CHEMICAL TECHNOLOGY

KBR and Petron Scientech Inc Sign Alliance Agreement to License Sustainable Technologies

KBR | August 03, 2021

KBR and Petron Scientech Inc. (PSI) announced today that they have signed an alliance agreement to license differentiated, energy-efficient, and sustainable technologies for renewable chemicals production.

Under this agreement, KBR will be the exclusive licensor for PSI's Ethylene Oxide / Ethylene Glycol (K-MEG℠), Alcohol Dehydration (K-SEET℠) and Maleic Anhydride (Max-Leic℠) technologies, which are used to convert ethanol into ethylene and further derivative chemicals used in a wide range of industry and consumer products.

PSI has developed these technologies over the past 30 years and is recognized as a leader in renewable ethanol and ethylene value chains and biorefineries. KBR will license these technologies and provide engineering services for new biorefineries as well as integrating the technologies in existing refineries and petrochemical plants to offer sustainable alternatives.

"We are excited to announce the alliance agreement with PSI for these differentiated ethanol and ethylene value chain technologies," said Doug Kelly, KBR President, Technology. "Our collaboration will benefit clients globally and allow them to set new standards for meeting corporate ESG ambitions."

"PSI offers unique, patented, renewable, and sustainable technologies and services for broad industrial applications which are highly sought after today to reduce carbon footprint and mitigate climate change," said Yogendra Sarin, founder and CEO, PSI. "We are proud to work with KBR, who have the right experience and leadership to help advance and commercialize our technologies on a global scale."

About PSI
Petron Scientech Inc, (PSI) based in Princeton, New Jersey, is a leader in the field of integrated and hybrid biorefineries, production of ethanol from first and second generation feedstocks for gasoline additive, and industrial conversion of renewable ethanol into a variety of important chemical building blocks specifically, higher alcohols, bio ethylene, bio ethylene oxide (EO), bio ethylene glycols (MEG) and other ethylene applications.

About KBR
We deliver science, technology and engineering solutions to governments and companies around the world. KBR employs approximately 29,000 people worldwide with customers in more than 80 countries and operations in 40 countries.

Spotlight

A recent report estimates over $100 billion of the current global chemicals market, about 3%, are derived from either bio-based feedstock or fermentation or enzymatic conversion or combination of them. This report projected that the share of bio-derived chemicals would grow to about 15% of global chemical sales by 2025. A June 2009 study from the University of Utrecht, as shown in Figure 1, suggests that over 90 % of the global annual production of plastics is technically feasible for substitution by bioplastics. However, it will not be possible to exploit this technical substitution potential in the short to medium term.


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CHEMICAL MANAGEMENT

EV Manufacturer Mullen Announces Progress on Solid-State Polymer Battery Pack Development

Mullen Technologies, Inc. | February 28, 2022

Mullen Automotive, Inc. an emerging electric vehicle manufacturer, announces an update on Mullen’s next-generation solid-state polymer battery technology, which is a significant advancement over today’s current lithium-Ion batteries. Mullen’s testing of solid-state polymer cells reveals the potential for a 150-kilowatt-hour battery pack that delivers over 600-plus miles of range and highlights an 18-minute DC fast charge which can yield over 300 miles of range. Mullen is working towards utilizing solid-state polymer battery packs in its second generation Mullen FIVE EV Crossovers, with in-vehicle prototype testing set for 2025. Mullen’s first-generation FIVE EV Crossover, due in late 2024, is planned to launch with traditional lithium-ion cell chemistry. Mullen is also conducting extensive research and development into other advanced battery technologies, including lithium-sulfur and lithium-iron-phosphate. Mullen's ultimate goal is to deliver EV batteries that will surpass today's existing lithium-Ion technology and offer a host of benefits such as increased efficiency, energy density, and range while also lowering the cost, weight, thermal and environmental risks. “We’ve conducted successful testing and will begin pack level development next. The test data collected shows an impressive outcome and future for solid-state batteries. To sum up, we tested our 300 Ah (ampere hour) cell which yielded 343 Ah at 4.3 volts, and the results surpassed all expectations. We can say with almost certainty that this technology, once implemented on the Mullen FIVE, will deliver over 600 miles of range on a full charge. The future is bright for Mullen Automotive.” David Michery, CEO and chairman of Mullen Automotive Mullen has recently announced a string of key partnerships with hofer powertrain, Comau, ARRK, Dürr, and DSA Systems for EV powertrain, engineering, manufacturing, vehicle production systems, and over-the-air (OTA) and vehicle system diagnostics, respectively. The Company expects these strategic developments to play a crucial role in bringing the FIVE to market with the latest technology and in the shortest amount of time. Mullen FIVE was also named "Top Zero Emission SUV" as part of the ZEVA® Awards at the Los Angeles International Auto Show in November 2021, where the vehicle made its debut. The FIVE is built on an EV crossover skateboard platform that offers multiple powertrain configurations and trim levels in a svelte design that is “Strikingly DifferentTM” and exciting to experience in person. Learn more about the Mullen FIVE at MullenUSA.com. About Mullen Mullen is a Southern California-based automotive company that owns and partners with several synergistic businesses working toward the unified goal of creating clean and scalable energy solutions. Mullen has evolved over the past decade in sync with consumers and technology trends. Today, the Company is working diligently to provide exciting EV options built entirely in the United States and made to fit perfectly into the American consumer’s life. Mullen strives to make EVs more accessible than ever by building an end-to-end ecosystem that takes care of all aspects of EV ownership.

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CHEMICAL MANAGEMENT

EY joins Alliance to End Plastic Waste, enhancing measurement through deep cross-sector experience

EY | April 28, 2022

The EY organization has joined the Alliance to End Plastic Waste, alongside more than 90 companies, project collaborators, allies and supporters who are committed to ending plastic waste in the environment. EY experience across chemicals, manufacturing, supply chain and finance, will help the Alliance develop more effective environmental, social and governance (ESG) measurement criteria for its work on the ground, which will help the Alliance to catalyze funding for Alliance-led projects. Clear and consistent metrics will form the foundation of sustainable, commercially viable business models that can be scaled for greater impact. Along with its global network of members and partners, the Alliance has built a portfolio of over 35 ongoing projects in 29 countries to support the transition to a circular economy for plastics. The focus is on testing and accelerating solutions to improve the collection, sorting, processing, and recycling of plastic waste – because three billion people worldwide still do not have access to proper waste management services. EY work will contribute to developing innovative and self-sustaining infrastructure systems that can be owned and operated by the communities they benefit. Dr.-Ing. Frank Jenner, EY Global Chemicals & Advanced Materials Leader, says: "Ending plastic waste is a towering ambition that requires action across all segments of society. I believe that through innovation and collaboration with the Alliance community, lasting change can be achieved. One of the key next steps is going to be unlocking the necessary investment in circular, innovative, and viable solutions already adopted by the Alliance. If the right metrics are in place and project performance is consistently measured, it is possible to prove that success can be replicated, thereby attracting greater investment and accelerating progress toward ending plastic waste for good." Steve Varley, EY Global Vice Chair – Sustainability, says: "Collective action is critical for tackling plastic waste, and EY people are well placed to help drive progress on this complex issue. The Alliance to End Plastic Waste is an important cross-industry group dedicated to real change and I'm proud that EY is joining this initiative to help scale truly innovative solutions that protect the planet." Jacob Duer, President and CEO of the Alliance to End Plastic Waste "We are honored to work with world-class organizations like EY to develop solutions that help end plastic waste in the environment. Our growing network reaffirms the importance of collective action to address this complex challenge on multiple fronts, while keeping our eye on the goal of achieving full circularity, augmented by practical measures in the interim. We look forward to working closely with EY to accelerate scalable solutions that are economically self-sustaining." About EY EY exists to build a better working world, helping create long-term value for clients, people and society and build trust in the capital markets. Enabled by data and technology, diverse EY teams in over 150 countries provide trust through assurance and help clients grow, transform and operate.

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CHEMICAL MANAGEMENT

Hanwha Solutions' phthalate-free plasticizer Eco-DEHCH offers answer to growing demand for harmless plastics.

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," Hanwha Solutions "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.

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CHEMICAL TECHNOLOGY

Verra Opens the Door to Engage Blockchain Climate Initiatives

BICOWG | December 28, 2021

The Blockchain Infrastructure Carbon Offset Working Group applauds the Dec. 15 announcement of a Legal Due Diligence Questionnaire for Related Instruments by The Verified Carbon Standard a universally accepted standard for certifying carbon emissions reductions. "As pioneers in the crypto carbon space, it's encouraging to see this announcement from Verra — it is truly a dream come true. I imagine we're not far off from Verra adopting blockchain tech in a meaningful capacity," said Joshua Bjiak, CTO at Creol The move by Verra opens the door to tokenizing officially sanctioned units and heralds a new day for close collaboration between the traditional carbon market space and the decentralized climate finance community. BICOWG and its member organizations look forward to supporting this collaboration and furthering the critical work to combine "the best of the carbon market" and the "best of crypto" to achieve effective climate action at a massive scale. Joseph Pallant, founder of Blockchain for Climate Foundation, stated, "We've seen the carbon market develop excellent carbon offset standards, protocols, and projects over more than 20 years. The opportunity to ever more securely and transparently bridge these off-chain environmental assets onto the blockchain creates a win-win, enabling crypto projects to incorporate real carbon offsets, thereby funding proven, verified climate action on the ground, around the world." There's been significant growth in new projects working proactively to beat climate change through generation, purchase, and retirement of carbon credits, including Klima DAO, Regen Network, Toucan Protocol, Blockchain for Climate, and others. Moves by traditional carbon market leaders like Verra to extend their diligence and expertise into the blockchain space will enable further growth of on-chain carbon market. This year's exponential growth of innovative blockchain and climate projects was made possible by the committed efforts of early pioneers. Looking ahead to 2022, BICOWG is buoyed to see the growing pathways for collaboration between these two spaces, and the impetus to weave in additional initiatives together in the spirit of halting the destruction brought in by climate change. Gregory Landua, CEO of Regen Network Development, stated, "By embracing emerging standards like IBC Verra and other pillars can lead the way towards scaling, transparency, and governance needed to reverse atmospheric carbon accumulation. The agile DAOs and Web3 teams building open source tools and the existing institutions are natural allies in the emerging regenerative finance movement." About BICOWG: Blockchain Infrastructure Carbon Offset Working Group is a coalition of blockchain protocols, projects, and nonprofits working together to explore carbon measurement methodology and incentivize carbon markets. Core working group members include Regen Network, Klima DAO, Toucan, SZNS, FungyProof, F2Pool/Stakefish, Blockchain for Climate, and Gitcoin.

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Spotlight

A recent report estimates over $100 billion of the current global chemicals market, about 3%, are derived from either bio-based feedstock or fermentation or enzymatic conversion or combination of them. This report projected that the share of bio-derived chemicals would grow to about 15% of global chemical sales by 2025. A June 2009 study from the University of Utrecht, as shown in Figure 1, suggests that over 90 % of the global annual production of plastics is technically feasible for substitution by bioplastics. However, it will not be possible to exploit this technical substitution potential in the short to medium term.

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