Senate committee passes bill with tax credits for petrochemical industry

WVMetroNews | February 29, 2020

A Senate committee approved two bills representing tax credits aimed at West Virginia’s petrochemical industry. HB 4421, called the Natural Gas Liquids Economic Development Act, would provide a credit to businesses that store or transfer natural gas. The goal of the bill is to attract an ethane cracker plant or storage hub. HB 4019, called the Downstream Natural Gas Manufacturing Investment Tax Credit Act of 2020, would allow eligible taxpayers to take a credit against the portion of state income taxes that come from the taxpayer’s investment in a new or expanded downstream natural gas manufacturing facility provided it creates new jobs. The Senate’s Economic Development Committee considered and passed each bill during a session on Saturday. Each bill also has a reference to the Senate Finance Committee.

Spotlight

While chemicals may present health hazards to the workers handling them, applying the hierarchy of controls can eliminate and minimise these risks. Every organization that handles hazardous chemicals is different.  They vary in the type of chemical used, the reasons they use the chemical, the number of people who handle the chemicals and the resources.


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CHEMICAL MANAGEMENT

CAS applies AI-driven approach in collaboration with INPI Brazil to transform patent examinations

CAS | March 22, 2022

CAS, a division of the American Chemical Society, recently completed a major project with The National Institute of Industrial Property of Brazil to implement an enhanced examination workflow solution for chemistry patent applications using a unique blend of technology, artificial intelligence, data, and expertise. The new solution reduced application examination times by up to 50%, helping the office achieve their goal of clearing 80% of their multi-year application backlog. "Overcoming delays in the patent cycle has a significant, positive impact on innovation and economic growth in Brazil. Quickly granting patent rights accelerates investment, because applicants are confident their products will not be copied, which is the inventor's greatest fear. A structured, predictable and strong IP ecosystem helps ensure investment," Gabriel Di Blasi, Founding Partner, Di Blasi, Parente & Associates, of Rio de Janeiro Brazil's rapid growth caused patent application volume to outpace the patent office's examination capacity. The new, optimized examination workflow uses CAS's AI technology and eliminates a significant number of examiner search steps, allowing the office to better keep pace with projected application volumes. "The challenges faced by INPI Brazil reflect the unprecedented demands on patent offices around the world. As the largest economy in Latin America, the imperative to improve patent pendency was clear," said CAS President Manuel Guzman. "We are proud of the meaningful impact our work with INPI has already achieved and believe this solution provides an excellent starting point to help other patent offices optimize resources and ensure sustainable growth." CAS worked with INPI Brazil to tailor a solution to their unique needs. By employing multiple AI algorithms trained with patent office data and the scientist-curated CAS Content Collection™, the approach meaningfully increased examiner productivity. INPI Brazil reported that the CAS solution significantly reduced examiner search times for 77% of national applications processed, and that 29% of national applications processed required little or no additional search. "Our solution is designed to transform the prior art search process. Chemistry patent applications are very complex, requiring searches of both text and chemical structures within patent and non-patent publications. This is a unique capability of the CAS-designed solution," said CAS Chief Product Officer Tim Wahlberg.

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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.

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CHEMICAL MANAGEMENT

Euclid Launches Three New Admixtures at World of Concrete

The Euclid Chemical Company | February 17, 2022

Euclid Chemical, a leading manufacturer of concrete and masonry construction products, announced the launch of three new concrete admixtures at this year's World of Concrete—the concrete industry's largest event for building professionals. EUCOSHIELD™ An integral finishing admixture, EUCOSHIELD is a ready-to-use liquid admixture designed to be used as an integral finishing aid that prevents rapid moisture loss from the concrete surface by binding the internal water in the pore structure. It is especially effective when concreting operations must be performed in direct sun, wind, high temperatures or low relative humidity. EUCOSHIELD can also be used to reduce excessive bleeding and segregation of concrete or mortar. Containing no added chlorides or chemicals known to promote the corrosion of steel, EUCOSHIELD is compatible with most other admixtures commonly used in concrete, including air entraining admixtures, polycarboxylate-based HRWR admixtures (superplasticizers), conventional water reducers and retarders. EUCON ECO-STRENGTH™ A strength-enhancing admixture, EUCON Eco-Strength improves both early- and late-age strength development in concrete. Based on a highly engineered admixture technology that facilitates cement hydration, EUCON Eco-Strength enhances strength development and allows for sustainable construction practices to be achieved through possible total cementitious content reduction. Maintaining compressive strength development equivalent to that of a reference mix containing more cementitious is important in all construction projects requiring CO2 emissions and total embodied energy reduction. EUCON Eco-Strength is particularly effective where heat is present while curing, allowing earlier stripping of forms or restoring the serviceability of concrete repairs. EUCON® AM-10L A liquid integral crystalline waterproofing admixture, Eucon AM-10L is formulated to interact with concrete capillary pore structures to provide a system that greatly reduces the permeability of concrete through the formation of tiny crystals that block the pores. It can also seal microscopic cracks and work in tandem with other products like sealers to create a structural waterproofing system. EUCON AM-10L can be used in both above- and below-grade applications. About Euclid Chemical. Headquartered in Cleveland, Ohio, Euclid Chemical has served the global building market for more than a century as a leading manufacturer and supplier of specialty products and technical support services for the concrete and masonry construction industry. Euclid Chemical's expansive product line includes admixtures, fiber reinforcement, concrete repair products, flooring materials, decorative concrete systems and more.

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CHEMICAL MANAGEMENT

ENERGY SERVICES OF AMERICA COMPLETES ACQUISITION

Energy Services of America Corporation | May 09, 2022

Energy Services of America Corporation has completed the previously announced purchase of Tri-State Paving & Sealcoating, LLC a West Virginia corporation located in Hurricane, West Virginia. As previously noted, Energy Services paid $7.5 million in cash, acquired a $1.0 million Promissory Note, and issued $1.0 million in Energy Services Common Stock to acquire Tri-State Paving. "This is the special type of business combination where everyone involved wins. Our customers, and especially our employees, will all benefit from the additional resources provided by our becoming part of the Energy Services family of companies. Over the last eighteen years TSP built our reputation around safety, quality, and customer service. We are a natural fit with Energy Services, and I am excited to see what the future holds for this new alliance." David Corns will continue his role as President of Energy Services' new subsidiary Douglas Reynolds, President, commented on the announcement. "We are very excited to announce the completion of this acquisition. Tri-State Paving is a great company and will be an important factor in growing our water distribution services, which is a key strategic initiative for Energy Services." Reynolds continued "We are also very pleased that David Corns had agreed to stay on with us. David has a tremendous amount of knowledge and experience in the industry, and we look forward to working with him." About Energy Services Energy Services of America Corporation headquartered in Huntington, WV, is a contractor and service company that operates primarily in the mid-Atlantic and Central regions of the United States and provides services to customers in the natural gas, petroleum, water distribution, automotive, chemical, and power industries. Energy Services employs 700+ employees on a regular basis. The Company's core values are safety, quality, and production. Certain statements contained in the release including, without limitation, the words "believes," "anticipates," "intends," "expects" or words of similar import, constitute "forward-looking statements" within the meaning of section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements of the Company expressed or implied by such forward-looking statements. Such factors include, among others, general economic and business conditions, changes in business strategy or development plans, the effect of the COVID-19 pandemic, the integration of acquired business and other factors referenced in this release. Given these uncertainties, prospective investors are cautioned not to place undue reliance on such forward-looking statements. The Company disclaims any obligation to update any such factors or to publicly announce the results of any revisions to any of the forward-looking statements contained herein to reflect future events or developments.

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Spotlight

While chemicals may present health hazards to the workers handling them, applying the hierarchy of controls can eliminate and minimise these risks. Every organization that handles hazardous chemicals is different.  They vary in the type of chemical used, the reasons they use the chemical, the number of people who handle the chemicals and the resources.

Resources