CHEMICAL TECHNOLOGY

The Coretec Group Signs CHS Supply Agreement with Richman Chemical

Richman Chemica, The Coretec Group | November 17, 2021

The Coretec Group Signs CHS Supply Agreement with Richman Chemical
The Coretec Group, Inc., developers of engineered silicon and 3D volumetric displays, has entered into an agreement with Richman Chemical Inc. (RCI) to supply The Coretec Group’s Cyclohexasilane (CHS) to North American customers.

Due to increasing supply chain difficulties and overseas shipping delays due to the COVID19 pandemic, it was important that The Coretec Group work with a US company to supply our North American partners with CHS. On November 15th, The Coretec Group signed a supply agreement with Richman Chemical for the first run of CHS as well as experimental processing. Richman, as The Coretec Group’s domestic supply partner, will accelerate the domestic delivery times of CHS to customers and partners in the US.

Richman’s expertise in custom synthesis from lab-scale to production is crucial to Coretec’s success. We additionally look forward to a collaborative relationship, working directly with their chemists and engineers on site as appropriate,” 


 Michelle Tokarz, VP of Partnerships and Innovation, at The Coretec Group

Christopher Kulp, Chief Commercial Officer of RCI, added, “The Coretec Group’s engineered silicon technology is a game-changer for the energy, display, and printable electronics markets. We are proud to provide a domestic development and scale-up solution that meets the company’s rigorous technical demands. Ultimately, we strive to condense commercialization timelines for our customers, and that is our over-arching priority for CRTG.”

About Richman Chemical
Founded in 1988, Richman Chemical offers solutions for process development, regulatory assistance, small-to-large-scale manufacturing, and expert project management. Richman Chemical is an excellent resource for virtual firms and venture capitalist-supported start-ups with limited budgets and constrained timelines for commercialization, and it also counts many Fortune 500 firms as its customers.

About The Coretec Group
The Coretec Group, Inc. is developing a portfolio of engineered silicon to improve energy-focused verticals, including electric vehicle and consumer batteries, solid-state lighting (LEDs), and semiconductors, as well as 3D volumetric displays and printable electronics. The Coretec Group serves the global technology markets in energy, electronics, semiconductor, solar, health, environment, and security.

Forward-Looking Statements
The statements in this press release that relate to The Coretec Group’s expectations with regard to the future impact on the Company’s results from operations are forward-looking statements, and may involve risks and uncertainties, some of which are beyond our control. Such risks and uncertainties are described in greater detail in our filings with the U.S. Securities and Exchange Commission. Since the information in this press release may contain statements that involve risk and uncertainties and are subject to change at any time, the Company’s actual results may differ materially from expected results. We make no commitment to disclose any subsequent revisions to forward-looking statements. This release does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity.

Spotlight

Chemical businesses like yours know the value of hard work and persistence. For years, your industry has faced an array of challenges with dedication and conviction. You expect that of yourself. You expect that of your people. Now, the industry expects even more from you. Environmental and safety regulations are tightening, yet you must grow revenue. Despite aging technology, you are expected to be more productive. Some of your most experienced workers are facing retirement, yet your operations are expected to continue unaffected. You are expected to overcome these industry changes, while still reaching increasing performance targets.


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CHEMICAL MANAGEMENT

Rosewood Private Investments Announces the Acquisitions of American Petroleum and Petroleum Equipment Company

Rosewood Private Investments | January 19, 2022

Rosewood Private Investments is pleased to announce the acquisitions of American Petroleum Sales and Service and Petroleum Equipment Company, Inc. which will be held under the new holding company, StationServ. AMPET, headquartered in Southaven, Mississippi, is a petroleum equipment distributor with full-service installation, distribution, and servicing capabilities. Founded by Gary Murphy in 1990, the company operates out of four branch locations in Mississippi, Arkansas, and Tennessee. Originally founded in 1944, PECO is a leading petroleum equipment distributor and service company based in Richland, Mississippi, with customers in multiple states in the Southeast. Forrest Rhemann is a third-generation owner and has served as the company’s CEO for nearly 40 years. “By combining the businesses, we are able to extend the service offerings to both existing and new customer relationships. Additionally, we look forward to adding additional companies under the StationServ umbrella. Gary and Forrest have worked to build diverse companies with strong teams and loyal customers, and we are excited to see the combined companies grow together.” G.T. Barden, Managing Director of RPI AMPET and PECO are both distributors for the largest fuel dispenser OEM, Gilbarco. Their territories are geographically contiguous and will combine to allow the company to better service its customers. Infinity Capital Partners served as exclusive investment banking advisor to Rosewood. About Rosewood Private Investments Rosewood has a long history of investing in and creating value within numerous industries. RPI’s approach to working with operating partners to strategically grow companies through acquisitions and organic means has proven successful for all stakeholders. Our current holdings are focused on industrial services, fire & life safety services, IT services, and manufacturing technologies. In addition to these areas, we are pursuing new platforms in specialty chemicals, transportation & logistics, and outsourced business services, among others. We welcome any information about investment opportunities within these verticals.

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CHEMICAL MANAGEMENT

Hanwha Solutions' phthalate-free plasticizer Eco-DEHCH offers answer to growing demand for harmless plastics.

Hanwha Solutions | January 05, 2022

With the Covid pandemic prompting a surge in plastic demand and consumers becoming more aware of its potential impacts on individual health, calls for assuring its safety are gaining more ground than ever before. Hanwha Solutions, which aims to deliver sustainable solutions for the planet through smart energy solutions and customer-focused materials, wasted no time addressing the concern by developing harmless plastic-manufacturing material. The Company's Chemical Division announced that it quadrupled annual production of phthalate-free plasticizer Eco-DEHCH. Up to 6.5 tons of it will be produced every year at a petrochemical industrial complex in southeastern port city of Ulsan. Phthalate-free plasticizer using "hydrogenation" Plasticizer is a chemical substance capable of making plastics softer, and phthalate is one of the most common materials to achieve it. However, phthalate-based plasticizer has often been blamed for disrupting the hormone system and thus been restricted from toys and furniture. Eco-DEHCH is one of the most recognized phthalate-free plasticizer developed by a research team at Hanwha Chemical, providing eco-friendly alternative for hazardous dioctyl phthalate (DOP) and less-harmful but less-effective terephthalate like dioctyl terephthalate (DOTP). Adding hydrogen to DOTP plasticizer, Eco-DEHCH manages to remove phthalate-inducing material from its chemical structure altogether. Only a few industrial leaders acquire the hydrogen-added mixture technology, also known as hydrogenation With a faster absorption rate and lower quantity requirement, it costs less than other phthalate-free plasticizers to be manufactured. Eco-DEHCH also has high resistance to heat and cold, making it ideal for use in outdoor products. Certified by regulators from US and EU The efforts are also underway to ensure its safety from health authorities around the world. In 2017, the US Federal Food and Drug Administration (FDA) granted permission to Eco-DEHCH for use in plastic wraps, bottle caps and other food-related products. In 2019, It passed a safety test for EU regulations on Food Contact Materials, which determine the safety of packaging materials and kitchen utensils, and Zero Discharge of Hazardous Chemicals assessment by NSF International, a global public health and safety organization. "As pandemic-stricken households spend more money than before decorating their houses with brand-new wallpapers and flooring materials, the need for eco-friendly plasticizers continues to grow around the world," Hanwha Solutions "By expanding the production of Eco-DEHCH, we are hoping to deliver sustainable solutions to increasing plastic consumption and fulfill global standard for environmental, social and governance (ESG) mandate." Hanwha Solutions' ESG mandate: No more DOP production and declaring RE-100 Given the growing need for observing the ESG mandate around the world, Hanwha Solutions' Chemical Division is seeking to completely halt its production of phthalate-based plasticizer DOP within 2022. The material is classified as hazardous material by Registration, Evaluation, Authorization and Restriction of Chemicals, EU regulations governing the manufacture and import of chemical substance. The company is also planning to use green electricity produced from renewable energy sources such as solar and wind. The "Renewable Energy 100 percent" pledge will be applied to Eco-DEHCH production within 2022. It also vowed to reduce carbon emissions to zero with its advanced technologies, ranging from high-efficient solar panels, and electrolysis-based green hydrogen to mixed hydrogen combustion technologies. "Moving forward, the fate of the companies will falter if they are not fully committed to carbon neutrality," said Hanwha Solutions. "Based on advanced climate technology using solar, wind and hydrogen energy, we will accelerate our efforts to fulfill net-zero pledge before 2050." About Hanwha Solutions. Hanwha Solutions aims to deliver sustainable solutions for the planet through smart energy solutions and customer-focused materials. The Company operates its business through five divisions: Q CELLS, Chemical, Advanced Material, Galleria and City Development. The Q CELLS Division offers total energy solutions from photovoltaic module manufacturing, power plant operation to electricity retailing service. The Chemical Division, the first in Korea to produce polyvinyl chloride (PVC), manufactures various petrochemical products and eco-friendly plasticizers. The Advanced Materials Division produces high-tech materials for automotive, photovoltaic and electronic devices. The Galleria Division, an operator of premium department store chain, provides premium fashion and food services. The City Development Division is a leading real estate developer specializing in industrial complexes. With its innovative technologies for sustainable growth, Hanwha Solutions strives to become a global leader in bringing a better future for humanity.

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MARKET OUTLOOK

Attractive and useful: Ceresana report on the world market for paints and coatings

Ceresana | March 26, 2021

The construction industry currently uses almost half of all paints and coatings that are sold. Large-scale projects for infrastructure or commercial construction are hardly ever directly affected by crises, and the demand for living space continues to grow in densely populated countries. The sales of paints and coatings for industrial products such as vehicles, on the other hand, are heavily dependent on the general economic development. This is the fourth time that Ceresana has published a study on the world market for paints and coatings. In 2019, a total of around 43.3 million tonnes of coatings were sold. Innovative Products with Multiple Benefits In addition to simple, traditional interior and facade paints, more and more coatings with special properties are used in the construction industry. Facade coatings that use the lotus effect, for example, clean themselves in the rain. Other products not only beautify surfaces but can also protect them from rust or contribute to thermal insulation. In hospitals and medical practices, paints and coatings with antibacterial properties are increasingly used to limit the spreading of dangerous germs. Acrylics for the Walls of China Most paints and coatings are consumed in the Asia-Pacific region. This part of the world is expected to further expand its leading position on the world market in the coming years. The second largest sales region last year was North America. Ceresana has also analyzed the demand for individual product types for the current market report: from paints and coatings based on acrylic, vinyl, alkyd, epoxy, polyurethane, or polyester to paints and coatings based on other materials. Acrylic colors were by far the most widely used type of paint in 2019. Vinyl paints took second place. The demand for acrylic paints was highest in Asia-Pacific and North America, followed by Western Europe and South America. Coatings based on acrylic resins are very often used in the construction industry because of their properties: as a wall or facade paint, acrylic resins are extremely light and weather resistant and remain breathable. They are used for exterior facades in conjunction with water-repellent silicone resins. Further applications are coatings of wood, plastic, or metal. Growing Demand for Water-Based Coatings Powder coatings only account for a small segment of the market for paints and coatings while water- and solvent-borne products generate the largest share of demand. Water-based coatings are relatively environmentally friendly thanks to reduced emissions of volatile organic compounds (VOC). They also offer the possibility of recycling in some applications. Waterborne coatings are used for machine and automotive coatings, but also for coatings of wood, plastic, as well as leather and textile. Analysts at Ceresana expect waterborne paints and coatings to achieve the highest average growth rate in the coming years. The Study in Brief: Chapter 1 provides an overview and analysis of the global market for paints and coatings - including forecasts up to 2027: the development of sales, demand and production is illustrated for each region of the world. The market figures on demand are broken down by applications, product types, and technologies. The regional markets for paints and coatings are analyzed, providing data on use in the segments construction, transportation, wood processing, industry products, and other applications. The demand for individual product types is also examined - subdivided into the types acrylic, vinyl, alkyd, epoxy, polyurethane, polyester, other polymers, and other products. In Chapter 2, 16 countries are analyzed in detail: consumption of paints and coatings, export, import, production, and sales. The countries are additionally examined in terms of application areas. The market data on the demand volumes per country are broken down by types of paint and technology: waterborne, solvent-borne, powder coatings, and others. Chapter 3 offers a useful directory of the 112 most important manufacturers of paints and coatings, clearly arranged according to contact data, revenues, profit, product range, production sites, and profile summary. Further information: www.ceresana.com/en/market-studies/industry/paints-coatings-world/ About Ceresana As one of the world's leading market research institutes, Ceresana is specialized in the segments chemicals, plastics, packaging, and industrial goods with a focus on transportation / mobility. Companies have been benefiting from our high-quality industry analyses and forecasts since 2002. More than 200 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

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CHEMICAL TECHNOLOGY

Eastman to invest up to $1 billion to accelerate circular economy through building world's largest molecular plastics recycling facility in France

Eastman | January 17, 2022

This morning, French President Emmanuel Macron and Eastman Board Chair and CEO Mark Costa will jointly announce Eastman's plan to invest up to $1 billion in a material-to-material molecular recycling facility in France. This facility would use Eastman's polyester renewal technology to recycle up to 160,000 metric tonnes annually of hard-to-recycle plastic waste that is currently being incinerated. The investment would recycle enough plastic waste annually to fill Stade de France national football stadium 2.5 times, while also creating virgin-quality material with a significantly lower carbon footprint. Eastman is the largest investor at this year's "Choose France" event, which is focused on attracting foreign investment to France. This multi-phase project includes units that would prepare mixed plastic waste for processing, a methanolysis unit to depolymerize the waste, and polymer lines to create a variety of first-quality materials for specialty, packaging, and textile applications. Eastman also plans to establish an innovation center for molecular recycling that would enable France to sustain a leadership role in the circular economy. This innovation center would advance alternative recycling methods and applications to curb plastic waste incineration and leave fossil feedstock in the ground. The plant and innovation center would be expected to be operational by 2025, creating employment for approximately 350 people and leading to an additional 1,500 indirect jobs in recycling, energy and infrastructure. A circular economy is key to addressing the global plastic waste crisis and the climate crisis, which have both been at the center of attention in France and throughout Europe. This long-term partnership between France and Eastman will contribute to the EU achieving its sustainability goals, by reducing carbon emissions and enabling a circular economy. France has demonstrated tremendous leadership by recognizing the vital role of molecular recycling and supporting investments in innovation. Eastman's project has also garnered support from an impressive roster of global brands who share its commitment to solving the world's plastic waste problem and view molecular recycling as a pivotal tool for achieving circularity. LVMH Beauty, The Estée Lauder Companies, Clarins, Procter & Gamble, L'Oréal and Danone are leading the way by signing letters of intent for multiyear supply agreements from this facility. Eastman's proven polyester renewal technology provides true circularity for hard-to-recycle plastic waste that remains in a linear economy today. This material is typically incinerated because it either cannot be mechanically recycled or must be downcycled with existing technology. This hard-to-recycle waste is broken down into its molecular building blocks and then reassembled to become first-quality material without any compromise in performance. Eastman's polyester renewal technology enables the potentially infinite value of materials by keeping them in production, lifecycle after lifecycle. With the technology's inherent efficiencies and the renewable energy sources available in France, materials can be produced with greenhouse gas emissions up to 80% less than traditional methods. "Accelerating the transition to a circular economy is one of the main challenges in the years to come. Eastman's substantial investment in France demonstrates our country's willingness to embrace innovative technologies that will help us achieve our ecological and economic ambitions, by revolutionizing our country's plastics recycling capacities. France has always been at the forefront of this journey, and together with Eastman, is giving itself the means to achieve its ambitious plastics recycling targets set for 2025. We are very excited to welcome a company that has a 100-year history of innovation at a global scale and more than 30 years of molecular recycling experience." Barbara Pompili, French Minister for Ecological Transition Agnès Pannier-Runacher, French Delegate Minister for Industry stated, "Eastman's world-scale project will allow France to position itself as a European leader in new technologies for recycling and recovering plastic waste. This investment is the result of the ambitious approach to industrial reconquest led by the Government since 2017, which has enabled France to become the most attractive country in Europe from 2018 onward for industrial projects. With this project, which is an important step for our sovereignty, we are giving ourselves the means to achieve our ambitions in terms of ecological transition while creating sustainable jobs in manufacturing, infrastructure and energy. We look forward to developing this relationship with Eastman." "The investment in France is a significant step forward in Eastman's strategy to accelerate a circular economy globally. Eastman is proud to partner with the French government to actively contribute to France's and the EU's bold commitments," Costa said. "France has demonstrated their commitment toward a sustainable future and Eastman has set similar, ambitious carbon and circular economy goals. The announcement today has been made possible thanks to the support of President Macron, the French government and its agency Business France, who have worked with impressive urgency to enable and incentivize this large and complex project. We look forward to working together for the long term and offer necessary innovations to recycle plastic waste and protect our planet for future generations. "The plan to build the world's largest plastics recycling facility in France is an important part of our overall circular economy strategy," Costa added. "Today's announcement is a key milestone towards our commitment, and we expect to achieve additional milestones in the coming months, including agreements related to securing the plastic waste that will be raw material supply, securing government incentives, and the site location decision." About Eastman Founded in 1920, Eastman is a global specialty materials company that produces a broad range of products found in items people use every day. With the purpose of enhancing the quality of life in a material way, Eastman works with customers to deliver innovative products and solutions while maintaining a commitment to safety and sustainability.

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Spotlight

Chemical businesses like yours know the value of hard work and persistence. For years, your industry has faced an array of challenges with dedication and conviction. You expect that of yourself. You expect that of your people. Now, the industry expects even more from you. Environmental and safety regulations are tightening, yet you must grow revenue. Despite aging technology, you are expected to be more productive. Some of your most experienced workers are facing retirement, yet your operations are expected to continue unaffected. You are expected to overcome these industry changes, while still reaching increasing performance targets.

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