CHEMICAL MANAGEMENT

TATA CHEMICALS EUROPE OPENS UKS LARGEST CARBON CAPTURE PLANT

Tata Chemicals Europe | June 24, 2022

TATA CHEMICALS
Tata Chemicals Europe opened the UK's first industrial scale carbon capture and usage plant today, signalling a key milestone in the race to meet the UK's net zero targets.

The £20 million investment has been completed by UK-based Tata Chemicals Europe, one of Europe's leading producers of sodium carbonate, salt and sodium bicarbonate. The plant captures 40,000 tonnes of carbon dioxide each year - the equivalent to taking over 20,000 cars off the roads and reduces TCE's carbon emissions by more than 10%. The project will help unlock the future of carbon capture as it demonstrates the viability of the technology to remove carbon dioxide from power plant emissions and to use it in high end manufacturing applications.

In a world-first, carbon dioxide captured from energy generation emissions is being purified to food and pharmaceutical grade and used as a raw material in the manufacture of sodium bicarbonate which will be known as Ecokarb®. This unique and innovative process is patented in the UK with further patents pending in key territories around the world.

The carbon capture plant, which was supported with a £4.2m grant through the UK Department of Business, Energy and Industrial Strategy's ("BEIS") Energy Innovation Programme, marks a major step towards sustainable manufacturing which will see TCE make net zero sodium bicarbonate and one of the lowest carbon footprint sodium carbonate products in the world. These are used to make essential items like glass, washing detergents, pharmaceutical products, food, animal feed and in water purification.

"The completion of the carbon capture and utilisation plant enables us to reduce our carbon emissions, whilst securing our supply of high purity carbon dioxide, a critical raw material, helping us to grow the export of our pharmaceutical grade products across the world.

Martin Ashcroft, Managing Director of Tata Chemicals Europe

"With the support of our parent company, Tata Chemicals, and BEIS, we have been able to deliver this hugely innovative project, enabling our UK operations to take a major step in our carbon emissions reduction journey. Since 2000 we've reduced our carbon intensity by 50% and have a clear roadmap to reduce this by 80% by 2030."

Speaking about the opening of the plant, Secretary of State for Business and Energy, Kwasi Kwarteng, said: "This cutting-edge plant, backed by £4.2 million government funding, demonstrates how carbon capture is attracting new private capital into the UK and is boosting new innovation in green technologies.

"We are determined to make the UK a world-leader in carbon capture, which will help us reduce emissions and be a key part of the future of British industry."

Spotlight

The world is changing at a rapid pace and so is the focus on global emissions. The growing demand for Continuous Emission Monitoring Systems, commonly referred to as CEMS, is largely de-coupled from the general economy.


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CHEMICAL MANAGEMENT

Chevron to Acquire Full Ownership of Beyond6 CNG Fueling Network

Chevron | November 18, 2022

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SCIENCE AND RESEARCH

BASF and StePac partner to develop sustainable packaging for shelf-life extension of fresh produce

StePac; BASF | December 15, 2022

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PRODUCTS AND TECHNOLOGIES, MARKET OUTLOOK

Horizon Petroleum Announces Updated NI51-101 Reserves and Resources Report for Poland

Horizon Petroleum Ltd. | December 06, 2022

Horizon Petroleum Ltd. is pleased to report the results of a recent independent reserve and resource evaluation on the Lachowice conventional natural gas field in the Bielsko-Biala concession in southern Poland. The Reserves Report has an effective date as of October 01, 2022 and was prepared in compliance with the standards set out in National Instrument 51-101 of the Canadian Securities Administrators and the Canadian Oil and Gas Evaluation Handbook. Discussion of Reserves and Resources Horizon holds the rights to a 100% interest in two conventional oil & natural gas concessions in Poland known as Bielsko-Biala and Cieszyn through two wholly owned Polish subsidiary companies which the Company acquired from San Leon Energy. The full details of the acquisition are described in our Annual Financial Statements and Management Discussion and Analysis. The Company has also re-engaged with the Polish Ministry of the Environment to complete the Transformation Process as described in the Annual Financial Statements and Management Discussion and Analysis. In summary a transformation of the concessions to the new Polish concession laws ("Transformation Process") is required by the Polish government as a result of the implementation of amendments to Poland's geological and mining laws. An application for the Transformation Process was submitted to the Polish government in December of 2016 for the Primary Concessions, however, it is not yet complete. The licenses for the Primary Concessions expired in April and August of 2018, however, as the Transformation Process for the Primary Concessions had already commenced they are effectively in suspension pending a decision by the Polish government on the Transformation Process. The timing of completing the Transformation Process has been severely impacted by travel and work restrictions imposed to combat the Covid-19 pandemic, as well as by the Company's lack of financial resources. Completing the Transformation Process will involve negotiations with the Polish Government to finalise: (i) the work programs to be conducted, and (ii) the value of the concession fees and guarantees that will be paid to the Polish government. APEX Global Engineering Inc. prepared the Reserves Report with an effective date of October 01, 2022. APEX assigned the Probable Reserves and Contingent and Prospective Resources to the Lachowice field, which at 10,561 acres represents approximately 4% of the total lands to be held under the concessions (see Table 1 below). The reserves and resources assigned are subject to significant risks. Please refer to the Risks section at the end of this press release. History and Development Plan The Lachowice field is at an early stage of conventional natural gas development. Lachowice-1, Lachowice-7 and Stryszawa-2K are the primary wells of interest on the field and, despite being essentially vertical in their design and utilizing sub-optimal drilling and completion methods for naturally fractured formations, tested at rates of up to 5.8 MMcf/d, 8.9 MMcf/d, and 2.5 MMcf/d, respectively. Each of these wells was drilled and tested, with reservoir depths of 3,000-4,000 meters targeting a naturally fractured carbonate reservoir of Middle Devonian age. The natural gas is sweet, with up to 91% methane and 7 bbls/MMcf of condensate. Following receipt of the Reserves Report, Horizon is currently in the process of finalizing its development plan. In general, it is currently anticipated that the development plan would begin with the re-entry of an existing wellbore. Provided Horizon successfully closes the Acquisition and is successful with the Transformation Process, it is targeting to re-enter and test a well in the first half of 2024, with first production to occur into a temporary compressed natural gas unit Q2, 2024, with natural gas sales initially facilities constrained at approximately 1.5 MMcfe/d. If well capability is higher, incremental production and sales can be realized with the addition of more temporary facilities and trucking. The wells will produce natural gas under primary drive via the natural fractures and the matrix porosity within the reservoir. The project is considered pre-development and is expected to cost approximately US$7.5 million to first production.

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CHEMICAL MANAGEMENT

Pipestone Energy Corp. Announces Renewal of Normal Course Issuer Bid

Pipestone Energy Corp. | November 24, 2022

Pipestone Energy Corp. is pleased to announce the Toronto Stock Exchange has accepted the notice filed by the Company to renew its normal course issuer bid. Pipestone’s inaugural NCIB was launched in November 2021 and has been fully executed with the purchase and cancellation of 9,598,347 common shares of the Company for an average price of $4.44 per share. The NCIB allows Pipestone to purchase up to 13,936,907 Common Shares, representing 5% of its 278,738,148 outstanding Common Shares as at November 14, 2022. The renewed NCIB is scheduled to commence on November 25, 2022 and is due to expire no later than November 24, 2023. Under the NCIB, Common Shares may be repurchased in open market transactions on the TSX and other alternative trading platforms in Canada and in accordance with the rules of the TSX governing NCIB’s. The total number of Common Shares Pipestone is permitted to purchase is subject to a daily purchase limit of 156,214 Common Shares, representing 25% of the average trading volume of 624,856 Common Shares on the TSX calculated for the six-month period ended October 31, 2022 excluding 5,107,800 Common Shares that the Company repurchased pursuant to its previous NCIB during this period; however, Pipestone may make one block purchase per calendar week which exceeds the daily repurchase restrictions. Any Common Shares that are purchased under the NCIB will be cancelled upon their purchase by the Company. The Company intends to enter into an automatic securities purchase plan effective November 25, 2022, under which its broker may purchase Common Shares in connection with the NCIB. The plan will contain a prearranged set of criteria in accordance with which its broker may make Common Share purchases. These strict parameters enable the purchase of Common Shares during times when it would ordinarily not be permitted due to self-imposed blackout periods, insider trading rules or otherwise. Such plan is adopted in accordance with applicable Canadian securities laws. Outside of blackout periods, Common Shares may be purchased under the NCIB in accordance with management’s discretion. As previously announced, Pipestone is committed to a multi-faceted approach to shareholder returns as part of its allocation of free cash flow strategy. In addition to the renewal of the NCIB, Pipestone has implemented a quarterly base dividend of $0.030 per Common Share, commencing in Q1 2023. The Company also has previously announced its intention to launch a Substantial Issuer Bid for up to $50 million in Q1 2023. Pipestone Energy Corp. Pipestone is an oil and gas exploration and production company focused on moderately growing its condensate-rich Montney asset base, while delivering meaningful shareholder returns. Pipestone expects to grow its production to 32 Mboe/d (midpoint) in 2022 and to approximately 45 Mboe/d by exit 2025, while generating significant free cash flow. Pipestone is committed to building long term value for our shareholders while maintaining the highest possible environmental and operating standards, as well as being an active and contributing member to the communities in which it operates. Pipestone has achieved certification of all its production from its Montney asset under the Equitable Origin EO100TM Standard for Responsible Energy Development.

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