LG Chem’s brand value tops $3 billion, ranking fourth in global chemical scale

PULSENEWS | February 14, 2020

LG Chem’s brand value was estimated at $3.5 billion for this year, ranking fourth in the global chemical category. The South Korean chemical giant’s brand value was projected at $3.5 billion, up 4.8 percent from $3.33 billion in 2019, according to a report on top chemical companies for 2020 from British corporate valuation consultancy Brand Finance on Monday. LG Chem saw its brand value jump from $2.42 billion in 2018 to $3.33 billion last year in the Brand Finance’s chemical industry brand rankings. Its ranking this year stayed unchanged at fourth place in the category of the world`s most valuable chemicals brands. Despite the industry’s overall depression, LG Chem was able to maintain profitability in petrochemical business and growth in mainstay battery business, delivering record sales results last year.

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Global environmental concerns, the economic crisis and the need for sound job creation are major elements of the business of the day. Encouraging innovative concepts that respond to new challenges constitute an integral element of UNIDO’s Green Industry Initiative. Chemical leasing is one such important and innovative concept.


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CHEMICAL MANAGEMENT

Flowserve Announces Partnership With Gradiant to Accelerate Growth in the Water Technology Market

Flowserve | March 25, 2022

Flowserve Corporation a leading provider of flow control products and services for the global infrastructure markets, announced it has entered into a non-exclusive partnership agreement with Gradiant to help address the most challenging problems in water and wastewater treatment. Flowserve has more than two centuries of experience serving the global water industry, providing low maintenance, energy efficient pumps, valves, seals and services to both the municipal and industrial water sectors. This partnership will combine Flowserve’s flow control solutions and product expertise with Gradiant’s innovative tailored water treatment technology to provide unparalleled total water treatment solutions for our customers. Flowserve also continues to upgrade its water portfolio with market leading flow control products and solutions for the water industry. Recent additions include the H2O+ submersible pump, a suite of highly efficient pumps for desalination, as well as our RedRaven IoT platform, which enhances our overall solutions portfolio and aftermarket services. “As we further diversify, decarbonize and digitize to drive growth and continue to support our customers, this partnership is a tangible way we’re advancing our offerings in new geographies, new marketing applications and new technology synergies. This new partnership with Gradiant not only strengthens Flowserve’s commitment and offering to the water market, but it also supports our sustainable development goals to make the world better for everyone.” Scott Rowe, Flowserve president and chief executive officer Gradiant develops and delivers advanced water and wastewater treatment facilities around the world, with a primary focus in the rapidly growing Asia Pacific and Americas for customers with mission-critical needs in cleantech water and sustainable operations. The company offers a broad portfolio of proprietary and patented technologies and services that focus on water reuse, resource recovery, brine concentration for minimum and zero liquid discharge (MLD / ZLD), and digital solutions for plant performance optimization. Gradiant offers flexible models for the design-build, operate-maintain, and financing of projects based on customers’ specific needs and situations. “Working with a global flow control leader like Flowserve gives us access to a wider range of industry for our total solutions,” said Anurag Bajpayee, Gradiant co-founder and CEO. “This collaboration allows more rapid adoption of Gradiant’s cleantech water solutions into new market segments, leveraging Gradiant’s established project delivery resources and process expertise with Flowserve’s distribution reach.” About Flowserve Flowserve Corp. is one of the world’s leading providers of fluid motion and control products and services. Operating in more than 50 countries, the company produces engineered and industrial pumps, seals and valves as well as a range of related flow management services. About Gradiant Gradiant is a global solutions provider and developer of cleantech water projects for advanced water and wastewater treatment. Gradiant's end-to-end solutions and technology expertise enable sustainable and cost-effective treatment of the world's most important water challenges. Today, with over 400 employees, Gradiant operates from its corporate headquarters in Boston, regional headquarters and global R&D center in Singapore, and offices across ten countries. At Gradiant, we create New Possibilities for Water for our clients and the communities they serve to ensure a safer and more promising tomorrow.

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CHEMICAL MANAGEMENT

Aemetis Signs Agreement with Qantas to Supply 35 Million Gallons of Sustainable Aviation Fuel

Aemetis, Inc. | March 16, 2022

Aemetis, Inc. a renewable fuels company focused on negative carbon intensity products, announced that an offtake agreement has been signed with Qantas Group and Qantas Airlines for 35 million gallons of blended sustainable aviation fuel to be delivered over the 7 year term of the agreement. The value of the contract including incentives is approximately $250 million. Sustainable aviation fuel provides significant environmental benefits compared to petroleum jet fuel, including a lower lifecycle carbon footprint and reduced contrails. The blended sustainable aviation fuel to be supplied under this agreement is 40% SAF and 60% Petroleum Jet A to meet international blending standards. This supply agreement with Aemetis builds on Qantas’s expanding effort for a future of net zero emissions by 2050. “Climate change is front of mind for Qantas, our customers, employees and investors, and it is a key focus for us as we move through our recovery from the pandemic. Operating our aircraft with sustainable aviation fuel is the single biggest thing we can do to directly reduce our emissions.” Qantas Group CEO Alan Joyce The sustainable aviation fuel is expected to be produced by the Aemetis renewable jet/diesel plant under development on a 125-acre former U.S. Army Ammunition production plant site in Riverbank, California. The blended sustainable aviation fuel is scheduled to begin deliveries to Qantas in 2025. “The use of sustainable aviation fuel by Qantas is another step toward lowering the environmental impact of aviation,” stated Eric McAfee, Chairman and CEO of Aemetis. “Our supply of SAF to the San Francisco International Airport is supported by the California Low Carbon Fuel Standard, creating new investment and jobs in disadvantaged minority communities in the state.” Powered by 100% renewable electricity, the Aemetis Carbon Zero production plant at the Riverbank plant site is designed to sequester CO2 from the production process using injection wells, significantly reducing the carbon intensity of the renewable fuel. About Aemetis Aemetis has a mission to transform renewable energy with below zero carbon intensity transportation fuels. Aemetis has launched the Carbon Zero production process to decarbonize the transportation sector using today’s infrastructure. Aemetis Carbon Zero products include zero carbon fuels that can “drop in” to be used in airplane, truck, and ship fleets. Aemetis low-carbon fuels have substantially reduced carbon intensity compared to standard petroleum fossil-based fuels across their lifecycle. Headquartered in Cupertino, California, Aemetis is a renewable natural gas, renewable fuel and biochemicals company focused on the acquisition, development and commercialization of innovative technologies that replace petroleum-based products and reduce greenhouse gas emissions. Founded in 2006, Aemetis has completed Phase 1 and is expanding a California biogas digester network and pipeline system to convert dairy waste gas into Renewable Natural Gas. Aemetis owns and operates a 65 million gallon per year ethanol production facility in California’s Central Valley near Modesto that supplies about 80 dairies with animal feed. Aemetis also owns and operates a 50 million gallon per year production facility on the East Coast of India producing high quality distilled biodiesel and refined glycerin for customers in India and Europe. Aemetis is developing the Carbon Zero sustainable aviation fuel (SAF) and renewable diesel fuel biorefineries in California to utilize distillers corn oil and other renewable oils to produce low carbon intensity renewable jet and diesel fuel using cellulosic hydrogen from waste orchard and forest wood, while pre-extracting cellulosic sugars from the waste wood to be processed into high value cellulosic ethanol at the Keyes plant. Aemetis holds a portfolio of patents and exclusive technology licenses to produce renewable fuels and biochemicals.

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CHEMICAL TECHNOLOGY

Milberg Files Eastman Chemical Company Steam Pipe Explosion Lawsuit

Milberg Coleman Bryson Phillips Grossman PLLC | February 15, 2022

Milberg Coleman Bryson Phillips Grossman has filed a class action lawsuit in response to the Eastman Chemical Company Steam Pipe Explosion in Kingsport, Tennessee. The explosion occurred on January 31, 2022, at Eastman Chemical Company's Kingsport location, causing asbestos and other toxic materials to be sprayed into the air and spread throughout the surrounding community. Milberg attorneys Greg Coleman, Billy Ringger, Will Ladnier, Melissa Sims, Roy Mason, Ginny Whitener, and Kelsey Davies filed a class action lawsuit against Eastman Chemical Company on February 14, 2022. The complaint, filed in Sullivan County Circuit Court, includes claims for public and private nuisance, trespass, negligence, and strict liability for ultra-hazardous activity. On Sunday, Milberg attorneys, joined by Dr. Angela Hind hosted a townhall meeting in Kingsport to meet with local residents and discuss their concerns. Residents explained seeing visible debris on their properties and throughout the neighborhood, and many reported experiencing headaches, nausea, and skin rashes following the incident. Lead plaintiff Sharon Weatherly owns a home in the affected area. She says she and her neighbors were exposed to the toxic contaminants released during the explosion and claims in the lawsuit that her home and others in Kingsport have lost value as a result of this incident. The complaint alleges that Ms. Weatherly's neighborhood and much of Kingsport will be negatively affected for many years to come due to the legitimate concern and public perception that these types of incidents will continue to occur at Eastman in the future. "This is not the first instance like this committed by Eastman. Our attorneys are already working with the Kingsport community and surrounding communities to protect their legal rights. These innocent victims deserve justice. With this lawsuit we hope to help them clean up their neighborhoods and force Eastman to clean up its act." Milberg Senior Partner Greg Coleman After the explosion, Eastman did not sound an immediate alarm warning the surrounding community of the incident. Eastman also reportedly failed to request that Kingsport officials use the city's automated emergency alert system to warn those in the affected area. Eastman waited late into the evening to inform residents that the debris covering their community contained asbestos. As alleged in the complaint, Eastman's actions have put residents at unnecessary risk, affected property values, and otherwise damaged the reputation of the community. "After years fighting for cleanup workers devastated by the Kingston coal ash spill and other man-made environmental disaster victims around the country, we understand the terrible impact these events can have on the environment, wildlife, and people," said Milberg Attorney Billy Ringger. "The impacts on businesses, homeowners, and their families are likely to be felt for years." Milberg's Environmental and Toxic Torts Litigation group has helped thousands of homeowners and businesses that have been negatively affected by similar man-made disasters, including the Kingston coal ash spill, the Exxon Valdez oil spill, the BP Deepwater Horizon oil spill, and the Huntington Beach oil spill. The firm seeks to represent all persons and businesses harmed as a result of the Eastman steam pipe explosion.

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CHEMICAL MANAGEMENT

TRICORBRAUN TO ACQUIRE PB PACKAGING EXPANDING ITS PRESENCE IN AUSTRALIA

TricorBraun | April 11, 2022

Global packaging leader TricorBraun announced that it has entered into an agreement to acquire PB Packaging, a wholly-owned business of Pro-Pac Packaging Limited, expanding its presence in Australia. One of Australia's leading providers of plastic and glass packaging, PB is a one-stop shop for rigid packaging needs, serving customers in the health, industrial, food, and automotive industries. "We are excited to grow our business in Australia, offering customers expanded solutions and supply chain options. The PB Packaging team's dedication to innovation, quality, and exceptional customer service make them an ideal fit. We are pleased to welcome PB Packaging to the TricorBraun family, and we look forward to investing in its continued growth." Court Carruthers, president and CEO, TricorBraun TricorBraun established its footprint in the region with its acquisition of Cormack Packaging in September 2021. PB's current leadership team will join TricorBraun and all 140 PB team members will be offered positions with the company. Effective with the closing of the transaction, PB will operate as PB Packaging, a TricorBraun company. The company will continue to operate as a stand-alone business. "We are delighted that TricorBraun will acquire PB and that all Rigid team members will be offered positions with TricorBraun," said Tim Welsh, CEO and managing director, Pro-Pac. "TricorBraun is a natural home for the PB business, and we look forward to completing the transaction expeditiously." "Over the last 32 years, we've solidified our reputation as one of the most respected distributors of packaging materials and services in Australia," said Andrew Allsop, executive general manager, PB Packaging. We look forward to continuing our service to customers, with TricorBraun's support, resources, and investments in our growth." Since its founding, TricorBraun has partnered with management teams to successfully acquire and further accelerate growth for 34 packaging companies globally. The transaction is expected to close in the second quarter of 2022, subject to the Australian Foreign Investment Review Board approval and satisfaction of other customary completion conditions. About PB Packaging PB Packaging is the Rigid division of the Pro-Pac Group of companies, one of Australia's largest publicly listed packaging companies. Established in 1990, PB Packaging has continuously evolved to meet the varying and diverse needs of its customers, offering a comprehensive product range of locally-moulded and imported products. About Pro-Pac Packaging Pro-Pac Packaging Limited is an innovative Flexibles, Industrial Specialty Packaging and Rigid packaging company with a diversified distribution and manufacturing network throughout Australia and New Zealand. Headquartered in Melbourne, Pro-Pac delivers bespoke packaging solutions for a broad group of blue-chip and SME clients in the industrial, food and beverage, health, agriculture and manufacturing sectors. About TricorBraun Founded in 1902, TricorBraun is a global packaging leader and North America's largest distributor of primary packaging. We provide innovative solutions across a wide array of customer end markets in plastic,

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Spotlight

Global environmental concerns, the economic crisis and the need for sound job creation are major elements of the business of the day. Encouraging innovative concepts that respond to new challenges constitute an integral element of UNIDO’s Green Industry Initiative. Chemical leasing is one such important and innovative concept.

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