Shell plc third quarter 2022 interim dividend

Shell plc third quarter 2022 interim dividend

MOSCOW (MRC) -- The Board of Shell plc announced the pounds sterling and euro equivalent dividend payments in respect of the third quarter 2022 interim dividend, which was announced on October 27, 2022 at USD0.25 per ordinary share, said the company.

Shareholders have been able to elect to receive their dividends in US dollars, euros or pounds sterling. Holders of ordinary shares who have validly submitted US dollars, euros or pounds sterling currency elections by November 25, 2022 will be entitled to a dividend of USD0.25, EUR0.2398 or 20.61p per ordinary share, respectively.

Absent any valid election to the contrary, persons holding their ordinary shares through Euroclear Nederland will receive their dividends in euros at the euro rate per ordinary share shown above. Absent any valid election to the contrary, shareholders (both holding in certificated and uncertificated form (CREST members)) and persons holding their shares through the Shell Corporate Nominee will receive their dividends in pounds sterling, at the pound sterling rate per ordinary share shown above.

Euro and pounds sterling dividends payable in cash have been converted from US dollars based on an average of market exchange rates over the three dealing days from November 30 to December 2, 2022. This dividend will be payable on December 19, 2022 to those members whose names were on the Register of Members on November 11, 2022.

We remind, Shell Chemical Appalachia LLC announced it has commenced operations of its Pennsylvania Chemical project, Shell Polymers Monaca (SPM). The Pennsylvania facility is the first major polyethylene manufacturing complex in the Northeastern United States and has a designed output of 1.6 MMt annually.

Dow announced the launch of polyurethane technology for insulated metal panels

Dow announced the launch of polyurethane technology for insulated metal panels

MOSCOW (MRC) -- Dow announced the launch of V PLUS Perform™ next, an evolution of its legacy V PLUS Perform™ polyurethane technology for insulated metal panels, said the company.

The offering brings together the high-performance energy efficiency and fire safety features of V PLUS Perform™, with low carbon and circular ingredients designed to customer specifications.

“The new energy performance of buildings directive1 adds urgency for buildings that require energy efficient insulation with decreased embodied carbon,” said Alberto Mercati, Marketing Fellow at Dow. “For the last five years, V PLUS Perform™ has enabled insulated metal panel manufacturers to deliver building envelopes that couple energy efficiency and fire safety. V PLUS Perform™ next supports insulated panel manufacturers to select lower carbon and circular construction ingredients from the design phase to the delivery of a novel class of products for more sustainable buildings."

“The construction industry currently accounts for around half of all extracted material2 and has been identified as one of the main European industries requiring a coordinated and efficient strategy to achieve the EU Green Deal goals,” said Cyrille Schenck, Senior Sales Director, Dow Polyurethanes. “Dow has developed V PLUS Perform™ next to respond directly to these challenges. We look forward to collaborating with customers through the V PLUS Perform™ next Alliance Program.”

Dow sources alternative raw materials from bio-based feedstocks from non-competing food and feed sources and technical circular feedstocks from various sources of post-consumer and post-industrial waste. These alternative feedstocks are used in the production of polyurethanes and allocated using the mass balance chain of custody, which is validated by the International Sustainability & Carbon Certification (ISCC) PLUS. Over a quarter of total energy used in the production process of V PLUS Perform™ next is renewable, certified with EU Renewable Energy Systems (RES) Certification.

We remind, Dow announced its 2022 Business Impact Fund selections: nine projects that help solve social challenges and advance sustainable solutions through multistakeholder collaboration. Founded in 2016, the Business Impact Fund brings together nonprofit organizations, entrepreneurs, and Dow customers, partners and employees to tackle many of society’s biggest challenges.

ExxonMobil and Pertamina advance regional carbon capture and storage project in Indonesia

ExxonMobil and Pertamina advance regional carbon capture and storage project in Indonesia

MOSCOW (MRC) -- The Heads of Agreement builds upon a joint study and memorandum of understanding that was signed at COP26 in Glasgow, Scotland to assess carbon capture and storage technologies, low-carbon hydrogen and geologic data, said the company.

The agreement defines next steps for the project including concept-select, pre-Front End Engineering Design, and a subsurface work program. The agreement was signed by Pertamina President Director and Chief Executive Officer Nicke Widyawati and Irtiza Sayyed, vice president, ExxonMobil Low Carbon Solutions and president of ExxonMobil Indonesia. The signing was witnessed by U.S. Ambassador for Republic Indonesia, H.E. Sung Y. Kim and Indonesia’s Coordinating Minister for Maritime and Investment Affairs H.E. Luhut B. Pandjaitan, and Jack Williams, senior vice president, Exxon Mobil Corporation.

“This agreement supports Indonesia’s net-zero ambition and its goal to become a carbon capture and storage leader in the region,” said Dan Ammann, president, ExxonMobil Low Carbon Solutions. “By providing a large-scale storage solution for hard-to-decarbonize sectors, our companies will support Indonesia’s growing economy through low-carbon investments, creating job opportunities and adding revenues for the country.”

The Indonesian government is working to develop supportive CCS regulations and initiating discussions with other governments in the region. “This milestone is a solid foundation for Indonesia to systematically work toward our net-zero target by 2060 or sooner,” said H.E. Luhut B. Pandjaitan. “Indonesia is growing, and it is imperative for us to address our carbon footprints for our future generations.”

ExxonMobil Low Carbon Solutions is working to bring lower-emission technologies to market, making them accessible to hard-to-decarbonize industries, including its recent agreement with a leading global manufacturer of nitrogen and hydrogen products in Louisiana, United States. It is focusing its carbon capture and storage efforts on point-source emissions, the process of capturing CO2 from industrial activity that would otherwise be released into the atmosphere. Once captured, the CO2 is injected into deep, underground geologic formations for safe, secure and permanent storage.

Carbon capture and storage is a safe, proven technology that can enable some of the highest-emitting sectors to meaningfully reduce their emissions. These industries include manufacturing, power generation, refining, petrochemical, steel, and cement operations. With effective government policies in place, broad deployment of commercial-scale carbon capture and storage projects could create a new industry, resulting in job creation and economic growth.

We remind, ExxonMobil and Mitsubishi Heavy Industries (MHI) have joined forces to deploy MHI’s leading CO2 capture technology as part of ExxonMobil’s end-to-end carbon capture and storage (CCS) solution for industrial customers.

Azelis and DSM food specialties form partnership in Italy

Azelis and DSM food specialties form partnership in Italy

MOSCOW (MRC) -- Effective from 1 January 2009, this new partnership reflects DSM Food Specialties’ commitment to developing its baking enzymes and savoury ingredients business in the region, said Foodingredientsfirst.

08/01/09 Leading European specialty chemicals and ingredients distributor, Azelis, has been appointed by DSM Food Specialties for the exclusive distribution of its baking enzymes and savoury ingredients in Italy. Effective from 1 January 2009, this new partnership reflects DSM Food Specialties’ commitment to developing its baking enzymes and savoury ingredients business in the region and providing customers with consistently high quality service.

Commenting on the agreement, Tonio Grassman, international business director Azelis Food & Health and general manager of Giulio Gross, the Life Sciences competence centre of Azelis in Italy, commented: “We are delighted to be working with DSM Food Specialties. This partnership gives us an exceptionally strong portfolio of baking enzymes and yeast based ingredients to take to the Italian market, including recognised brands such as Bakezyme, Cakezyme, Gistex, Maxarome and Maxavor. It enables manufacturers to access innovative ingredients from a market leading global organisation, whilst still benefiting from our specialist local knowledge and market understanding. We look forward to a positive and rewarding relationship."

Hans Meeuwis , regional sales director Europe, Middle East and Africa, DSM Food Specialties, added: “We are focused on offering customers in Italy unrivalled ingredients innovation and demand the same level of commitment from our partners. With its exceptional understanding of local culture and business practice in Italy, combined with a robust infrastructure, Azelis is the perfect fit. Equally important in this partnership is the integration of our core values of excellence, reliability and customer support throughout our products’ route to market – an approach which is clearly used by Azelis.

“The recent expansion of our savoury ingredients production capacity means we are well placed to meet the anticipated growth in demand. Customers working with Azelis Italia can be confident of efficient supply and quality service tailored to meet their requirements."

The new agreement extends to additional market sectors. Azelis Italia is also the sole distributor of DSM Food Specialties’ beverage enzymes in Italy.

Earlier this week it emerged that following the recent distribution agreement for Baking Enzymes with DSM Food Specialities, S. Black is now also able to offer DSM Beverage Enzymes in the UK.

The product range includes Brewers Clarex, a breakthrough solution for brewers with many benefits. With Brewers Clarex, brewers are able to increase production capacity without any further investment. Energy costs are saved which helps boost profitability and the brewing process is simplified. Brewers Clarex allows the shelf life of beer to be extended whilst maintaining the quality of the final product. Last but not least Brewers Clarex is a natural and environmentally friendly concept.

S. Black’s Food Business Unit Manager, Peter Hardy comments “The addition of beverage enzymes of DSM Food Specialities to our portfolio extends our offering to this dynamic sector. These, combined with our speciality flavour, functional, nutritional plus basic ingredients, means that we are well placed to provide a good technical, product and logistics service to all beverage producers whether looking to reduce costs, improve efficiency or extend their product range."

As per MRC, Azelis, a leading global innovation service provider in the specialty chemicals and food ingredients industry, announces that it has reached an agreement to acquire 100% of the shares of Chemical Solutions Sdn Bhd (“ChemSol”), one of the leading distributors of raw materials in the Personal Care, Cosmetics and Household markets in Malaysia.

Covestro and Circularise partner in ISCC PLUS certification across value chains

Covestro and Circularise partner in ISCC PLUS certification across value chains

MOSCOW (MRC) -- Covestro is proud to announce the successful completion of Circularise’s pioneering project with the certification scheme ISCC in which partners tested a blockchain system to complement the ISCC PLUS certification, said the company.

For the first time ten companies from the chemical industry and respective downstream sectors got together to test such a digital system to bridge the inter-company gap in the sustainability certification process across complex value chains.

Circularise’s blockchain-based digital system was tested with the ISCC PLUS certification to make auditing of certified parties more efficient, and to strengthen the integrity of certified data. Participants used a public blockchain enabling authentication, accessibility, decentralization, and encryption of data verifying material flows and related sustainability attributes. "We are excited to bring our knowledge in supply chain traceability and data management to project partners to test a public decentralised blockchain with the ISCC PLUS certification," said Mesbah Sabur, Founder of Circularise.

Material traceability and verification of data at individual sites and across the value chain are guaranteed by ISCC PLUS certification of each site of the operators, requiring site-specific audits, certification, and company-specific mass balance calculations to provide reassurance about the sustainable content. The data was uploaded to the Circularise software system to improve mass balance bookkeeping and reporting along the value chain through several companies.

"Certification will become more digital in the future. It will allow certification schemes to simplify the auditing process of supply chain actors and reduce the risk of mistakes. Companies will have an easier way to show compliance and adhere to auditing rules," says Jan Henke from ISCC. "We are excited to have tested Circularise’s traceability software on ISCC procedures."

We remind, Covestro has reached another important step towards its path to circularity, with the ISCC PLUS1 certification in Brazil for the sales of bio-2 and bio-circular2 attributed diphenylmethane diisocyanate (MDI) and toluylene diisocyanate (TDI). With this important milestone the company is expanding its sustainable efforts in one of the biggest and most important markets in Latin America.