Sustainable Chemicals – De Nora, a historic Italian company established in Milan in the 1920s, is forging ahead in the production of electrolysers, key components for zero-emission energy 11-04-2024
Sustainable Chemicals
Crude Oil Prices Trend
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Neste and Lotte Chemical Forge Alliance for Sustainable Chemicals and Plastics
Neste and Lotte Chemical are joining forces to revolutionize the chemicals and plastics industry. Their strategic partnership aims to supplant fossil resources with renewable materials in chemical and plastic production, promising greener solutions across various sectors.
Neste will supply Lotte Chemical with its renewable raw material, Neste RE™, derived entirely from renewable sources.
Lotte Chemical will utilize Neste RE at its Korean facilities to manufacture a variety of plastics and chemicals from its extensive product range. Sustainable Chemicals
These eco-friendly alternatives will find application in diverse sectors including packaging, construction, textiles, and electronics, maintaining the quality and performance of conventional products.
Recognizing the imperative to transition from fossil fuels, both companies are committed to driving sustainability in their operations.
Jeroen Verhoeven, Vice President of Value Chain Development for renewable polymers and chemicals at Neste, expresses anticipation for the collaboration: “We eagerly anticipate advancing renewable solutions with Lotte Chemical. Sustainable Chemicals
Together, we can pioneer sustainable supply chains, reducing emissions across multiple sectors and applications.”
BioPowder replaces synthetic components with bio-composites
Key Highlights:
- BioPowder is shifting towards natural materials like plant-based polymers and functional fillers in the composites industry.
- BioPowder aims to reduce environmental footprints while enhancing functional properties, partnering with manufacturers to create genuinely sustainable products.
- They transform olive oil by-products into high-quality powders with unique characteristics, making them highly suitable as natural fillers and reinforcing fibres in composite materials. Sustainable Chemicals
BioPowder is a specialist for innovative fibre additives and functional composite fillers originating from the circular economy. By transforming olive oil by-products into powders of high quality with unique characteristics such as excellent stability, homogeneous particle shape and a bright colour, they become highly suitable natural fillers and reinforcing fibres for composite materials.
Composites are materials made of two components that have distinct physical and chemical properties. In combination, the two components ensure enhanced characteristics of the finished compound. Sustainable Chemicals
In recent times, there has been a strong trend of making natural composites, i.e. nature-inspired materials with a reduced carbon footprint and better recyclability.
Energy tech firm Baker Hughes has won a contract with Snam, a leading European energy infrastructure company
The deal involves supplying three NovaLT™12 gas turbine-powered turbocompressors to Snam, capable of using a 10% hydrogen blend. This partnership marks a significant stride in decarbonizing Italy’s gas network.
The contract, awarded in Q1 2024, is for a new gas compressor station in Sulmona, Italy, part of Snam’s Adriatic Line pipeline project.
This project aims to improve energy transportation to northern Europe and aligns with Snam’s 2040 carbon neutrality goal. Sustainable Chemicals
Baker Hughes and Snam’s collaboration has already seen the successful testing of the world’s first “hybrid” hydrogen turbine in 2020 and the installation of a NovaLT™12 turbine at Snam’s Istrana site in 2022.
Ganesh Ramaswamy, EVP of Industrial & Energy Technology at Baker Hughes, stressed the importance of ongoing partnership in driving the energy transition. He underscored Baker Hughes’ commitment to innovation, as demonstrated by the NovaLT™12 development, which supports decarbonization and the hydrogen economy. Sustainable Chemicals
Baker Hughes also highlighted its hydrogen projects, including a new testing facility in Florence, Italy, and the completion of NovaLT™16 hydrogen turbines for projects in Canada and Saudi Arabia. With a century-long history in hydrogen technology, Baker Hughes contributes to the global shift towards cleaner energy.
De Nora, a historic Italian company established in Milan in the 1920s, is forging ahead in the production of electrolysers, key components for zero-emission energy
While the European Commission recently allocated 1.1 billion euros for electrolyser production in Italy, De Nora is taking a different approach. Recognizing the need for swift action in the green transition, De Nora has established a new factory in Okayama, Japan, to produce these sought-after machines. Despite the EU funding, De Nora’s initiative abroad demonstrates a proactive stance toward advancing green technology.
The company’s global expansion includes plans for new facilities in India and the USA, underlining its commitment to driving decarbonization worldwide. Paolo Dellachà, CEO of De Nora, emphasizes the importance of territorial coverage to ensure widespread impact and maintain the company’s leading position in the global market. Sustainable Chemicals
De Nora’s investments reflect a strategic vision for navigating the complexities of the energy transition. By expanding operations across multiple continents, the company aims to maximize its influence and contribute to the global shift toward sustainability. Despite its international reach, De Nora remains rooted in Italian heritage, showcasing the adaptability and agility required to thrive in today’s rapidly evolving landscape of green technologies.
CarpeCarbon shines as a pioneer in the fight against carbon emissions, aligning with the urgent call from the latest IPCC report to significantly reduce atmospheric CO2 levels
This Italian venture, based in Turin, is on the verge of launching Italy’s first direct carbon capture (DAC) facility. Sustainable Chemicals
Their philosophy is clear: simply stopping emissions is not enough.
Their innovative DAC technology stands out for its scalability and energy efficiency. It operates on renewable energy, avoiding harmful chemicals, thus reducing environmental harm and energy costs. Their supply chain is also designed to be independent of critical minerals, enhancing resilience and sustainability.
CarpeCarbon is at the forefront of repurposing captured CO2 for various industries, including synthetic fuel and pharmaceuticals, embodying the UN’s Sustainable Development Goal 12 for sustainable consumption and production. Sustainable Chemicals
The initiative has garnered significant investment from Tech4Planet, Cdp Venture Capital, and 360 Capital, funding that is crucial for the development of Italy’s inaugural DAC system—a significant step in the climate change battle.
CarpeCarbon’s vision extends beyond carbon capture; it represents a shift towards conscientious planetary management. The company emphasizes DAC as an essential waste management service in our carbon-impacted era, highlighting the need for decisive action amidst rising emissions. This approach not only addresses environmental concerns but also paves the way for sustainable industrial practices. Sustainable Chemicals
European PET Market Continues Upward Price Movement, Entering April 2024
The European Polyethylene Terephthalate (PET) market embarked on a bullish trajectory as it stepped into April 2024, building upon the significant upward momentum witnessed in March 2024.
Germany, a key player in PET market, saw PET prices rise by approximately 0.7% during the initial week of April 2024, following a notable 1.16% increase in March. This surge in prices was spurred by heightened demand downstream, coinciding with the Ester break festivities and the onset of April. Sustainable Chemicals
Suppliers, keen on boosting future demand, swiftly filled their order books for April.
Meanwhile, across Europe, PET raw materials experienced modest increases in March 2024. In Germany specifically, PET feedstock such as Mono Ethylene Glycol (MEG) surged by about 4.2%, while Purified Terephthalic Acid (PTA) saw a 0.5% uptick in the domestic market.
These upward movements in feedstock prices were likely influenced by the bullish sentiment prevailing in crude markets, propelled by surging oil prices driven higher by a drone attack on a major Russian oil refinery and escalating tensions in the Middle East. Consequently, downstream petrochemical prices soared, potentially constraining further margin recovery for European PET resin producers due to increased raw material costs. Despite this, downstream customers maintained a conservative outlook on demand, holding minimal stock levels in anticipation of possible price decreases in the upcoming months. Sustainable Chemicals
CATL, the premier electric vehicle battery manufacturer, has unveiled a groundbreaking innovation: a new EV battery developed in partnership with Yutong Bus Co, a prominent Chinese bus manufacturer
This cutting-edge battery boasts an unprecedented 932,000-mile (1.5 million km) lifespan and a 15-year warranty, heralding a new era of endurance in commercial vehicle technology.
In a testament to its durability, the battery exhibited no degradation after 1,000 charge cycles, setting a remarkable industry standard. This milestone builds upon the decade-long collaboration between CATL and Yutong, focused on advancing battery technology for commercial vehicles and exploring new materials.
Already, Yutong’s buses equipped with CATL batteries have made significant inroads into over 40 countries, including key markets like Italy, France, the United Kingdom, Spain, and Qatar. This global expansion solidifies CATL’s position as the forefront leader in EV battery innovation, bolstering its presence on the international stage. Sustainable Chemicals
Through synergistic efforts, CATL and Yutong aim to transcend national boundaries, introducing pioneering vehicles and batteries to new markets worldwide. This bold partnership underscores their commitment to revolutionizing transportation through sustainable, high-performance solutions.
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