CHEMICAL MANAGEMENT

Technip Energies collaborate with Agilyx to accelerate and scale-up the implementation of its polystyrene recycling technology

Technip Energies, Technip Energies | June 04, 2021

PARIS and OSLO, Norway, Technip Energies announced today the initiation of an agreement with Agilyx Corporation ("Agilyx"), a wholly owned subsidiary of Agilyx AS (Euronext Growth (Oslo): ("AGLX"), and pioneer in the advanced recycling of post-use plastics. This collaboration aims to accelerate the implementation of Agilyx's technology for the advanced recycling of post-use polystyrene. Under this agreement, Technip Energies will market and license the integrated technologies of Agilyx depolymerization and Technip Energies purification technology, leveraging the expertise, resources, and global presence of respective companies.

Both companies bring strong, specialized experience to this offering: Agilyx contributes its deep experience in chemical recycling of post-use plastics, while Technip Energies has extensive experience in scaling-up technology which will increase the plastic recovery.
Stan Knez, Chief Technology Officer of Technip Energies, stated, "We are delighted to scale-up this sustainable process to market with Agilyx, providing a reliable circular economy technology for a major plastic used widely throughout the world."

Tim Stedman, CEO of Agilyx, said: "We're excited to be working with Technip Energies. This partnership further accelerates the deployment of polystyrene circularity in the market, broadening polystyrene recyclability."

Agilyx's proprietary advanced recycling technology converts post-use plastics back into their original chemical components such that they can be used to produce high-quality products that can be recycled indefinitely, without degradation.

Spotlight

Basic chemicals, produced in large quantities, are mainly sold within the chemical industry and to other industries before becoming products for the general consumer. For example, ethanoic acid is sold on to make esters, much of which in turn is sold to make paints and at that point sold to the consumer.


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CHEMICAL MANAGEMENT

EnergySource Minerals Selected by Compass Minerals as Direct Lithium Extraction Technology Provider

EnergySource Minerals | September 15, 2022

EnergySource Minerals announced that its proprietary ILiAD ™ lithium brine technology platform has been selected as the technology provider for Compass Minerals a leading global provider of essential minerals. The technology was chosen for its superiority in lithium recovery, magnesium rejection, minimized environmental impact and commercial readiness. EnergySource's ILiAD platform technology has been selected for use on phase one of Compass Minerals' 2.4 mMT lithium carbonate equivalent resource on the Great Salt Lake in Utah. Phase one of development is expected to be located on the east side of the Great Salt Lake where a significant portion of the company's existing infrastructure is located. "Our selection of ESM is the result of a comprehensive, competitive process, and we are excited to forge ahead on our lithium development with their team as a trusted provider. Our multi-year assessment was focused on matching the right technology with our specific lithium brine resource – and we are confident we've done just that with this provider selection." Chris Yandell, head of lithium for Compass Minerals Following three years of extensive research and piloting of multiple DLE technologies and providers, Compass Minerals' analysis showed EnergySource Minerals' proprietary ILiAD adsorption technology proved to be the most successful in processing Compass Minerals' brine resource across four key combined assessment categories: lithium recovery; magnesium rejection; minimized environmental impact; and commercial readiness. "Compass Minerals has done extensive due diligence as it works to join the domestic battery metals supply chain to help meet the US automotive industry's need for clean and sustainable lithium," noted Eric Spomer, CEO of EnergySource Minerals. "We look forward to producing with the Compass Minerals team and supporting their operations as they enter the market with a cost-competitive, battery-grade lithium product by 2025." "While we are happy with the results of our partners' research and pilot testing, we are not surprised by the outcome. It confirms the commercial viability of ILiAD's lithium extraction technology. Through our own extensive testing program on a range of brines from around the world, we have seen ILiAD deliver outstanding results across the full range of lithium-bearing brines. Our approach leverages over 40 plus years of industry leadership within our team," added Spomer. "We are thrilled to see ILiAD get its footing in world-wide operations and applications." EnergySource Minerals developed the ILiAD technology for its lithium extraction operation at the John L. Featherstone Geothermal Power Plant in the Salton Sea, currently under development. The platform maximizes lithium extraction from brines in a closed-loop environment, delivering significant reduction in time, cost, and environmental impact compared with alternative methods. ILiAD is considered best-in-class among direct lithium extraction technologies and is commercially ready and being deployed today. The technology dramatically reduces the water footprint of operations, does not consume reagents, demonstrates order-of-magnitude longer operating life and the highest lithium recovery rates. EnergySouce Minerals has tested the technology platform on a variety of brines and is ready to be rapidly deployed at a global scale. "As the world transitions to a clean energy economy, lithium demand is increasing dramatically," said Dr. David Deak, of EnergySouce Minerals. "Currently, lithium extraction has a high environmental cost, and is produced from a limited range of geographies. A technology change is required to enable a broader, more sustainable resource base. ILiAD is that technology." About EnergySource Minerals EnergySource Minerals is a privately held company leading the development of Project ATLiS—a premier lithium project located in Imperial County, California, United States—as well as the ILiAD technology platform, which is being developed and deployed to lithium operations worldwide. Schlumberger New Energy and TechMet Ltd. have equity interest in EnergySource Minerals. About Compass Minerals Compass Minerals is a leading global provider of essential minerals focused on safely delivering where and when it matters to help solve nature's challenges for customers and communities. The company's salt products help keep roadways safe during winter weather and are used in numerous other consumer, industrial, chemical and agricultural applications. Its plant nutrition products help improve the quality and yield of crops, while supporting sustainable agriculture. Additionally, the company is pursuing development of a sustainable lithium brine resource to support the North American battery market and is a minority owner of Fortress North America, a next-generation fire retardant company. Compass Minerals operates 12 production and packaging facilities with nearly 2,000 employees throughout the U.S., Canada and the U.K.

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CHEMICAL TECHNOLOGY,CHEMICAL MANAGEMENT

Redwood Logistics Partners with Cloverly to Enhance Carbon Emissions Management for Customers

Redwood Logistics | July 08, 2022

Redwood Logistics one of the fastest-growing supply chain and logistics companies in North America and innovators of the LPaaS, Logistics Platform as a Service model, today announced a partnership with Cloverly, an API-first Sustainability-as-a-Service solution that provides access to high-quality carbon credits to offset the impact of emissions from the transportation and logistics industry. The partnership with Cloverly supports the Redwood Hyperion sustainability solution, announced in June to help customers gain load-by-load visibility into their freight emissions. It enables carbon-neutral shipping initiatives by bringing together flexible access to data powered by the logistics integration platform RedwoodConnect™ and instant access to action through verified carbon credits via Cloverly. “The confluence between Redwood’s supply chain and Cloverly’s sustainability expertise was invaluable to us as we developed Redwood Hyperion as a high-quality carbon visibility and offset program,” said Michael Reed, Chief Product Officer at Redwood. “Shippers can’t act on what they can’t measure, and the Redwood Hyperion solution powered by Cloverly’s Sustainability-as-a-Service model allows our customers to reliably measure their freight emissions and offset them with carbon credits all in a single platform.” A carbon credit is a transferable instrument certified by governments and independent certification bodies that represents an emission reduction of one metric ton of CO2 or an equivalent amount of other Greenhouse Gases. Through Redwood Hyperion, powered by Cloverly’s marketplace, carbon emissions can be matched with a wide range of carbon credits, including blue carbon, forestry, biochar or, as close as possible, to the initial carbon-producing activity – whatever the main sustainability objective is for the shipper. “Climate action matters to customers, businesses and the planet we share, and we’re thrilled to partner with Redwood to pair emission visibility and reduction – reliably and programmatically. Cloverly supports every carbon-related goal with carbon credits that have co-benefits ranging from protecting biodiversity to improving education and health. Each credit is independently verified and vetted for maximum confidence in its impact.” Jason Rubottom, Chief Executive Officer of Cloverly Redwood Hyperion is the leading product of Redwood’s sustainability suite, Redwood’s initiative to support customers in minimizing their carbon footprint to create a greener and more resilient supply chain. “Redwood is focused on taking steps to achieve customers’ sustainability goals; all while improving efficiency and minimizing costs,“ added Reed. “The full suite of services is designed to help customers implement green initiatives by providing visibility first, followed by a balanced approach of reduction techniques and strategies with a combination of carbon offsets.” About Redwood Logistics Redwood Logistics, a leading logistics platform company, headquartered in Chicago, has provided solutions for moving and managing freight for more than 20 years. The company’s diverse portfolio includes digital freight brokerage, flexible freight management and logistics consulting, all wrapped into a revolutionary logistics and technology delivery model—Logistics Platform as a Service (LPaaS). LPaaS utilizes an open platform for digital logistics that empowers shippers to seamlessly mix-and-match partners, technologies and solutions into their own unique digital supply chain fingerprint. Redwood connects a wide range of customers to the power of supply chain management, technology and the industry’s brightest minds. About Cloverly Cloverly is a technology-based carbon credit marketplace in the Voluntary Carbon Market. Its API enables businesses to programmatically utilize carbon removal credits for their unavoidable emissions and customer-facing solutions. Digital products that use Cloverly help build customer awareness while contributing to climate change mitigation.

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CHEMICAL MANAGEMENT

Chemours Titanium Technologies Announces Second Annual Carrier of the Year Award

Chemours Company | September 09, 2022

The Chemours Company a global chemistry company with leading market positions in Titanium Technologies, Thermal & Specialized Solutions, and Advanced Performance Materials, today announced the winners of its second annual Carrier of the Year Award: Marten Transport and Hirschbach Transportation Services. The Carrier of the Year Award recognizes excellence in transportation of Ti-Pure™ titanium dioxide to Chemours customers. The Titanium Technologies supply chain, procurement, and logistics teams, with support from CLX Logistics, developed a consistent set of criteria to evaluate top North American carriers by load counts. Carriers were evaluated based on the 2021 rate of on-time pickup and delivery, customer service, and ease of doing business, among other metrics. Marten Transport, a U.S.-based transportation company, was named North American Platinum Carrier of the Year for the second year in a row boasting more than a 99% on-time pick-up and delivery rates. Hirschbach Transportation Services, a U.S.-based transportation company, was named as North American Gold Carrier of the Year with an on-time delivery rate of over 95%. Across metrics, both companies performed strongly, showcasing dependability and commitment to partnership in serving Ti-Pure™ titanium dioxide customers. “Marten and Hirschbach are the carriers we turn to when we need someone to get the job done. They have both proven time and again that they can meet and exceed our standard of excellence while serving our customers and demonstrating true partnership. I want to personally recognize and thank them and all their employees for providing this high-level of service, especially with National Truck Driver Appreciation Week coming next week. We look forward to continued partnership in 2022 and beyond.” Ed Sparks, President of Titanium Technologies and Chemical Solutions at Chemours About The Chemours Company The Chemours Company is a global leader in Titanium Technologies, Thermal & Specialized Solutions, and Advanced Performance Materials providing its customers with solutions in a wide range of industries with market-defining products, application expertise and chemistry-based innovations. We deliver customized solutions with a wide range of industrial and specialty chemicals products for markets, including coatings, plastics, refrigeration and air conditioning, transportation, semiconductor and consumer electronics, general industrial, and oil and gas. Our flagship products include prominent brands such as Ti-Pure™, Opteon™, Freon™, Teflon™, Viton™, Nafion™, and Krytox™. The company has approximately 6,400 employees and 29 manufacturing sites serving approximately 3,200 customers in approximately 120 countries. Chemours is headquartered in Wilmington, Delaware and is listed on the NYSE under the symbol CC.

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CHEMICAL TECHNOLOGY

HF Sinclair Corporation and Holly Energy Partners Announce Management Changes

HF Sinclair Corporation and Holly Energy Partners | September 16, 2022

HF Sinclair Corporation announced the appointment of Atanas H. Atanasov as Executive Vice President and Chief Financial Officer of HF Sinclair effective September 30, 2022, and Holly Energy Partners, L.P. announced the appointment of Michael C. Jennings as President of Holly Logistic Services, L.L.C. effective today. HLS is the ultimate general partner of HEP. Mr. Atanasov currently serves as Chief Financial Officer of Lummus Technology LLC, a global chemical technologies company for the petrochemical and energy industries, a position he has held since April 2022. Prior to joining Lummus, Mr. Atanasov served as the Executive Vice President, Chief Financial Officer and Treasurer of Kraton Corporation, a NYSE listed specialty chemical company, from May 2019 until its merger with DL Holdings in March 2022. Prior to joining Kraton, he served as the Chief Financial Officer of Empire Petroleum Partners, LLC, a wholesale distributor of motor fuels, from February 2016 to May 2019. Prior to then, Mr. Atanasov served as Executive Vice President, Chief Financial Officer and Treasurer of NGL Energy Partners LP, a NYSE listed MLP, from May 2013 to February 2016, as Senior Vice President, Finance and Treasurer from September 2012 to May 2013 and as Vice President and Treasurer from November 2011 to September 2012. Prior to joining NGL, he held various finance roles of increasing responsibility with GE Capital from January 2003 to November 2011. He is a registered Certified Public Accountant. Mr. Jennings also currently serves as the Chief Executive Officer of HF Sinclair and the Chief Executive Officer and Chairperson of the Board of Directors of HLS. Richard L. Voliva III, who served as Executive Vice President and Chief Financial Officer of HF Sinclair and President of HLS, agreed to a mutual separation with HF Sinclair and HLS effective today. “We want to thank Rich for his many years of service and contributions to HF Sinclair and HEP. Looking forward, we are excited that Atanas will be joining our executive leadership team. Atanas brings over 25 years of disciplined financial leadership experience in the energy and petrochemical industries and will be a valuable contributor as we continue to position HF Sinclair for the future.” Mr. Jennings About HF Sinclair Corporation HF Sinclair Corporation, headquartered in Dallas, Texas, is an independent energy company that produces and markets high-value light products such as gasoline, diesel fuel, jet fuel, renewable diesel and other specialty products. HF Sinclair owns and operates refineries located in Kansas, Oklahoma, New Mexico, Wyoming, Washington and Utah and markets its refined products principally in the Southwest U.S., the Rocky Mountains extending into the Pacific Northwest and in other neighboring Plains states. HF Sinclair supplies high-quality fuels to more than 1,300 Sinclair branded stations and licenses the use of the Sinclair brand at more than 300 additional locations throughout the country. In addition, subsidiaries of HF Sinclair produce and market base oils and other specialized lubricants in the U.S., Canada and the Netherlands, and export products to more than 80 countries. Through its subsidiaries, HF Sinclair produces renewable diesel at two of its facilities in Wyoming and also at its facility in Artesia, New Mexico. HF Sinclair also owns a 47% limited partner interest and a non-economic general partner interest in Holly Energy Partners, L.P., a master limited partnership that provides petroleum product and crude oil transportation, terminalling, storage and throughput services to the petroleum industry, including HF Sinclair subsidiaries. About Holly Energy Partners Holly Energy Partners, L.P., headquartered in Dallas, Texas, provides petroleum product and crude oil transportation, terminalling, storage and throughput services to the petroleum industry, including subsidiaries of HF Sinclair Corporation. HEP, through its subsidiaries and joint ventures, owns and/or operates petroleum product and crude pipelines, tankage and terminals in Colorado, Idaho, Iowa, Kansas, Missouri, Nevada, New Mexico, Oklahoma, Texas, Utah, Washington, and Wyoming, as well as refinery processing units in Kansas and Utah.

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Spotlight

Basic chemicals, produced in large quantities, are mainly sold within the chemical industry and to other industries before becoming products for the general consumer. For example, ethanoic acid is sold on to make esters, much of which in turn is sold to make paints and at that point sold to the consumer.

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