Emerald Performance Materials, LLC has reached an agreement to sell its Emerald Specialties and Polymer Additives and Nitriles business groups to DyStar LP.
The sale involves five of the company’s nine plants, specifically the dedicated plants in Charlotte, NC, Cincinnati, OH, Cheyenne, WY, Henry, IL, and a portion of a shared site in Akron, OH. Terms of the transaction were not disclosed.
The sale is expected to close in the third quarter of 2016, subject to standard regulatory approvals.
Emerald produces and markets technologically advanced specialty chemicals for a broad range of food and industrial applications. Its products play a variety of roles in the products that are consumed and used every day enabling them to last longer, look, smell, taste or perform better. Emerald® products are used in aerospace, food, beverages, cosmetics, toothpaste, household products, paint, tires, automobiles, sports gear and many other applications. Emerald has four business units, nine operations and approximately 800 employees. To learn more about Emerald, please visit www.emeraldmaterials.com.
Source: Emerald Performance Materials
France has launched an offshore green hydrogen production platform at the country’s Port of Saint-Nazaire this week, along with its first offshore wind farm. The hydrogen plant, which its operators say is the world’s first facility of its type, coincides with the launch of another “first of its kind” facility in Sweden dedicated to storing hydrogen in an underground lined rock cavern (LRC).
The project sets up the Hydrogen Valley in Rome, the first industrial-scale technological hub for the development of the national supply chain for the production, transport, storage and use of hydrogen for the decarbonization of industrial processes and for sustainable mobility.
At first glance, hydrogen seems to be the perfect solution to our energy needs. It doesn’t produce any carbon dioxide when used. It can store energy for long periods of time. It doesn’t leave behind hazardous waste materials, like nuclear does. And it doesn’t require large swathes of land to be flooded, like hydroelectricity. Seems too good to be true. So…what’s the catch?