Ravago Acquires a Stake in Alterra Energy, a Leading Advanced Recycling Company

Ravago | July 22, 2021

Ravago Acquires a Stake in Alterra Energy, a Leading Advanced Recycling Company
Alterra Energy, an innovative advanced recycling technology company, and Ravago, a global leader in polymer recycling and distribution, announced today that Ravago has acquired an equity interest in Alterra Energy.

Ravago will be a strategic partner in supplying pre-processed waste plastic to Alterra Energy's Akron, Ohio, facility -- which currently has the capacity to liquefy up to 60 tons per day of waste plastic for use as a feedstock for the manufacturing of plastics and chemicals -- as well as for future commercial installations.

Alterra Energy and Ravago plan to combine forces to provide integrated recycling solutions that support the transition toward decarbonization, decreasing virgin fossil resource dependency and increasing circularity for its petrochemical and chemical partners.

The Ravago transaction is the second strategic partnership this year for Alterra Energy. In January, Alterra Energy announced that Neste, the world's leading provider of renewable diesel and sustainable aviation fuel, and an expert in delivering drop-in renewable and circular chemical solutions, acquired a minority stake in the company.

Alterra Energy, which has developed and commercialized a continuous advanced recycling technology that transforms end-of-life plastics into petrochemical feedstock, will process the Ravago-supplied waste plastic into ISCC PLUS certified material. Alterra will then market this material for further refining and conversion into circular building blocks for the plastics and chemicals producing industry.

About Alterra Energy
Alterra Energy is solving the plastic pollution challenge on a global scale with the development and commercialization of a continuous advanced recycling technology. At its Akron, Ohio plant, the company converts plastic destined for landfills into petrochemical materials that can be further refined into new plastic production and other petrochemical products. Alterra Energy utilizes a scalable, patented, thermochemical liquefaction technology to process and recycle waste plastic, diverting millions of pounds of plastic from landfills. Its team of engineers, experts and partners are driven by one purpose: creating a cleaner planet for future generations. Alterra Energy licenses its technology to entities looking to recycle more challenging plastics or seeking more sustainable products. It is partnering with companies in the solid waste industry, government entities and petrochemical companies.

About Ravago
Ravago, headquartered in Luxembourg, provides superior distribution, resale, compounding and recycling services for our customers, deploying advanced technology solutions to convert plastic raw materials into products that improve the sustainable quality of our life. Ravago represents more than 6,600,000 metric tons of annual polymer sales, serving more than 50,000 active customers through 325+ locations across more than 55+ countries worldwide. Ravago's production capability consists of 45+ manufacturing facilities of which 19 recycling and compounding plants in North America, Europe, Asia and Africa with a combined annual capacity of over 775,000 metric tons; 13 production plants in Europe that are offering finished product solutions for the building sector and 7 plants and 6 application laboratories for our chemicals business. This all would not have been possible without the contributions of its 8,000 employees.

Spotlight

Chemicals companies that sell petroleum-based products often fell short of these industry averages because lower oil prices led to sharp top-line declines, sometimes in the range of 30 to 40 percent. Only naphtha-based producers benefited from oil price weakness.


Other News
MARKET OUTLOOK

Aemetis Signs Agreement to Purchase 125-Acre Former U.S. Army Facility to Produce Sustainable Aviation Fuel and Renewable Diesel

Aemetis, Inc. | December 23, 2021

Aemetis, Inc. a leading producer of dairy Renewable Natural Gas and developer of the "Carbon Zero" renewable jet/diesel biorefineries, announced today it signed a Master Developer Agreement with the City of Riverbank to lease/purchase the 125-acre former military base in Riverbank, California known as the Riverbank Industrial Complex. The Riverbank facility features 710,000 square feet of existing buildings, a four-mile railroad loop with 120 railcar storage capacity, and an onsite hydroelectric substation with 100% low carbon hydroelectric power. The site has received more than $72 million of federal funding for facility upgrades and remediation since being decommissioned as an army base. Aemetis plans to build the "Carbon Zero 1" sustainable aviation fuel and renewable diesel biorefinery at the site. The plant is designed to use hydroelectric and other renewable power available onsite to produce 90 million gallons per year of sustainable aviation fuel, renewable diesel, and other byproducts. The plant is expected to supply the aviation and truck markets with ultra-low carbon renewable fuels to reduce greenhouse gas emissions and other pollutants associated with conventional petroleum-based fuels. The Riverbank Industrial Complex was an ammunition production facility employing about 3,500 people and has been converted to civilian use, including approximately 35 companies employing around 650 people. Under the terms of the Master Developer Agreement and as the owner of the properties as parcels are transferred, Aemetis will manage current tenants, utilize existing production facilities for new tenants or as production facilities, and develop vacant portions of the site with planned renewable fuels and carbon sequestration facilities. A federal job study estimated 2,014 direct and indirect jobs will be created as a result of developing the Aemetis biofuels plant. "This project, from staff's perspective, has significant potential to create an industrial job center for not only Riverbank, but the whole region," said City Manager Sean Scully during the City Council meeting on December 14th in which the agreement was unanimously approved. In mid-2018 after a competitive review process, the City of Riverbank selected Aemetis as the master developer and acquirer of the Riverbank Industrial Complex property. The City of Riverbank has managed the complex since the military leased the site to the City for conversion from military to private use. "I've often stated that the City of Riverbank should not be in the business of running the Industrial Complex. Finding the right entity to take over that task and come up with a deal that was good for all was at times very painful – and highly rewarding. We are truly grateful to form this partnership. There's nothing like this effort locally and this project has regional significance." Riverbank Mayor Richard O'Brien The Aemetis agreement to acquire the Riverbank Industrial Complex paves the way for a clean energy economic and environmental renaissance in the California Central Valley. The Aemetis Carbon Zero facility is designed to support almond and other orchard farmers to dispose of wood waste by converting a portion of the 3 billion pounds of annual orchard wood waste into negative carbon intensity, renewable hydrogen used in sustainable jet and renewable diesel fuel production. Aemetis has received a grant for $5 million from the California Energy Commission for the engineering and construction of biofuels production facilities at the Riverbank site. Aemetis recently signed $2.1 billion of sustainable aviation fuel supply agreements with Delta Air Lines to supply 250 million gallons under a 10 year agreement and with American Airlines to supply 280 million gallons, for delivery to the San Francisco Airport. In addition to American, Aemetis has also signed memorandums of understanding for sustainable aviation fuel with seven other oneworld Alliance airlines. In mid-December, Aemetis announced a $3 billion, 450 million gallon, 10 year supply agreement with a large travel stop company to supply renewable diesel to California fueling locations. 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 airplanes, truck, and ship fleets. Aemetis low-carbon fuels have substantially reduced carbon intensity compared to standard petroleum fossil-based fuels across their lifecycle.

Read More

CHEMICAL MANAGEMENT

Six Pines Investments LLC purchases stake in top plastics recyclers to accelerate transformation to a circular economy for plastics

Six Pines | December 17, 2021

Six Pines Investments LLC, a wholly-owned, sustainable investment subsidiary of Chevron Phillips Chemical Company LLC announced its equity investment in two leading circular plastics recyclers, Nexus Circular LLC and Mura Technology Ltd. In October 2020, CPChem announced success in its first commercial scale production of polyethylene using advanced recycling technology. The company markets its new circular polyethylene under the name Marlex® Anew™ Circular Polyethylene and is working toward an ambitious annual production goal of 1 billion pounds of circular polyethylene by 2030. Mura and Nexus are leading plastics recyclers that convert waste plastics into high quality feedstock used in advanced recycling technologies to produce circular plastics. These strategic investments made from its Six Pines subsidiary reflect CPChem’s commitment to foster innovation and accelerate the transition to a circular economy for plastics. “We are excited about the capabilities and opportunities at Mura and Nexus. We share a common goal to keep plastic waste out of the environment. Waste plastics should not end up in the environment, as they can be sustainably recycled to create new plastics again and again. Investing in Nexus and Mura will accelerate our efforts to produce Marlex® Anew™ Circular Polyethylene and the expansion of our circular product portfolio.” Benny Mermans, vice president of sustainability at CPChem Plastics are life-enriching products that are essential for our future; however, the plastic waste challenge must be addressed. CPChem believes that solving the global problem of plastic waste will require innovation, investment and cooperation throughout the entire plastics value chain. Six Pines’ investments advance CPChem’s ambition to reduce waste and reuse valuable resources, accelerating change for a sustainable future. About Six Pines Six Pines Investments LLC is a wholly-owned, sustainable investment subsidiary of Chevron Phillips Chemical Company LLC one of the world’s top producers of olefins and polyolefins and a leading supplier of aromatics, alpha olefins, styrenics, specialty chemicals, plastic piping and polymer resins. With approximately 5,000 employees, CPChem and its affiliates own more than $17 billion in assets, including 31 manufacturing and research facilities in six countries. CPChem is equally owned indirectly by Chevron Corporation U.S.A. Inc. and Phillips 66 Company, and is headquartered in The Woodlands, Texas. About Nexus Nexus is the leading operational, commercially scaled converter of waste plastics to feedstocks, which in turn are converted back to virgin plastics. Nexus is rapidly rolling out plants globally with a limited set of partners ready to move quickly and with purpose to address the plastics waste problem, for which many seek a real, proven solution today. The process is an environmentally friendly (no wastewater, nor air issues) end-to-end business, including engineering, software, front-end waste plastic sorting, all regulatory requirements /ISCC Plus certification, training/safety, and strategic pricing/positioning, guided by financially driven metrics. Operational and economically proven, Nexus has produced and shipped consistent, on-spec tanker loads of products to large global partners who blend it in their current streams and convert to virgin plastics. Nexus is located in Atlanta, Georgia. About Mura Mura Technology intends to become the world’s leading producer of recycled hydrocarbons, creating a circular economy for plastic, whilst helping to decarbonize the petrochemical industry and eliminate global plastic pollution. We are pioneering a scalable process to divert waste plastic away from incineration, reduce carbon emissions and prevent millions of tons of plastic from entering the natural environment every year, turning the $120 billion lost resource of plastic waste into a valuable global commodity.

Read More

CHEMICAL MANAGEMENT

XENDEE Partners with Idaho National Laboratory for Net-Zero Carbon Microgrid Program

XENDEE Corporation and Idaho National Laboratory | January 15, 2022

XENDEE Corporation and Idaho National Laboratory have partnered to build a design platform for Net-Zero Carbon Microgrids. The platform will consider a wide variety of distributed energy and sustainable technologies, including solar photovoltaic, battery storage, electric vehicle fast-charging stations, hydrokinetic power, hydro-storage, traditional combined heat and power systems, and small nuclear reactors to optimize Microgrid designs and minimize environmental impacts while also capturing the best return on investment. Essential to the development of the program was also a strong emphasis on greenhouse gas reductions, since as it stands, traditional generators running on fossil fuels still make up the backbone of most Microgrid implementations. The Net-Zero Carbon platform is based on XENDEE’s Microgrid design and operation software, which will act as the optimization engine, power flow simulation tool, and cloud-based Microgrid operator. XENDEE calculates the optimal time to make investment decisions, accounts for year over year changes in the financial and technological environment and can simulate the operation of the Microgrid at peak efficiency to meet organizational goals and resiliency requirements. “Net-Zero Carbon Microgrids offer an exceptional solution to large public and private energy consumers, lifting the burden of centralized distribution, ensuring long-term energy security, and specifically addressing greenhouse gases as a priority parameter for technical design,” Michael Stadler, CTO of XENDEE As part of INL’s pre-project research, 25 functional requirements were identified as necessary for developing a Net Zero Carbon Microgrid Planning and Design Tool. INL performed extensive pre-procurement market research and XENDEE was identified as the only solution with a comprehensive platform that met all the 25 requirements. XENDEE was also the only platform that offered integrated modeling for greenhouse gas emissions, which was vital to addressing carbon emissions as an essential part of the design process. “XENDEE offered a single comprehensive tool for Microgrid design and modeling that efficiently optimizes design and investment, power flow simulations, and organizational goals to meet resiliency requirements and cost efficiency,” said Tim McJunkin, Ph.D., Distinguished Researcher in Power and Energy Systems. “Additionally, with modeling considerations for greenhouse gas emissions and a variety of energy generation technologies, we can harness a variety of solutions to offer sustainability without sacrificing resiliency and energy security. This is why we selected XENDEE, and now we are partnering with XENDEE.” As part of this partnership, XENDEE will also be enhancing its software to model small modular nuclear reactors. “With the ever-increasing demands on regional utilities, aging infrastructure, and rising fuel costs, Microgrids have a unique opportunity to meet the challenges of climate change and contribute to a carbon-free power delivery system without overburdening energy markets and consumers,” said Ning Kang, Ph.D., Department Manager of Power and Energy Systems at INL. “The addition of small nuclear reactor technology can offer a unique zero-carbon solution while also meeting the load requirements of large industrial facilities and military bases.” To fully realize the new Net-Zero Carbon design tool for microgrids, INL and XENDEE will build upon the XENDEE platform to standardize design, research, investment, and decision support. XENDEE will also provide advanced training and continued project and feature support, including new technologies, as INL continues to verify the design tool through their Hardware-in-the-Loop system and perform onsite verification through public and private participants. INL’s technical report on Net-Zero Microgrids is available on the U.S. Department of Energy Office of Scientific and Technical Information website. About XENDEE XENDEE develops world-class Microgrid decision support software that helps designers and investors optimize and certify the Fight-Through™ resilience and financial performance of projects with confidence. The XENDEE Microgrid platform enables a broad audience, from business decision-makers to scientists, to support investments in Microgrids and maintain electric power reliability when integrating renewable generation sources. About Idaho National Laboratory Battelle Energy Alliance manages INL for the U.S. Department of Energy’s Office of Nuclear Energy. INL is the nation’s center for nuclear energy research and development, and also performs research in each of DOE’s strategic goal areas: energy, national security, science and the environment.

Read More

Practical concentrate: Ceresana study on the world market for plastic masterbatches

Ceresana | October 02, 2020

Why complicate things when you can make them simple? Colorants and flavors for beverages are often not directly mixed with water and prefabricated, ready-to-use syrup concentrates are used instead. In the production of plastics, too, so-called masterbatches – granules with a high concentration of colorants, other additives, or fillers – are preferred to powders, pastes, or liquid additives. Premixed concentrates with precisely defined properties facilitate processing and increase process reliability: color masterbatches contain pigments or dyes; additive masterbatches specifically modify other properties of plastics. A wide variety of additives can be combined, for example stabilizers, antioxidants, antistatics, or flame retardants. Ceresana is now publishing the second, completely revised edition of its market study on masterbatches: the global demand for plastic masterbatches is expected to rise to almost 4.5 million tonnes by 2027. White Sun Protection and Bright Colors The top-selling type of masterbatch is currently white masterbatches. Global demand for this type has increased by an average of 2.1% p.a. over the last eight years. The most important product is titanium dioxide (TiO2): the plastics industry uses these white pigments to color toys, electrical appliances, automotive parts, furniture, and plastic films on a large scale. Titanium dioxide also absorbs UV rays and thus protects against harmful solar radiation. Color masterbatches with e.g. colorful inorganic, organic, and effect pigments follow in second place. The color black is usually achieved by using carbon black. It is often used for conductive packaging, films, fibers, molds, pipes, and cables. Another well-known end product is waste bags. Carbon Black offers many advantages in plastic applications, especially for technical polymers: it is very resistant to color changes and fading - even under extreme outdoor conditions. Packaging Manufacturers are Main Customers The demand for masterbatches follows the global market for plastics: the most important end applications are packaging, construction materials, transportation, electrical products and electronics, as well as other industrial goods. Packaging constituted the largest sales market in 2019, accounting for 36% of total demand. The construction industry ranked second by a considerable margin, followed by the segments industry and transportation. The category packaging includes all masterbatches for flexible plastic packaging, such as films, bags, and sacks, and for rigid packaging, e.g. yogurt cups, cans, bottles, and lids. The Study in Brief: Chapter 1 provides an overview and analysis of the global market for plastic masterbatches – including forecasts up to 2027: the development of demand and revenues is examined for each region of the world. Demand is broken down into the different types of masterbatches: white, black, color, and additive masterbatches. The different application areas are also examined separately: packaging, construction industry, transportation, electrical goods and electronics, industry, and other applications. Chapter 2 examines the 16 most important countries individually. The study presents demand per country, demand per type of masterbatch, as well as revenues. Demand is also analyzed according to the individual application areas. Chapter 3 offers a useful list of the 52 most important producers of plastic masterbatches. It is clearly arranged according to contact data, revenues, profit, product portfolio, production facilities, and profile summary. Further information: www.ceresana.com/en/market-studies/plastics/masterbatches/ About Ceresana As one of the world's leading market research institutes, Ceresana is specialized in the segments chemicals, plastics, packaging, and industrial goods. Companies have been benefiting from our high-quality industry analyses and forecasts since 2002. More than 180 market studies provide more than 10,000 customers around the world with the knowledge base for their sustainable success. Find more information about Ceresana at www.ceresana.com

Read More

Spotlight

Chemicals companies that sell petroleum-based products often fell short of these industry averages because lower oil prices led to sharp top-line declines, sometimes in the range of 30 to 40 percent. Only naphtha-based producers benefited from oil price weakness.

Resources