Green Future Search Limited

🍃 Honeywell and SGP BioEnergy are teaming up in North Carolina, to develop innovative technology that converts industrial hemp and plant-based materials into biochemicals, offering a sustainable alternative to fossil fuel-derived chemicals. 🤝 Honeywell will spearhead the technology development, while SGP BioEnergy will contribute infrastructure, workforce, and second-generation feedstock via its "READY.GROW." program. This collaboration not only aims to scale up biochemical production but also aligns with Honeywell's strategic focus to accelerate the energy transition. Green Future Search Limited 🌎 🍃 ♻️ #biochemicals #netzero #sustainablesolutions #energytransition

🇬🇧 The UK takes a significant step towards a greener future with the government reaching commercial agreement with the clean energy industry to support the launch of carbon capture sites, heralding a new era for clean energy investments and job creation. 🌍These sites will be deployed at significant scale in Teesside and Merseyside. It includes Teeside's single biggest investment ever for a £4 billion carbon capture project being given the green light! This will be the world’s first industrial-scale carbon capture facility, set to reduce 10 million tonnes of CO2 annually. 📈 The UK government funding commitment announced today will not only create thousands of skilled jobs but also attract billions in #privateinvestment, supporting the country's journey towards net zero emissions by 2050. 👏 Exciting times ahead as the UK leads the way in deploying carbon capture technology at scale, marking a pivotal moment in the nation's clean energy transition. Green Future Search Limited #energytransition #cleanenergy #carboncapture #netzero

📢 A pivotal moment in the #chemicalindustry as Covestro AG has confirmed a €11.7 billion #acquisition deal with ADNOC Group, highlighting a commitment to long-term strategic growth in #sustainableinnovation and the #circulareconomy. The Investment Agreement solidifies a long-term partnership, ensuring continuity in governance, operations, and strategic goals. 🤝 This Investment Agreement lays out that ADNOC will make a public takeover offer to all of Covestro's shareholders. Covestro expect the offer to shareholders to be made available within the next six weeks. 📈 With ADNOC's backing, Covestro is poised to strengthen its position in high-tech #specialtychemicals and #sustainable materials, driving innovation in the global market. Boards endorse the offer, signalling a promising future for Covestro under this strategic alliance. Green Future Search Limited ♻️ 🌏 #majoracquistion #chemicalindustry #circulareconomy

📢 CarbonScape has selected Sunila site in Finland for its #biographite demonstration plant, marking a pivotal move towards establishing a European #batterysupplychain independent of traditional graphite sources. The data generated by the plant will also support global expansion. The Sunila site, owned by Stora Enso, will now lease part of the area to CarbonScape, a pioneer in #sustainablebatterymaterials. 🔋 CarbonScape's innovative #biographite, made from #woodbiomass, aims to revolutionise #lithiumion batteries by addressing supply chain and #sustainability challenges in the electric vehicle and energy storage sectors. Green Future Search Limited #biographite #batterymaterials #energytransition #netzero

♻ Honeywell and Repsol have announced a collaboration to create new production pathways for #biofuels and #circular materials. ⛽ The partnership aims to scale and commercialise Honeywell's technologies for chemical production and #renewablefuels at Repsol’s refineries. ✈ The companies will explore integrating these methods into Repsol’s existing facilities to produce #sustainableaviationfuel (SAF) and renewable diesel. This collaboration supports Honeywell's alignment with the #energytransition. Green Future Search Limited #saf #biofuels #renewablefuels #circulareconomy

📖 The new report by the nova-Institut GmbH highlights the importance of transitioning to #alternativenaphtha in refineries and crackers to advance the chemical industry's #decarbonisation. Replacing fossil-based feedstocks with renewable carbon from sources like CO2, biomass, and recycling is pivotal for achieving #netzero goals and reducing reliance on traditional resources such as crude oil. This shift presents a significant opportunity for sustainable practices and environmental impact reduction in the industry. ♻ The report delves into essential #basechemicals, such as #aromatics and #olefins, highlighting the need for renewable carbon-based replacements. By leveraging existing infrastructure and innovative technologies, the chemical industry can transition towards more sustainable production methods. The use of #renewablecarbon alternatives derived from sources like CO2, biomass, and recycling can pave the way for a greener future in chemical manufacturing. 🛢 One notable approach mentioned in the report is the use of refined vegetable oil for #bionaphtha production. With the global capacity for hydrotreated vegetable oil output on the rise, there is a growing opportunity to replace fossil-based naphtha with #biobased alternatives. Processes like HVO and Hefa offer a sustainable solution for producing bio-based diesel and aviation fuel while reducing the industry's carbon footprint. This signifies a promising step towards achieving a more sustainable and eco-friendly chemical industry. 💡 With detailed insights, the report sheds light on the growth of alternative naphtha sources, production routes, industry partnerships, and the regulatory landscape, providing a comprehensive view for industry stakeholders. Certainly worth a read when you have a moment! Green Future Search Limited #napthatechnologies #biobasedfeedstock #circulareconomy #netzero

♻ Exciting news from Lummus Technology and MOL Group as they progress with their #chemicalrecycling partnership announced in 2023. The companies have initiated the design phase for the first chemical recycling plant at MOL’s site in Tiszaújváro, Hungary, which will utilise Lummus’ pyrolysis technology to process 40,000 tonnes of mixed plastic waste annually. 💡 Notably, the plant will boast a fully #electricpyrolysis reactor, ensuring zero direct scope one emissions during regular operation. Lummus' New Hope Plastic Pyrolysis Technology facilitates the transformation of post-consumer and post-industrial plastic waste into #pyrolysisoil, offering a #circular solution for #sustainablefuels or further processing with a promising 70% yield for #hydrocarbons. Furthermore, MOL will leverage the pyrolysis oil for additional processing at its petrochemical plant, with added support from Lummus in steam cracking, catalytic cracking, and residue processing technologies to optimise integration with existing assets. 👏 This initiative marks the beginning of a series of planned facilities at MOL’s locations in Hungary and Slovakia, demonstrating MOL's commitment to #advancingplasticsrecycling. Their recent acquisitions, including AURORA Kunststoffe GmbH and ReMat Zrt underscore their dedication to sustainable practices and a #circulareconomy. Green Future Search Limited #advancedrecycling #sustainablefuels #circulareconomy #jointventure

Cyclic Materials is partnering with Solvay to supply recycled mixed rare earth oxide! 🌍♻️ Under the new agreement, Cyclic Materials will provide recycled mixed rare earth oxide from its Hub100 facility in Ontario, Canada to Solvay's La Rochelle plant for further processing. The shipments are set to commence by late 2024. This partnership builds on the memorandum of understanding signed in February 2023 and validates Cyclic Materials' product through Solvay's rare earth separation process. The collaboration showcases the technical and commercial viability of Cyclic Materials' recycled mixed rare earth oxide with an established rare earth chemicals producer. Exciting times ahead for sustainable practices in the rare earth elements supply chain! 🌿🔄 Green Future Search Limited #rareearthelements #circulareconomy #specialitychemicals

🌍 The European Council has approved the Net-Zero Industry Act (NZIA), a crucial step towards enhancing Europe's manufacturing capacity for key climate technologies. The new law sets ambitious targets to support the EU's transition to climate neutrality by 2050. 🌿 Originally proposed by the European Commission in March 2023, the NZIA aims to bolster Europe's net-zero industries and reduce reliance on imported technologies. With benchmarks to produce 40% of required technologies by 2030 and capture 15% of the global market by 2040, the Act aligns with the EU's climate and energy objectives. 🔋 The NZIA supports a wide range of technologies including solar, wind, biogas & biomethane, to carbon capture and battery materials & storage, emphasising sustainability and workforce development. It includes initiatives like streamlining permitting processes, Net-Zero Industry Academies, workforce training goals, and regulatory sandboxes for testing innovative solutions under flexible conditions. 💡 Furthermore, the Act envisions creating net-zero acceleration "valleys," fostering clusters of companies focused on specific technologies. This strategic approach aims to drive innovation and collaboration within Europe's net-zero industrial landscape. ℹ️ Stay updated on how the NZIA shapes Europe's path towards climate neutrality and the development of a sustainable industrial ecosystem. Green Future Search Limited #netzero #euindustry #climateaction #regulations

🌍🔋 Supporting the European Sustainable Carbon Policy Package 🔋🌍 Ahead of today's Competitiveness Council meeting, The Netherlands, the Czech Republic, France, and Ireland are championing the European Sustainable Carbon Policy Package. This initiative is crucial for transitioning from fossil carbon to sustainable sources in the chemicals sector. We urge Member States to back this proposal in the next European Commission term. Key benefits of the package: 1️⃣ Strengthen the EU’s competitiveness 2️⃣ Contribute to meeting EU climate targets 3️⃣ Boost EU raw materials security Read the full letter below.