Chemical industry

TDK Ventures invests in pioneering e-fuel company INERATEC

Retrieved on:

Tuesday, January 16, 2024

Emerald, CO2, Aviation, Honda Rafaga, Innovation, WIND, Chemical industry, Recycling, UpLink, USD, TDK, Hydrocarbon, Transport, EX, Renewable energy

Led by Piva Capital, other investors include HG Ventures, Copec WIND Ventures, The Rock Creek Group, Emerald Ventures, and Samsung Ventures, as well as current investors, including large corporate investors ENGIE New Ventures, Safran Ventures, and Honda Motors.

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Led by Piva Capital, other investors include HG Ventures, Copec WIND Ventures, The Rock Creek Group, Emerald Ventures, and Samsung Ventures, as well as current investors, including large corporate investors ENGIE New Ventures, Safran Ventures, and Honda Motors.
"We are grateful for TDK Ventures' participation in our Series B funding," said Tim Boeltken, CEO of INERATEC.
TDK Ventures has shown it is fully committed to doing whatever it takes to make it successful and profitable."
To learn more about TDK Ventures, interested startups or investment partners should visit www.tdk-ventures.com or reach out at [email protected] .

INERATEC Raises $129 Million Led by Piva Capital to Usher in the Next Era of Sustainable Mobility

Retrieved on:

Tuesday, January 16, 2024

Emerald, CO2, Aviation, Series, Innovation, Ship, Hydrogen, WIND, Chemical industry, Recycling, Tree, UpLink, Transport, Renewable energy

KARLSRUHE, Germany, Jan. 16, 2024 /PRNewswire/ -- INERATEC, a pioneering e-Fuel company, announced it has raised over $129 million in its Series B funding round, led by Piva Capital with additional participation from HG Ventures, TDK Ventures, Copec WIND Ventures, RockCreek, Emerald, Samsung Ventures as well as the increased support from current investors, including global corporates like ENGIE New Ventures, Safran Corporate Ventures and Honda.

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"This financing round is a major milestone for INERATEC as well as the transition from fossil fuels to sustainable e-Fuels," said Tim Boeltken, CEO of INERATEC.
"With the new capital, we are positioned to catalyze a paradigm shift in the energy sector.
By transforming 1GW of renewable energy into 125 million gallons of sustainable e-Fuel by 2030, we are taking solid steps in creating a viable alternative to fossil fuels."
Every year, more than 4,000 million tons of fossil crude oil are processed into fuels and chemical products.

LBB Specialties Appoints Senior Vice President for LBBS Canada

Retrieved on:

Wednesday, January 10, 2024

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NORWALK, Conn., Jan. 10, 2024 /PRNewswire/ -- LBB Specialties (LBBS), a leading distributor of specialty chemicals and ingredients in North America, is pleased to announce the appointment of Jake Jevric as Senior Vice President of LBBS Canada.

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NORWALK, Conn., Jan. 10, 2024 /PRNewswire/ -- LBB Specialties (LBBS), a leading distributor of specialty chemicals and ingredients in North America, is pleased to announce the appointment of Jake Jevric as Senior Vice President of LBBS Canada.
In his new role, Jevric will be responsible for developing and executing the business and commercial strategy for LBBS Canada.
With a wealth of experience in the chemical industry, Jevric brings a diverse skill set to LBB Specialties.
"We are thrilled to have Jake join our senior commercial leadership team," said Hank DeWolf, President and CEO of LBB Specialties.

LBB Specialties Appoints Senior Vice President for LBBS Canada

Retrieved on:

Wednesday, January 10, 2024

Senior, Learning, Corporation, Knowledge, University, Chemical industry, MBA, Rotman School of Management, LBB, Chemical engineering, Toronto Metropolitan University, Growth

NORWALK, Conn., Jan. 10, 2024 /PRNewswire/ -- LBB Specialties (LBBS), a leading distributor of specialty chemicals and ingredients in North America, is pleased to announce the appointment of Jake Jevric as Senior Vice President of LBBS Canada.

Key Points:

NORWALK, Conn., Jan. 10, 2024 /PRNewswire/ -- LBB Specialties (LBBS), a leading distributor of specialty chemicals and ingredients in North America, is pleased to announce the appointment of Jake Jevric as Senior Vice President of LBBS Canada.
In his new role, Jevric will be responsible for developing and executing the business and commercial strategy for LBBS Canada.
With a wealth of experience in the chemical industry, Jevric brings a diverse skill set to LBB Specialties.
"We are thrilled to have Jake join our senior commercial leadership team," said Hank DeWolf, President and CEO of LBB Specialties.

PSC Group, a Portfolio Company of Aurora Capital Partners, Announces Expanded Last-Mile Logistics Solutions with Acquisition of Bayport Rail Terminal LLC

Retrieved on:

Tuesday, January 9, 2024

Port, Heart, PSC, Chemical industry, BRT, Acquisition, Wells Fargo, The Company

With significant undeveloped acreage, BRT is uniquely positioned to continue to expand and serve the surrounding industry and port needs.

Key Points:

With significant undeveloped acreage, BRT is uniquely positioned to continue to expand and serve the surrounding industry and port needs.
"The wide range of solutions and services provided by the Bayport Rail Terminal expands our existing capabilities, and we are thrilled to welcome it to the PSC family," said PSC CEO Joel Dickerson.
BRT marks the sixth acquisition completed by PSC Group since partnering with Aurora in 2019, including Prokar, Inc., Fryoux Tankerman Service, Akrotex Extrusion, Thermoplastics Services, Inc. and Steel Line Rail Services, LLC.
Wells Fargo Securities, LLC served as the exclusive financial advisor to US Development Group.

Global Pumps Market Size, Share & Trends Analysis Report 2024-2030: Renewable Energy Surge Creates Opportunities, Advanced Pump Technology Revolutionizes Industries with Enhanced Efficiency - ResearchAndMarkets.com

Retrieved on:

Monday, January 8, 2024

As exploration and extraction activities intensify, pumps are essential for transporting crude oil and other fluids throughout the production and refining processes.

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As exploration and extraction activities intensify, pumps are essential for transporting crude oil and other fluids throughout the production and refining processes.
The demand for pumps in this sector remains robust, contributing to the overall market growth.
Moreover, the increasing focus on renewable energy sources, such as solar & wind power, creates opportunities for the market.
The centrifugal pumps type segment led the market and held 66.9% share of the global market in 2023.

Koppers Announces Leadership Transition Plan

Retrieved on:

Thursday, January 4, 2024

Carbon, UIP, CMC, Retirement, Utility, Commercial director, Safety, Chemical industry, Koppers, Management

PITTSBURGH, Jan. 4, 2024 /PRNewswire/ -- Koppers Inc., a wholly-owned subsidiary of Koppers Holdings Inc. (NYSE: KOP), today announced a transition plan that will occur throughout 2024 for key leadership roles. The plan will culminate in the retirement of James Healey, Vice President, Utility and Industrial Products (UIP), effective December 31, 2024, after a 40-year career with the company. Mr. Healey will serve as Special Assistant to the President and COO effective July 1, 2024, and remain actively involved in the UIP leadership transition for the remainder of the year.

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James Healey, Vice President, Utility and Industrial Products, to Retire at Year-End 2024,
Jason Bakk Named Successor for Vice President, Utility and Industrial Products,
Brett Johnston Named Successor for Vice President,
PITTSBURGH, Jan. 4, 2024 /PRNewswire/ -- Koppers Inc., a wholly-owned subsidiary of Koppers Holdings Inc. (NYSE: KOP), today announced a transition plan that will occur throughout 2024 for key leadership roles.
Mr. Healey will serve as Special Assistant to the President and COO effective July 1, 2024, and remain actively involved in the UIP leadership transition for the remainder of the year.
Regarding his retirement, Mr. Healey said, "It has been my privilege to have made my entire career at Koppers.
As this transition gets under way, we have every confidence that Jason and Brett will succeed in their new roles.

American Institute of Chemical Engineers Honors Organizations and Leaders for Empowering Possibilities

Retrieved on:

Monday, December 11, 2023

NEW YORK, Dec. 11, 2023 (GLOBE NEWSWIRE) -- The American Institute of Chemical Engineers (AIChE) celebrated the contributions of the companies and the leaders of AdvanSix Inc. and Air Products, and showcased the good works of chemical engineers and their employers, at the 2023 AIChE Gala, held December 7 in New York City.

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NEW YORK, Dec. 11, 2023 (GLOBE NEWSWIRE) -- The American Institute of Chemical Engineers (AIChE) celebrated the contributions of the companies and the leaders of AdvanSix Inc. and Air Products, and showcased the good works of chemical engineers and their employers, at the 2023 AIChE Gala, held December 7 in New York City.
The award for AdvanSix was accepted by Erin Kane, the company’s President and Chief Executive Officer.
In accepting the award at the gala, Kane shared “AdvanSix is grounded in our focus on good chemistry.
Mitragotri thanked the AIChE foundation for recognizing drug delivery as a prominent contribution of chemical engineers to the field of medicine.

Ashland announces validation of comprehensive science-based greenhouse gas emissions reductions targets

Retrieved on:

Thursday, November 30, 2023

WILMINGTON, Del., Nov. 30, 2023 (GLOBE NEWSWIRE) -- The Science Based Targets initiative (SBTi) has validated the science-based greenhouse gas (GHG) emissions reductions targets submitted by Ashland Inc. (NYSE: ASH) as conforming with the SBTi Criteria and Recommendations.

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WILMINGTON, Del., Nov. 30, 2023 (GLOBE NEWSWIRE) -- The Science Based Targets initiative (SBTi) has validated the science-based greenhouse gas (GHG) emissions reductions targets submitted by Ashland Inc. (NYSE: ASH) as conforming with the SBTi Criteria and Recommendations.
The company has joined more than 6,500 businesses who have committed to the SBTi to reduce emissions in line with climate science.
“Ashland is proud to announce our ambitious science-based targets that reflect our purpose to responsibly solve for a better world,” said Guillermo Novo, chair and chief executive officer, Ashland.
Reducing our GHG emissions helps mitigate climate change and our actions contribute to our customers sustainability goals.”
The Science Based Targets initiative (SBTi) is a global body enabling companies and financial institutions to set ambitious emissions reduction targets in line with the latest climate science.

Daguan·Keweiwei Brand Value (China) Network Presented a Brief Overview of Global Industry Dynamics

Retrieved on:

Friday, November 17, 2023

Beijing, China, Nov. 17, 2023 (GLOBE NEWSWIRE) -- On November 17, 2023, www.bvrcn.com Daguan·Keweiwei Brand Value (China) Network, which developed first systematic, scientific, and comprehensive " China Brand Value Evaluation Standard " and successfully organized and globally released 8 sessions of “Daguan·Keweiwei China Brand Value Top 100” and 3 sessions of “Daguan ·Keweiwei World Brand Value Top 900”, presented a brief overview of global industry dynamics.

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Beijing, China, Nov. 17, 2023 (GLOBE NEWSWIRE) -- On November 17, 2023, www.bvrcn.com Daguan·Keweiwei Brand Value (China) Network, which developed first systematic, scientific, and comprehensive " China Brand Value Evaluation Standard " and successfully organized and globally released 8 sessions of “Daguan·Keweiwei China Brand Value Top 100” and 3 sessions of “Daguan ·Keweiwei World Brand Value Top 900”, presented a brief overview of global industry dynamics.
Fourthly, as for home appliance industry, in the first half of 2023, the home appliance industry did not do well.
Sixthly, as for finance industry, global financial regulation continues to tighten, strengthening the banking industry crisis response management.
Fifteenthly, as for the services industry such as tourism industry, hotel & food industry, education and training, experienced a positive growth.