First Carbon Corp. | December 24, 2021
First Carbon Corp. a developer of a proprietary, decentralized, carbon credit non-fungible token onboarding platform, is pleased to provide the details for the launch of its MintCarbon.io channel on the Discord social media platform. MintCarbon.io is the Company’s user-friendly interface that is being developed to enable carbon offset holders to easily convert their credits into highly customizable and ERC-1155-compliant NFTs. With the launch of the MintCarbon.io channel on Discord, an endless number of carbon offset holders, investors and other parties interested in the community can now chat directly with MintCarbon.io operators.
Discord is a free, secure and rapidly growing voice, video and text-based communication application currently used by more than 46 million users each month. The integration of Discord into the MintCarbon.io ecosystem will create a community through which users can talk about NFT values, carbon offset pricing trends, and the securitization of carbon offset markets. This is expected to evoke valuable discussion and community input, while generating significant traffic towards MintCarbon.io’s proprietary minting platform and digitized token offerings.
Leveraging the power of the blockchain and the low-emission, Ethereum-powered Polygon network, the NFTs minted on MintCarbon.io will be able to be listed for trading on decentralized marketplaces such as Opensea.io. Every customised NFT is being planned to be embedded with unique characteristics and may potentially represent millions of tonnes of carbon dioxide.
"A first-of-its-kind in the carbon credit industry,” said Mo Yang, CEO of First Carbon, “the MintCarbon.io Discord channel now enables offset holders, individuals and other stakeholders to chat directly with our platform’s operators, ask them questions, offer input and receive feedback on the minting and selling of carbon credit NFTs.”
“Building a global and connected MintCarbon.io community is an important component of our big picture strategy. We believe that Discord, as one of the fastest growing online communities in the world, will play a critical role in help us to achieve critical mass.”
Derek McKenzie, Chief Operating Officer of First Carbon
About First Carbon Corp.
First Carbon Corp is a next generation technology platform company focused on democratizing tokenized access to carbon credits and ESG solutions. Its flagship platform MintCarbon.io offers carbon offset holders an onramp to the blockchain by enabling the minting of carbon credits into decentralized NFTs on the low-emission Polygon network. MintCarbon NFT’s are powered by Ethereum and tradeable on global decentralized platforms based on the blockchain. The ERC1155-compliant tokens are to be backed by real, verified carbon credits, providing increased transparency, liquidity and security in carbon offset trading.
MintCarbon makes it easier for companies to take part in the global effort to reduce their impact on the environment. Benefits of the platform include: Permission-less global trading on decentralized trading platforms operating 24/7/365; Secure and easy access for investors into an emerging asset class; Access to a growing pool of capital in the cryptocurrency markets; Programmable functionality through smart contracts and composable primitives that enable new types of capital formation and trading; and a reliable framework designed to increase the flow of capital into carbon reduction initiatives, helping underfunded environmental companies and projects.
Braskem | May 10, 2022
Braskem the largest polyolefins producer in the Americas, as well as a market leader and pioneer producer of biopolymers on an industrial scale, announces today the release of three new sustainable 3D printing filament product offerings for the additive manufacturing market. These first of their kind products include 3D printing filaments produced from bio-based ethylene vinyl acetate filament derived from raw sugarcane as well from recycled polyethylene and polypropylenenblended filaments with, or without, carbon fiber.
These sustainable products will be displayed in conjunction with Braskem's upcoming presence at Rapid + TCT, North America's largest Additive Manufacturing conference, being held at Huntington Place, in Detroit, Michigan from May 17 to 19, 2022. The RAPID + TCT 2022 conference brings together over 100 industry leaders focused on delivering leading-edge solutions to the 3D printing and additive manufacturing industry.
"Braskem has a longstanding history of innovating and producing more sustainable bio-based polymers, and today's launch announcement regarding green EVA and recycled polymer 3D printing filaments reaffirms our commitment to a more circular, carbon neutral future. We couldn't be more excited to present these newest additions to our 3D printing product portfolio at the RAPID + TCT 2022 conference as our clients seek more sustainability solutions for the future."
Jason Vagnozzi, Braskem Global Commercial Director of Additive Manufacturing
Bio-based EVA Filament – FL600EVA-BIO
FL600EVA-BIO is a bio-based ethylene vinyl acetate filament, derived from raw sugar care, providing a more sustainable alternative to traditional flexible materials available on the market. This low carbon footprint formulation delivers a unique combination of sustainability, flexibility, ductility, light-weighting, and moisture resistance for direct drive printing 3D printing systems. FL600EVA-BIO expands the availability of sustainable materials for use in 3D printing applications such as consumer, packaging, and industrial markets.
Recycled Polyolefin Filament – FL600R
Braskem FL600R is a recycled filament designed for use in material extrusion-based Additive Manufacturing while maximizing sustainably sourced content. Primarily sourced from recycled bottle caps, FL600R is a recycled PE/PP blend containing over 90% sustainably sourced material, providing a more sustainable solution without sacrificing printability. This environmentally friendly filament provides the same low density as well as water, chemical, and impact resistance inherent to virgin polyethylene and polypropylene-based materials.
LG Chem | May 16, 2022
LG Chem announced that it has developed a new plastic product for battery application that is capable of preventing the spread of flame in batteries, delivering the longest fire-resistance performance in the world.
LG Chem’s flame-retardant engineering plastic product is able to prevent the spread of flames, thanks to the company’s proprietary technology and manufacturing methods. The new advanced flame barrier product created by LG Chem is a highly functional engineering plastic product made from various composites including polyphenylene oxide and polyamide (PA) resin.
“We are proud to present this new product, a significant milestone for us after more than 10 years of dedicated research to deliver innovation for our customers. LG Chem continues to lead the rapidly evolving e-Mobility market, and we will continue to lead innovations through consistent R&D and investments in manufacturing based on our world-class chemical compounding technology.”
Steven Kim, Senior Vice President of Engineering Materials Division at LG Chem
When used in battery components, the new product is resistant to flames for a longer period of time due to its superior properties. It also features excellent dimensional stability and maintains its shape under changing temperature conditions. During LG Chem’s testing, the product was able to prevent the spread of flames caused by thermal propagation for over ten minutes at 1,000°C, 10 times longer than general plastics.
Thermal runaway is the leading cause of EV battery fires, where various stressors can cause heat to build up within a battery cell. When a battery cell exceeds its temperature threshold, fire can occur due to a short circuit triggered by factors such as overcharging and over-discharging. The resulting fire is difficult to extinguish as lithium reacts violently with water. Application of LG Chem’s new engineering plastic product to battery components would benefit drivers and passengers, giving them more time to evacuate a vehicle in case of a damaged and overheating battery.
Commercial production of the new product is on target to begin in 2023 aligned with customers’ demands and schedules. The company is currently in the process of obtaining patents in Korea, the United States and selected European markets.
About LG Chem
LG Chem is a leading global chemical company with a diversified business portfolio in the key areas of petrochemicals, advanced materials, and life sciences. The company manufactures a wide range of products from high value-added petrochemicals to renewable plastics, specializing in cutting-edge electronic and battery materials, as well as drugs and vaccines to deliver differentiated solutions for its customers. LG Chem is committed to reaching carbon-neutral growth by 2030 and net-zero emissions by 2050 by managing the impacts of climate change and making positive contributions to society through renewable energy and responsible supply chains. Headquartered in Seoul, Korea, LG Chem has multiple operation sites worldwide and generated KRW 42.7 trillion in sales in 2021.
CrossAmerica Partners | March 31, 2022
CrossAmerica Partners LP a leading wholesale fuels distributor, convenience store operator and owner and lessor of real estate used in the retail distribution of motor fuels, today reported the issuance and sale of $25 million of Cumulative Preferred Membership Interests in its indirect, wholly owned subsidiary, CAPL JKM Holdings LLC. The preferred interests were issued and sold to entities affiliated with Joseph V. Topper, Jr., who indirectly controls and is the Chairman of the board of directors of CrossAmerica GP LLC, the general partner of the Partnership, and to John B. Reilly, III, the Vice Chairman of the board of directors of CrossAmerica GP LLC. The Cumulative Preferred Membership Interests are entitled to a 9.0% cumulative preferred return and are exchangeable, subject to certain terms and conditions, for common units of CrossAmerica, at an exchange price of $23.74 per common unit. The net proceeds from the preferred interest issuance will be used to prepay a portion of the outstanding borrowings under the Term Loan Credit Facility of the Partnership's subsidiary, CAPL JKM Partners LLC.
“Our preferred equity issuance is an additional component in the financing of our $263 million acquisition of assets from 7-Eleven completed earlier this year. At acquisition, the purchase was funded entirely through borrowings under our credit facilities and today’s equity transaction will be used to reduce those borrowings. The transaction also demonstrates the continued commitment to the Partnership of our Chairman, Joseph V. Topper Jr, and Vice Chairman, John B. Reilly, III, and our Board of Directors’ dedication to acting in the best interests of our common unitholders.”
Charles Nifong, President and CEO of CrossAmerica
The issuance and sale of the Cumulative Preferred Membership Interests were approved by the Board of Directors of CrossAmerica’s General Partner, following the approval by, and recommendation of, its independent Conflicts Committee. Skadden, Arps, Slate, Meagher & Flom LLP is acting as legal counsel to CrossAmerica.
CrossAmerica will be filing a Form 8-K with the Securities and Exchange Commission providing additional details of the preferred equity issuance.
About CrossAmerica Partners LP
CrossAmerica Partners LP is a leading wholesale distributor of motor fuels, convenience store operator and owner and lessee of real estate used in the retail distribution of motor fuels. Its general partner, CrossAmerica GP LLC, is indirectly owned and controlled by entities affiliated with Joseph V. Topper, Jr., the founder of CrossAmerica Partners and a member of the board of the general partner since 2012. Formed in 2012, CrossAmerica Partners LP is a distributor of branded and unbranded petroleum for motor vehicles in the United States and distributes fuel to approximately 1,750 locations and owns or leases approximately 1,150 sites. With a geographic footprint covering 34 states, the Partnership has well-established relationships with several major oil brands, including ExxonMobil, BP, Shell, Chevron, Sunoco, Valero, Gulf, Citgo, Marathon and Phillips 66. CrossAmerica Partners LP ranks as one of ExxonMobil’s largest distributors by fuel volume in the United States and in the top 10 for additional brands.