CEMEX | April 19, 2022
CEMEX, S.A.B. de C.V. continues its path to a net-zero future by joining forces with integrated chemicals and energy company Sasol ecoFT and renewable energy company ENERTRAG in a milestone project that will combine CO2 with hydrogen to produce sustainable aviation fuel. This project is part of CEMEX's Future in Action program to reduce its carbon footprint and contribute to a circular economy and an integral component of CEMEX’s master plan to develop a carbon neutral operation at its Rüdersdorf cement plant by 2030.
The consortium will source green hydrogen generated exclusively from wind and solar energy from ENERTRAG. The CO2 will come from CEMEX’s Rüdersdorf cement plant in Germany, which will provide 100 tons of CO2 per day in the project’s initial stages. Sasol ecoFT will then contribute its innovative technology to produce e-kerosene, which, once certified, can be blended to constitute up to 50% of jet fuel.
“We are excited to be part of this groundbreaking project that will contribute to the decarbonization of two of the world’s key industries. The path to carbon neutrality will be built with innovation, and we remain committed to being at the forefront in developing new circular technologies and processes.”
Fernando A. Gonzalez, CEO of CEMEX
Sixty per cent of the carbon emissions in the cement production process come from the chemical reaction that occurs in cement kilns. To reach carbon neutrality, these emissions must be captured, stored, or repurposed in some way. CEMEX is leading the way in these technologies through partnerships with other industries, the work of its R&D center, and investments from its venture capital arm, CEMEX Ventures.
The Rüdersdorf carbon neutral alliance includes over 20 startups, universities, companies from other industries, and authorities working to develop industrial-scale solutions using leading-edge technologies to achieve the first carbon-neutral cement plant in the world.
ENERTRAG is a renewable-energy company based in Brandenburg, Germany. ENERTRAG develops, builds, owns, and operates utility-scale integrated energy plants in ten countries globally. ENERTRAG’s plants produce reliable electricity and green hydrogen exclusively from wind and sun. This is also the company’s role in the Concrete Chemicals consortium.
About Sasol ecoFT
Sasol ecoFT is part of the Sasol Group and world-leader in the development and application of the Fischer-Tropsch (FT) technology with more than 70 years’ experience. Sasol ecoFT leverages it proprietary technology, know-how and expertise to produce sustainable fuels and chemicals from green hydrogen and sustainable carbon sources, via the Power-to-Liquids (PtL) process. By deploying sustainable FT solutions globally, the company contributes to a thriving planet, society, enterprise and innovate for a better world.
CEMEX is a global construction materials company that is building a better future through sustainable products and solutions. CEMEX is committed to achieving carbon neutrality through relentless innovation and industry-leading research and development. CEMEX is at the forefront of the circular economy in the construction value chain and is pioneering ways to increase the use of waste and residues as alternative raw materials and fuels in its operations with the use of new technologies. CEMEX offers cement, ready-mix concrete, aggregates, and urbanization solutions in growing markets around the world, powered by a multinational workforce focused on providing a superior customer experience, enabled by digital technologies.
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."
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.”
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.”
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.