Startups strive to recycle emissions for ‘new carbon economy’

Jennifer Holmgren, CE of carbon recycling firm LanzaTech, explained modestly how the Chicago-based startup had cut multimillion-dollar deals on four continents, including in China, aimed at helping curb climate change and air pollution. At the Jingtang Steel Mill in Heibei province, the company uses bacteria to convert waste gases into ethanol for use in cleaner fuel, capturing carbon so that it is not released into the atmosphere as planet-warming carbon dioxide (CO2).

Powered by WPeMatico

Dope-free tech used in three stand CRA pipes’ first run

Stainless steels developer and manufacturer Sandvik’s SAF 2507 corrosion resistant alloy (CRA) pipes were used with dope-free technology to conduct the first ever run of CRA tubes in stands of three pipes (triples). The pipes were used by an international operator in a project involving wells to cut costs.

Powered by WPeMatico

Ruland makes stainless steel oldham couplings

Flexible couplings manufacturer Ruland Manufacturing now makes oldham coupling hubs from 303 stainless steel. This addition gives designers an off-the-shelf coupling to choose from when designing systems in corrosive, vacuum or cleanroom environments.

Powered by WPeMatico

New stainless steel enclosure systems presented at trade fair

Earlier this month, industrial enclosures provider Rittal presented its new stainless steel versions of the company’s AX and KX small and compact enclosure series and the VX25 enclosure system at this year’s international meat industry trade fair IFFA in Frankfurt, Germany, from May 4 to 9. While the company presented system solutions for enclosure, power distribution and climate control technology, the main highlight of Rittal’s presentation was its comprehensive Hygienic Design range of stainless steel housings, enclosures and climate control systems for hygienically sensitive areas where cleaning has to take place regularly.

Powered by WPeMatico

Chrome ore exports contribute to stainless steel production

The export of chrome ores from South Africa for use in the ferrochrome smelter of Chinese stainless steel group Tsingshan’s stainless steel plant has contributed to global growth in chrome ore supply. “Although the plant receives supply from China, which is re-routed South African material, and Turkey, it is mainly South African ore that gets fed into the smelter . . . The growth in the chrome in South Africa has come exclusively from chromium ores,” states international metals and minerals consultancy Roskill senior analyst Olivier Masson.

Powered by WPeMatico

Company drives new stainless steel applications

Owing to stainless steel being 100% reusable, local stainless steel distributor Stalcor is engaged in a drive to find new applications for stainless steel in which the metal can be used as an alternative to materials such as plastic, thereby providing a green solution, says Stalcor projects manager James Barnard. “Two successful examples are the use of reusable stainless steel straws instead of disposable plastic ones, and replacing historical carbon steel, copper or polyvinyl chloride water pipes with corrugated stainless steel pipes. This kind of forward thinking is what we need in our local industry, as it will enable Stalcor and the industry to grow into new markets, which are under pressure,” he states.

Powered by WPeMatico

Stefanutti Stocks warns of short-term liquidity pressures

Construction engineering company Stefanutti Stocks on Thursday said it was experiencing short-term liquidity pressures and was considering raising  funding through a combination of ring-fenced project financing, a number of alternative funding solutions and, as a last resort, a fresh issue of shares. The company, which said the trading environment remains “extremely difficult,” incurred losses for the financial year ended February 28.

Powered by WPeMatico

Broad stakeholder engagement necessary to effect ‘new dawn’ – Cesa

In keeping with President Cyril Ramaphosa’s call for a “new dawn” in South Africa’s economy, Consulting Engineers South Africa (Cesa) says it would like to see the reinstatement of stakeholder engagement processes in especially the construction industry.

These processes are aimed at creating a transparent environment setting the stage for economic growth that is underpinned by investment in infrastructure development, resulting in improved service delivery, explains Cesa CEO Chris Campbell.

Powered by WPeMatico

Vukile records above-market full-year performance

Vukile Property Fund achieved 7.5% growth in dividends to 181.48c a share for the financial year ended March 31, boasting a strong, above-market performance in a “tough” year. At a briefing on its results, on Monday, CEO Laurence Rapp said the year had been characterised by difficult macroeconomic conditions and political uncertainty, which had hampered the property sector.

Powered by WPeMatico

Arrowhead appoints interim CFO, declares lower interim dividend

JSE-listed real estate investment trust (Reit) Arrowhead Properties on Wednesday announced the resignation of its CFO Imraam Suleman, following an instance of unauthorised use of company resources.

The company has appointed Arend de Kock as interim CFO in Suleman’s place.

Powered by WPeMatico