CHEMICAL TECHNOLOGY

NAPCO Pipe & Fittings Announces Completion of Acquisition of LASCO Fittings

NAPCO | August 24, 2021

North American Pipe Corporation (NAPCO), a subsidiary of Westlake Chemical Corporation,  today announced that it acquired LASCO Fittings LLC, a Brownsville, Tennessee-based, leading designer, engineer and manufacturer of injected-molded PVC fittings, from Aalberts, NV.

“We are pleased to complete this important strategic acquisition and to welcome LASCO Fittings and its talented team into the Westlake family of companies,” said Andre Battistin, vice president, NAPCO Pipe & Fittings. “By adding LASCO Fittings to our product mix, NAPCO will expand into additional markets, particularly as LASCO specializes in half-inch to four-inch fittings and serves the plumbing, pool and spa, industrial, irrigation and retail markets in the United States. LASCO’s product mix is very complementary to our existing range of pipe and fittings products primarily with diameters of four or more inches and will bring additional fittings products to NAPCO’s offerings.”

LASCO Fittings will continue to operate a 48-acre, 500,000 square foot manufacturing and distribution facility in Brownsville, Tennessee, northeast of Memphis. It also has eight regional distribution facilities strategically located throughout the United States. The company employs about 560 employees.

About NAPCO Pipe & Fittings
NAPCO, a Westlake company, is a leading North American polyvinyl chloride (PVC) pipe manufacturer. Founded in 1992, NAPCO supplies a broad range of gasketed, solvent welded, and restrained joint pipes for a diverse range of markets, including municipal water and sewer, residential plumbing, water well, and agricultural and turf irrigation. The company has a large and seasoned R&D team driving product enhancements that deliver innovative solutions that meet customers’ most challenging needs.

About Westlake
Westlake is a global manufacturer and supplier of materials and innovative products that enhance life every day. Headquartered in Houston, we provide the building blocks for vital solutions from building products and infrastructure materials, to packaging and healthcare products, to automotive and consumer goods.

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CHEMICAL MANAGEMENT

CEMEX to Turn CO2 Into Sustainable Aviation Fuel

CEMEX | April 19, 2022

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CHEMICAL MANAGEMENT

Nippon Shokubai Obtains ISCC PLUS for Superabsorbent Polymers Derived from Caustic Soda Produced from Renewable Energy

Nippon Shokubai Co., Ltd. | March 07, 2022

Nippon Shokubai Co., Ltd. working to achieve carbon neutrality by 2050, announces that it has obtained ISCC PLUS certification from the International Sustainability and Carbon Certification system (ISCC) (*1) for superabsorbent polymers (SAP) made by its subsidiary Nippon Shokubai Europe N.V. (hereinafter NSE) from caustic soda produced using electricity generated from renewable energy. SAP, commonly used in disposable diapers, is mainly made from acrylic acid produced from propylene and caustic soda. In May 2021, NSE received ISCC PLUS certification (mass balance method (*2)) from ISCC for the production of SAP utilizing acrylic acid produced from biomass-derived propylene. It has now obtained ISCC PLUS certification for sustainable SAP made from caustic soda produced using electricity generated from renewable energy. Combining these certifications will contribute to reducing CO2 emissions throughout the product life cycle. Furthermore, Nippon Shokubai will establish a system that can supply bio-based/sustainable SAP in response to customer demand. In addition to these ISCC PLUS-certified SAP, Nippon Shokubai is engaged in the research and development of sustainable SAP that contribute to mitigating environmental impact, such as biodegradable SAP and recycled SAP from used disposable diapers. The Company will contribute to realizing a sustainable society by promoting these research and development activities. About Nippon Shokubai Co., Ltd Since its establishment in 1941, Nippon Shokubai has expanded its business with unique catalyst technology at its core. Nippon Shokubai has supplied ethylene oxide, acrylic acid, automobile catalysts, process catalysts and other products. It commands a top global share of superabsorbent polymers. Nippon Shokubai is a global chemical company operating under its corporate mission of "TechnoAmenity -- Providing affluence and comfort to people and society, with our unique technology."

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CHEMICAL MANAGEMENT

Genalta Power and Proton Technologies Sign Fuel Supply LOI

Kopahawakenum | April 04, 2022

The Kopahawakenum 15-Megawatt Flare Gas to Power Facility announced by SaskPower, Flying Dust First Nation, and Genalta Power, online 2023, plans to purchase Flare Gas from Proton Canada’s nearby asset, according to a letter of intent recently signed between the CEO of Genalta, Paul Miller, and the CEO of Proton, Grant Strem. To ensure sufficient supply for the Kopahawakenum Facility, plus Proton’s own 4.2 MW Power Purchase Agreement and other off-takers, the plan is to install a Cryogenic Air Separation unit (ASU), for injecting pure oxygen and third-party CO2 into Proton’s underground oil deposit to increase hydrogen-productive reactions. Cold gases from the ASU can separate produced gases by freezing or liquifying these at various cold temperatures at the surface using passive heat exchange. Unwanted components like CO2 are planned to go back into the ground, where reactions can cause them to solidify into forms like carbonate rock. Proton has been demonstrating their patented method for accelerating carbonate creation within pores in the earth, by injecting steam boiler blow-down (reactive waste stream fluid) into their CO2-rich subsurface environment. Proton’s PPA has final approval and plans and designs for construction are underway. Genalta’s Kopahawakenum PPA is conditionally approved under Saskatchewan’s Oil and Gas Processing Investment Incentive (OGPII), and the Saskatchewan Petroleum Innovation Incentive (SPII), which provide royalty credits at a rate of 15% and 25% of expenses respectively, after the private investments are made. “I want to thank Genalta, the government of Saskatchewan, the First Nations Power Authority, and the Flying Dust First Nation for boldly and creatively enabling improvements over our current energy systems. There will be economic and ecological benefits from this first project, and we believe also from hundreds or even thousands of larger similar projects around the world in the long course of time, thanks to the efforts and investments of those involved in this global first. Proton is very pleased to have Genalta as our creative, positive customer. This flex-fuel offtake deal helps justify and enable a “small enough to be fast” commercial demonstration of core elements of Proton’s method to produce low cost hydrogen while sequestering carbon inside the earth as rock. Many oil assets late in their productive life cycle can be repurposed to make clean energy, leveraging the infrastructure and investments of the past. We plan to expand as fast as we can afford to.” Grant Strem Paul Miller said, “Kopahawakenum is a cornerstone project that will help the energy industry in Saskatchewan to meet the goals announced by the federal government to reduce GHG emissions 30% in the industry by 2030. Additionally it will be including First Nations in energy stewardship in the province in a meaningful way, creating long term jobs and a replicable approach to utilizing Flare and Vent Gas for power generation. Proton’s fuel supply is critical for the Kopahawakenum project. We thank Proton for their collaboration and support; their visionary project is a game changer in the energy industry with tremendous potential to provide large quantities of emissions free fuel at an economical price to the global market. We are proud to be working with them to further reduce emissions in Saskatchewan and hope to utilize their clean Hydrogen in the future as we continue to expand our clean power base in the province.”

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CHEMICAL MANAGEMENT

Odyssey Investment Partners Acquires Pexco

Odyssey Investment Partners, LLC | March 17, 2022

Odyssey Investment Partners, LLC a middle-market private equity firm, announced that its Fund has acquired Pexco LLC, a leading North American engineered plastic component supplier, from AEA Investors. Another Odyssey Fund previously owned Pexco from 2012 to 2017. Financial terms of the transaction were not disclosed. Based in Atlanta with manufacturing plants in the United States and Mexico, Pexco provides extrusion, design and fabrication of specialty plastic products for a wide variety of applications across a diverse range of end-markets including traffic safety, lighting, fluid handling, electrical insulation, privacy fence, and other specialty industrial markets. Pexco CEO Sam Patel and the management team will continue to lead Pexco and have invested alongside Odyssey in the transaction. “We are very familiar with Pexco and are thrilled to partner again with its proven and experienced management team. Pexco has evolved into a company focused on a diverse range of industrial businesses with deep industry relationships and stable demand across attractive end markets. Pexco has the ability to continue scaling its business by applying its unique operational capabilities to address customers’ most challenging applications. As Pexco continues to expand to new end markets and high-performance polymers, we look forward to leveraging our resources to support the company’s long-term growth and continued industry leadership.” Craig Staub, a Senior Managing Principal at Odyssey Jonathan Hall, a Principal at Odyssey, said, “Sam and his team at Pexco have done a fantastic job since we last worked together – notably, executing nine strategic acquisitions to grow the business and capitalize on new market opportunities to broaden the company’s product portfolio and geographic reach. Their hard work to strategically expand operations, add capacity, and drive efficiencies has placed Pexco in a strong position to capitalize on multiple organic growth opportunities in today’s market environment.” Mr. Patel said, “We are thrilled to welcome back Odyssey Investment Partners as our majority owner. During our previous partnership we benefitted extensively from the Odyssey team’s guidance in developing and prioritizing both organic and inorganic growth initiatives, leading to a very successful outcome. We are very pleased that Odyssey has once again recognized Pexco’s considerable potential in its target end markets. We look forward to resuming our collaboration and continuing our growth trajectory through the next chapter in Pexco’s storied history.” Latham & Watkins LLP served as legal advisor to Odyssey and KPMG served as financial advisor. About Odyssey Investment Partners Odyssey Investment Partners, with offices in New York and Los Angeles, is a leading private equity investment firm with a more than 25-year history of partnering with skilled managers to transform middle-market companies into more efficient and diversified businesses with strong growth profiles. Odyssey makes majority-controlled investments in industries with a long-term positive outlook and favorable secular trends. About Pexco LLC Based in Atlanta with multiple plants across the United States and Mexico, Pexco is a North American leader in the design and fabrication of engineered plastic components. It provides standard and specialty parts and components to manufacturers and end-users for a broad range of custom applications, including the specialty industrial, fluid-handling, lighting, traffic safety, fence, and electrical insulation industries. Pexco offers a full range of custom design, engineering, and fabrication services, including ISO 9001:2015 registration, across its manufacturing operations.

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Spotlight

Chemical companies are not immune from cyberattacks. Both targeted and non-targeted attacks can cost companies millions of dollars in lost business and proprietary information. Yet many companies are woefully unprepared when it comes to protecting their industrial control systems from viruses and other cyber intrusions. Is your company one of them?

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