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SMX Announces Planned Launch of World's First Plastic Cycle Token

Retrieved on:

Tuesday, November 28, 2023

CEFIC, Carbon, Plastic, Climate change, European Commission, PLC, Recycling, OECD, ISO, Perstorp, Impact, Biofuel, European, Carbon Brief, Cryptocurrency, SMX

NEW YORK and DUBAI, UAE, Nov. 28, 2023 /PRNewswire/ -- SMX (Security Matters) PLC (NASDAQ:SMX; SMXWW), a pioneer in digitizing physical objects for a circular economy, has announced today the planned launch of a groundbreaking plastic cycle token, scheduled for release in Q2 2024. Amidst a global context where only an estimated 9% of plastic is recycled1 (OECD, 2022) in a market valued at over $40 billion2 (Statista, 2021), this initiative is being designed to present a reliable, ethical digital credit platform, aiming to capitalize on billions of dollars in recyclable plastics credits in a newly created market.

Key Points:

The contemplated collaboration is expected to amalgamate a diverse array of partners and sponsors, each contributing distinct skills and expertise to create the Plastic Cycle Token.
This tradeable plastic cycle token is being designed to enable companies to transition towards sustainable practices, encouraging entities within and outside the plastic ecosystem, including oil producers and waste management firms, to increase recycled content utilization.
This initiative is also expected to position the SMX Plastic Cycle Token as a next-generation alternative to carbon credits, creating a new paradigm in the Impact ESG investment landscape.
SMX's technology enables physical traceability, supporting this Plastic Cycle Token model, and SMX believes will incentivize genuine plastic recycling.

Aduro Clean Technologies Welcomes Eric Appelman as Chief Revenue Officer

Retrieved on:

Tuesday, September 12, 2023

Mr. Appelman is a seasoned chemical engineer who boasts an impressive 35-year career across diverse relevant sectors and multinational corporations.

Key Points:

Mr. Appelman is a seasoned chemical engineer who boasts an impressive 35-year career across diverse relevant sectors and multinational corporations.
In his most recent capacity, Mr. Appelman held the position of Business Development Director and Chief Technology Officer at Brightlands Chemelot Campus in the Netherlands.
"I am honored to join Aduro Clean Technologies, a company that aims to revolutionize the recycling industry with its Hydrochemolytic™ technology," said Mr. Appelman.
I have seen many great concepts, companies, and teams stand up to this challenge and Aduro is one of the most exciting!”
“We are incredibly excited to welcome Eric to the Aduro family," said Ofer Vicus, CEO of Aduro Clean Technologies.

Piper Sandler Advises PETRONAS Chemicals Group Berhad on Acquisition of Perstorp

Retrieved on:

Tuesday, May 17, 2022

Piper Sandler & Co. chemicals investment banking announced today that it has advised PETRONAS Chemicals Group Berhad (PCG) on its acquisition of Perstorp Holding AB.

Key Points:

Piper Sandler & Co. chemicals investment banking announced today that it has advised PETRONAS Chemicals Group Berhad (PCG) on its acquisition of Perstorp Holding AB.
The transaction Enterprise Value is 2,300 million and base purchase price, less adjusted net debt, is 1,538 million.
PCG is the leading integrated chemicals producer in Malaysia and one of the largest in Southeast Asia.
Piper Sandler Companies (NYSE: PIPR) is a leading investment bank driven to help clients Realize the Power of Partnership.

TreeToTextile is growing its management team to take on the next steps towards commercialization

Retrieved on:

Thursday, October 7, 2021

CTO, Inter, Stora Enso, Chemical engineering, Engineering, Plant, Master of Science, Development, CEO, SSAB, Leadership, Perstorp, Inter IKEA Holding, Management

STOCKHOLM, Oct. 7, 2021 /PRNewswire/ -- TreeToTextile offers a newly developed technology that produces biobased textile fibers with a low environmental footprint at an attractive cost level. Therefore, TreeToTextile is currently constructing a demonstration plant at Stora Enso's Nymölla mill in southern Sweden for upscaling the process technology. In connection with the investment, the company´s management team will also be expanded.

Key Points:

To execute the owners' investment and TreeToTextile's ambitious commercialization plan, the company appoints Marie Grnborg as the new Chief Executive Officer.
In connection with the investment, the companys management team will also be expanded.
Marie Grnborg is appointed as the new CEO to lead the company in its next steps towards industrial upscaling and global commercialization.
TreeToTextile - Sustainable textile fibers are in growing demand, and the world is in need for new and better fibers.

TreeToTextile is growing its management team to take on the next steps towards commercialization

Retrieved on:

Thursday, October 7, 2021

CTO, Inter, Stora Enso, Chemical engineering, Engineering, Plant, Master of Science, Development, CEO, SSAB, Leadership, Perstorp, Inter IKEA Holding, Management

In connection with the investment, the companys management team will also be expanded.

Key Points:

In connection with the investment, the companys management team will also be expanded.
Marie Grnborg is appointed as the new CEO to lead the company in its next steps towards industrial upscaling and global commercialization.
The team on site will closely work together with the already existing management team: Olli Yl-Jarkko (CTO), sa stlund (Head of R&D), and Ida Alnemo (Head of Textile Development & Design).
TreeToTextile - Sustainable textile fibers are in growing demand, and the world is in need for new and better fibers.

The Formaldehyde Market Valuation Would Surpass USD 6,160 Million by 2027, Says Global Market Insights Inc.

Retrieved on:

Wednesday, September 22, 2021

SELBYVILLE, Del., Sept. 22, 2021 (GLOBE NEWSWIRE) -- According to the recent report published by Global Market Insights Inc., the Formaldehyde Market is projected to surpass a valuation of USD 6,160 million by 2027.

Key Points:

SELBYVILLE, Del., Sept. 22, 2021 (GLOBE NEWSWIRE) -- According to the recent report published by Global Market Insights Inc., the Formaldehyde Market is projected to surpass a valuation of USD 6,160 million by 2027.
The formaldehyde market from the hexamine derivative segment is set to grow at a CAGR of over 6% through 2027.
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider.
Offering syndicated and custom research reports, growth consulting and business intelligence services, Global Market Insights, Inc. aims to help clients with penetrative insights and actionable market data that aid in strategic decision making.

Polygiene Launches ViralOff, a Polygiene Technology

Retrieved on:

Thursday, April 2, 2020

Companies, Perstorp, Virus, Computer virus, General Electric, Economy of the United States, Industries

As smart scientists and technicians at the Swedish chemical company Perstorp came up with new solutions, a new company was spun off - Polygiene.

Key Points:

As smart scientists and technicians at the Swedish chemical company Perstorp came up with new solutions, a new company was spun off - Polygiene.
So, we have rapidly gone back to our roots in the healthcare sector and our knowhow and learnings on combating viruses, and today we announce the launch of a new product - ViralOff, a Polygiene technology.
The information was submitted for publication, through the agency of the contact person set out below, at 08.30 CET on April 2, 2020.
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For press images and more information, visit ir.polygiene.com or contact: