Philly seeks refining ban on toxic chemical released in PES explosion

PhillyVoice | February 13, 2020

Philadelphia City Council plans to propose a ban that would prevent any future refineries in the city from using the toxic chemical hydrofluoric acid. More than 5,000 pounds of hydrofluoric acid were released into the atmosphere following last summer's explosion at the Philadelphia Energy Solutions refinery in South Philadelphia. The chemical has a wide range of research and industrial uses, from refrigerants to Teflon, but is used by refineries in the alkylation process. Dangers of hydrofluoric acid include skin burns, bone damage and respiratory problems caused by fluid buildup. It also can irritate the eyes, nose and throat. In high enough concentrations, hydrofluoric acid can cause serious injury or death.

Spotlight

The integration of process and automation engineering in the chemical industry has led to increases in overall efficiency and shorter project times,  In this exclusive interview with DC, Mr Dieckhoff describes the three core concepts of process automation.


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CHEMICAL TECHNOLOGY

Vertellus Acquires Polyscope Polymers

Vertellus | February 01, 2022

Vertellus, a manufacturer of specialty materials for various personal care, performance coatings, polymer additives, healthcare and food & beverage markets, today announced it has acquired Polyscope Polymers B.V. a global leader in specialty additives for coatings, electronics applications and engineering polymers. With the addition of Polyscope’s complementary product portfolio and advanced manufacturing capabilities, Vertellus expands its European production capabilities and extends its reach in high-growth end markets. Polyscope is a global leader in the development and production of styrene maleic anhydride (SMA®) copolymers necessary for product applications across the electronic, automotive and specialty coatings & ink markets. With its innovative technology and engineering capabilities, Polyscope is well-positioned to capitalize on growth in these expanding markets. Polyscope operates a state-of-the-art production facility strategically located in Geleen, The Netherlands, and serves as a key partner to more than 300 customers across over 35 countries. John Van Hulle, CEO of Vertellus, said, “Polyscope adds a complementary portfolio of high-quality solutions, a track record of innovation and a world-class global platform in attractive end markets to Vertellus. Together we will serve our customers with a unique product offering and our shared value-driven approach. I am pleased to welcome the Polyscope team to Vertellus.” Patrick Muezers, Polyscope CEO, said, “Vertellus is the ideal partner to support the company’s next phase of growth and innovation. We will be able to leverage Vertellus’ global resources, capabilities and strong market leadership to better serve our customers and bring our high-quality products to additional customers throughout our markets.” Thomas Chadwick, Principal at Pritzker Private Capital, added, “This highly strategic acquisition strengthens Vertellus’ global platform and positions the combined company for growth. We look forward to continuing to support the Vertellus and Polyscope teams as they serve customers with innovative, high-quality products and services.” Indianapolis-based Vertellus is owned by Pritzker Private Capital and management. About Vertellus Vertellus is a leading global manufacturer of specialty materials and key ingredients for fundamental consumer necessities. With a growing portfolio of solutions, Vertellus is dedicated to becoming the preferred global supplier of specialty ingredients and innovative materials that enhance quality of life, support health and wellness and enable customers to deliver value-added solutions. Vertellus technology can be found in personal care products, pharmaceuticals, medical devices, nutraceuticals, food & beverages, performance coatings, transportation additives and more. Headquartered in Indianapolis and founded in 1857, Vertellus has more than 1,300 employees across 15 international research and manufacturing facilities. Vertellus is a Responsible Care® company. About Polyscope Polyscope is a global leader in the research, development, and production of styrene maleic anhydride (SMA®) copolymers, a vital material for product applications in high-growth electronics, automotive, coatings and inks end markets. The company offers a broad range of SMA® and SMANPMI co- and terpolymers and compounds for engineering plastic and specialty chemical applications under the trade names XIRAN® and XILOY™. Polyscope’s global customer base is supported by production and research & development conducted in Geleen, The Netherlands, and with local compounding, contract manufacturing facilities and sales and marketing support in Europe, North America, and Asia. About Pritzker Private Capital Pritzker Private Capital partners with middle-market companies based in North America with leading positions in the manufactured products and services sectors. The firm’s differentiated, long-duration capital base allows for efficient decision-making, broad flexibility with transaction structure and investment horizon, and alignment with all stakeholders. Pritzker Private Capital builds businesses for the long term and is an ideal partner for entrepreneur and family owned companies. Pritzker Private Capital is a signatory to the United Nations Principles for Responsible Investment.

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CHEMICAL TECHNOLOGY

Porsche AG Tests Evolve Lubricants, Inc. Renewable EvoSyn™ Non-Petroleum Motor Oil

Evolve Lubricants, Inc. | February 23, 2022

Evolve Lubricants, Inc. maker of high-performance non-petroleum lubricants for passenger car motor oil and industrial applications, announced Dr. Ing. h.c. F. Porsche AG tested Evolve's EvoSyn™ non-petroleum renewable and sustainable motor oil in July of 2021. Porsche AG has invited Evolve Lubricants, Inc.'s co-founder, President, & CEO Rick Lee to publish and present the results of the engine testing at the 9th International Engine Congress 2022 in Baden-Baden, Germany, Feb. 22-23. "We are incredibly honored to have this new disruptive technology tested by Porsche AG, and the results presented in our paper to the 9th International Engine Congress," said Rick Lee. "We feel that this test has validated our EvoSyn™ lubricants performance with our results." Rick Lee has published the paper Renewable Engine Oils Test at the invitation of Porsche AG at the 9th International Engine Congress. The paper outlines the performance characteristics results of the EvoSyn™ 0W-40 non-petroleum engine oil tested by Porsche AG. The paper is available on the Evolve Lubricants, Inc. website. Evolve Lubricants EvoSyn™ non-petroleum motor oils are made with advanced technology that utilizes renewable synthetic hydrocarbon molecules. Derived from plant biomass, these motor oils significantly outperform petroleum-based products in a wide array of performance characteristics. These include volatility, oxidation, thermal breakdown resistance to maintain the original viscosity, shear stability, and the reduction of friction and wear, aiding in longer engine life. Evolve Lubricants' high-performance renewable carbon-negative lubricants help organizations achieve performance and ESG goals while moving away from petroleum-based products. The EvoSyn™ non-petroleum motor oil portfolio meets and exceeds most manufacturer requirements and are drop-in replacements requiring no modification for use in new and older vehicles. Evolve has the experience of being in some of the highest performing and iconic race cars in the world, including Porsche 917Ks, vintage Formula 1 cars, and modern race cars. "EvoSyn™ non-petroleum motor oils, engineered using renewable synthetic hydrocarbon molecules, are a breakthrough in modern lubrication. Individuals and companies can begin moving away from petroleum without sacrificing performance." Rick Lee EvoSyn products are currently available through Evolve Lubricants, Inc.'s website, www.evolvelube.com, and through an exclusive network of EvoSyn™ dealers. Products include 0W-40 European Car Formula, 5W-40 European Car Formula, 0W-20, 5W-20, 5W-30, with more products in development. About Evolve Lubricants, Inc. Evolve Lubricants Inc. is a green technology company that has developed and manufactures high-performance non-fossil sustainable lubricant solutions for the consumer, commercial, industrial and transportation sectors. Evolve Lubricants, Inc. is headquartered in Reno, Nevada. Full lines of lubricants are marketed through this organization. Brands include EvoSyn™ and ECORSA Motorsport™.

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CHEMICAL TECHNOLOGY

Balmoral Funds, LLC Completes Acquisition of Trecora Resources

Trecora Resources | June 28, 2022

Balmoral Funds, LLC announced that it has successfully completed its previously announced acquisition of Trecora Resources at a price of $9.81 per share, net to each seller, in cash, without interest and subject to any required tax withholdings. With the completion of the acquisition, Trecora's stock will cease trading on the New York Stock Exchange and Trecora will no longer be listed on any public market. Blank Rome LLP served as legal advisor to Balmoral, and Piper Sandler served as financial advisor to Balmoral. Guggenheim Securities, LLC served as exclusive financial advisor to Trecora, and Morgan, Lewis & Bockius LLP served as legal advisor to Trecora. About Balmoral Funds Balmoral is a Los Angeles, CA based private equity fund that was founded in 2005. Balmoral's objective is to be the financial partner of choice for entrepreneurial, emotionally intelligent and successful C-suite executives and operating advisors creating transformative, revitalizing change in the businesses they co-invest in together. Balmoral has approximately $1.5 billion of assets under management. Balmoral typically invests in companies that have revenues between $30 to $500 million and require equity investments of $10 to $100 million, with the capability of investing an additional $100 million or more in particularly compelling opportunities. About Trecora Resources Trecora owns and operates a specialty petrochemicals facility specializing in high purity hydrocarbons and other petrochemical manufacturing and a specialty wax facility, both located in Texas, and provides custom processing services at both facilities.

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CHEMICAL MANAGEMENT

CW Petroleum Corp (CWPE): 2021 Gross Revenues Exceed $8 Million

CW Petroleum Corp | January 13, 2022

CW Petroleum Corp, a leading PROPRIETARY REFORMULATED NO ETHANOL FUELS AND BIOFUEL provider, reports that for the fiscal year 2021, it has exceeded 2020 Gross Revenues. In addition, the company continues to seek to expand its PROPRIETARY NO ETHANOL GASOLINE sales into the Northeastern USA and Chicago markets in 2022. “We are pleased to announce a 16-percent increase in gross revenue for 2021. Strong demand for our No Ethanol fuel, along with a surge in consumer demand and higher gas prices, drove growth. We anticipate our bottom line to remain on a positive path as we raise additional funds to expand our footprint in new markets and continue to develop sustainable fuel products.” Chris Williams, Chief Executive Officer of CW Petroleum Corp Williams added, “Since our inception, we have taken deliberate strategic and operational actions that have resulted in consistent year-over-year gross revenue growth. Looking into the new year, we expect to deliver another robust financial year that will positively affect our stock price.” About CW Petroleum Corp CW Petroleum Corp supplies and distributes Biodiesel, Biodiesel Blends, Renewable Gasoline, and a Proprietary EPA Approved Reformulated No Ethanol Gasoline to distributors, convenience stores, marinas, and end-users.

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Spotlight

The integration of process and automation engineering in the chemical industry has led to increases in overall efficiency and shorter project times,  In this exclusive interview with DC, Mr Dieckhoff describes the three core concepts of process automation.

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