Twelve | July 04, 2022
Twelve, the carbon transformation company, is announcing $130 million in Series B and additional funding to scale the engineering, manufacturing, and deployment of its industrial-scale carbon transformation technology for the creation of a wide range of products with a lower carbon footprint.
Twelve’s carbon transformation technology converts captured CO2 into products historically made from fossil fuels. According to research from Columbia’s SIPA Center on Global Energy Policy, replacing fossil feedstocks in the production of chemicals, materials, and fuels with renewable carbon from point source or direct air capture could avoid nearly 10 percent of global greenhouse gas emissions. Twelve is currently transforming emissions into products for the automotive, household and apparel industries, as well as for government entities and global technology companies, by replacing petrochemicals and fossil-based transportation fuels with CO2Made® materials and carbon-neutral fuels like E-JetⓇ.
“Companies and governments no longer need to rely on fossil fuels for the carbon that goes into everything from apparel and cleaning products to electronics and jet fuel. This fresh funding ensures we can reach industrial scale to help new and existing partners achieve rapid emissions-reduction.”
Twelve Co-Founder and CEO Nicholas Flanders
Twelve’s partners include Mercedes-Benz, Procter & Gamble, Shopify, the U.S. National Aeronautics and Space Administrationand the U.S. Air Force, all of which use Twelve’s breakthrough carbon transformation technology to reduce emissions and create CO2Made products.
“As more companies and organizations adopt carbon-neutrality targets, they urgently need technologies like Twelve’s to rapidly green supply chains and corporate travel to reduce emissions at scale,” said Zachary Bogue, Managing Partner, DCVC. “Since leading Twelve’s seed round in 2018, we’ve only become more confident that their technology offers businesses a critical solution for not just offsetting emissions, but eliminating them.”
The new funding follows Twelve’s first commercial products, a line of CO2Made sunglasses with sustainable fashion brand PANGAIA, and carbon-neutral sustainable aviation fuel (SAF), E-Jet. Twelve was recently recognized by Fast Company as the world’s #1 most innovative energy company of 2022 and as a BloombergNEF Pioneer in the Decarbonizing Aviation category.
“Delivering low-carbon sustainable products consumers desire will require scaling innovative solutions such as Twelve’s carbon transformation technology.” said Todd Cline, Senior Director of Sustainability, for Procter & Gamble Fabric Care. “We’re glad to see Twelve given the opportunity to expand their opportunity to impact a broad variety of sustainable consumer products enabled by their technology.”
“Twelve has the potential to disrupt petrochemical supply chains by creating a wide range of materials from carbon emissions instead of fossil fuels,” said Udo Gayer, Manager of New Business in Production Planning at Mercedes-Benz Cars. “The potential impact of their technology is immense, and I’m glad to see them receive the funding to continue scaling their technology.”
DCVC led Twelve’s Series B financing, with participation from Series A lead investors Capricorn Technology Impact Fund and Carbon Direct Capital Management. Breakout Ventures, Munich Re Ventures, Elementum Ventures, and Microsoft Climate Innovation Fund also participated. In addition, Twelve secured a Series B and strategic program investment from the Chan Zuckerberg Initiative (CZI).
“Carbon transformation has the potential to turn CO2 from a harmful waste stream into useful products for the global economy,” said Jonathan Goldberg, CEO of Carbon Direct. "With the costs of carbon capture, renewables and electrolyzers continuing to fall, Twelve’s technology stands to play a crucial role in decarbonizing some of the hardest-to-abate industries.”
To help drive Twelve’s industrial scaleup, the company just announced additions of key industry veterans to its leadership team: Anne Roby, Independent Board Director and former Linde executive; David Frank, Chief Productization Officer and former Cummins director; and Ram Ramprasad, Chief Commercial Officer and former Linde executive.
Twelve is the carbon transformation company, a new kind of chemical company built for the climate era. We make essential products from air, not oil. Our groundbreaking technology eliminates emissions by transforming CO2 into critical chemicals, materials and fuels that today are made from fossil fuels. We call it carbon transformation, and it fundamentally changes how we can address climate change, reduce emissions and reverse the carbon imbalance. Reinventing what it means to be a chemical company, we’re on a mission to create a climate positive world and a fossil free future through the power of chemistry.
Schneider | August 01, 2022
Schneider a premier multimodal provider of transportation, intermodal and logistics services is hosting its Transportation Sustainability Summit in Long Beach, California, this week where the company will unveil to customers the “Pledge to Plan”, a process to support shippers in preparing their transportation strategy to meet the sustainability goals defined by their organization.
“We are working together to understand, measure and reduce scope 3 emissions. We continue to advise customers on how the carbon footprint associated with transportation and supply chain fits into their overarching emissions reduction goals. We must challenge ourselves to pursue a more sustainable future by influencing those that we work with within the industry.”
Schneider Senior Vice President of Van Truckload John Bozec
As companies are becoming increasingly aware of the environmental issues around them, achieving sustainability in the supply chain is a critical corporate goal touching almost every industry. As a leader in the transportation and logistics industry, Schneider is proud to demonstrate how the organization continues to reduce its own environmental impact while leveraging knowledge and expertise to support customers across the supply chain in creating efficiencies.
“No one sector is the answer to sustainability. Collaboration is the key to making meaningful change and reducing carbon emissions throughout the supply chain,” said Bozec.
Schneider’s Transportation Sustainability Summit is the first-of-its-kind event for shippers to hear from industry experts on the acceleration of sustainability across transportation, alongside discussion of key trends and solutions that are leading the charge, such as electrification. Customers at the summit will receive a closeup look at Freightliner’s eCascadia, the manufacturer’s electric Class 8 truck. Schneider is planning to add 62 eCascadias to its southern California intermodal operations in late 2022/early 2023.
“The scaling of zero-emission vehicles is a critical component of reaching our goal to reduce carbon emissions by 7.5% per mile by 2025 and by 60% per mile by 2035,” said Bozec. “Schneider is excited to be at the forefront of this pivotal evolution in the industry and continue educating the world around us on sustainable transportation opportunities.”
Schneider is a premier multimodal provider of transportation, intermodal and logistics services. Offering one of the broadest portfolios in the industry, Schneider’s solutions include Regional and Long-Haul Truckload, Expedited, Dedicated, Bulk, Intermodal, Brokerage, Warehousing, Supply Chain Management, Port Logistics and Logistics Consulting.
With nearly $5.6 billion in annual revenue, Schneider has been safely delivering superior customer experiences and investing in innovation for over 85 years. The company’s digital marketplace, Schneider FreightPower®, is revolutionizing the industry giving shippers access to an expanded, highly flexible capacity network and provides carriers with unmatched access to quality drop-and-hook freight – Always Delivering, Always Ahead.
Association of Plastic Recyclers | August 12, 2022
The Association of Plastic Recyclers The Voice of Plastic Recycling®, issued a report that provides a data-driven update on the progress of plastic recycling in the United States showing that it is a viable, accessible and scalable solution for reducing plastic waste.
The report compiles research and analysis from across the $236 billion recycling industry which includes over 9,000 community recycling programs across the country and more than 100 post-consumer recyclers. The report finds that plastic recycling alone is responsible for over 200,000 U.S. jobs.
“APR’s state-of-the-industry report tells the true story of plastic recycling in the United States. This is an industry that processed almost five billion pounds of post-consumer plastic material in 2020 despite a pandemic and related lockdown, and we have every expectation that number will continue to grow.”
Steve Alexander, President and CEO of the Association of Plastic Recyclers
The report presents an important clarification on data provided by the U.S. Environmental Protection Agency (EPA) for the discussion on US recycling rates. The report explains that 80% of rigid plastic packaging is polyethylene terephthalate (PET), high-density polyethylene (HDPE), and polypropylene (PP). These are the types of plastic packaging (such as soda bottles, laundry detergent jugs, and yogurt tubs) that are most used by businesses and available to consumers to put in their blue bins. The report found that 21% of these types of plastic, the type that U.S. consumers touch every day, are recycled based on EPA data.
The report also includes the latest data for PET and HDPE bottles alone - a current recycling rate of 28%. With more supply of recyclable plastic material from consumers, U.S. plastic recyclers could boost PET and HDPE bottle recycling rate – raising the rate to over 40% – with minimal additional investment and using existing processing infrastructure in the U.S.
“Increasing the recycling rate is important because demand for recycled material, a key driver of the recycling chain, is stronger than ever, spurred by a variety of factors including brand sustainability commitments and legislative activity,” added Alexander.
The report concludes that meeting that high demand and continuing to sustain and grow recycling will require three steps: (1) companies to manufacture plastic products and packaging that are compatible with recycling, (2) consumers to put recyclable material in the bin and (3) a robust recycling infrastructure to collect, sort and process that material.
The report provides policy recommendations including: ensure that all new products and packaging are made to be compatible with recycling; increase and strengthen community recycling programs and create harmonization among the types of plastic that are collected in those programs; and encourage the consideration of the true cost of disposal and the low costs to landfill.
“This report shows that, while there is still work to be done, plastic recycling can succeed,” Alexander added. “Consumers want recycling to work, and recyclers are ready to process more material. Our industry is innovative and resilient. It is time to recommit to plastic recycling for our communities, for our environment, and for our future.”
As the international trade association representing the plastics recycling industry, APR membership includes independent recycling companies of all sizes, processing numerous resins, as well as consumer product companies, equipment manufacturers, testing laboratories, organizations, and others committed to the success of plastics recycling. APR advocates the recycling of all plastics. Visit www.PlasticsRecyling.org for more information.
Sekisui Specialty Chemicals | August 30, 2022
Sekisui Specialty Chemicals announced that it is beginning feasibility studies for expansion of its Polyvinyl Alcohol supply network in order to meet the growing needs of its downstream customers. SSC already operates three world scale PVOH units globally, with two in the US and one in Spain, and plans to make highly capital-efficient investments to expand its operations and help support customer growth.
"Sekisui Specialty Chemicals is a global leader in the production of high-quality polyvinyl alcohol needed to meet today's highly technical application requirements. With our current footprint and growth opportunities, we believe that Sekisui is well positioned to expand and meet customer needs, particularly in the western hemisphere, which today relies heavily on PVOH imports from Asia."
Cory Sikora, President of Sekisui Specialty Chemicals
Sekisui Specialty Chemicals remains committed to meeting customers' needs with high quality products. When completed, the investments will increase Sekisui's PVOH capacity by as much as 25%.
About Sekisui Specialty Chemicals
Sekisui Specialty Chemicals' primary product is Selvol, a line of high-performance polyvinyl alcohol polymers and copolymers used in paper, adhesive, packaging, construction, personal care, and many other specialty formulations. The company also represents Durastream CPVC compounds and resins, Advancell expandable microspheres, and S-LEC BK polyvinyl acetal resins. Sekisui Specialty Chemicals is a subsidiary of the Sekisui Chemical Group, a multibillion dollar, global company that delivers a wide range of products and services to enrich people's lives. The company is comprised of core businesses and technologies in housing, social infrastructure, and chemical solutions.