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10.03.2023

Lenzing Group: Difficult market environment and strategic success in 2022

  • Revenue rose to EUR 2.57 bn, while EBITDA declined to EUR 241.9 mn
  • Implementation of EUR 70 mn cost reduction program proceeding according to plan
  • Largest investment program in the company’s history including the lyocell plant in Thailand and the pulp mill in Brazil implemented on time and within budget
  • Outlook: Lenzing expects EBITDA in 2023 to be in a range of EUR 320 mn to EUR 420 mn

The Lenzing Group was increasingly affected by extreme developments on the global energy and raw material markets in the 2022 financial year, in tandem with most of manufacturing industry in Europe. The market environment also deteriorated significantly in the third and fourth quarters, while worsening consumer sentiment placed an additional burden on Lenzing’s business growth.

  • Revenue rose to EUR 2.57 bn, while EBITDA declined to EUR 241.9 mn
  • Implementation of EUR 70 mn cost reduction program proceeding according to plan
  • Largest investment program in the company’s history including the lyocell plant in Thailand and the pulp mill in Brazil implemented on time and within budget
  • Outlook: Lenzing expects EBITDA in 2023 to be in a range of EUR 320 mn to EUR 420 mn

The Lenzing Group was increasingly affected by extreme developments on the global energy and raw material markets in the 2022 financial year, in tandem with most of manufacturing industry in Europe. The market environment also deteriorated significantly in the third and fourth quarters, while worsening consumer sentiment placed an additional burden on Lenzing’s business growth.

In the year under review, revenue increased by 16.9 percent year-on-year to reach EUR 2.57 bn, primarily as a result of higher fiber prices. The quantity of fiber sold decreased, while the quantity of pulp sold rose. In addition to lower demand, the earnings trend particularly reflects the increase in energy and raw material costs. Earnings before interest, tax, depreciation and amortization (EBITDA) decreased by 33.3 percent year-on-year to EUR 241.9 mn in 2022. The net result for the year was minus EUR 37.2 mn (compared with EUR 127.7 mn in the 2021 financial year), while earnings per share stood at minus EUR 2.75 (compared with EUR 4.16 in the 2021 financial year).

Outlook
The war in Ukraine and the tighter monetary policy pursued by many central banks to combat inflation will continue to exert pressure on the global economy. The easing of China’s zero-Covid policy could lead to an unexpectedly rapid recovery. However, the IMF has warned that risks remain high overall and projects growth of 2.9 percent in 2023. Exchange rate volatility looks set to continue in regions that are important to Lenzing.

These challenging market conditions are also continuing to weigh on consumer confidence and sentiment in the sectors relevant to Lenzing. The outlook has improved slightly of late, with inventory levels returning to normal across the value chain. Nonetheless, subdued demand remains a source of concern for market players.

Inventories in the bellwether cotton market have diminished recently, although they remain above pre-pandemic levels. A decline in crops is foreseeable in the current 2022/2023 harvest season. The sharp rise in prices on the energy and raw material markets will continue to pose significant challenges for the market.

Overall, earnings visibility remains restricted.

In structural terms, Lenzing expects a continued rise in demand for environmentally friendly fibers in the textile and clothing industry, as well as in the hygiene and medical sectors. Thus, with its “Better Growth” strategy, Lenzing is very well positioned and will continue to drive growth in specialty products, while pursuing its sustainability targets including the transformation from a linear to a circular economy model.

In light of these factors and assuming a further market recovery in the current financial year, the Lenzing Group expects EBITDA in 2023 to be in a range of EUR 320 mn to EUR 420 mn.

Source:

Lenzing AG

(c) AkzoNobel
01.03.2023

AkzoNobel publishes 2022 annual report

AkzoNobel has published its digital Report 2022, which gives details of the company’s ongoing transformation during a challenging year of persistent worldwide uncertainty.

The Report 2022 website includes coverage of AkzoNobel’s financial results and key business developments, while the company’s progress on its sustainability ambitions is highlighted throughout.

The online report offers a wide range of interactive content and infographics. Visitors can also make use of various tools to compare key data and download tables.

Meanwhile, the Sustainability statements – traditionally one of the most visited sections – has been revamped and is themed around the key areas of climate change, circularity, and health and well-being. Several case studies also feature prominently.

AkzoNobel has published its digital Report 2022, which gives details of the company’s ongoing transformation during a challenging year of persistent worldwide uncertainty.

The Report 2022 website includes coverage of AkzoNobel’s financial results and key business developments, while the company’s progress on its sustainability ambitions is highlighted throughout.

The online report offers a wide range of interactive content and infographics. Visitors can also make use of various tools to compare key data and download tables.

Meanwhile, the Sustainability statements – traditionally one of the most visited sections – has been revamped and is themed around the key areas of climate change, circularity, and health and well-being. Several case studies also feature prominently.

More information:
AkzoNobel Annual Report digital
Source:

AkzoNobel

(c) Hohenstein
fibres residues in wastewater
21.02.2023

New test method for textile microplastics

  • Standard assesses fibre release, biodegradation and ecotoxicity for the first time

Testing service provider Hohenstein has worked with the project partners Trigema, Freudenberg, DBL ITEX and Paradies to create a new standardized test method for detecting and classifying the environmental effects of textiles during washing. DIN SPEC 4872 combines analysis of fibre release, biodegradability and ecotoxicity. The test method according to DIN SPEC 4872 shows how many fibres are released during textile laundering, how well these fibres degrade in wastewater and how harmful the fibre residues are to the environment.

  • Standard assesses fibre release, biodegradation and ecotoxicity for the first time

Testing service provider Hohenstein has worked with the project partners Trigema, Freudenberg, DBL ITEX and Paradies to create a new standardized test method for detecting and classifying the environmental effects of textiles during washing. DIN SPEC 4872 combines analysis of fibre release, biodegradability and ecotoxicity. The test method according to DIN SPEC 4872 shows how many fibres are released during textile laundering, how well these fibres degrade in wastewater and how harmful the fibre residues are to the environment.

Studies have shown that washing textiles releases microfibres into the wash water, which cannot be sufficiently retained by wastewater treatment plants. Synthetic fibres pose the greatest risk to the environment because of their longevity and inability to biodegrade. However, Hohenstein project manager Juliane Alberts does not give the all-clear for biodegradable fibres and natural fibres: "Biodegradability alone does not mean that pure natural fibres, for example, are completely harmless to the environment. They, too, remain in ecosystems until they completely degrade and can also have a negative impact. In addition, additives, auxiliaries or finishes used in textile production can further slow the degradation process and leach into the environment."

The new standard enables textile producers and suppliers to test, evaluate and compare products for fibre release during washing and environmental impact. Juliane Alberts sees this systematic evaluation as an opportunity for the textile industry to take the initiative on environmental impact: "Our reliable data can be used as a basis for more targeted product development. This is a way to actively and consciously control further environmental pollution."

(c) Carbios
15.02.2023

Carbios: Four new Board members to strengthen international expertise

  • Carbios strengthens its Board of Directors with the appointments of Prof. Karine AUCLAIR, Sandrine CONSEILLER, Amandine DE SOUZA and Mateus SCHREINER GARCEZ LOPES
  • Carbios has reached its CSR objective of 60% independent directors ahead of 2024 target date, and has increased its female representation

Carbios‘four new members to its Board of Directors:  Prof. Karine AUCLAIR, professor of Chemistry at McGill University, Sandrine CONSEILLER, former CEO of Aigle, Amandine DE SOUZA, General Manager of LE BHV MARAIS, Eataly and Home, DIY and Leisure Purchasing at Galeries Lafayette Group, and Mateus SCHREINER GARCEZ LOPES, Global Director for Energy Transition and Investments at Raizen, have all been appointed members of Carbios’ Board of Directors.  In the new structure, Prof. Karine AUCLAIR succeeds Jacqueline LECOURTIER, Sandrine CONSEILLER succeeds Jean FALGOUX, Amandine DE SOUZA succeeds Alain CHEVALLIER, and Mateus SCHREINER GARCEZ LOPES succeeds Jean-Claude LUMARET.

  • Carbios strengthens its Board of Directors with the appointments of Prof. Karine AUCLAIR, Sandrine CONSEILLER, Amandine DE SOUZA and Mateus SCHREINER GARCEZ LOPES
  • Carbios has reached its CSR objective of 60% independent directors ahead of 2024 target date, and has increased its female representation

Carbios‘four new members to its Board of Directors:  Prof. Karine AUCLAIR, professor of Chemistry at McGill University, Sandrine CONSEILLER, former CEO of Aigle, Amandine DE SOUZA, General Manager of LE BHV MARAIS, Eataly and Home, DIY and Leisure Purchasing at Galeries Lafayette Group, and Mateus SCHREINER GARCEZ LOPES, Global Director for Energy Transition and Investments at Raizen, have all been appointed members of Carbios’ Board of Directors.  In the new structure, Prof. Karine AUCLAIR succeeds Jacqueline LECOURTIER, Sandrine CONSEILLER succeeds Jean FALGOUX, Amandine DE SOUZA succeeds Alain CHEVALLIER, and Mateus SCHREINER GARCEZ LOPES succeeds Jean-Claude LUMARET.

Three of the new members have strong, proven expertise in various industries covering fashion, retail and energy, as well as business development and senior executive management in high-growth markets and sectors around the world.  The new scientific expertise will also help enhance and advance Carbios’ research into biological solutions for the life cycle of plastics and textiles.  In addition, a sensitivity to CSR issues and proven results in this field was also a key selection factor to join the Board.  The new members’ combined strategic vision, solid industry experience and CSR commitments will support Carbios in its industrial and commercial plans.
 
Prof. Karine AUCLAIR is Professor of Chemistry at McGill University and holds the Tier 1 Canada Research Chair in Antimicrobials and Green Enzymes.  She has received numerous awards over the years, including the Clara Benson Award of the Canadian Society of Chemistry, the McGill Tomlinson Professorship, the Leo Yaffe Teaching Award, and the McGill Fessenden Professorship, to name a few. She is an internationally recognized bioorganic chemist with significant scientific contributions to the fields of antimicrobial resistance, biocatalysis and enzymology. Her research led to several patents notably in the clean enzymatic depolymerization of untreated, high crystallinity PET plastics for closed-loop recycling.  Her work has been published in nearly 100 peer-reviewed publications in high-impact journals, and often highlighted by the media.  As a recognized leader in her field, she is often invited to speak at industrial and academic conferences around the world, and to review theses and grant applications for worldwide institutions.
 
Sandrine CONSEILLER is former Chief Executive Officer of Aigle (the emblematic French brand committed to sustainable fashion).  Prior to joining Aigle, Sandrine was Group Marketing & Branding Executive Vice-President at Lacoste (another historic French fashion brand) from 2011 to 2015.  She contributed to the Lacoste maison turnaround with strong growth and numerous professional awards including several Cannes Lions Awards.  She was also Member of the Executive Board.  Sandrine began her career at Unilever and spent 20 years leading global businesses within various divisions, mainly in Personal Care, in Latin America, Europe, and Asia.  Sandrine is also Member of the Board of Phildar (the iconic French knitwear brand), Member of the Board of Raise Sherpa (the first philantropic endowment fund dedicated to start-ups) and is a funding partner of NEO FOUNDERS (a venture fund mentoring impact start-ups).
 
Amandine DE SOUZA is General Manager of LE BHV MARAIS (French retail, decoration and fashion department stores), Eataly (an Italian gastronomy concept franchise) and Home, DIY and Leisure Purchasing at Galeries Lafayette Group since 2018.  She has been a Member of its Executive Committee since 2020.  Amandine has 17 years’ experience in different types of companies of various sizes: from family business, to start-up,  and multinational.  She was General Manager for France at Westwing (an e-commerce start-up) from 2015 to 2018.  From 2009 to 2015, she was International Merchandise Director at Casino Group (food and non-food retail distribution).  Prior to this, she worked as a strategic consultant at Bain & Company within their Distribution and Consumer Goods Division in France and internationally.
 
Mateus SCHREINER GARCEZ LOPES is Global Director for Energy Transition and Investments at Raizen (global leader in bioenergy from Brazil), leading technology, new business development and intellectual property at the company.  He was previously Global Manager for Innovation and Business Development in Renewable Chemicals at Braskem (the largest producer of thermoplastic resins in the Americas and the world’s largest producer of biopolymers).  Before his transition to the corporate world, Mateus held several researcher and lecturer positions on Synthetic Biology and metabolic Engineering at Universities in Mexico, Germany, United States and Brazil.  He is also a Board Member of Iogen Energy Corporation, Vice-Chairman of the Board of the Brazilian Association of Bio Innovation, and Advisory Committee Member from the MIT Energy Initiative.

More information:
Carbios
Source:

Carbios

(c) Perstorp
15.02.2023

Perstorp: Reduction targets for water and waste

Sustainable solutions provider Perstorp has added new corporate sustainability targets, for water and waste, to its sustainability strategy. Its long-term sustainability ambition is to become Finite Material Neutral, which involves water and waste, along with raw materials, energy and catalysts. In 2021 the company set its first 2030 targets, for greenhouse gas emissions (using approved science-based targets) and (eco) toxic impact. Now Perstorp has added new sustainability targets that will address its long-term ambition.

These new 2030 corporate targets (all measured using 2019 as the base year) are:

Sustainable solutions provider Perstorp has added new corporate sustainability targets, for water and waste, to its sustainability strategy. Its long-term sustainability ambition is to become Finite Material Neutral, which involves water and waste, along with raw materials, energy and catalysts. In 2021 the company set its first 2030 targets, for greenhouse gas emissions (using approved science-based targets) and (eco) toxic impact. Now Perstorp has added new sustainability targets that will address its long-term ambition.

These new 2030 corporate targets (all measured using 2019 as the base year) are:

  • 30% absolute reduction of freshwater consumption
  • 30% absolute reduction of hazardous waste directed to disposal
  • 30% absolute reduction of non-hazardous waste directed to disposal

"Fresh water consumption and waste are two areas of big importance in reducing our environmental impact and working toward increased circularity," says Anna Berggren, Vice President Sustainability at Perstorp Group. "Fresh water scarcity is already a fact around the world, and we have a responsibility to reduce our consumption and utilize alternative water sources. We must also minimize waste generation and find new circular solutions of reusing and recycling the waste streams into new products, either ourselves or so that a third party can use them as raw material. We have set ambitious and absolute sustainability targets, that are to be achieved regardless of production growth. To be able to reach these targets we have several large projects planned that will contribute significantly."

All Perstorp production plants use water for multiple purposes, including, for example: for cooling, as a solvent for chemical reactions, as a carrier for products, and as a heat-transfer medium. One way to reduce fresh water consumption is to purify and recycle wastewater. Perstorp sees this as an important core technology and is planning to invest in wastewater recycling projects at several of its production sites.

A key to reducing waste directed to disposal is to develop circular solutions that use waste streams as raw materials for new products. One example is Project Air, in which captured carbon dioxide together with residue streams from Perstorp's production plant in Stenungsund, Sweden, will serve as raw material for production of sustainable methanol that will replace all the virgin fossil methanol used by Perstorp in Europe.

15.02.2023

Yanfeng recognized for global environmental leadership

Automotive supplier, Yanfeng has been awarded a second consecutive A−rating by Carbon Disclosure Project (CDP) for the group's global leadership in transparency and action on climate change in 2022. Nearly 15,000 companies were rated based on data which they submitted to the organization. Yanfeng also received an Environmental Leadership Award by CDP China

CDP is a non-profit organization which operates a global disclosure system to enable investors, companies, cities, states, and regions to manage their environmental impacts. Every year, several thousand companies worldwide are analyzed about their strategic approach to the challenges of climate change and their climate management activities are rated on the basis of a comprehensive list of criteria. CDP’s annual environmental disclosure and rating process is widely recognized as the gold standard for corporate environmental transparency.

Automotive supplier, Yanfeng has been awarded a second consecutive A−rating by Carbon Disclosure Project (CDP) for the group's global leadership in transparency and action on climate change in 2022. Nearly 15,000 companies were rated based on data which they submitted to the organization. Yanfeng also received an Environmental Leadership Award by CDP China

CDP is a non-profit organization which operates a global disclosure system to enable investors, companies, cities, states, and regions to manage their environmental impacts. Every year, several thousand companies worldwide are analyzed about their strategic approach to the challenges of climate change and their climate management activities are rated on the basis of a comprehensive list of criteria. CDP’s annual environmental disclosure and rating process is widely recognized as the gold standard for corporate environmental transparency.

Yanfeng improved its scores in value chain engagement and climate-related requirements for suppliers, as well as targets for increasing low-carbon energy consumption or production.
“As our company-wide target for carbon neutrality, we aim to achieve 100% of our total energy consumption from renewable energy sources by 2030,” said Gunnar Büchter, Vice President of Global Sustainability at Yanfeng. All European plants converted to renewable energy by the beginning of 2022, and other regions also increased their utilization of renewable energy sources. Significant progress has been made in China. By end of 2021 a total of 30% of energy came from renewable sources.

08.02.2023

SBTi approves science-based targets of Autoneum

The Science Based Targets initiative (SBTi) has approved Autoneum’s science-based emissions reduction targets. The validation by the SBTi is an important milestone in Autoneum’s efforts to reduce its direct and indirect greenhouse gas (GHG) emissions along the entire value chain.

Recognizing the serious environmental challenges facing the world today and the resulting need for rapid and significant reductions in global CO2 emissions, Autoneum has committed to reducing its absolute scope 1 and 2 GHG emissions by 20% by 2027 from a 2019 base year. The Company also commits to reduce its absolute scope 3 GHG emissions from purchased goods and services by 20% within the same timeframe. Autoneum’s GHG emission reduction targets were validated by the SBTi on January 12, 2023, and are in line with the goals of the Paris Agreement to limit global warming to well below 2°C. The Company is thus taking another important step toward a sustainable future of mobility.

An overview of all emissions reduction targets and activities implemented by Autoneum in 2022 will be published in the Company’s Corporate Responsibility Report 2022 on March 24, 2023.

The Science Based Targets initiative (SBTi) has approved Autoneum’s science-based emissions reduction targets. The validation by the SBTi is an important milestone in Autoneum’s efforts to reduce its direct and indirect greenhouse gas (GHG) emissions along the entire value chain.

Recognizing the serious environmental challenges facing the world today and the resulting need for rapid and significant reductions in global CO2 emissions, Autoneum has committed to reducing its absolute scope 1 and 2 GHG emissions by 20% by 2027 from a 2019 base year. The Company also commits to reduce its absolute scope 3 GHG emissions from purchased goods and services by 20% within the same timeframe. Autoneum’s GHG emission reduction targets were validated by the SBTi on January 12, 2023, and are in line with the goals of the Paris Agreement to limit global warming to well below 2°C. The Company is thus taking another important step toward a sustainable future of mobility.

An overview of all emissions reduction targets and activities implemented by Autoneum in 2022 will be published in the Company’s Corporate Responsibility Report 2022 on March 24, 2023.

Photo CHT Gruppe
16.01.2023

CHT TEXTILE SOLUTIONS - Smart approaches to energy cost reduction and climate protection

Within its TEXTILE SOLUTIONS, the CHT Group has developed solution approaches for manufacturing companies in the textile value chain that have to use a lot of energy for their production. This is intended to compensate high energy costs and make a positive contribution to climate protection.Application specialists work with customers to develop individual savings potentials that are specifically tailored to the production facilities and requirements. Thus, depending on the process, fabric and machine, energy savings of up to 30% can be achieved with the use of innovative CHT textile auxiliaries, dyes/pigments and the corresponding process optimisations. In addition, the numerous concepts and optimally matched products can minimise water consumption or shorten the process time.


Energy-efficient cold bleaching instead of pad-steam bleaching processes in continuous pretreatment and the 4SUCCESS process for energy-efficient and resource-saving pretreatment and dyeing of cotton help to save energy. Likewise, the use of polymer binders, which do not require energy-intensive fixation, saves energy.

Within its TEXTILE SOLUTIONS, the CHT Group has developed solution approaches for manufacturing companies in the textile value chain that have to use a lot of energy for their production. This is intended to compensate high energy costs and make a positive contribution to climate protection.Application specialists work with customers to develop individual savings potentials that are specifically tailored to the production facilities and requirements. Thus, depending on the process, fabric and machine, energy savings of up to 30% can be achieved with the use of innovative CHT textile auxiliaries, dyes/pigments and the corresponding process optimisations. In addition, the numerous concepts and optimally matched products can minimise water consumption or shorten the process time.


Energy-efficient cold bleaching instead of pad-steam bleaching processes in continuous pretreatment and the 4SUCCESS process for energy-efficient and resource-saving pretreatment and dyeing of cotton help to save energy. Likewise, the use of polymer binders, which do not require energy-intensive fixation, saves energy.

Efficient pretreatment with the new polymer technology CPT (Comb Polymer Technology) achieves good cleaning effects even with low liquor ratios and thus less water to heat up. To save costs for energy-consuming heating, there is also the gentle low-temperature fixation in the easy care finishing. The OrganIQ EMS Jeans system enables jeans finishing with a reduced application temperature compared to standard processes.

With TIME BOOST, a process for fast polyester dyeing processes, not only significant energy but also time savings are achieved by omitting pre-washing and by shortening heating and migration times. SHORT CUT also leads to shorter process times when dyeing polyamide.

To avoid cost-intensive intermediate drying, the CHT Group offers the SCREEN-2-SCREEN with PRINTPERFEKT S2S which facilitates printing in a wet-on-wet technology.

In addition to numerous other products, the CHT Group also offers its customers digital tools to optimally support process optimizations. The "BEZAKTIV Soaping Advisor" calculation program within the CHT Textile Dyes app can be used to evaluate and improve dyeing and soaping processes in a simple and target-oriented way.

Source:

CHT Group

30.12.2022

Toray creates Fiber that adsorbs Pathogenic Proteins in Blood

Toray Industries, Inc., announced that it has combined nanotechnology and fiber technology to create a cross-shaped polymethyl methacrylate (PMMA) nanopore fiber that efficiently adsorbs pathogenic proteins in the blood.

The company developed this fiber by employing its PMMA hollow fiber membrane spinning technology. Changing the nanopore size on the surface and inside the fiber makes it possible to control the types of protein that this material adsorbs. This could become a fundamental blood purification technology for a range of protein adsorption columns that cause diseases.

The fiber’s cross-shaped cross section has a larger surface area than fibers with round ones. This provides much better contact between the blood and fiber and significantly enhances protein adsorption efficiency.

Toray Industries, Inc., announced that it has combined nanotechnology and fiber technology to create a cross-shaped polymethyl methacrylate (PMMA) nanopore fiber that efficiently adsorbs pathogenic proteins in the blood.

The company developed this fiber by employing its PMMA hollow fiber membrane spinning technology. Changing the nanopore size on the surface and inside the fiber makes it possible to control the types of protein that this material adsorbs. This could become a fundamental blood purification technology for a range of protein adsorption columns that cause diseases.

The fiber’s cross-shaped cross section has a larger surface area than fibers with round ones. This provides much better contact between the blood and fiber and significantly enhances protein adsorption efficiency.

Toray is the only company to have commercialized a PMMA hollow-fiber membrane artificial kidney for dialysis treatment. Its new nanopore fiber benefits from PMMA’s good protein adsorption and biocompatibility. Using the structural formation of a stereocomplex from two PMMA types entangled spirally during the spinning process to form the fiber shape, Toray made it possible for the fiber itself to develop pores of several to dozens of nanometers. Depending on the pore size, large proteins cannot go inside the pores. If they are too small, they are not trapped. This enables selective adsorption of moderately sized proteins trapped in pores.

The fiber pore sizes are adjustable to the diameters of target proteins for a range of diseases. These include inflammatory proteins in sepsis, autoantibodies in autoimmune diseases, and causative proteins in chronic illnesses. Toray’s technology is thus fundamental to developing disease-causing protein adsorption columns to purify blood.

Toray’s cross-shaped cross section suppresses inter-fiber adhesion, increasing the surface area per volume and enabling highly efficient protein adsorption. For blood purification applications, higher capacity adsorption columns increase blood removal amounts from the body, which can be especially stressful for the elderly and children. The new fiber’s highly efficient protein adsorption should contribute to compact, high-performance protein adsorption columns.

Source:

Toray Industries, Inc.,

30.12.2022

Carbios hosts PET Biorecycling Summit

  • Scientific researchers from 10 countries, including North America, UK, Japan and Germany
  • Bertrand Piccard, Solar Impulse Foundation, as Keynote Speaker
  • Speakers from strategic partnerships: L’Oréal, Salomon, and McKinsey

Carbios hosted the first PET Biorecycling Summit from 7 to 8 December 2022 in Paris. The event attracted over 100 international participants from the scientific, academic, and industrial worlds to exchange on the advances in the field of biological recycling, and how to bring these innovations for a circular economy to market.

  • Scientific researchers from 10 countries, including North America, UK, Japan and Germany
  • Bertrand Piccard, Solar Impulse Foundation, as Keynote Speaker
  • Speakers from strategic partnerships: L’Oréal, Salomon, and McKinsey

Carbios hosted the first PET Biorecycling Summit from 7 to 8 December 2022 in Paris. The event attracted over 100 international participants from the scientific, academic, and industrial worlds to exchange on the advances in the field of biological recycling, and how to bring these innovations for a circular economy to market.

The two-day conference gathered scientists from various academic institutions to share their latest research on PET enzymatic depolymerization.  Bertrand Piccard, Initiator and Chairman of the Solar Impulse Foundation[1], joined as the Keynote Speaker for the last session focused on PET circularity, and praised Carbios’ contribution to reducing plastic pollution. The Summit concluded with a visit of Carbios’ demonstration plant in Clermont-Ferrand. The demonstration plant was inaugurated in September 2021 and brings Carbios’ technology one step closer to industrialization. Following the demonstration plant’s success, Carbios is on track to build and operate the world’s first industrial-scale enzymatic PET recycling plant (with a processing capacity of 50.000 tons of PET waste per year) in France (Longlaville) by 2025[2], and to start licensing its technology throughout the world.


[1] To address sustainability challenges while enabling economic growth, Bertrand Piccard and the Solar Impulse Foundation have identified 1000+ clean and profitable solutions. More details available on the official website.

[2] Cf. Press release dated 23 February 2022.

Source:

Carbios

20.12.2022

Carbios publishes first Sustainability Report

Carbios published its first Sustainability Report using 2021 as the baseline year. The report outlines Carbios’ commitment to developing environmental, social and governance (ESG) initiatives that go beyond the industrial development of its innovative plastics biorecycling technologies. Although not subject to the regulatory requirement of the Non-Financial Reporting Directive (NFRD), Carbios has nonetheless structured its report in accordance with the requirements of the European directive on Extra-Financial Performance Statements.

Carbios’ sustainability strategy is based on three pillars (governance and ethics, the environment, social and societal issues) divided into 22 priority material challenges. Carbios’ Sustainability Report reflects the company’s dedication to transparency in action and highlights its efforts in areas such as environmental sustainability; employee relations, diversity and inclusion; and corporate governance.

Within its 2021 Sustainability Report, Carbios has formalized several targets including:

ENVIRONMENTAL OBJECTIVES

Carbios published its first Sustainability Report using 2021 as the baseline year. The report outlines Carbios’ commitment to developing environmental, social and governance (ESG) initiatives that go beyond the industrial development of its innovative plastics biorecycling technologies. Although not subject to the regulatory requirement of the Non-Financial Reporting Directive (NFRD), Carbios has nonetheless structured its report in accordance with the requirements of the European directive on Extra-Financial Performance Statements.

Carbios’ sustainability strategy is based on three pillars (governance and ethics, the environment, social and societal issues) divided into 22 priority material challenges. Carbios’ Sustainability Report reflects the company’s dedication to transparency in action and highlights its efforts in areas such as environmental sustainability; employee relations, diversity and inclusion; and corporate governance.

Within its 2021 Sustainability Report, Carbios has formalized several targets including:

ENVIRONMENTAL OBJECTIVES

  • Use the Life Cycle Assessment (LCA) method to maximize circularity and aim for the lowest carbon impact
  • Commit to depolymerizing 60 tons of PET in 2023 at the Demonstration Plant in Clermont-Ferrand: the equivalent of about 3.2 million plastic bottles or 4 million food trays

SOCIAL OBJECTIVES

  • Contribute to local economic development in France: the world’s first industrial-scale enzymatic PET recycling plant in Longlaville will create 150 direct and indirect jobs
  • In a context of strong growth, promote employee well-being and safety by developing training, and ensuring the management and prevention of psycho-social risks
  • Strengthen commitment to supporting international research through academic partnerships and scientific publications

GOVERNANCE OBJECTIVES

  • Achieve 40% female members of the Board of Directors by end 2023, and 40% on Executive Committee by end 2024
  • Achieve 60% independent members of the Board of Directors by end 2024
  • Structure CSR governance with the creation of a CSR committee and integrate sustainability objectives into Executive’s compensation starting fiscal year 2023
Source:

Carbios

(c) IVL
16.12.2022

Indorama Ventures listed in the Dow Jones Sustainability Indices

Indorama Ventures Public Company Limited (IVL) has been included as a member of the Dow Jones Sustainability World Index (DJSI World) for the fourth consecutive year, with a 96 percentile, and the Dow Jones Sustainability Emerging Markets Index (DJSI Emerging Markets) for the sixth successive year, with a 99 percentile. The achievement aligns with IVL's purpose of “reimagining chemistry together to create a better world.”

In 2022, S&P Global invited over 11,000 companies to participate in the Corporate Sustainability Assessment (CSA). Companies with outstanding results were then considered eligible for any DJSI. This year, there were 86 chemical companies that led the field in terms of sustainability and were eligible for the DJSI World, which tracks the performance of the top 10% of the 2,500 largest companies, and 34 chemical companies eligible for the DJSI Emerging Markets, which tracks the performance of the top 10% of the 800 largest Emerging Markets companies. Out of which, IVL is among only 10 chemical companies in the DJSI World and only 3 chemical companies in the DJSI Emerging Markets.

Indorama Ventures Public Company Limited (IVL) has been included as a member of the Dow Jones Sustainability World Index (DJSI World) for the fourth consecutive year, with a 96 percentile, and the Dow Jones Sustainability Emerging Markets Index (DJSI Emerging Markets) for the sixth successive year, with a 99 percentile. The achievement aligns with IVL's purpose of “reimagining chemistry together to create a better world.”

In 2022, S&P Global invited over 11,000 companies to participate in the Corporate Sustainability Assessment (CSA). Companies with outstanding results were then considered eligible for any DJSI. This year, there were 86 chemical companies that led the field in terms of sustainability and were eligible for the DJSI World, which tracks the performance of the top 10% of the 2,500 largest companies, and 34 chemical companies eligible for the DJSI Emerging Markets, which tracks the performance of the top 10% of the 800 largest Emerging Markets companies. Out of which, IVL is among only 10 chemical companies in the DJSI World and only 3 chemical companies in the DJSI Emerging Markets.

IVL's consistently high ranking in DJSI is driven by the company's ambition to build its industry leadership in sustainability. Under Vision 2030, IVL is committed to reducing GHG intensity by 30% and increasing renewable electricity consumption to 25%. This year, IVL also committed to setting science-based targets through the Science Based Targets Initiative (SBTi). The company also participates in the SBTi Expert Advisory Group for the chemicals industry and provides funding for developing chemical sector decarbonization solutions.

Source:

Indorama Ventures Public Company Limited

Photo: Alexander Donka
08.12.2022

Lenzing and Renewcell sign large-scale supply agreement

The Lenzing Group, a leading supplier of sustainably produced specialty fibers, and Renewcell, the Swedish textile-to-textile recycling pioneer, have signed a multi-year supply agreement to accelerate the transition of the textile industry from a linear to a circular business model. The agreement contains the sale of 80,000 to 100,000 tonnes of Renewcell’s 100 per cent recycled textile Circulose® dissolving pulp to Lenzing over a five-year period, for use in the production of cellulosic fibers for fashion and other textile applications.

“The textile industry must change. By signing the agreement with Swedish textile-to-textile recycling company Renewcell, Lenzing is able to further integrate recycling and accelerate the transition of the textile industry from linear to circular. As champions of sustainability, we know that moving towards a circular economy is vital to address the enormous textile waste challenges of the industry”, says Christian Skilich, Chief Pulp Officer of the Lenzing Group.

The Lenzing Group, a leading supplier of sustainably produced specialty fibers, and Renewcell, the Swedish textile-to-textile recycling pioneer, have signed a multi-year supply agreement to accelerate the transition of the textile industry from a linear to a circular business model. The agreement contains the sale of 80,000 to 100,000 tonnes of Renewcell’s 100 per cent recycled textile Circulose® dissolving pulp to Lenzing over a five-year period, for use in the production of cellulosic fibers for fashion and other textile applications.

“The textile industry must change. By signing the agreement with Swedish textile-to-textile recycling company Renewcell, Lenzing is able to further integrate recycling and accelerate the transition of the textile industry from linear to circular. As champions of sustainability, we know that moving towards a circular economy is vital to address the enormous textile waste challenges of the industry”, says Christian Skilich, Chief Pulp Officer of the Lenzing Group.

“Lenzing is a major player in our industry, with an inspiring track record of path-breaking technical excellence and sustainability leadership. Our new partnership fits perfectly into Renewcell’s strategy to accelerate the scale-up of circular materials by collaborating with fashion’s most important players. We are more than pleased to join forces with Lenzing with the shared goal of making fashion circular.” said Patrik Lundström, CEO of Renewcell, in a comment on the agreement.

Canopy, a not-for-profit environmental organization dedicated to protecting forests, species, and climate, welcomes the agreement between Lenzing and Renewcell.
“Accelerating the transition to low-impact, circular production is the challenge of the decade for the fashion industry. That is why this partnership between Renewcell and Lenzing is so refreshing – it will bring low-carbon Next Gen solutions to market at scale,” exclaimed Nicole Rycroft, Executive Director of Canopy. “With the climate and biodiversity clocks ticking, the race to circularity is one we need all companies to win.”
 
It is an essential part of Lenzing’s corporate strategy and ambitious sustainability targets to become a true champion of circularity and to offer TENCEL™ and LENZING™ ECOVERO™ branded specialty textile fibers with up to 50 percent post-consumer recycled content on a commercial scale by 2025. To reach this goal Lenzing partners with recycling pioneers like Renewcell.
Circulose® originates 100 per cent from textile waste, like old jeans and production scraps, and turns into dissolving pulp. It transforms textile waste and production scrap into new high-quality textile products.

Source:

Lenzing AG / Renewxell

02.12.2022

Indorama Ventures signs ESG-Linked Revolving Credit Facility

Indorama Ventures Public Company Limited (IVL) has signed an ESG-Linked Revolving Credit Facility of €275 million with six syndicate banks, a further boost to the company’s long-standing commitment to sustainability-led corporate financing.

Tied to IVL’s ESG risk rating, the revolving credit facility’s pricing mechanism results in margin adjustments related to management score improvements across the Material ESG Issues as defined by independent sustainability and corporate governance research firms. The facility is available to IVL subsidiaries in Europe for two-years with the option to extend for one more year.

Indorama Ventures Public Company Limited (IVL) has signed an ESG-Linked Revolving Credit Facility of €275 million with six syndicate banks, a further boost to the company’s long-standing commitment to sustainability-led corporate financing.

Tied to IVL’s ESG risk rating, the revolving credit facility’s pricing mechanism results in margin adjustments related to management score improvements across the Material ESG Issues as defined by independent sustainability and corporate governance research firms. The facility is available to IVL subsidiaries in Europe for two-years with the option to extend for one more year.

The facility is part of IVL’s corporate financing strategy across a range of instruments linked to the company’s ESG and sustainability commitments. In November 2021, the company issued a THB 10 billion triple-tranche Sustainability-Linked Bond (SLB), the largest SLB issued in Thailand. IVL is on track to achieve its 2025 ESG goals. More ambitious 2030 targets include a 30% reduction in Scope 1 & 2 combined greenhouse gas (GHG) intensity, 15% reduction in energy intensity, 25% use of renewable electricity, 20% reduction in water intensity, 90% diversion of waste from landfill, recycle 1.5 million tons in PET bale input annually.

 

 

Source:

Indorama Ventures Public Company Limited

28.11.2022

Autoneum introduces fully recyclable polyester carpet systems

Automotive carpets are typically multi-layered systems that can be challenging to recycle. By introducing a carpet made of 100% polyester, Autoneum now opens up new opportunities for vehicle manufacturers to meet their sustainability targets. The innovative carpet systems are fully recyclable, thus paving the way for an improved and more sustainable end-of-life recycling of electric vehicles. In addition, the high content of recycled PET as well as the zero waste and less energy-intensive production process further improve the carbon footprint of Autoneum’s new monomaterial needlepunch and tufted carpets.

Automotive carpets are typically multi-layered systems that can be challenging to recycle. By introducing a carpet made of 100% polyester, Autoneum now opens up new opportunities for vehicle manufacturers to meet their sustainability targets. The innovative carpet systems are fully recyclable, thus paving the way for an improved and more sustainable end-of-life recycling of electric vehicles. In addition, the high content of recycled PET as well as the zero waste and less energy-intensive production process further improve the carbon footprint of Autoneum’s new monomaterial needlepunch and tufted carpets.

Autoneum’s fully recyclable carpet systems ensure a closed material loop and are thus proof of the Company’s commitment to improving the sustainability performance of its products and manufacturing processes. The 100% polyester carpets build on the existing lightweight and particularly sustainable Autoneum Pure technologies: the carpet surface, for example, is made of Di-Light or Relive-1, while Hybrid-Acoustics PET is used for the decoupler. Thanks to Autoneum’s innovative alternative backcoating (ABC) process, which uses a thermoplastic adhesive instead of latex, the production of the new monomaterial needlepunch and tufted carpets also requires significantly less energy and no water at all.

Autoneum’s sustainable tufted carpet system made of 100% polyester is already in development for an electric model of a German vehicle manufacturer that will be available in Europe and Asia.

Source:

Autoneum

(c) Indorama Ventures Public Company Limited
22.11.2022

Indorama Ventures’ Deja™ brand named winner of the Best Sustainable Product Award

Indorama Ventures Public Company Limited (IVL) has been named winner of the Best Sustainable Product Award at the Chemical Week Sustainability Awards 2022. The award was for IVL’s DejaTM Carbon Neutral pellets, a carbon-neutral virgin polyethylene terephthalate (PET) resins, helping to reduce environmental impact.

The Deja™ brand covers carbon neutral virgin and recycled PET resins and a range of recycled PET (rPET) products, including flakes, resins, fibers, and yarns. It provides IVL’s global customers with a range of high-performance applications, including packaging, lifestyle, automotive, apparel, and medical equipment. The solutions help environmentally conscious companies meet their sustainability goals.

IVL has set ambitious 2025 and 2030 targets, which shall be met through its six-pronged decarbonization strategy, including energy transition, improving operational efficiency, circular feedstock, and future technologies. The company also has a goal to recycle 100 billion PET bottles annually by 2030.

Indorama Ventures Public Company Limited (IVL) has been named winner of the Best Sustainable Product Award at the Chemical Week Sustainability Awards 2022. The award was for IVL’s DejaTM Carbon Neutral pellets, a carbon-neutral virgin polyethylene terephthalate (PET) resins, helping to reduce environmental impact.

The Deja™ brand covers carbon neutral virgin and recycled PET resins and a range of recycled PET (rPET) products, including flakes, resins, fibers, and yarns. It provides IVL’s global customers with a range of high-performance applications, including packaging, lifestyle, automotive, apparel, and medical equipment. The solutions help environmentally conscious companies meet their sustainability goals.

IVL has set ambitious 2025 and 2030 targets, which shall be met through its six-pronged decarbonization strategy, including energy transition, improving operational efficiency, circular feedstock, and future technologies. The company also has a goal to recycle 100 billion PET bottles annually by 2030.

Chemical Week Sustainability Awards recognize the industry's best efforts in addressing financial, operational, and strategic challenges by focusing on ESG and sustainable product development. The awards were assessed by S&P Global, the world's leading credit rating agency, and a panel of experts from various companies across the chemical industry's value chain.

FET-200LAB wet spinning system Photo: Fibre Extrusion Technology Limited (FET)
21.11.2022

FET wet spinning system selected for major fibre research programme

Fibre Extrusion Technology Limited (FET) of Leeds, England has installed a FET-200LAB wet spinning system at the University of Manchester which will play a major part in advanced materials research to support sustainable growth and development.

This research programme will be conducted by The Henry Royce Institute, which operates as a hub model at The University of Manchester with spokes at other leading research universities in the UK.

The Henry Royce Institute identifies challenges and stimulates innovation in advanced UK materials research, delivering positive economic and societal impact. In particular, this materials research initiative is focused on supporting and promoting all forms of sustainable growth and development.
These challenges range from biomedical devices through to plastics sustainability and energy-efficient devices; hence supporting key national targets such as the UK’s zero-carbon 2050 target.

Fibre Extrusion Technology Limited (FET) of Leeds, England has installed a FET-200LAB wet spinning system at the University of Manchester which will play a major part in advanced materials research to support sustainable growth and development.

This research programme will be conducted by The Henry Royce Institute, which operates as a hub model at The University of Manchester with spokes at other leading research universities in the UK.

The Henry Royce Institute identifies challenges and stimulates innovation in advanced UK materials research, delivering positive economic and societal impact. In particular, this materials research initiative is focused on supporting and promoting all forms of sustainable growth and development.
These challenges range from biomedical devices through to plastics sustainability and energy-efficient devices; hence supporting key national targets such as the UK’s zero-carbon 2050 target.

FET-200 Series wet spinning systems complement FET’s renowned range of melt spinning equipment. The FET-200LAB is a laboratory scale system, which is especially suitable for the early stages of formulation and process development. It is used for processing new functional textile materials in a variety of solvent and polymer combinations.

In particular, the FET-200LAB will be utilised in trials for a family of fibres made from wood pulp, a sustainable resource rather than the usual fossil fuels. Bio-based polymers are produced from biomass feedstocks such as cellulose and are commonly used in the manufacture of high end apparel. The key to cellulose and other materials like lyocell and viscose is that they can be recycled, treated and fed back into the wet spinning system for repeat manufacture.

Established in 1998, FET is a leading supplier of laboratory and pilot melt spinning systems with installations in over 35 countries and has now successfully processed more than 35 different polymer types in multifilament, monofilament and nonwoven formats.

Source:

DAVID STEAD PROJECT MARKETING LTD

(c) Hologenix, LLC
15.11.2022

Medline and Hologenix launch new orthopedic infrared products

Medline, a medical product distributor and manufacturer, together with Hologenix® launched a new line of CURAD® Performance Series® orthopedic products powered by CELLIANT® infrared technology.

CELLIANT, the flagship innovation of Hologenix, is a proprietary blend of natural minerals that allows textiles to convert body heat into infrared energy, returning it to the body and temporarily increasing local blood flow and cellular oxygenation. This has been clinically demonstrated to support recovery from physical activity and fatigue, increase endurance and stamina, and boost overall performance in healthy individuals, among other benefits.  

Trusted by athletes, CURAD is the Official Medical Supplier of the IRONMAN® U.S. Series. The new orthopedic products powered by CELLIANT infrared technology are the latest additions to the CURAD Performance Series collection and including different infrared supports designed for the ankle, knee, back, shoulder, as well as multipurpose use.

Medline, a medical product distributor and manufacturer, together with Hologenix® launched a new line of CURAD® Performance Series® orthopedic products powered by CELLIANT® infrared technology.

CELLIANT, the flagship innovation of Hologenix, is a proprietary blend of natural minerals that allows textiles to convert body heat into infrared energy, returning it to the body and temporarily increasing local blood flow and cellular oxygenation. This has been clinically demonstrated to support recovery from physical activity and fatigue, increase endurance and stamina, and boost overall performance in healthy individuals, among other benefits.  

Trusted by athletes, CURAD is the Official Medical Supplier of the IRONMAN® U.S. Series. The new orthopedic products powered by CELLIANT infrared technology are the latest additions to the CURAD Performance Series collection and including different infrared supports designed for the ankle, knee, back, shoulder, as well as multipurpose use.

“This new CURAD Performance Series offering represents a major expansion of CELLIANT infrared (IR) bio-responsive textiles into the sports medicine field,” said Seth Casden, Hologenix Co-Founder and CEO. “We are honored to partner with Medline and look forward to future introductions.”

In addition to the inclusion of CELLIANT infrared technology, Medline has engineered the elastic supports to provide targeted compression for enhanced local circulation that helps reduce swelling, with a contoured fit that won’t slip or shift during normal activities with silicone grips that keep the product in place.

The removable hot/cold therapy supports provide adjustable compression and a gel compress that can be cooled or heated to further reduce swelling and discomfort.

Source:

Hologenix, LLC /  Sarah Fletcher Communication

(c) ISKO
04.11.2022

ISKO publishes 2022 Sustainability Impact Report

ISKO publishes its 2022 Sustainability Impact Report, which covers its activities and performance up to December 2021.

In this year’s report, ISKO details the results of its sustainability targets as they relate to six of the United Nation’s Sustainable Development Goals (SDGs). ISKO outlines its sustainability road map through specific topics, including the elimination of first-generation materials.

See the full report here.

ISKO publishes its 2022 Sustainability Impact Report, which covers its activities and performance up to December 2021.

In this year’s report, ISKO details the results of its sustainability targets as they relate to six of the United Nation’s Sustainable Development Goals (SDGs). ISKO outlines its sustainability road map through specific topics, including the elimination of first-generation materials.

See the full report here.

Source:

ISKO / Menabò Group srl

02.11.2022

Swiss textile manufacturer Schoeller Textil AG with new branding

  • Focus on the guiding principle of "textile intelligence" and sustainability

Long before sustainability became a trend in the textile industry, Schoeller Textil AG, which has been innovating technical fabrics and smart textile finishing technologies for more than 150 years, made it its mission to develop textile innovations in harmony with nature. Now the company is undergoing an extensive rebranding, whilst unveiling its strong brand foundation in the process. The result embodies the newly defined guiding principle of “Textile Intelligence” - the development and successful implementation of innovative textiles and intelligent textile technologies.

Innovations in the textile industry must meet requirements on several levels – offering both new and optimized solutions to sociological, ecological, and economic challenges of our time. Creating this holistic added value is firmly rooted in the Schoeller brand origin and is still the top priority in textile product development today. The brand essence has thus remained the same, but it has been embodied anew.

  • Focus on the guiding principle of "textile intelligence" and sustainability

Long before sustainability became a trend in the textile industry, Schoeller Textil AG, which has been innovating technical fabrics and smart textile finishing technologies for more than 150 years, made it its mission to develop textile innovations in harmony with nature. Now the company is undergoing an extensive rebranding, whilst unveiling its strong brand foundation in the process. The result embodies the newly defined guiding principle of “Textile Intelligence” - the development and successful implementation of innovative textiles and intelligent textile technologies.

Innovations in the textile industry must meet requirements on several levels – offering both new and optimized solutions to sociological, ecological, and economic challenges of our time. Creating this holistic added value is firmly rooted in the Schoeller brand origin and is still the top priority in textile product development today. The brand essence has thus remained the same, but it has been embodied anew.

“At the beginning of the rebranding process, it was clear to us we had to root ourselves in (Swiss) tradition in order to fully realize Schoeller’s entire brand potential and successfully explore new, digital paths,” said Antonio Gatti Balsarri, Schoeller chief commercial officer.

“The goal of the rebranding is to communicate our traditional brand values in a completely new brand presence. The result was a sharpened brand profile, a clear brand strategy and tonality, as well as a clean, modern corporate design. We will specifically address our sustainability commitment through the expansion of digital touchpoints, their cross-media use, and an increased online presence. Simplified, straightforward, sustainable - in accordance with our greatest source of inspiration: nature.”

Transparency and Sustainability
Paramount to Schoeller’s corporate identity is the full disclosure of brand principles and transparency around all business divisions. A simplified logo design was established by reducing logo elements and colors for a modern look and feel that can be produced in a much more resource-efficient manner. Schoeller’s new brand mantra of “Textile Intelligence” speaks to its company mission of more than 150 years.

Schoeller has been a bluesign system partner from the very beginning and uses the Higg Facility Environmental Module (FEM) to assess sustainable performance. In addition to environmentally-friendly manufacturing processes and careful material selection, the highest quality and sustainability standards in production also mean guaranteeing fair working conditions. Schoeller follows a Code of Conduct that guarantees transparent production chains, environmental protection, and fair working conditions.

“Zero Textile Waste” becomes a targeted brand strategy. While the production of textiles and textile technologies is continuously being optimized to preserve resources, the manufacturing processes are often costly and complex. To this end, Schoeller offers new approaches to efforts around Zero Waste in the industry. Its new online shop, “Schoeller re-Fabric” sells textile remnants from production directly to designers and smaller productions to increase its overall production volume efficiency and avoid textile waste.

Source:

Schoeller Textil AG