Month: May 2023

Arrow and eInfochips are helping young entrepreneurs in India improve water quality and public health with a smart IOT sensor package enhanced by AI. Now the Saafwater platform is being tested in large cities like Hyderabad where water quality can fluctuate with serious consequences.

Saaf is a Hindi word for “clean” and “pure”.

Saafwater is a startup by young Indian entrepreneurs who want to help provide reliably clean water and reduce health risks for their nation’s 1.4 billion citizens – and billions more worldwide.

Their solution – a smart IOT sensor package enhanced by AI – won the 2021 Call for Code global competition for humanitarian technologies. The contest is supported by Arrow Electronics, charitable partner United Nations Human Rights, Founding Partner IBM, and others.

In 2022, Arrow matched Saafwater with eInfochips, an Arrow-owned design engineering firm with offices and prototyping centers in India. Together, they revised the platform using 4G to amplify the device’s capabilities, allowing for faster real-time data and quicker turnaround for analyzing contaminated water. The new development also makes the device easier to manufacture at scale.

It attaches to water pipes serving an apartment complex, an office building, or a community. Sensors continuously measure the water’s quality and stores the data in the Cloud for analysis. Water utilities and residents receive water quality updates and recommendations via text messages and a smart phone app.

Engineers at eInfochips built five cellular communication boards for the new design, and those units are being field tested during 2023 in the city of Hyderabad, population 11.5 million. Saafwater plans to install hundreds of units in more communities in India within a year.

Saafwater: How it Works and Who it Helps

The 4G enabled communication board built by eInfochips works with the control module created by Saafwater, which detect contaminants – a system that works effortlessly and improves data transmission reliability and speed.

“Two billion people do not have access to clean drinking water. We wish to deploy Saafwater in every village, every town, and every city in the world.”

– Jay Aherkar, co-founder of SaaF Water

About Arrow: Arrow Electronics guides innovation forward for over 220,000 leading technology manufacturers and service providers. With 2022 sales of $37.1 billion, Arrow develops technology solutions that improve business and daily life. Learn more at fiveyearsout.com.

ROTTERDAM, Netherlands, May 9, 2023, /3BL Media/ – Infinity Recycling, Invest-NL and LyondellBasell announced today they have invested in Pryme N.V., an innovative cleantech company, located in Rotterdam, the Netherlands. The group of investors contributed nearly EUR 13 million to support the commercialization of Pryme’s pyrolysis process to convert used plastic into valuable products on an industrial scale. Pryme is currently building an advanced recycling plant in Rotterdam that is expected to start production later this year and plans to build a second larger-scale plant in 2025.

“We are excited to welcome this group of strong investors at our side,” said Chris Herve, CEO of Pryme. “Just like earlier investments by Infinity Recycling and Stichting Multistrat opened doors and allowed us to gain important market knowledge, we expect our new investors to each bring valuable experience and perspective to further develop our technology. With this dedicated support comes responsibility and expectation to deliver – a challenge we gladly accept.”

Pryme has developed a new cost-effective approach to pyrolysis that allows used plastic to be recycled with a high conversion rate, on an industrial scale and with a lower carbon footprint. With the new capital, Pryme aims to accelerate the roll-out of this technology to help reduce the amount of plastic being incinerated or ending up in the environment.

Jeroen Kelder, Managing Partner, Infinity Recycling, said: “Infinity Recycling is pleased to announce that it has successfully assembled a strong consortium of investors to support its portfolio company Pryme in its next phase of growth. We are proud to have facilitated this important milestone for Pryme and are confident that this backing will be instrumental in its continued success.”

Elisabeth Storm de Grave, Principal at Invest-NL, said: “We are pleased to invest in Pryme in close cooperation with our portfolio fund Infinity Recycling and LyondellBasell. This investment round is a significant milestone for scaling up Pryme’s advanced recycling capacities, which are critical to address those parts of the plastic waste streams that cannot be recycled through mechanical technologies. It clearly underlines the strong position of the Netherlands to address the plastic waste crisis.”

“With increasing demand from society and customers for more circular products, we are thrilled to invest in fast-growing companies like Pryme to support the scale-up of new advanced recycling commercial operations and reduce the volume of used plastic sent to incineration,” said Martino Gabellich, LyondellBasell Vice President Advanced Recycling and Low Carbon Solutions. “This investment supports our strategy to grow our circular and low carbon solutions , as we intend to use part of the pyrolysis oil produced from this new Pryme facility in our planned integrated hub in Cologne, Germany.”

Forward-Looking Statements 
The statements in this release relating to matters that may not be historical facts are forward-looking statements. These forward-looking statements are based upon assumptions which are believed to be reasonable at the time made and are subject to significant risks and uncertainties. When used in this release, the words “estimate,” “believe,” “continue,” “could,” “intend,” “may,” “plan,” “potential,” “predict,” “should,” “will,” “expect,” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Actual results could differ materially based on factors including, but not limited to, the ability to meet sustainability goals, including the ability to increase production of recycled and renewable-based polymers to meet targets and forecasts; and the successful construction and operation of the facilities proposed in this release.

About Infinity Recycling

Infinity Recycling was established to create markets for end-of-life plastic streams by investing in plastic recycling valorization technologies. Infinity Recycling’s first offering, the Circular Plastic Fund, makes a significant contribution to solving the plastic waste problem and unlocking much-needed capacity in high-demand recycled commodities. The Fund implements a return-driven investment strategy that drives value creation in advanced recycling and accelerates the conversion to a circular economy for plastics.

About Invest NL

Invest-NL is the National Financing and Development Institution of the Netherlands that, as an impact investor, focusses on making financeable what does not seem to be financeable. Together with other financers, investors and development specialists – both private and public – Invest-NL’s primary attention is on the larger societal challenges like the transition to a carbon neutral and circular economy, affordable and accessible healthcare, and deep tech.

More information can be found at www.invest-nl.nl

About LyondellBasell

We are LyondellBasell – a leader in the global chemical industry creating solutions for everyday sustainable living. Through advanced technology and focused investments, we are enabling a circular and low carbon economy. Across all we do, we aim to unlock value for our customers, investors and society. As one of the world’s largest producers of polymers and a leader in polyolefin technologies, we develop, manufacture and market high-quality and innovative products for applications ranging from sustainable transportation and food safety to clean water and quality healthcare. For more information, please visit www.lyondellbasell.com or follow @LyondellBasell on LinkedIn.

About Pryme | www.pryme-cleantech.com

Pryme N.V. is an innovative cleantech company focused on converting used plastic into valuable products through advanced (chemical) recycling on an industrial scale. Its efficient and scalable technology is based on a proven pyrolysis process that has been further developed and enhanced with proprietary characteristics.

The company is currently building its first plant in the port of Rotterdam with an annual intake of up to 40,000 metric tons, which will start production in 2023.

Pryme’s ambition is to contribute to a low-carbon, circular plastic economy and to realize the enormous rollout potential of its technology through the development of a broad portfolio of owned-operated plants with strategic partners.

The company is listed on Euronext Growth Oslo and can be followed on LinkedIn.

For investor inquiries, please email to: ir@pryme-cleantech.com

For media inquiries, please contact: 

Infinity Recycling 
Email: enquiries@infinity-recycling.com

Invest-NL 
Chris Roelen, Head of MarCom 
Email: chris.roelen@invest-nl.nl

LyondellBasell 
Robert Kleissen Manager, Europe Communications 
Email: robert.kleissen@lyondellbasell.com 
Media Line: +31 6 273 573 98

Pryme 
Email: ir@pryme-cleantech.com

Cummins

COLUMBUS, Ind., May 9, 2023 /3BL Media/ – Global power leader Cummins Inc. recently signed a definitive agreement with Tata Motors Limited to manufacture a range of low- to zero-emissions technology products in India over the next few years.

The agreement was signed by Jennifer Rumsey, Cummins’ President and Chief Executive Officer, and Girish Wagh, Executive Director, Tata Motors, at Cummins’ headquarters in Columbus, Indiana (U.S.). It was announced late last month.

Tata Motors and Cummins have a 30-year strong partnership through their joint venture Tata Cummins Private limited (TCPL) in India, established in 1993. The signing of this definitive agreement further strengthens their relationship and is a step forward from the Memorandum of Understanding signed between the two organizations in November 2022 to collaborate on the design and development of low- and zero-emissions propulsion technology solutions for commercial vehicles in India.

As a part of this agreement, Cummins and Tata Motors Limited have set up a new business entity called TCPL Green Energy Solutions Private Limited (GES), a wholly owned subsidiary under the existing joint venture, with a focus on the development and manufacturing of sustainable technology products.

These products will include hydrogen-powered internal combustion engines, fuel delivery systems, as well as battery electric powertrains and fuel cell electric systems through the Accelera by Cummins brand.

The low- to zero-emissions technologies developed by TCPL GES will be integrated into both on-highway and off-highway applications for domestic and international markets. This agreement will play a pivotal role in developing sustainable powertrain solutions that will help in mitigating greenhouse gas emissions, improving air quality, and supporting India’s net zero ambitions.

“Progress requires partnership, and I am delighted that we are embarking on this decarbonization journey with our trusted partner of 30 years – Tata Motors,” Rumsey said after signing the agreement. “Together, we will advance low- and zero-emissions technologies in a way that is best for our customers, communities, and the planet.”

Wagh is also excited about the partnership.

“Tata Motors is leading the global megatrend of green, smart and safe mobility in India,” Wagh said. “Our goal is to achieve net zero emissions by 2045 in the commercial vehicles segment. We are collaborating with partners who believe in this vision and are delighted to further strengthen our three-decade long association with Cummins Inc.”