Abundia said it plans to start developing its first plant in the UK to chemically recycle waste plastics.
Abundia Global Impact Group (Abundia), a technology company focused on circular solutions and sustainability, has signed a licensing agreement with Alterra Energy, headquartered in Akron, Ohio. The terms of the agreement were not announced.
Alterra’s thermochemical liquefaction process will be combined with Abundia’s technology to recycle used plastics into usable chemical products. Abundia said it plans to start developing the first plant in the UK, which will be able to process up to 40,000 tons of plastic into various recycled chemicals each year by the second half of 2022. The company said it plans to increase the plant’s processing capacity to 120,000 tons per year by 2027.
At its Akron plant, Alterra converts plastics shipped to landfills into petrochemical materials, which can be further refined into raw materials for the production of new plastics and other petrochemical products. The facility has passed the International Sustainability and Carbon Certification PLUS (ISCC PLUS) certification and can be used as a pyrolysis plant and collection point for mixed plastic waste. The company licenses its technology to entities that want to recycle more challenging plastics or seek more sustainable products. Alterra said it is working with companies in the solid waste industry, government entities and petrochemical companies.
“After years of research, joint development and review of dozens of technologies trying to solve the global plastic recycling crisis, I believe that the combination of Alterra’s liquefaction platform and Abundia’s downstream upgrade technology will provide a powerful recycling solution for plastic recycling. Abundia Global Impact Group Chief Scientific Officer Martin Atkins said: “The problem of waste plastics has made our world chaotic. “Our combined, efficient, high-volume continuous process creates an economical and sustainable solution for plastics and municipal waste sought by global stakeholders (including governments, industries, environmental organizations, and consumers).”
“Abundia is as committed to tackling plastic pollution and supporting the circular economy as we are. The combination of our innovative advanced recycling methods and Abundia’s upgraded technological process is another step in this direction,” Alterra CEO Frederic Sc​​ hmuck added.
Pittsburgh-based US Steel announced a number of records for the recently completed third quarter, including net income; earnings before interest, taxes, depreciation and amortization (EBITDA); EBITDA margin; and liquidity, the company Said David B. Burritt, President and CEO.
The company reported net income for the third quarter of US$2 billion, or diluted earnings per share of US$6.97. Adjusted net income totaled 1.54 billion U.S. dollars, or diluted earnings per share of 5.36 U.S. dollars. In contrast, in the third quarter of 2020, the company reported a net loss of US$234 million, or a diluted loss of US$1.06 per share. The adjusted net loss for the third quarter of 2020 was US$268 million, or diluted earnings per share of US$1.21.
U.S. Steel’s net sales for the quarter were 5.964 billion U.S. dollars, and net sales for the first nine months of this year were 14.653 billion U.S. dollars. In 2020, the quarterly net sales for the nine-month period will be 2.34 billion U.S. dollars and 7.179 billion U.S. dollars, respectively.
The company’s flat rolling division’s EBITDA for the quarter was $1.135 billion, while its small mill division (excluding the electric arc furnace in Fairfield, Alabama, reported in its tubular division) had EBITDA of $464 million. The EBITDA of the tubular sector is US$1.1 billion in EBITDA.
Burritt said: “Our balance sheet has changed, and the cash flow generated by the business gives us confidence in our ability to pre-fund our organic growth investments, which will expand our existing competitive advantage. We are moving faster. To achieve “creating the best future for all.”
US Steel’s Best for All strategy involves achieving net zero carbon emissions by 2050. The strategy is based on its 2030 target, which is to reduce the intensity of greenhouse gas emissions by 20% based on the 2018 baseline. The company also launched verdeX sustainable steel, which contains up to 90% recycled content and produces a carbon footprint that is 75% lower than similar products made through integrated steelmaking.
Regarding U.S. Steel’s strategy, he said: “This is neither investing in our business nor directly returning capital to shareholders, but a combination of both. Our future now includes $300 million in stock repurchases. A quarterly dividend of 5 cents per share is planned to begin to directly reward our shareholders for the progress we have made so far. We are confident in the long-term value that our new, high-capacity short-process steel mill will create as it will further expand Our competitive advantage is to produce sustainable and differentiated steel. We are getting better, not bigger, by building on the industry-leading performance of our Mini Mill division, creating a company that will continue to reward shareholders in the future business model.”
German international consulting company RecycleMe and Stadler Anlagenbau GmbH, also located in Germany, will cooperate to conduct classification tests to determine the recyclability of packaging.
These tests will be conducted at the Stadler Testing and Innovation Center in Slovenia for RecycleMe GmbH, a company of the Raan Group that also includes the Reclay Group of companies active in the field of Extended Producer Responsibility (EPR) systems. At the test center. RecycleMe customers can analyze the sorting behavior of their packaging under current and realistic conditions.
“We are very pleased that Stadler has become an active global partner around us,” said Sabrina Goebel, Managing Director of RecycleMe. “This collaboration allows us to use the latest technology to provide our customers with sorting tests under optimal conditions, simulating packaging behavior in practice-and with meaningful quantities. This will allow us to further improve the recyclability analysis results Quality and optimized packaging.”
Practical investigation of the recyclability of packaging through RecycleMe’s Circulate°Optimize. Once RecycleMe and Stadler analyze the behavior of the package, customers will receive reports, trend analysis and other recommendations from RecycleMeTeam, a team composed of experts in the circular economy and recycling industries.
Willi Stadler, Managing Director of Stadler, said: “I look forward to the joint project and the results we will get from it. Our test and innovation center is representative of the most advanced sorting plant. In addition, we have sensor technology that allows us to contribute to RecycleMe Customers provide tailor-made solutions.”
He added: “As one of the most popular experts in the field of quality factory construction, we see ourselves as a pioneer in the industry. By working with innovative and closely related companies such as RecycleMe GmbH, we have gained important insights into current market developments. , And then we will include it in the new project.”
Elemental Holding SA, located in Grodzisk Mazowiecki, Poland, announced that it will build a facility in Zawiercie, southern Poland, to recycle used lithium-ion batteries from electric vehicles and other products.
Elemental stated that it has cooperated with the local government and the local special economic zone in Katowice, the country’s main industrial zone, to purchase land for the plant.
According to the company, the facility will use technologies that can recycle and green produce nickel, cobalt, lithium and other metals, as well as raw materials critical to the lithium-ion battery value chain, and the company expects to start operations in 2023.
The company stated that as part of the project, it will cooperate with the Polish University of Technology from Wroclaw and Gliwice, the Łukasiewicz Research Network-Non-Ferrous Metal Research Institute, and the world’s leading supplier of advanced production equipment to develop special technologies.
An Elemental spokesperson stated that the facility will have an area of ​​approximately 500,000 square meters, or 5.4 million square feet, but declined to comment on the target capacity, adding that it may be “quite substantial.”
According to an article by Politico, “Poland’s scale is mainly attributed to an LG factory in Kobierzyce in the southwest of the country. This South Korean company’s factory is Europe’s largest electric car battery factory and can produce 20 GWh of batteries per year.” The article added that in view of the 300 million euro expansion plan supported by the Polish government, the plant may become the world’s largest plant, capable of producing 100 GWh of batteries per year, which is estimated to account for 60% of current European demand. .
Michał Zygmunt, Vice President of Elemental Holding, said: “We have reached another milestone. This is one of Europe’s most ambitious commercial projects aimed at reducing emissions and supporting the development of electric vehicles and the circular economy across the European continent.” “Compared with major similar products, recycling and reusing the metal in car batteries will save up to 98% of carbon. Therefore, it is seen as a key part of the transition to a low-carbon economy.”
Elemental Holding’s companies manufacture strategic raw materials through the processing of scrap electronics, catalytic converters, printed circuit boards and non-ferrous metal scrap. Its company operates in 15 countries on three continents: Europe, Asia, and North America.
In September, Elemental announced the acquisition of Legend Smelting and Recycling (LRS), a company headquartered in Hebron, Ohio. The company purchases catalytic converters and non-ferrous metal scrap from all over North America, including lead-acid batteries, copper wires, and heat sinks. Motors, starters and transmissions, including Mexico. LRS has offices in Ohio, California, Illinois, Indiana, and Texas.
Earlier this year, Elemental acquired Maryland Core Inc. in Baltimore, a buyer and recycler of catalytic converters, used auto parts and other car waste in Baltimore.
Atlanta-based aluminum producer Novelis Inc. announced an investment of US$375 million to expand the rolling and recycling capabilities of its factory in Zhenjiang, Jiangsu Province, China. Novelis said that the project will fully integrate its automotive business and provide Asian automakers with Novelis’s low-carbon, sustainable aluminum.
The expansion includes upgrading existing hot rolling mills, new cold rolling mills and new recycling and casting centers, which will enable the company to establish closed-loop recycling partnerships with automotive customers in Asia. Novelis is expected to break ground early next year and complete the expansion in mid-2024.
The company stated that recycled aluminum is a key component of Novelis’s sustainability commitment to reduce carbon emissions by 30% by 2026 and achieve carbon neutrality by 2050.
Steve Fisher, President and CEO of Novelis, said: “Zhenjiang’s expansion reaffirms our financial strength and commitment to reinvesting in growth, and it also drives our business cycle. Economic development.” “Through this investment, we will further strengthen our position as the leading supplier of automotive aluminum sheet in Asia. We will also better support the fast-growing electric vehicle (EV) market and its impact on lightweight low-carbon aluminum. need.”
Sachin Satpute, Executive Vice President and President of Novelis Asia, said: “China is one of the fastest growing automotive markets in the world, and its automakers’ market share in Asia is increasing.” “Therefore, this strategy is needed. Invest to keep up with the growing demand, especially from electric vehicle companies. Most importantly, the establishment of China’s first closed-loop car recycling system has promoted our goal of “shaping a sustainable world together”, and at the same time with China’s ambitious carbon emission reduction targets remain consistent.”
Novelis said that in the past three years, in order to meet the growing demand for aluminum parts from automakers, its global automotive production capacity has increased by 250%.
Novelis said that in the past three years, in order to meet the growing demand for aluminum parts from automakers, its global automotive production capacity has increased by 250%.
Sachin Satpute, Executive Vice President and President of Novelis Asia, said: “China is one of the fastest growing automotive markets in the world, and its automakers’ market share in Asia is increasing.” “Therefore, this strategy is needed. Invest to keep up with growing demand, especially from electric vehicle (EV) companies. Most importantly, the establishment of China’s first closed-loop car recycling system advances our goal of “shaping a sustainable world together” , While keeping in line with China’s ambitious carbon emission reduction targets.”
Novelis said that in the past three years, in order to meet the growing demand for aluminum parts from automakers, its global automotive production capacity has increased by 250%.