CHEMICAL MANAGEMENT

Maersk Deals with Proman to Supply Green Methanol

Proman AG; Maersk | March 11, 2022

Proman and Maersk have joined hands to develop and identify green methanol supply solutions. As a result, a new cooperation agreement has been made for Maersk's new methanol-fuelled container vessels. As part of the agreement, Proman aims to supply Maersk with 100,000 – 150,000 tonnes per year of green methanol from its further 200,000 tonnes per year methanol facility in North America. Proman will initiate the project with targets to begin operations in 2025. The project will produce bio-methanol from non-recyclable forestry residues and municipal solid waste. 

Besides this, Proman and Maersk will collaborate on developing global projects to produce and deliver green methanol for Maersk's vessels. Proman will use its expertise across the methanol value chain to optimize global supply at Maersk's key bunkering ports. The collaboration will also share operational and technological best practices to drive shipping sustainability.

With this project, Proman will be evaluating multiple bio-methanol and e-methanol projects in Europe, South America, and the United Kingdom. In addition, Maersk and Proman will explore it as part of a longer-term green methanol supply strategy, mainly for the shipping industry.

"Maersk's industry-leading commitment to green methanol is fully aligned with Proman's belief that methanol should be a key part of the energy transition. Methanol-powered vessels are already in use today, with a proven track record of reducing and eliminating major emissions like particulate matter and sulphur oxides. We are excited to bring our deep industry experience to help deliver on Maersk's bold ambitions, working together to deliver green methanol and clean shipping at a global scale."
Proman Chief Executive, David Cassidy

Henriette Hallberg Thygesen, CEO of Fleet & Strategic Brands, A.P. Moller – Maersk, also says, "To transition towards decarbonization, we need a significant and timely acceleration in the production of green fuels. Green methanol is the only market-ready and scalable, available solution today for shipping. Production must be increased through collaboration across the ecosystem and around the world. That is why these partnerships mark an important milestone to get the transition to green energy underway.”

In the end, Proman and Maersk's agreement will also produce green methanol. Furthermore, it will emphasize the importance of methanol being is one of the most viable fuels to meet the urgent challenge of maritime decarbonization. Therefore, the announcement will enable the methanol industry

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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

MSA Safety Incorporated a global leader in firefighter safety equipment and technology, marked the opening of Interschutz 2022 with the unveiling of a new line of firefighter protective clothing (FPC) that is specifically designed to meet the needs of firefighters in Germany, the Netherlands and across continental Europe, offering enhanced comfort and compatibility with MSA's advanced safety equipment and solutions. Called the MSA® Bristol X4, the new line of FPC integrates MSA Bristol's expertise in creating high-performance protective clothing with MSA's market-leading experience in firefighting technologies and connected solutions. The result is a range of new FPC options that provide enhanced comfort, ergonomics and full compatibility with MSA's suite of state-of-the art firefighter equipment, from helmets and self-contained breathing apparatus (SCBA), to the very latest in monitoring accountability and communication devices. "The development of the MSA® Bristol X4 line represents a great new addition to the MSA portfolio of innovative safety solutions for firefighters. We're excited to be back at Interschutz because we will be able to demonstrate how the new X4 line of FPC integrates with other MSA products to provide additional capabilities for use in extreme environments." Bob Leenen, President of MSA's International Business Segment Working seamlessly with the company's iconic Gallet F1XF structural helmet and the industry-leading M1 SCBA, both of which are widely used among fire services across continental Europe, the MSA Bristol X4 has been created with input from hundreds of firefighters in Germany and the Netherlands to deliver a solution designed for these specific markets. As an example, the German fire service market requires an Integrated Harness System and Drag Rescue Device. To meet this need, the X4's Integrated Harness System offers added safety when working at heights. The X4 jacket features an integral belt, lanyard and carabiner that can be easily accessed via a pocket and flap. The Drag Rescue Device, accessed from the upper back of the jacket and via a pocket near the knee, can be used to carry or pull a downed firefighter to safety in an emergency. In the Netherlands, firefighters expressed the need for stronger kneepads for comfort when crawling or operating in confined spaces, and special reflective elements for additional visibility. To address this customer preference, MSA Bristol designers incorporated ergonomic shaping and a streamlined fit, reducing bulk and weight, all while maintaining full range of motion. Jason Traynor, General Manager of MSA's Global Fire Service Products, noted that with the launch of the new X4 line, MSA is now able to provide a full line of fire service products to firefighters Germany, the Netherlands and throughout continental Europe. "We will continue to listen to the needs of our customers and develop the innovative products and solutions they want – and need, he said." The X4 line is manufactured with the latest high quality fabric combinations from leading fiber and fabric manufacturers, including WL Gore, PBI Performance Products and Hainsworth. The line has been designed to meet the requirements of CEN standard EN469 Level 2, is available in a wide range of color combinations to suit regional preferences, and can be customized with a selection of optional pockets and loops to accommodate specific equipment. As a global leader in innovative firefighter safety equipment and technology, MSA Safety will also showcase its Connected Firefighter Platform – a suite of advanced safety technologies that work in concert to significantly improve firefighter monitoring, accountability and communication. Two key components of the Connected Firefighter Platform are the LUNAR® Connected Device and MSA's FireGrid® software services. A multifunctional handheld device, LUNAR provides personal thermal imaging and several other innovative features that are designed to enhance firefighter safety and accountability. These innovations include MSA's proprietary Firefighting Assisting Search Technology (F.A.S.T.) network, which alerts and guides teammates to downed team members. In addition, cloud connectivity provides incident command with an overview of on-scene operations by aggregating data from other MSA devices, such as the M1 breathing apparatus. In use, it can transmit key self-contained breathing apparatus (SCBA) information such as cylinder air pressure, battery status and various alarm indicators. FireGrid gives incident commanders the ability to evaluate and manage multiple situations in real time and from any location.

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CHEMICAL MANAGEMENT

Sonoco Participates in European Recycling Trials That Show Digital Watermarking Yields Accurate Container Sortation Results

Sonoco Products Company | June 27, 2022

The first HolyGrail 2.0 sorting prototype was successfully validated in March this year following semi-industrial trials, using NIR and digital watermarks detection to sort packaging waste with a 99 percent detection rate and the potential to develop new, more granular post-consumer recycling streams. The Digital Watermarks Initiative HolyGrail 2.0, driven by AIM – European Brands Association, and powered by the Alliance to End Plastic Waste, has the goal of assessing whether the digital watermarks technology can enable better sorting and higher-quality recycling rates for packaging in the EU. Today, more than 160 partners across the value chain are working together to refine and commercialize this concept. Sonoco, one of the largest global sustainable packaging companies, is a member of the HolyGrail 2.0 initiative to prove the viability of digital watermarking for sorting packaging waste and the business case at scale, likely with global implications. Trials in Copenhagen found that using digital watermarks on packaging resulted in 98 - 100 percent being correctly detected, with a subsequent total ejection rate of 90 - 100 percent. During the live trial in a mix of five different packaging types of various brands, 96 percent of Sonoco’s rigid paper containers were correctly detected and ejected. This demonstrates an additional approach to sort Sonoco’s EnviroCan™ rigid paper containers into the paper recycling stream. “At Sonoco, we recognize the critical importance of developing sustainable packaging solutions that will protect and preserve our planet for future generations. We are proud to be a member of the HolyGrail 2.0 initiative and are pleased with this successful trial to further our sustainable packaging portfolio. We are committed to advancing sortation and recycling of packaging of all types.” Jeff Schuetz, Staff Vice President, Consumer Technology Imperceptible postage stamp sized, digital watermarks on packaging aim to make it possible to effectively sort the material into specific waste streams. Conventional sorting technologies are not able to reliably identify multi-material packaging, so they can end up in the wrong recycling streams or drop to the refuse stream all together. With this new digital watermarking technology, it becomes possible to separate materials more accurately into distinct streams, even in cases of multi-material packaging. It is even possible to distinguish between packaging coming from food and non-food applications, which becomes increasingly important for the use of recycled material in new packaging. With the trials in Copenhagen, Sonoco can show high compatibility of its rigid paper containers using this technology across all sizes and material specifications. About Sonoco Founded in 1899, Sonoco is a global provider of consumer, industrial, healthcare and protective packaging. With net sales of approximately $5.6 billion in 2021, the Company has approximately 22,000 employees working in more than 300 operations in 32 countries, serving some of the world’s best-known brands in some 85 nations. Sonoco is committed to creating sustainable products, services and programs for its customers, employees and communities that support our corporate purpose of Better Packaging. Better Life. The Company ranked first in the Packaging sector on Fortune’s World’s Most Admired Companies for 2022 as well as being included in Barron’s 100 Most Sustainable Companies for the third consecutive year.

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CHEMICAL MANAGEMENT

ExxonMobil Details Plans to Lead in Earnings and Cash Flow Growth, Energy Transition

ExxonMobil | March 03, 2022

ExxonMobil today detailed plans at its annual Investor Day to deliver industry-leading earnings, cash flow growth and shareholder returns, and lead in the energy transition across a range of lower-emissions scenarios. “We are focused on leading the industry in safety, reliability, environmental performance, earnings and cash flow growth – and ultimately shareholder returns. We’ll continue to innovate and provide solutions that meet the growing needs of society, including its net-zero emissions ambitions, by fully leveraging our competitive advantages of scale, integration, technology, functional excellence, and our highly skilled people.” Darren Woods, chairman and chief executive officer Company plans include annual structural reductions of $9 billion a year by 2023 compared to 2019, building on $5 billion annual structural reductions achieved to date. These savings and other improvements, including a streamlined organizational structure, will enable ExxonMobil to double earnings and cash flow potential by 2027 versus 2019, reduce breakeven costs by roughly $10 per barrel, boost returns on capital employed, and sustainably grow total shareholder returns and distributions. Full-year 2021 results of $23 billion in earnings and $48 billion in cash flow from operating activities were the highest among competition and demonstrate how structural improvements, combined with focused investments during the down cycle, positioned the company to realize the full benefit of the economic recovery. The 2021 results enabled repayment of about $20 billion in debt -- nearly all of the debt borrowed during the pandemic downturn, the 39th consecutive year of dividend increases, and a $10 billion share-repurchase program that started earlier this year. To improve future earnings, ExxonMobil is upgrading its portfolio with low-cost-of-supply opportunities by investing in advantaged assets, including Guyana and the U.S. Permian Basin. It is also investing in competitively advantaged chemicals and downstream projects, including Gulf Coast Growth Ventures, to grow high-value product sales of performance products and lubricants. The company expects capital investments of $21-$24 billion in 2022 and $20-$25 billion per year through 2027. These investments are directed toward low-cost-of-supply Upstream projects in unconventional, deepwater and LNG, and high-value products including chemical performance products, biofuels and lubricants in the new Product Solutions business, which will combine downstream and chemical operations into a single company on April 1. Spending plans also include more than $15 billion over the next six years to reduce greenhouse gas emissions in company operations and for investments in lower-emission business opportunities to help customers reduce emissions and generate attractive returns for shareholders. “Investment in emission-reduction opportunities will accelerate with advances in technology, market incentives and supportive policy,” said Woods. “We’ve built a portfolio with flexibility to adjust investments between our traditional oil, gas and products business and new lower-emissions opportunities, consistent with the pace and scale of the energy transition, creating long-term value across a broad range of scenarios.” ExxonMobil established its Low Carbon Solutions business in early 2021 to commercialize its extensive experience in carbon capture and storage, hydrogen and biofuels. Since that time, the company has announced progress on multiple carbon capture and storage opportunities around the world. It also is planning strategic investments in hydrogen, including at its integrated refining and chemical complex in Baytown, Texas, and in lower-emission biofuels at the Strathcona refinery near Edmonton, Canada. ExxonMobil has stated its ambition to achieve Scope 1 and Scope 2 net zero greenhouse gas emissions for operated assets by 2050, backed by a comprehensive approach to develop detailed emission-reduction roadmaps for major facilities and assets. The company’s 2030 emission-reduction plans include net-zero emissions for Permian Basin operations by 2030 and a 20-30% reduction in company-wide Scope 1 and Scope 2 greenhouse gas emissions intensity, compared to 2016. The plans are anticipated to achieve a 40-50% reduction in upstream greenhouse gas intensity, supported by a corporate-wide 70-80% reduction in methane intensity and a 60-70% reduction in flaring intensity. In total, the plans are expected to reduce company-wide absolute greenhouse gas emissions by an estimated 20% and the company’s upstream emissions by 30%. Absolute flaring and methane emissions are expected to decrease by 60% and 70%, respectively. These plans are expected to achieve the goals of the World Bank Zero Routine Flaring by 2030 initiative. About ExxonMobil ExxonMobil, one of the largest publicly traded international energy companies, uses technology and innovation to help meet the world’s growing energy needs. ExxonMobil holds an industry-leading inventory of resources, is one of the largest refiners and marketers of petroleum products, and its chemical company is one of the largest in the world.

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CHEMICAL MANAGEMENT

CarbonX Signs MOU with AirCarbon Exchange Building Indonesias Carbon Marketplace

AirCarbon Exchange | March 28, 2022

CarbonX, an Indonesian high impact Carbon asset developer, has signed a Memorandum of Understanding with the world's first fully digital carbon exchange, AirCarbon Exchange (ACX) to jointly develop a carbon marketplace in Indonesia. Director of CarbonX, Dessi Yuliana stated that the partnership will provide Indonesian carbon project developers with a domestic carbon market linked to ACX's international client order book. Also, the carbon marketplace will allow the growing Indonesian carbon market to rapidly scale up. "The joint venture delivers all aspects of a comprehensive carbon infrastructure where buyers and sellers worldwide and domestically can transact in a transparent and efficient manner," Dessi said in an official statement, Monday (28/3/2022) in Jakarta. Commissioner of CarbonX, Pandu Sjahrir added, Indonesia currently has committed to making a transition to a green economy through the Net Zero Emission (NZE) target in 2060 which is embodied in Presidential Regulation Number 98/2021 on the Implementation of Carbon Economic Value. To achieve the target, all actors need to collaborate and are supported by enabling policies. Considering Bappenas data, Indonesia will require massive investments of around 3.4 to 3.5 percent of GDP per year to achieve the NZE. "The carbon marketplace platform scheme created by CarbonX can contribute to assisting investment funding to achieve NZE targets. If all of this takes place optimally, Indonesia can produce a massive supply of carbon offsets and contribute to the NDC commitment, while also providing social and economic co-benefits," Pandu said. AirCarbon Exchange Managing Director and Co-Founder, William Pazos stated the collaboration with CarbonX will provide more opportunities for carbon asset producers in Indonesia. "Today's announcement marks another milestone in ACX's rapid ascent as one of the world's premier carbon marketplaces. By leveraging ACX's technology, the CarbonX partnership will launch with immediate scale. Indonesian buyers and sellers will immediately gain access to an international marketplace with participants from 30 countries," Pazos ACX has been recognized as the Best Carbon Exchange in Environmental Finance's prestigious Voluntary Carbon Market Rankings 2021 - the largest and most closely watched survey of the world's Voluntary Carbon Market. With the first trade completed on the platform at the start of 2021, the Exchange has grown significantly and has been bringing transparency, efficiency, and liquidity to the voluntary carbon markets. About CarbonX CarbonX is a high impact privately held Carbon investment company developing carbon asset investments across the region. The company will invest, develop, and maintain high-quality carbon assets and ESG projects in Indonesia with a hands-on operational approach. CarbonX aims to promote Indonesia's green economy by growing carbon investments and financially supporting Indonesian developers to help Indonesia achieve its Net Zero Emissions target. Our mission is to invest in order to transform the lives of families across many outreached communities in Indonesia. Our investments provide social and economic co-benefits to relevant stakeholders, including communities. About AirCarbon Pte. Ltd. AirCarbon Exchange is a global exchange revolutionizing the voluntary carbon market. The Exchange's client base comprises corporate entities, financial traders, carbon project developers and other industry stakeholders. ACX provides its clients with an efficient.

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