CHEMICAL MANAGEMENT

PT Mowilex Is Certified at Net Zero Carbon for the Third Consecutive Year

PT Mowilex Indonesia | December 29, 2021

Paint manufacturer PT Mowilex Indonesia (PT Mowilex) has announced the company's third consecutive year of CarbonNeutral® certification, once again reaching net zero carbon emissions. The company achieved this by purchasing offsets to account for its emissions, based on an assessment of Scope 1, 2 and 3 evaluation that follows  The CarbonNeutral Protocol. Emissions calculations and carbon offsets certifications were issued by two independent United States-based entities.

In 2019, PT Mowilex became the first Indonesian manufacturer to achieve CarbonNeutral® company certification. Three years later, it remains the only manufacturing company to claim carbon neutrality in its market. The company is fully committed to using the carbon markets to achieve carbon neutrality, while also reducing its emissions across all operations and decreasing its overall environmental impact. PT Mowilex has also introduced VOC disclosure and labeling standards and voluntarily replaced older stocks of its wood and metal paints containing more than 90ppm lead with newly formulated lead-free versions, at no cost to shops and distributors.

In the last three years, the company has embarked on efficiency initiatives that reduced air conditioner power use, deployed efficient lighting systems, converted various diesel-powered equipment to electric-powered equipment, and insulated several buildings to reduce energy use. PT Mowilex will also commission a new manufacturing facility in the first quarter of 2022, which is expected to reduce CO2 emissions from its main manufacturing and logistics operations by an estimated 7%.

From March 2020 to April 2021, PT Mowilex decreased its gross emissions by 13.2%. Reduced business travel due to COVID-19 protocols accounted for 82% of that drop. 


"We hope, as much as possible, to permanently adopt these improvements by reevaluating how we operate. We are looking for COVID-related changes that can be incorporated into our routines to minimize our environmental impact whilst creating financial efficiencies," 

 Ms. Esther Sugiono, PT Mowilex CFO

"Our strategic pillars are very clear. We lead with quality and sustainability. We've earned numerous product-quality ratings that demonstrate that commitment, and we're earning recognition for our award-winning environmental and CSR initiatives. Both major property developers and homeowners trust in our products," said PT Mowilex CEO Niko Safavi. "Indonesians today have made it clear that they expect companies to be ethical, and they trust brands that offer environmentally responsible products."

Since 2020, universities, stadium developers and luxury malls have switched to PT Mowilex products, citing the company's reputation for quality and environmental leadership.

In 2021, PT Mowilex purchased carbon offsets from a portfolio of certified projects, including Rimba Raya REDD+ in Seruyan Regency and Katingan Mentaya REDD+ in Katingan Regency, Central Kalimantan, Indonesia.

Spotlight

A consumer-oriented model for drug development and use has attracted attention in recent years as an alternative to the much-maligned approach of mass-marketing blockbuster drugs. In a parallel development, patients and disease-based organizations have assumed greater roles in defining disease categories than in the past and now influence clinical trials and participate in regulatory decision-making.


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CHEMICAL MANAGEMENT

Aemetis Signs Agreement with Qantas to Supply 35 Million Gallons of Sustainable Aviation Fuel

Aemetis, Inc. | March 16, 2022

Aemetis, Inc. a renewable fuels company focused on negative carbon intensity products, announced that an offtake agreement has been signed with Qantas Group and Qantas Airlines for 35 million gallons of blended sustainable aviation fuel to be delivered over the 7 year term of the agreement. The value of the contract including incentives is approximately $250 million. Sustainable aviation fuel provides significant environmental benefits compared to petroleum jet fuel, including a lower lifecycle carbon footprint and reduced contrails. The blended sustainable aviation fuel to be supplied under this agreement is 40% SAF and 60% Petroleum Jet A to meet international blending standards. This supply agreement with Aemetis builds on Qantas’s expanding effort for a future of net zero emissions by 2050. “Climate change is front of mind for Qantas, our customers, employees and investors, and it is a key focus for us as we move through our recovery from the pandemic. Operating our aircraft with sustainable aviation fuel is the single biggest thing we can do to directly reduce our emissions.” Qantas Group CEO Alan Joyce The sustainable aviation fuel is expected to be produced by the Aemetis renewable jet/diesel plant under development on a 125-acre former U.S. Army Ammunition production plant site in Riverbank, California. The blended sustainable aviation fuel is scheduled to begin deliveries to Qantas in 2025. “The use of sustainable aviation fuel by Qantas is another step toward lowering the environmental impact of aviation,” stated Eric McAfee, Chairman and CEO of Aemetis. “Our supply of SAF to the San Francisco International Airport is supported by the California Low Carbon Fuel Standard, creating new investment and jobs in disadvantaged minority communities in the state.” Powered by 100% renewable electricity, the Aemetis Carbon Zero production plant at the Riverbank plant site is designed to sequester CO2 from the production process using injection wells, significantly reducing the carbon intensity of the renewable fuel. About Aemetis Aemetis has a mission to transform renewable energy with below zero carbon intensity transportation fuels. Aemetis has launched the Carbon Zero production process to decarbonize the transportation sector using today’s infrastructure. Aemetis Carbon Zero products include zero carbon fuels that can “drop in” to be used in airplane, truck, and ship fleets. Aemetis low-carbon fuels have substantially reduced carbon intensity compared to standard petroleum fossil-based fuels across their lifecycle. Headquartered in Cupertino, California, Aemetis is a renewable natural gas, renewable fuel and biochemicals company focused on the acquisition, development and commercialization of innovative technologies that replace petroleum-based products and reduce greenhouse gas emissions. Founded in 2006, Aemetis has completed Phase 1 and is expanding a California biogas digester network and pipeline system to convert dairy waste gas into Renewable Natural Gas. Aemetis owns and operates a 65 million gallon per year ethanol production facility in California’s Central Valley near Modesto that supplies about 80 dairies with animal feed. Aemetis also owns and operates a 50 million gallon per year production facility on the East Coast of India producing high quality distilled biodiesel and refined glycerin for customers in India and Europe. Aemetis is developing the Carbon Zero sustainable aviation fuel (SAF) and renewable diesel fuel biorefineries in California to utilize distillers corn oil and other renewable oils to produce low carbon intensity renewable jet and diesel fuel using cellulosic hydrogen from waste orchard and forest wood, while pre-extracting cellulosic sugars from the waste wood to be processed into high value cellulosic ethanol at the Keyes plant. Aemetis holds a portfolio of patents and exclusive technology licenses to produce renewable fuels and biochemicals.

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CHEMICAL MANAGEMENT

ExxonMobil Details Plans to Lead in Earnings and Cash Flow Growth, Energy Transition

ExxonMobil | March 03, 2022

ExxonMobil today detailed plans at its annual Investor Day to deliver industry-leading earnings, cash flow growth and shareholder returns, and lead in the energy transition across a range of lower-emissions scenarios. “We are focused on leading the industry in safety, reliability, environmental performance, earnings and cash flow growth – and ultimately shareholder returns. We’ll continue to innovate and provide solutions that meet the growing needs of society, including its net-zero emissions ambitions, by fully leveraging our competitive advantages of scale, integration, technology, functional excellence, and our highly skilled people.” Darren Woods, chairman and chief executive officer Company plans include annual structural reductions of $9 billion a year by 2023 compared to 2019, building on $5 billion annual structural reductions achieved to date. These savings and other improvements, including a streamlined organizational structure, will enable ExxonMobil to double earnings and cash flow potential by 2027 versus 2019, reduce breakeven costs by roughly $10 per barrel, boost returns on capital employed, and sustainably grow total shareholder returns and distributions. Full-year 2021 results of $23 billion in earnings and $48 billion in cash flow from operating activities were the highest among competition and demonstrate how structural improvements, combined with focused investments during the down cycle, positioned the company to realize the full benefit of the economic recovery. The 2021 results enabled repayment of about $20 billion in debt -- nearly all of the debt borrowed during the pandemic downturn, the 39th consecutive year of dividend increases, and a $10 billion share-repurchase program that started earlier this year. To improve future earnings, ExxonMobil is upgrading its portfolio with low-cost-of-supply opportunities by investing in advantaged assets, including Guyana and the U.S. Permian Basin. It is also investing in competitively advantaged chemicals and downstream projects, including Gulf Coast Growth Ventures, to grow high-value product sales of performance products and lubricants. The company expects capital investments of $21-$24 billion in 2022 and $20-$25 billion per year through 2027. These investments are directed toward low-cost-of-supply Upstream projects in unconventional, deepwater and LNG, and high-value products including chemical performance products, biofuels and lubricants in the new Product Solutions business, which will combine downstream and chemical operations into a single company on April 1. Spending plans also include more than $15 billion over the next six years to reduce greenhouse gas emissions in company operations and for investments in lower-emission business opportunities to help customers reduce emissions and generate attractive returns for shareholders. “Investment in emission-reduction opportunities will accelerate with advances in technology, market incentives and supportive policy,” said Woods. “We’ve built a portfolio with flexibility to adjust investments between our traditional oil, gas and products business and new lower-emissions opportunities, consistent with the pace and scale of the energy transition, creating long-term value across a broad range of scenarios.” ExxonMobil established its Low Carbon Solutions business in early 2021 to commercialize its extensive experience in carbon capture and storage, hydrogen and biofuels. Since that time, the company has announced progress on multiple carbon capture and storage opportunities around the world. It also is planning strategic investments in hydrogen, including at its integrated refining and chemical complex in Baytown, Texas, and in lower-emission biofuels at the Strathcona refinery near Edmonton, Canada. ExxonMobil has stated its ambition to achieve Scope 1 and Scope 2 net zero greenhouse gas emissions for operated assets by 2050, backed by a comprehensive approach to develop detailed emission-reduction roadmaps for major facilities and assets. The company’s 2030 emission-reduction plans include net-zero emissions for Permian Basin operations by 2030 and a 20-30% reduction in company-wide Scope 1 and Scope 2 greenhouse gas emissions intensity, compared to 2016. The plans are anticipated to achieve a 40-50% reduction in upstream greenhouse gas intensity, supported by a corporate-wide 70-80% reduction in methane intensity and a 60-70% reduction in flaring intensity. In total, the plans are expected to reduce company-wide absolute greenhouse gas emissions by an estimated 20% and the company’s upstream emissions by 30%. Absolute flaring and methane emissions are expected to decrease by 60% and 70%, respectively. These plans are expected to achieve the goals of the World Bank Zero Routine Flaring by 2030 initiative. About ExxonMobil ExxonMobil, one of the largest publicly traded international energy companies, uses technology and innovation to help meet the world’s growing energy needs. ExxonMobil holds an industry-leading inventory of resources, is one of the largest refiners and marketers of petroleum products, and its chemical company is one of the largest in the world.

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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.

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CHEMICAL MANAGEMENT

Braskem Expands its Circular Polymer Portfolio with New FDA Post-Consumer Recycled (PCR) Polypropylene Grades

Braskem | February 24, 2022

Braskem S.A. the largest polyolefins producer in the Americas, as well as a market leader and pioneer producer of biopolymers on an industrial scale, announced the expansion of its circular polymer portfolio to include two new polypropylene (PP) grades with post-consumer recycled (PCR) content. Braskem's new PCR polypropylene grades can be used in a wide range of U.S. Food and Drug Administration (FDA) food contact applications where PP is used today, including consumer packaging, caps and closures, housewares, and a wide range of thermoforming applications. "Today's announcement is another milestone in Braskem's journey to a carbon neutral circular economy, and reinforces our commitment to polypropylene as the PP leader in North America. Not only will Braskem's new PCR polypropylene grades help our clients meet their commitments for recycled content in FDA food-contact markets, where PCR solutions are limited today, these developments will also keep us on track to reach our goals of providing 300,000 tons of thermoplastic resins and chemicals with recycled content by 2025 and one million tons of thermoplastic resins and chemicals with recycled content by 2030." Geoffrey Inch, Braskem North America Sustainability Director To support the sustainable use of polypropylene through the development and investment in the circular economy, Braskem America is a founding member and funding partner of the Polypropylene Recycling Coalition, with a primary focus on increasing U.S. polypropylene recovery and reuse. Braskem is strongly committed to a Carbon Neutral Circular Economy where nothing is wasted, and everything is transformed. To support this vision for the future Braskem has clearly stated targets for growing the company's recycled content product portfolio to sales of 300,000 tons by 2025 and 1 million tons by 2030. Braskem's transition to a circular economy is deeply rooted in mechanical and advanced recycling solutions. By engaging and investing in partnership with other members of the value chain the company is strengthening mechanical and advanced recycling, overcoming barriers, and ensuring the increased production of high-quality recycled material. All these initiatives are aligned with Braskem's feedstock diversification strategy and its macro goals of expanding the circular economy concept in the plastic chain and becoming a carbon-neutral company by 2050. ABOUT BRASKEM With a global vision of the future oriented towards people and sustainability, Braskem is committed to contributing to the value chain for strengthening the circular economy. The petrochemical company's almost 8,000 team members dedicate themselves every day to improve people's lives through sustainable chemicals and plastics solutions. Braskem has an innovative DNA and a comprehensive portfolio of plastic resins and chemical products for diverse segments, such as food packaging, construction, manufacturing, automotive, agribusiness, healthcare, and hygiene, among others. With 41 industrial units in Brazil, the United States, Mexico, and Germany, Braskem exports its products to clients in more than 80 countries.

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Spotlight

A consumer-oriented model for drug development and use has attracted attention in recent years as an alternative to the much-maligned approach of mass-marketing blockbuster drugs. In a parallel development, patients and disease-based organizations have assumed greater roles in defining disease categories than in the past and now influence clinical trials and participate in regulatory decision-making.

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