CHEMICAL MANAGEMENT

Principal Solar Sharpens Strategic Focus

Principal Solar, Inc. | December 29, 2021

Principal Solar, Inc. a strategic investor in organizations and technologies that support next-generation opportunities in traditional, renewable, and clean energy sectors as well as an investor in undervalued petroleum-producing properties, announced that it has reached an agreement with IntelliMedia/Apollo Green to convert its investment into a note with a return of capital and interest payable. The anticipated influx of capital resulting from this divestiture is expected to be utilized to further the Company’s mission of acquiring logistics assets and to advance its existing development agreement with heavy electric vehicle partner IPLTech Electric.

After careful consideration, in keeping with our stated goal of leveraging environmentally responsible opportunities while maximizing stakeholder value, we have made the strategic decision to convert our investment in IntelliMedia. We believe that this move is in the best interests of all parties involved and stands to enhance Principal’s overall success potential.”

 K. Bryce “Rick” Toussaint, CPA, MBA, Principal’s Chairman and CEO

In other news, Mr. Toussaint disclosed that Principal is evaluating the feasibility of partnering with cryptocurrency mining specialists in well-side mining projects that would be powered by exceptionally low-cost electricity generated onsite from the Company’s natural gas holdings.

“Traditional crypto mining companies pay for grid-delivered electricity to power their servers, the expense of which can comprise up to 75% of a mining company’s operating overhead,” said Mr. Toussaint. “By utilizing natural gas from the wells, we already own to generate the energy needed to power onsite mining operations, it may be possible to mine cryptocurrencies such as Bitcoin and Ethereum at a fraction of the typical cost.”

Additional details regarding the Company’s transaction IntelliMedia are expected to be announced when finalized.

About Principal Solar
Principal Solar is a strategic investor in organizations and technologies that support next-generation opportunities in traditional, renewable, and clean energy sectors as well as an acquirer and operator of undervalued petroleum-producing properties.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
The statements contained in this news release which are not historical facts may be "forward-looking statements" that involve risks and uncertainties which could cause actual results to differ materially from those currently anticipated. For example, statements that describe PSWW' hopes, plans, objectives, goals, intentions, or expectations are forward-looking statements. The forward-looking statements made herein are only made as of the date of this news release. Numerous factors, many of which are beyond PSWWs' control, will affect actual results. PSWW undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances. This news release should be read in conjunction with PSWWs' most recent financial reports and other filings posted with the OTC Markets and/or the U. S. Securities and Exchange Commission by PSWW.

Spotlight

A COMMON MISCONCEPTION IS THAT ALL MAN-MADE CHEMICALS ARE HARMFUL, AND ALL-NATURAL CHEMICALS ARE GOOD FOR US. HOWEVER, MANY NATURAL CHEMICALS ARE JUST AS HARMFUL TO HUMAN HEALTH, IF NOT MORE SO, THAN MAN-MADE CHEMICALS.


Other News
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."

Read More

CHEMICAL TECHNOLOGY

Summit Carbon Solutions Announces Progress on Carbon Capture and Storage Project

Summit Carbon Solutions | February 02, 2022

Summit Carbon Solutions announced further progress on its carbon capture and storage project with the filing of its pipeline permit application in the state of Iowa with the Iowa Utilities Board. Summit's project will connect ethanol biorefineries across five states in the upper Midwest – Iowa, Minnesota, Nebraska, North Dakota, and South Dakota – with the largest portion of the project, consisting of 12 ethanol biorefineries and over 680 miles of carbon dioxide pipeline, in Iowa. By capturing and permanently storing carbon dioxide emissions from partner ethanol biorefineries, Summit Carbon Solutions will cut the carbon footprint of their ethanol in half, which will ensure the environmental and economic sustainability of these facilities for the long term by opening new markets and improving profitability. Summit recently began acquiring right-of-way easements for the pipeline component of the project across its five-state footprint. As a company rooted in agriculture, Summit places a heavy emphasis on landowner engagement and is focused on working with landowners who wish to voluntarily participate. "We're pleased to have begun the permitting process for Summit Carbon Solutions, which keeps us on schedule to be operational in the first half of 2024. This project will be transformational for the ethanol industry and, by extension, the agriculture industry. Farmers and landowners in Iowa understand that ethanol production consumes over 50% of our corn crop every year, which is a big reason why we've had early success signing hundreds of pipeline easements with farmers who have a vested interest in our success." Bruce Rastetter, CEO of Summit Agricultural Group Summit will continue its permit application process with other states and jurisdictions in the coming months as it proceeds to develop the first interstate carbon capture and storage project in the United States.

Read More

CHEMICAL TECHNOLOGY

Verra Opens the Door to Engage Blockchain Climate Initiatives

BICOWG | December 28, 2021

The Blockchain Infrastructure Carbon Offset Working Group applauds the Dec. 15 announcement of a Legal Due Diligence Questionnaire for Related Instruments by The Verified Carbon Standard a universally accepted standard for certifying carbon emissions reductions. "As pioneers in the crypto carbon space, it's encouraging to see this announcement from Verra — it is truly a dream come true. I imagine we're not far off from Verra adopting blockchain tech in a meaningful capacity," said Joshua Bjiak, CTO at Creol The move by Verra opens the door to tokenizing officially sanctioned units and heralds a new day for close collaboration between the traditional carbon market space and the decentralized climate finance community. BICOWG and its member organizations look forward to supporting this collaboration and furthering the critical work to combine "the best of the carbon market" and the "best of crypto" to achieve effective climate action at a massive scale. Joseph Pallant, founder of Blockchain for Climate Foundation, stated, "We've seen the carbon market develop excellent carbon offset standards, protocols, and projects over more than 20 years. The opportunity to ever more securely and transparently bridge these off-chain environmental assets onto the blockchain creates a win-win, enabling crypto projects to incorporate real carbon offsets, thereby funding proven, verified climate action on the ground, around the world." There's been significant growth in new projects working proactively to beat climate change through generation, purchase, and retirement of carbon credits, including Klima DAO, Regen Network, Toucan Protocol, Blockchain for Climate, and others. Moves by traditional carbon market leaders like Verra to extend their diligence and expertise into the blockchain space will enable further growth of on-chain carbon market. This year's exponential growth of innovative blockchain and climate projects was made possible by the committed efforts of early pioneers. Looking ahead to 2022, BICOWG is buoyed to see the growing pathways for collaboration between these two spaces, and the impetus to weave in additional initiatives together in the spirit of halting the destruction brought in by climate change. Gregory Landua, CEO of Regen Network Development, stated, "By embracing emerging standards like IBC Verra and other pillars can lead the way towards scaling, transparency, and governance needed to reverse atmospheric carbon accumulation. The agile DAOs and Web3 teams building open source tools and the existing institutions are natural allies in the emerging regenerative finance movement." About BICOWG: Blockchain Infrastructure Carbon Offset Working Group is a coalition of blockchain protocols, projects, and nonprofits working together to explore carbon measurement methodology and incentivize carbon markets. Core working group members include Regen Network, Klima DAO, Toucan, SZNS, FungyProof, F2Pool/Stakefish, Blockchain for Climate, and Gitcoin.

Read More

CHEMICAL MANAGEMENT

Shell completes acquisition of Landmark fuel and convenience network

Shell | June 02, 2022

Shell Retail and Convenience Operations LLC, a wholly owned subsidiary of Shell Oil Products US has completed the acquisition of certain company-owned fuel and convenience retail sites from the Landmark group of companies. The acquisition also includes supply agreements for the independently operated fuel and convenience sites. Building on the strength of its existing networks, this acquisition brings Shell closer to its customers and enhances Shell's market presence by growing its mobility footprint in a key region in the U.S., which is one of the largest fuels and convenience retail markets in the world. With this acquisition, Shell is advancing its Powering Progress strategy in three ways: by growing its retail footprint in a core market, by providing opportunities to offer customers expanded fuelling options and by allowing for the growth of non-fuel sales through an enhanced convenience offering. .

Read More

Spotlight

A COMMON MISCONCEPTION IS THAT ALL MAN-MADE CHEMICALS ARE HARMFUL, AND ALL-NATURAL CHEMICALS ARE GOOD FOR US. HOWEVER, MANY NATURAL CHEMICALS ARE JUST AS HARMFUL TO HUMAN HEALTH, IF NOT MORE SO, THAN MAN-MADE CHEMICALS.

Resources