The heat battery offers a sustainable alternative to steam generation with fossil fuels, storing intermittent renewable electricity and delivering continuous high-temperature steam.
The acquisition will add capacity of 50,000 metric tons of recycled materials annually to advance progress towards Dow's 2030 Transform the Waste goal.
The company reports renewable energy increased by 5%, with 18% of the electricity consumed by Trinseo coming from biomass, wind, solar, and hydroelectric sources.
With this acquisition, Meridian will leverage the company’s extensive product range and expertise to provide a more comprehensive suite of adhesive solutions to its global customer base.
Henkel Adhesive Technologies recently announced that all its manufacturing sites in the Middle East and Africa (MEA) region now operate on 100% renewable electricity.