Neste, Brightlands Venture Partners, 4 Impact VC and Asahi Kasei invests EUR 11 mln into startup Circularise

Neste, Brightlands Venture Partners, 4 Impact VC and Asahi Kasei invests EUR 11 mln into startup Circularise

MOSCOW (MRC) -- Neste, Brightlands Venture Partners, 4 Impact VC and Asahi Kasei announce a combined EUR11 mln investment into Netherlands-based startup Circularise, said Hydrocarbonprocessing.

The goal of the investment is to accelerate the transformation to more sustainable materials within the polymers and chemicals industry by providing new digital solutions to boost traceability and visibility of material flows along value chains.

“Together with partners, Neste leads the way in accelerating the transition towards more sustainable solutions for polymers and chemicals. There is an urgent need for new scalable, end-to-end digital solutions to trace renewable and recycled material flows, providing increased transparency along the value chains. Circularise provides novel solutions for this need, and we are excited to support them in speeding up the critical transition to circular solutions,” says Lars Peter Lindfors, Neste’s Senior Vice President, Innovation.

With its blockchain-based digital product passports, Circularise enables customers to improve resource use, verify provenance, conduct carbon footprint and impact assessments across supply chains. This is relevant in complex supply chains such as those of polymers, chemicals, plastics, metals, and critical raw materials. Additionally, the company provides a solution for mass balance bookkeeping, in order to support the shift from fossil feedstocks to sustainable alternatives in the plastic and chemicals industry.

Circularise’s solution helps suppliers to share sensitive data, like material composition, environmental footprint or LCA data, without risking privacy and confidentiality. This is achieved with technology, which allows suppliers to be in control of which data they want to share.

Circularise’s co-founder Jordi de Vos says: “We’re happy to welcome Neste, Brightlands Venture Partners, 4impact and Asahi Kasei as our investors. Our mission has always been clear: accelerating the shift towards a circular economy through supply chain traceability and transparency. This funding round enables us to scale our business operations, product, R&D as well as to expand our international team. It will not only accelerate our growth as a leading software provider for supply chain traceability, but also support the transition to a circular economy on a global scale.”

The agreement about capital injection has been signed, and the completion of the investment is subject to customary closing conditions. The investment is supplemented with grants from the European Commission.

“Brightlands Venture Partners is excited to lead this Series A round with such a strong consortium of VC’s and industry players. The Circularise team truly understands the challenge of bringing transparency to complex supply chains in the chemical industry and has developed a unique portfolio of tools to enable and facilitate this transition. We believe that combining the unique skill set of the Circularise team with the deep sector expertise of Brightlands Venture Partners will allow Circularise to accelerate in bringing supply chain transparency to the chemical industry,” says Mary McCarthy, Partner at Brightlands Venture Partners.

“Through collaboration with Circularise, we, Asahi Kasei, expect to contribute to building a transparent supply chain as a supplier’s responsibility and shift to a circular economy by promoting utilisation of products made from biomass and recycled raw materials,” says Takashi Morishita, President of CVC at Asahi Kasei.

“The Circularise team is and continues to be the leader in blockchain for sustainability and traceability. 4impact has been an early investor and supporter and we are thrilled to continue on our joint journey towards a circular economy. Circularise’s proprietary technology coupled with the team’s expertise and unwavering commitment will enable complex value chains to be reformed to more environmentally friendly and cost-effective ways,” says Ali Najafbagy, Managing Partner and co-founder of 4impact capital.

As per MRC, Neste and Rolls-Royce have agreed to build a strategic partnership on accelerating the use of renewable diesel as a lower-emission solution for diesel engines. Both parties share a common vision of renewable fuels playing a key role in reducing greenhouse gas emissions in off-highway applications, such as construction and power generation.

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Lummus Novolen Technology launches new PPure polypropylene grades

Lummus Novolen Technology launches new PPure polypropylene grades

MOSCOW (MRC) -- Lummus Technology announced the launch of its Novolen PPure polypropylene (PP) portfolio, a new grade-range of polymers suitable for supporting production of high-quality products for automotive, healthcare components and food packaging materials, said Hydrocabonprocessing.

The new non-phthalate process technology provides significant energy savings by delivering an improved hydrogen response with the catalyst.

"Lummus continues to raise the bar with Novolen's new line of PPure polypropylene process technologies," said Romain Lemoine, Chief Business Officer of Polymers and Petrochemicals, Lummus Technology. "The PPure portfolio provides our end users access to new and more sustainable product grades, plus the innovative technology extends the application of an existing plant and reduces CO2 emissions that is unmatched in the current marketplace. We are proud to offer operators a choice in technology based on their need or end-product targets and help our licensees remain competitive in the marketplace."

The PPure technology portfolio includes several variants applicable for an operators' process and end-product requirements. Grades within PPure include high crystallinity homopolymers, ethylene random copolymers and advanced impact copolymers.

The high-crystallinity homopolymers are suitable for injection molding, thermoforming, raffia, cast film and compounding applications. The ethylene random copolymers include high-flow characteristics and ethylene content up to 5 percent, delivering excellent clarity and low extractables, making them a perfect choice for food packaging applications. The advanced impact copolymers convey high flowability and have excellent impact-stiffness balance and no-break behavior, ideal for lightweight interior and under-the-hood automotive parts.

Lummus Novolen Technology GmbH licenses the industry leading Novolen polypropylene technology and provides engineering, technical support and advisory services to the refining industry. The Novolen portfolio includes NPM advanced process controls system, PPConnect digital data analysis platform and Lummus O3S operator training simulator. The Novolen technology includes NEON low volatile extrusion equipment and components, Novolen ComPPact process reactors, which can be used by implementing the proprietary VRC reactor system, allowing for maximum product range and capacity flexibility. Novolen catalysts are available to licensees to produce high-performance and special polypropylene grades and include Novolen CirPPlus recycled polymers, Novolen Enhance performance polymers, PPure polymers and Novocene metallocene catalysts.

Earlier it was reported that on November 8, KazMunayGas launched a new plant for the production of polypropylene with a capacity of 500 thousand tons per year in Atyrau, Western Kazakhstan. The new plant is valued at USD2.6 billion and will be able to produce up to 65 types of polypropylene to meet domestic demand, as well as export polypropylene to foreign markets. It uses Catofin and Novolen technologies provided by Lummus Technology.
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Teijin to partner with European carbon-management firms for accelerated reduction of greenhouse gas emissions

Teijin to partner with European carbon-management firms for accelerated reduction of greenhouse gas emissions

MOSCOW (MRC) -- Teijin Limited announced that it will form a business partnership with European carbon-management professionals GreenDelta GmbH, Makersite GmbH, Minviro Ltd and PRe Sustainability B.V. to establish a new system aimed at accelerating Teijin’s reduction of greenhouse gas (GHG) emissions throughout product life cycles, said the company.

The partnership is expected to further Teijin’s ongoing life cycle assessment (LCA) initiatives to reduce GHG emissions in its manufacture of carbon, aramid fibers and other products as well as lower the environmental impact of product life cycles in a wide range of supply chains, including indirect emissions from the value chains of customer companies, both upstream and downstream (Scope 3), in accordance with the GHG protocol. GHG emission-calculation data and software will be used to visualize emissions from various materials, parts and products, which will support the creation of enhanced emissions-reduction measures.

GreenDelta is a developer of the broadly used LCA and sustainability software offering sustainability consultancy and support. Makersite has a platform that powers sustainable products and supply chain decisions at scale utilizing AI and digital twins. Minviro has an LCA software and is well known for consulting covering the raw materials and battery sectors. PRe Sustainability is a developer of the well-known software and providing various consulting. The know-how and expertise of these companies as well as Teijin will be used to calculate LCA and GHG emissions for environmental impact reduction in a wide range of supply chains.

Teijin aims to further its analysis of GHG emission data to reduce the environmental impacts of its own carbon, aramid fibers and fiber reinforced plastics (FRP) as well as indirect emissions in Scope 3. Teijin also plans to integrate data on the environmental value of recycled materials it collects and tracks in order to visualize the environmental impacts of materials disposal, recycling and reuse, based on which the company expects to disclose more reliable LCA quantitative data.

We remind, Teijin Frontier Co., Ltd., the Teijin Group’s fibers and products converting company, announced that its core base for polyester fiber manufacturing, Teijin Polyester (Thailand) Limited (TPL), launched a cutting-edge automated facility for the highly efficient production of polyester filaments.

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Chevron Phillips Chemical and QatarEnergy to construct integrated polymers facility

Chevron Phillips Chemical and QatarEnergy to construct integrated polymers facility

MOSCOW (MRC) -- Chevron Phillips Chemical Company LLC and QatarEnergy announced that they are proceeding with the construction of an USD8.5 B integrated polymers facility in Orange, Texas, expected to create more than 500 full-time jobs and approximately 4,500 construction jobs and generate an estimated USD50 B for the community in residual economic impacts, said Hydracarbonprocessing.

The companies have made a positive final investment decision on the project and created a joint venture company, Golden Triangle Polymers Company LLC, named for the Golden Triangle region of Texas that includes the city of Orange. Chevron Phillips Chemical owns a 51% equity share in the joint venture and QatarEnergy owns 49%.

“Chevron Phillips Chemical and QatarEnergy have collaborated for over 20 years on the assets we operate together in Qatar. We have a great relationship and a proven track record of operating these facilities safely and reliably,” said Chevron Phillips Chemical President and CEO Bruce Chinn. “Our products help make life better for billions of people every day, and they are part of a lower carbon future. This facility will help meet the growing demand for our products and improve the quality of life for the world’s growing global population.”

His Excellency Mr. Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of QatarEnergy said: “We are excited to announce taking the FID on our largest petrochemical investment ever, highlighting QatarEnergy’s integrated position as a major player in the LNG and international exploration sectors, as well as being a global petrochemicals producer. This important project will complement QatarEnergy’s growing portfolio, both internationally as well as in the United States, and will help meet growing global demand for polymers. It builds on our long-term and successful partnership with Chevron Phillips Chemical, and we look forward to further collaborations in the future.”

Once operational, the plant will produce Marlex polyethylene. Polyethylene is used in the production of durable goods like pipe for natural gas and water delivery and recreational products such as kayaks and coolers. It is also used in essential packaging applications to protect and preserve food, helping prevent it from going to landfills, and keep medical supplies sterile.

The plant, expected to begin operations in 2026, will include a 2,080,000 tpy ethane cracker and two 1,000,000 tpy high-density polyethylene units. The project is targeting to have approximately 25% lower greenhouse gas emissions than similar facilities in the United States and Europe, supporting the company’s efforts to help enable a lower carbon future. Chevron Phillips Chemical will manage engineering, procurement and construction for the project and operate the facility after start-up.

Construction of the Golden Triangle Polymers plant will begin immediately near Chevron Phillips Chemical’s existing facility in Orange, located 113 miles east of Houston. Chevron Phillips Chemical and its predecessors have had a presence in the Orange community since 1955.

We remind, Chevron Corporation and Japan's Mitsui O.S.K. Lines (MOL), Ltd. (MOL) have signed an agreement to study the feasibility of transporting liquefied carbon dioxide from Singapore to permanent storage locations offshore Australia. Under the JSA, Chevron and MOL will explore the technical and commercial feasibility of initially transporting up to 2.5 million tonnes per annum (Mtpa) of liquified CO2 by 2030.

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Chemours and Honeywell announce recycling program

Chemours and Honeywell announce recycling program

MOSCOW (MRC) -- The Chemours Company, and Honeywell, announced the launch of a new pilot program to enable qualified companies to recycle and reclaim R-448A, also known as Honeywell Solstice® N40, and R-449A, also known as Opteon™ XP40, patented HFO refrigerant blends in the European Union and the United Kingdom, said the company.

In recent years, global regulatory drivers and the increasing need for a circular economy have spurred interest in activities such as recycling and reclamation of refrigerants. Chemours and Honeywell are uniquely positioned to support these activities and license qualified companies to recycle and reclaim patented fluorochemical refrigerants. The old refrigerant is cleaned, returned to specification and used for service of refrigeration systems that need it. To ensure the integrity of these operations and the safety and quality of the resulting R-448A and R-449A, important criteria have been established for potential program participants including audit requirements and strict record-keeping.

We remind, The Chemours Company (Wilmington, Del.) announced that it will be expanding its Chemours Opteon YF (HFO-1234yf) capacity to help meet customer needs as they continue transitioning to lower GWP refrigerants. The Opteon YF and YF blends refrigerants are now used in millions of vehicles and thousands of retail stores around the world, with zero ozone depletion potential (ODP) and global warming potential (GWP) that is significantly lower than the legacy refrigerants.

Chemours is committed to leadership in responsible manufacturing, and this capacity investment will contribute to its goal of shifting the company’s product portfolio to offerings that contribute to achieving the United Nations Sustainable Development Goals (UN SDGs). Chemours is evaluating potential locations in the United States and Europe for the investment in accordance with applicable regulatory frameworks and is particularly interested in supporting the local communities where they operate.
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