Latest news with #ISCC
Bangkok Post
3 days ago
- Automotive
- Bangkok Post
Announcement of Investment Participation in Tyre Pyrolysis Recycling Business in Thailand
HANWA THAILAND CO., LTD. ('HANWA THAILAND'), a subsidiary of HANWA CO., LTD. ('HANWA'), has made a partial investment in PYRO ENERGIE CO., LTD. ('PYRO'), a tyre pyrolysis recycling company based in Thailand. Currently, a huge amount of used tyres and off-spec products from the tyre manufacturing process, are generated throughout the world. This has led to increasingly serious environmental issues caused by the illegal dumping and landfilling of waste tyres. While HANWA Group currently supplies tyre chips produced by shredding waste tyres as a low-impact energy source to industrial users in Japan, pyrolysis has become the dominant recycling method in many overseas markets. This process is decarbonization of waste tyres in an oxygen-free environment to produce valuable byproducts such as pyrolysis oil and carbon residue which can be reused not only as fuel but also as raw materials for new tyre production. Through this investment in PYRO, HANWA Group aims to enhance the value of pyrolysis derived products and build a global supply chain in partnership with tyre manufacturers. Our products will be supplied to the chemical industry, synthetic rubber sector and tyre manufacturers, contributing significantly to the advancement of a sustainable circular economy. HANWA and HANWA THAILAND have obtained the 'ISCC PLUS' and 'ISCC EU' certifications, which are part of the International Sustainability and Carbon Certification (ISCC) system.
The Star
3 days ago
- Business
- The Star
Greater oversight needed over used cooking oil
Environment-friendly: Hawker Che Chin Seng, 59, weighing his used cooking oil for sale. He collected RM33 after the first transaction at the Tanjung Bungah public market in Penang by doing it the right way. — ZHAFARAN NASIB/The Star PETALING JAYA: As more Malaysians turn to selling used cooking oil (UCO) for extra income, stakeholders have raised concerns over how some may exploit this trend by selling new, unused oil as UCO. The government too is tightening oversight of UCO exports to reinforce governance, prevent fraud and maintain Malaysia's credibility as a trusted supplier. UCO collecters say there have been cases where some individuals try to sell new cooking oil under the guise of used oil. ALSO READ: 'We have encountered a few suspicious cases in the past,' said Hillton Lee, co-founder of Recircle, a company that simplifies recycling items, such as UCO, through a digital app. 'Such cases usually come through our customer service touchpoints or directly from collection partners.' In these instances, individuals inquire about buy-back rates and provide information for collection. 'As part of our evaluation process, we request images for verification. Some submissions clearly showed packaged or unused oil, raising immediate red flags,' Lee said. CLICK TO ENLARGE These requests are rejected as they violate industry regulations. 'Attempting to pass off new oil as used undermines the sustainability goals we're working to achieve. We take these matters seriously to ensure the transparency and credibility of the buy-back system,' she said. Subsidised cooking oil is sold at RM2.50 per 1kg packet, which could see some individuals resell it for up to RM3.50 per kilo to UCO collectors. According to the Association of Used Cooking Oil Development Malaysia, UCO is typically sold in bulk to collectors who transport it to depots for pretreatment by licensed companies. After pretreatment, the UCO is sent to biodiesel manufacturers for conversion into biodiesel. The International Sustainability Carbon Certification (ISCC) guidance notes that the degraded properties of UCO makes it particularly suitable for specific biodiesel conversion processes. In contrast, virgin cooking oil is not classified as waste, and its use undermines the sustainability goal of transforming waste into energy. It also competes with the food supply and increases land-use emissions, counteracting the waste-to-energy conversion purpose. Dr Chatichai Chong, Arus Oil's chief marketing officer, noted that UCO generally looks darker and has higher acidity compared to virgin oil. 'However, certain oil grades also have a darker tone,' he said. Arus Oil's main UCO collections come from households, restaurants and processing factories. 'However, we have yet to encounter fraudulent cases ourselves,' Chong said. Arus Oil is licensed under the ISCC, requiring them to declare each point of origin for the used cooking oils. 'We also declare our monthly volume with the Malaysian Palm Oil Board (MPOB),' he added. As part of measures to prevent fraud, government agency MPOB is increasing oversight of UCO exports to strengthen governance. 'The board is reviewing standards and policies to better distinguish UCO from by-products like sludge palm oil (SPO), focusing on export integrity,' said MPOB director-general Datuk Dr Ahmad Parveez Ghulam Kadir. A key initiative is the Sawit Intelligent Management System (SIMS), a digital platform enhancing traceability from collection to export through real-time data logging and source verification. 'It helps detect irregularities and supports enforcement,' Ahmad Parveez said. Exporters must meet international certification standards, such as ISCC or equivalent frameworks. Misuse of subsidised cooking oil, including its diversion into the UCO export stream, is strictly prohibited under MPOB regulations, with offenders facing penalties. When contacted, Deputy Plantation and Commodities Minister Datuk Chan Foong Hin said it is critical to review UCO and SPO policies to avoid discrepancies and meet strict sustainability demands from overseas buyers. He added that MPOB continues to work with other regulators to monitor the industry closely.
Fibre2Fashion
6 days ago
- Business
- Fibre2Fashion
US' LYB & Polynt partner on low-carbon marine resin
LyondellBasell (NYSE: LYB), a leader in the global chemical industry, is proud to announce the expansion of its long-standing collaboration with Polynt, a global expert in specialty polymers and intermediates. Together, the companies are working to develop a high-quality resin for the marine industry, which leverages the LYB Styrene +LC (low carbon) solution. LYB +LC solutions are produced using a mass balance approach using the International Sustainability and Carbon Certification (ISCC) PLUS certification system. Sourced from bio-circular feedstocks, these products enable businesses to reduce their scope 3 greenhouse gas (GHG) emissions while maintaining the performance, reliability and quality that are essential for modern living. LyondellBasell and Polynt have expanded their collaboration to develop a high-performance, low-carbon resin for the marine industry using LYB's Styrene +LC solution. Sourced from bio-circular feedstocks and ISCC PLUS certified, the resin offers reduced carbon emissions while maintaining strength and durability, supporting sustainability in boat and yacht construction. 'Our +LC solutions offer a reduced carbon footprint compared to our equivalent products sourced from fossil-based feedstocks, helping businesses like Polynt achieve their sustainability targets while maintaining the high quality their customers expect', said Francesca Faranda, senior account manager at LYB. Polynt is utilizing LYB Styrene +LC to manufacture resins that are specifically designed for the construction of boats and yachts. These next-generation resins offer outstanding durability, strength and performance, while contributing to a reduced product carbon footprint – a meaningful step forward as the marine industry pursues more lower carbon solutions. 'Polynt's commitment to sustainable industrial growth is a core driver of our business strategy. In alignment with the most recent requests from the market, the regulating bodies and the other stakeholders, we are pioneering innovation in the thermosetting composites industry through eco-design, material optimization and circular manufacturing models. By fostering long-term collaboration with LYB – who has always been a leading partner among our suppliers – with industry players and with research institutions, we are strengthening our technological leadership while ensuring environmental integrity and market competitiveness. This approach enables us to anticipate evolving regulatory requirements, meet the rising demand for sustainable solutions and deliver resilient, value-driven outcomes across the entire value chain.' said Maurizio Leonardi, executive vice president for Europe at Polynt. At LYB, we believe in unlocking value for our customers and society by enabling a circular and low carbon economy. Through solutions like Styrene +LC , we are proud to help customers across industries create products that are both high-performing and more sustainable. Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged. ALCHEMPro News Desk (HU)
Business Wire
07-07-2025
- Business
- Business Wire
Ingevity releases 2024 sustainability report, highlights product innovation and technologies for a sustainable future
NORTH CHARLESTON, S.C.--(BUSINESS WIRE)--Ingevity Corporation (NYSE:NGVT) today published its 2024 Sustainability Report featuring the company's transformative technologies and products designed to create sustainable solutions for customers and the planet. Ingevity's report, titled 'Powering a Cleaner, More Sustainable Tomorrow,' centers on its sustainability catalysts reflecting the company's values and aspirations. The report outlines breakthrough products, created from 73% renewable raw materials, producing long-term value for stakeholders. 2024 Sustainability Report highlights include: Identified six priority ESG topics from 2024 materiality reassessment pertinent to our operations and commercial activities Recognized as one of 'America's Most Responsible Companies of 2025' by Newsweek Magazine for the third consecutive year Reached the American Chemistry Council's (ACC) top-quartile safety performance rating, four years ahead of plan Expanded International Sustainability & Carbon Certification (ISCC+) to cover all Capa ® product lines, enabling our customers to integrate more sustainable raw materials into their supply chains Achieved a 700-hour increase in volunteer hours, strengthening community support 'For more than a century, Ingevity has been committed to developing renewable solutions,' said Dave Li, Ingevity president and CEO. 'I am honored to lead a company recognized for our rich history of sustainability and a strong commitment to securing a bright future for our business, our communities and our world.' Ingevity's 2024 Sustainability Report outlines efforts to support a global vision for a more sustainable world. Refer to the Global Reporting Initiative (GRI) and Sustainability Accounting Standards Board (SASB) indices published on Ingevity's website for a complete report of 2024 data. Except as expressly indicated otherwise, the information in the Sustainability Report is given as of the date of publication, July 7, 2025. Ingevity: Purify, Protect, Enhance Ingevity provides products and technologies that purify, protect and enhance the world around us. Through a team of talented and experienced people, we develop, manufacture and bring to market solutions that help customers solve complex problems and make the world more sustainable. We operate in three reporting segments: Performance Materials, which includes activated carbon; Advanced Polymer Technologies, which includes caprolactone polymers; and Performance Chemicals, which includes specialty chemicals and road technologies. Our products are used in a variety of demanding applications, including adhesives, agrochemicals, asphalt paving, certified biodegradable bioplastics, coatings, elastomers, paint for road markings and automotive components. Headquartered in North Charleston, South Carolina, Ingevity operates from 24 locations around the world and employs approximately 1,600 people. The company's common stock is traded on the New York Stock Exchange (NYSE:NGVT). For more information, visit Forward Looking Statement This press release contains 'forward-looking statements' within the meaning of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. Such statements generally include the words 'will,' 'plans,' 'intends,' 'targets,' 'expects,' 'outlook,' 'believes,' 'anticipates' or similar expressions. Forward-looking statements may include, without limitation, leadership transitions; expected financial positions, guidance, results of operations and cash flows; financing plans; and business strategies and expectations. Actual results could differ materially from the views expressed. Factors that could cause actual results to materially differ from those contained in the forward-looking statements, or that could cause other forward-looking statements to prove incorrect, include, without limitation, such factors detailed from time to time in Part I, Item 1A. Risk Factors in our most recent Annual Report on Form 10-K as well as in our other filings with the SEC. These forward-looking statements speak only to management's beliefs as of the date of this press release. Ingevity assumes no obligation to provide any revisions to, or update, any projections and forward-looking statements contained in this press release.
Time Business News
26-06-2025
- Business
- Time Business News
Innovations Driving the Next Wave in Amphoteric Surfactants
Surface-active agents called amphoteric surfactants are quite adaptable in various formulations. They can carry both positive and negative charges depending on the solution's pH. The amphoteric surfactants is growing, driven by demand for eco-friendly and gentle ingredients in personal care and cleaning products. Their versatility, along with rising hygiene awareness, helps boost this growth. However, high costs and competition from traditional surfactants might hold back expansion. Key Growth Drivers and Opportunities Sustainability Trend: The amphoteric surfactants market is looking pretty promising, especially since it fits right into the growing push for sustainability. These surfactants provide non-toxic, biodegradable, and eco-friendly options compared to traditional chemicals. They also have a low environmental footprint and tend to be gentle on the skin. This makes them a good match for green chemistry efforts. This makes them especially appealing to eco-conscious consumers. As regulations become stricter and the demand for clean-label products rises, businesses that adopt sustainable amphoteric surfactants can gain a real competitive edge. They also get access to new markets and can boost brand loyalty. Challenges The amphoteric surfactants faces a few notable challenges. Production costs tend to run higher than those for traditional surfactants, and raw materials can be hard to source. Manufacturing these surfactants involves complex processes, which complicates things further. Plus, many consumers in developing regions just aren't familiar with amphoteric surfactants. Innovation and Expansion At in-cosmetics Worldwide, Nouryon Unveils a Biodegradable Hair Care Surfactant In April 2025, Armocare Aqua 12 surfactant was introduced by Nouryon at in-cosmetics Global in Amsterdam, the Netherlands. For high-performing hair care formulations, this novel product is a biodegradable hair conditioning agent free of quaternary ammonium compounds, or non-quat. Recently, Nouryon's manufacturing facility in Itupeva, Brazil, certified Armocare Aqua 121 to the International Sustainability and Carbon Certification (ISCC) PLUS level. Solvay Completes Sale of Amphoteric Surfactant Business in North America and Europe In May 2021, Solvay declared that it has successfully sold its amphoteric surfactant business in North America and Europe to OpenGate Capital, a Los Angeles-based private equity firm. The three primary manufacturing facilities for the amphoteric product lines University Park, Illinois, USA; Genthin, Germany; Halifax, UK; and a tolling agreement in Turkey are included in the transaction. In order to guarantee a smooth transition and little inconvenience to customers, the agreement also contains tolling and service agreements between Solvay and OpenGate. Inventive Sparks, Expanding Markets The primary participants in the amphoteric surfactants market include BASF, CLARIANT, Alfa Chemistry, Nouryon, and many others. There is strong focus on innovation, sustainability, and marketing by these companies. They are investing heavily in research and development to formulate high performance, environmentally friendly formulations. This is in response to growing awareness among consumers about the importance of sustainable and biodegradable ingredients. About Author: Prophecy is a specialized market research, analytics, marketing and business strategy, and solutions company that offer strategic and tactical support to clients for making well-informed business decisions and to identify and achieve high value opportunities in the target business area. Also, we help our client to address business challenges and provide best possible solutions to overcome them and transform their business. TIME BUSINESS NEWS
