Category: Chemicals & Materials

Maersk signs agreement with Shanghai International Port Group on green methanol bunkering

Maersk signs agreement with Shanghai International Port Group on green methanol bunkering

March 30, 2023 |

In China, A.P. Moller-Maersk (Maersk) announced a Memorandum of Understanding (MoU) with Shanghai International Port Group (SIPG) on strategic cooperation for Shanghai Port methanol marine fuel project. The two parties will jointly explore green methanol fuel vessel-to-vessel bunkering operation after Maersk’s green methanol container vessels being delivered in 2024. “Collaborating with ports globally to build […]

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PureWest Energy and Proman sign deal to reduce scope 3 methanol footprint via digital tokens

PureWest Energy and Proman sign deal to reduce scope 3 methanol footprint via digital tokens

March 30, 2023 |

In Colorado, PureWest Energy and Proman announced their closure on a blockchain-verified digital token-only transaction that significantly reduces Proman’s Scope 3 methanol footprint. Made possible through their partnership with Project Canary and EarnDLT (Earn), PureWest’s low-methane emissions data is minted into transactable Certified Environmental Tokens (CETs) to help Proman deliver certified low-carbon methanol to their […]

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Research shows biobased polyethylene market to reach $1.5bn by 2032

Research shows biobased polyethylene market to reach $1.5bn by 2032

March 30, 2023 |

In Delaware, Global Market Insight reported that the bio-based polyethylene market valuation is projected to reach $1.5 billion by 2032. “The high preference for biobased alternatives to fossil raw materials is likely to foster the demand for bio polyethylene in the textile sector. The increased consumption of energy and natural resources and the growing environmental […]

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Stora Enso and Kolon Industries collaborate on biobased materials

Stora Enso and Kolon Industries collaborate on biobased materials

March 30, 2023 |

In Finland, Stora Enso and Kolon Industries have signed an agreement to develop and industrialize bio-based polyesters and their applications, as well as renewable binder resin formulations. Application areas can cover, for example, packaging, car tire reinforcements, and films for high value-added products such as electronics, panels and displays, Stora Enso said. The development work […]

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United announces $15 million investment in carbon capture firm Svante

United announces $15 million investment in carbon capture firm Svante

March 29, 2023 |

In Illinois, United announced its $15 million investment in carbon capture technology company Svante, who provides materials and technology as part of the value chain that has the potential to convert CO2 removed from the atmosphere and from industrial emission sources into sustainable aviation fuel. This is the latest announced investment from the new UAV […]

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US FDA clears GOOD Meat’s cultivated chicken for sale

US FDA clears GOOD Meat’s cultivated chicken for sale

March 27, 2023 |

In California, cultivated meat maker GOOD Meat has received a “no questions” letter from the U.S. Food and Drug Administration for its cultivated chicken, marking just the second such approval in the United States. The letter means that “following a careful and rigorous evaluation,” the FDA has accepted the company’s conclusion that its first poultry […]

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adidas launches sugarcane foam slides

adidas launches sugarcane foam slides

March 27, 2023 |

In Germany, sneaker and sportswear brand adidas has launched a renewable version of its popular adiFOM Adilette slides. The slip-ons feature the black and white scheme and three stripes synonymous with the brand, but also include at least 25% renewable materials. The biobased content comes from sugarcane-based foam. The comfy, easy-on slides are available on […]

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Bioplastics maker Danimer Scientific announces $130-million term loan

Bioplastics maker Danimer Scientific announces $130-million term loan

March 27, 2023 |

In Georgia, Danimer Scientific, Inc. has closed a new $130-million senior secured term loan that “significantly improves its near-term liquidity position, and enables it to maintain strategic and operational flexibility.” Arranged by Jefferies, the loan bears an annual rate of 14.4%. After customary fees and expenses, net proceeds to Danimer were $98.6 million,  of which […]

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Stora Enso and Kolon Industries partner on biobased FDCA

Stora Enso and Kolon Industries partner on biobased FDCA

March 27, 2023 |

In Sweden, Stora Enso and Kolon Industries have signed a Joint Development Agreement to develop biobased polyesters and downstream applications, as well as renewable binder resin formulations for applications such as packaging, car tire reinforcements, and films for electronics, panels and displays. The development work will combine Stora Enso’s FuraCore® process for converting fructose into […]

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Hyosung looks to Origin Materials to advance biobased batteries, auto parts and apparel

Hyosung looks to Origin Materials to advance biobased batteries, auto parts and apparel

March 27, 2023 |

In California, Hyosung Materials has signed a reservation agreement to source biobased materials from Origin Materials for use in batteries, automotive parts, and apparel. Under the terms of the agreement, Hyosung Advanced Materials will purchase biobased materials from Origin Materials, including polyethylene terephthalate and a blend of PET and furandicarboxylic acid for use in tire […]

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