Brenntag approves 1.45 EUR dividend

Brenntag held its General Shareholders’ Meeting on June 9, 2022. As in the previous two years, the meeting took place as a virtual event due to the ongoing constraints of the COVID-19 pandemic. Christian Kohlpaintner, Chief Executive Officer Brenntag SE, and Kristin Neumann, Chief Financial Officer Brenntag SE, presented the highlights of the financial year 2021 as well as for the first months of 2022, emphasizing the strong performance in the two most important key figures, operating gross profit, and operating EBITDA. The management also provided an overview of the comprehensive transformation program “Project Brenntag” and the progress achieved so far

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Evonik spends venture capital on sustainability funds

Essen, Germany – Evonik Venture Capital has invested in two sustainability funds: Azolla Ventures I and the Chrysalix Venture Capital’s Carbon Neutrality Fund. Both companies are looking into CO2 reduction technologies, with Azolla focused on North America and Chrysalix globally. This is Evonik’s venture capital arm’s first investment using the new €150 million Sustainability Tech Fund. All parties have agreed to not disclose the amount of the investment.

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USTMA ambassadors meet with members of Congress

The U.S. Tire Manufacturers Association (USTMA) is hosting a Capitol Hill virtual fly-in June 14-16 for its Tire Manufacturing Ambassadors to raise awareness about issues important to the U.S. tire manufacturing sector and the communities it serves. The Ambassadors represent USTMA’s 12 member companies, and the annual event provides the opportunity to share perspectives on industry economic impact, innovative infrastructure solutions, and sustainability with elected officials who make policy that impacts manufacturing.

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Sumitomo Rubber wins Tire Technology of the Year award

Sumitomo Rubber Industries, Ltd. announced their “Performance Sustaining Technology,” which utilizes hydrogenated polymer to extend tire performance life, has won the “Tire Technology of the Year Award” at this year’s “Tire Technology International Awards for Innovation and Excellence.” Recognizing outstanding advancements in tire technology, this prestigious awards ceremony served as one of the opening highlights of “Tire Technology Expo 2022,” which is being held this May 18th through 20st in Hannover, Germany.

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Ford sides with the EPA and California for tougher emission standards

Dearborn, MI – Ford filed a motion to intervene on the side of the EPA against a challenge to California’s ability to protect public health and combat climate change by setting vehicle emissions standards. Ford has consistently supported stricter greenhouse gas standards even when EPA did not, and this suit continues Ford’s leadership as the only U.S. automaker to stand with California in support of stricter vehicle emissions standards in 2019.

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