CHEMICAL MANAGEMENT

Parkland ramps-up processing operations at the Burnaby Refinery

Parkland Corporation | December 15, 2021

Parkland ramps-up processing operations at the Burnaby Refinery
Parkland Corporation announced that following the restart of the Trans Mountain Pipeline on December 5, 2021, it is ramping-up processing operations at the Burnaby Refinery. The Pipeline is the primary source of crude oil feedstock to the refinery.

"Having maintained the refinery in ready-mode and following delivery of sufficient, consistent quality crude oil feedstocks via the pipeline, we are ramping-up processing operations. I am proud of the Parkland team. Throughout the pause in processing operations, we played a critical role importing essential fuels into our British Columbia terminals, from where they were stored and distributed to our customers across the lower mainland and Vancouver Island."

 Ryan Krogmeier, SVP Supply, Trading and Refining

"We are grateful to Parkland and the team at the Burnaby Refinery for ensuring British Columbians in the Lower Mainland and on Vancouver Island continued to enjoy reliable access to the fuels they depend on over the past several weeks," said The Hon. Bruce Ralston, Minister of Energy, Mines and Low Carbon Innovation. "During times of crisis we are reminded of the value of partnership between our communities and the essential businesses that support them."

Refinery Operational Status and Guidance
The shutdown of the Pipeline, on November 14, 2021, resulted in a lack of available crude oil feedstocks into the Burnaby Refinery. As a direct result, processing operations were significantly reduced from November 15, 2021, paused between November 22, 2021 and December 10, 2021, and began to ramp-up from December 11, 2021.

Primarily driven by the pipeline shutdown and pending the continued successful ramp-up of processing operations, we now expect 2021 Adjusted EBITDA will be close to the midpoint of our guidance of $1.25 billion.

Parkland remains confident in its 2022 guidance and reaffirms our previously disclosed Adjusted EBITDA of $1.45 billion +/- 5 percent. This is up approximately 16 percent from 2021 guidance, and approximately 50 percent from 2020.

About Parkland Corporation
Parkland is a leading convenience store operator and independent supplier and marketer of fuel and petroleum products. Parkland services customers across Canada, the United States, the Caribbean region, and the Americas through three channels: Retail, Commercial and Wholesale. Parkland optimizes its fuel supply across these three channels by operating and leveraging a growing portfolio of supply relationships and storage infrastructure. Parkland provides trusted and locally relevant fuel brands and convenience store offerings in the communities it serves.

Parkland creates value for shareholders by focusing on its proven strategy of growing organically, realizing a supply advantage, and acquiring prudently and integrating successfully. At the core of our strategy are our people, as well as our values of safety, integrity, community, and respect, which are embraced across our organization.

Spotlight

Cascading flow and multi-chamber device for tempered chemicals to evaluate networked -cell, -tissue, and -environment relationships. This is a diffusion model for bench-top human evaluations.


Other News
CHEMICAL MANAGEMENT

FMC Corporation significantly expands biologicals platform with agreement to acquire BioPhero

FMC Corporation | June 30, 2022

FMC Corporation an agricultural sciences company, announced a definitive agreement to acquire BioPhero ApS, a Denmark-based pheromone research and production company. The acquisition adds biologically produced state-of-the-art pheromone insect control technology to FMC's product portfolio and R&D pipeline, underscoring FMC's role as a leader in delivering innovative and sustainable crop protection solutions. BioPhero has pioneered a highly efficient yeast fermentation process for manufacturing pheromones at significantly lower costs and with fewer production steps compared to competitors' traditional chemical synthesis methods. Lower costs expand the pheromone addressable market from today's focus on specialty fruit and vegetables to now include the large row crop market. FMC expects pheromones and pheromone-based products to contribute approximately $1 billion in revenue at above company-average EBITDA margin by 2030. "This acquisition demonstrates our continuing commitment to invest in biologicals and adjacent technologies, expanding our world-class portfolio while advancing sustainable agriculture," said Mark Douglas, FMC president and chief executive officer. "BioPhero is a pioneer in the production of pheromones through a unique, highly efficient bioprocessing method—a game-changer in pheromone manufacturing technology. FMC's broad market access, leadership position in the high-value insecticide market, formulation know-how and application expertise provide significant opportunities to bring sustainably advantaged pheromone technology to more agricultural markets around the world. We look forward to adding an extensive pheromone platform to our biologicals business and welcoming the BioPhero team to FMC." "BioPhero is excited by the opportunity to accelerate our development and the road to market with the objective to make pheromones widely available. Given FMC's leadership position in the development of biological plant health products, manufacturing and formulation expertise, and existing operations in Denmark, we believe FMC is an excellent company to take this business forward. FMC's global market access and significant investments in R&D will accelerate our ability to bring highly advanced pheromone insect control technology to growers around the world." Dr. Irina Borodina, co-founder and chief scientific officer of BioPhero Pheromones can be used in an integrated pest management program to control the buildup of insect populations in farmers' fields by disrupting the insect mating process, reducing overall egg-laying by adults and decreasing the next generation of the target insect population. Pheromones do not have an impact on the environment, promote biodiversity and do not harm beneficial insects, such as pollinators, since they precisely target specific pests. "FMC directs 100 percent of its R&D investments to discover and develop more sustainable products," said Dr. Kathleen Shelton, FMC executive vice president and chief technology officer. "We're excited to add BioPhero's innovative pheromone molecules to our new product pipeline, and we expect to launch five new pheromone products over the next three to five years. The opportunities for advanced biomanufacturing technology extend well beyond insect control. Working together, we can significantly expand the use of fermentation technologies across a wider set of crops targeting a variety of pests, including fungi and weeds." Novo Holding A/S, a world-leading science investor focused on creating long-term value, has supported BioPhero for six years. "Novo Holdings believes that biotechnology is a key component in the transition towards a more sustainable society," said Søren Møller, managing partner at Novo Holdings. "The technology developed by BioPhero is an excellent example of using nature's own pheromones to combat pests in a safe and yet efficient way. Novo Holdings has invested in BioPhero since inception and has renewed its commitment to the company in each financing round. We are very satisfied to see the rapid development of the company, and this sale demonstrates that FMC shares our vision of introducing new sustainable solutions in agriculture." The purchase price of approximately $200 million will be paid at closing. Following regulatory approvals and satisfaction of customary closing conditions, the acquisition of BioPhero is expected to be completed by the end of the third quarter 2022.

Read More

CHEMICAL MANAGEMENT

Aramco and Cognite Join Forces in New Data Venture

Aramco and Cognite | June 20, 2022

Aramco and Cognite, a global leader in industrial software, have launched CNTXT, a joint venture based in the Kingdom of Saudi Arabia. Headquartered in Riyadh, CNTXT will support industrial digitalization in the Kingdom and the wider MENA region. CNTXT will provide digital transformation services enabled by advanced cloud solutions and leading industrial software. These solutions and services will help companies in the public and private sectors future-proof their data infrastructure, increase revenue, cut costs, and reduce risks while enhancing operational sustainability and security. CNTXT is Google Cloud’s reseller for cloud solutions in the Kingdom and the exclusive reseller of Cognite Data Fusion® in the MENA region. Additionally, Google Cloud is expected to launch a “Center of Excellence” later this year to provide training to developers and business leaders on how to use cloud technologies. Led by Abdullah Jarwan, appointed CEO of CNTXT, and a management team of local and international talent, CNTXT plans to significantly grow the team this year in hopes of becoming the top tech employer in the Kingdom. The launch of CNTXT is a major milestone in the collaboration between Aramco and Aker ASA, the majority owner of Cognite. The partnership began in 2019 with the signing of a Memorandum of Understanding (MoU) to develop synergies and share knowledge on industrial digitalization and sustainability initiatives. Ahmad A. Al-Sa'adi, senior vice president of Technical Services at Aramco, said: “CNTXT brings together industrial legacy, unmatched technology, and a truly talented team that will aid in the digitalization of the public and private sectors in the Kingdom. CNTXT will be an important catalyst of digitalization of the Kingdom.” Øyvind Eriksen, president of Aker ASA and chair of the Cognite Board of Directors, said: “CNTXT will be an important vehicle for driving profitability and sustainability of the Kingdom’s industries through innovative use of technology. I look forward to seeing the company accelerate the digital transformation of the most important sectors in the region.” Abdullah Jarwan, CEO of CNTXT, said: “The untapped potential in the digital transformation of the Kingdom of Saudi Arabia and the greater Middle East is enormous. With Google Cloud and Cognite offerings in our portfolio, we can help the public and private sectors innovate faster, scale AI-driven solutions, and turn data into value.” Abdul Rahman Al Thehaiban, managing director, Middle East, Turkey, and Africa, Google Cloud, said: “Businesses all around the world turn to Google Cloud to enable growth and help them solve their most business-critical challenges. With CNTXT as Google Cloud’s reseller in the Kingdom, we will be leveraging the latest technologies and decades of expertise to help businesses grow and develop safely and securely.” About Aramco Aramco is a global integrated energy and chemicals company. We are driven by the core belief that energy is opportunity. From producing approximately one in every eight barrels of the world’s oil supply to developing new energy technologies, our global team is dedicated to creating impact in all that we do. We focus on making our resources more dependable, more sustainable and more useful. This helps promote stability and long-term growth around the world. About CNTXT Founded in 2022 and based in Saudi Arabia, CNTXT is a joint venture between Aramco and Cognite that delivers premium cloud and digital transformation products and services in the Middle East and North Africa. CNTXT’s digital offerings, including Google Cloud and Cognite Data Fusion, enable customers to achieve greater efficiency, sustainability, and profitability throughout their digital transformation journeys. About Cognite Cognite is a global industrial SaaS company that was established with one clear vision: to rapidly empower industrial companies with contextualized, trustworthy, and accessible data to help drive the full-scale digital transformation of asset-heavy industries around the world. Our core Industrial DataOps platform, Cognite Data Fusion®, enables industrial data and domain users to collaborate quickly and safely to develop, operationalize, and scale industrial AI solutions and applications to deliver both profitability and sustainability.

Read More

CHEMICAL MANAGEMENT

RELEX Solutions Becomes Carbon Neutral

RELEX Solutions | June 10, 2022

RELEX Solutions, provider of AI-driven supply chain and retail planning solutions, announced today that they have retroactively achieved carbon neutrality for 2021 and begun compensating annually for their emissions. RELEX partnered with offsetting provider Compensate to calculate and offset their carbon footprint. In practice, this means the company successfully removed or avoided 2,544 tonnes of CO2 emissions. RELEX reached the milestone through investments in two initiatives: afforestation in Qianbei, China, where 47,061 hectares of barren land are being converted into a forest, and the Luangwa Community Forests Project in Zambia, which improves local communities and protects 1 million hectares of wilderness areas. RELEX and Compensate calculated the solution provider’s carbon footprint across scopes 1, 2 and 3, addressing both direct and indirect emissions. The approach allowed RELEX to gain a holistic view of their carbon output, helping the company to innovate, execute, and track new ways to reduce emissions from all three scopes. “Solving the carbon emissions challenge first requires understanding its scope, so our priority was to gain visibility into how our operations impacted the environment, then counteract those impacts successfully. Reducing and offsetting carbon emissions is everyone’s responsibility – whether you’re a manufacturer, distributor, retailer, or solution provider, it’s important to scrutinize your footprint and take meaningful steps to address it.” Svante Göthe, Head of Sustainability at RELEX These global carbon offset projects are in addition to strategies RELEX has already put in place to reduce their emissions. Flexible work-from-home policies, reducing non-essential business travel, successful remote implementations, and maximizing renewable energy coverage in RELEX’s cloud computing are a few examples of current initiatives that will continue to evolve. “At RELEX, we pride ourselves on how our technology helps retailers, wholesalers, and consumer packaged goods companies become more sustainable, helping customers cut food waste by up to 40%. That’s why it’s even more important that we practice what we preach, both in the long term through emissions reduction, and the short term through emissions offsetting,” says Mikko Kärkkäinen, Co-Founder and Group CEO at RELEX. “We’re proud to support programs such as the Qianbei and Luangwa projects that will have tangible, positive impacts on their regions for years to come.” About RELEX Solutions RELEX Solutions helps retailers and consumer brands drive profitable growth across all sales and distribution channels by maximizing customer satisfaction and minimizing operative costs. Our market-leading, unified supply chain and retail planning platform helps retailers and consumer goods companies align and optimize demand, merchandising, supply chain, and operations planning across the end-to-end value chain. We drive record-high product availability, increased sales, improved sustainability, and the best return on investment in inventory, space, workforce, and capacity. Leading brands like Dollar Tree and Family Dollar, Stokke, Rite Aid, Sprouts Farmers Market, AutoZone, and PetSmart trust RELEX to optimize their supply chain and retail planning. About Compensate Compensate combats climate change by offering everyone easy access to carbon capture. To achieve this mission, Compensate combines a market-disrupting sustainability approach with scalable software solutions.

Read More

CHEMICAL MANAGEMENT

The Recycling Partnership’s Polypropylene Recycling Coalition Celebrates “Widely Recycled” Upgrade

The Recycling Partnership | July 29, 2022

The Recycling Partnership’s Polypropylene Recycling Coalition is celebrating the How2Recycle upgrade of polypropylene rigid containers to “Widely Recycled” in the U.S. This major milestone comes as the Coalition marks its two-year anniversary. Launched in July 2020, the Coalition brings together stakeholders across the PP value chain – from resin suppliers and manufacturers to consumer packaged goods, and recycling processors – to improve PP recovery and recycling in the U.S. and to further develop end markets for recycling PP. In the two years since the launch of the Coalition, its catalytic grants have proven highly successful at rapidly impacting the recycling system. The Coalition has awarded 24 grants totaling $6.7 million, including four grants that will be announced in August, to support sorting improvements and community education across the U.S. As a result, curbside access to PP recycling will improve for approximately 8% of households, positively affecting over 20 million people and increasing the amount of PP recovered by an estimated 25 million pounds annually for established domestic end markets. The speed at which the Coalition has been able to drive impact is attributable to the commitment of its members and the strong desire of materials recovery facilities (MRFs) to collect and sort this valuable commodity. “Achieving success for challenged materials is not a narrative often heard in our industry. It was a mere two years ago when we acknowledged the challenges polypropylene recycling was facing and its uncertain future. In forming the Polypropylene Recycling Coalition, we committed to leaning in and taking action in support of the material, to push ourselves and the industry to a more circular future. The power of collaboration across the value chain can be seen through this substantial system-wide shift for polypropylene. The precedent we are setting for materials, coalitions, and innovations is exciting and hopeful. We encourage companies to join us as we continue to push polypropylene recycling to new heights.” Keefe Harrison, CEO of The Recycling Partnership In assessing the potential for the Coalition’s efforts to support an upgrade of PP to “Widely Recycled” under the How2Recycle program, the Coalition and How2Recycle teams worked closely together over the course of many months. Updated inputs were evaluated for the access and end markets criteria that originally led to PP being downgraded to “Check Locally” in January 2020. Using the Sustainable Packaging Coalition’s 2020/2021 Centralized Study on Availability of Recycling for a prior baseline where PP rigid containers were reported as having a 59% access rate, the teams leveraged The Partnership’s National Recycling Database to evaluate the current U.S. access rate, which is now 65%. To evaluate the current state of end markets, the teams utilized The Partnership’s Circular Packaging Assessment tool to confirm the growth and strength of domestic end markets for PP. The teams saw improvements in these two areas as largely attributable to the catalytic work of the Coalition, as well as industry investment and increased recognition of the value of PP as a recycled commodity. “The efforts of the Polypropylene Recycling Coalition are a great example of the impact that can be made with collective action focused on supporting the full recycling system and we are honored to have been in an advisory role since its inception,” said Caroline Cox, Director of How2Recycle. “As rigid polypropylene access, sortation, and end markets are on an upward trend across the U.S., we are excited to upgrade this packaging format from Check Locally to Widely Recycled eligibility. Thanks to the strength and efficacy of the data provided, How2Recycle is confident that this change in eligibility continues to be in line with federal law. While this win should be recognized, it is important to note that this is not the end of the road; the entire value chain should continue to invest in improving the recyclability of all materials and packaging formats.” The Coalition is celebrating this significant impact – made in only two years – while recognizing that the work to support PP recycling must go further. The Coalition will continue to lead efforts to increase curbside access to PP recycling, support sortation equipment upgrades, as well as ensure PP domestic end markets continue to grow. The mission-driven work of the Coalition is supported by contributions from organizations representing all segments of the material’s value chain. Members include Keurig Dr Pepper, Braskem, The NextGen Consortium, the Walmart Foundation, Advanced Drainage Systems, AMP Robotics, Berry Global, Campbell Soup Company, EFS-plastics, Ferrero, The Kroger Co. Zero Hunger | Zero Waste Foundation, KW Plastics, LyondellBasell, Merlin Plastics, Milliken & Company, Nestlé, Plastic Ingenuity, PolyQuest, Procter & Gamble, Sabert, St. Joseph Plastics, Total Energies, and Winpak. The Coalition is advised by industry leaders including, Association of Plastic Recyclers, Sustainable Packaging Coalition, World Wildlife Fund, Closed Loop Partners, and Sidewalk Infrastructure Partners. All companies that use polypropylene are encouraged to become part of the solution to ensure greater and better capture of this valuable material. To learn more about the Coalition and how to get involved in supporting its goals, visit the Polypropylene Recycling Coalition webpage. For MRFs interested in applying for a grant, the application is available on the Coalition webpage. About The Recycling Partnership At The Recycling Partnership, we are solving for circularity. We mobilize people, data, and solutions across the value chain to unlock the environmental and economic benefits of recycling and a circular economy. We work on the ground with thousands of communities to transform

Read More