek empowers the energy industry to maximize the value of their hydrocarbon streams and improve return on invested capital through its real-time data platforms and green chemistry technologies. Flotek serves downstream, midstream, and upstream customers, both domestic and international. Flotek is a publicly traded company headquartered in Houston, Texas, and its common shares are traded on the New York Stock Exchange under the ticker symbol "FTK."
JIOS Aerogel | November 17, 2022
JIOS Aerogel, a leading innovator in critical components for electric-vehicle batteries, has unveiled a plan to commission a state-of-the-art factory in Singapore to produce cutting-edge technology for battery manufacturers. The facility will use a breakthrough, automated production process that was developed with the support of the Singapore Economic Development Board.
The first manufacturing equipment will be delivered to the factory in December 2022, with output from the company's Pilot Line commencing in Q1 2023. JIOS' fully automated line will be running at total capacity in Q4 2023, producing the company's range of Thermal Blade™ products that mitigate the risk of thermal runaway in the batteries of electric vehicles.
The commissioning of the JIOS Aerogel facility is supported by the EDB, a government agency under the Ministry or Trade and Industry of Singapore. EDB is responsible for strategies that enhance Singapore's position as a global centre for business, innovation and talent.
JIOS investment is in response to substantial increases in demand for its products, with automakers estimated to spend $1.2 trillion in the next 8 years on EVs, batteries, and materials. This investment to manufacture aerogel-based materials leverages multiple innovations in products and processes developed by researchers at the JIOS Innovation Centre in Singapore.
JTC: Singapore's sustainable innovation factory
The JIOS Aerogel factory will be located at the JTC Chemicals Hub, Singapore's first high-rise, multi-tenanted development designed to house companies involved in the manufacturing, blending, and of distributing chemicals. JTC is the government agency championing sustainable industrial development in Singapore.
JTC's plug-and-play solutions allow JIOS to reduce its upfront capital costs and shorten set-up time while simultaneously maintaining low overhead costs. The Chemicals Hub comes with a suite of safety-compliant features such as enhanced fire protection systems shared facilities like fire-water retention tanks and a centralized foam system.
Scaling global supply of chemicals and materials for electric vehicles
The rapid growth in electric vehicles is driving substantial opportunities for chemical and materials manufacturers, with a potential value pool of more than $20 billion by 2030, excluding battery cell chemistry.
"Establishing our manufacturing facility is the next step in our investment program, as we commercialize our product innovation and development supported by the Singapore Economic Development Board. The factory's location at JTC was chosen to support the rapid industrialization of our products, to achieve the scale and competitive cost position required by global automakers."
Andrew Stearns, CEO at JIOS Aerogel
About JIOS Aerogel
JIOS Aerogel is the world's leading manufacturer of silica aerogel powder. Founded in 2013 to pioneer a new process that dramatically lowers the cost of aerogel production, the company has progressed rapidly to prove the scalability of its technology. Since 2019 the company's joint-venture operation with a global insulation company has used its patent-protected manufacturing process to produce insulation for the industrial, oil & gas markets.
JIOS Aerogel's technology portfolio includes solutions that mitigate thermal runaway in lithium-ion batteries. These solutions address one of the key challenges in electrification, supporting the rapidly expanding markets for electric vehicles (EVs) and Energy Storage Systems. JIOS Aerogel is headquartered in Singapore and is backed by investors that include a Fortune 500®, global manufacturer.