DOWNERS
GROVE, Ill., April 17,
2024 /PRNewswire/ -- Univar Solutions LLC ("Univar
Solutions" or "the Company"), a leading global solutions provider
to users of specialty ingredients and chemicals, announced today
that the Company has executed a Letter of Intent with ClearShift
LLC ("ClearShift"), a leader in the development of gas-to-liquids
technology and the production of carbon neutral specialty chemicals
and low carbon fuels. In establishing this relationship, Univar
Solutions plans to offer high-grade carbon neutral specialty
chemicals from a forthcoming ClearShift facility in Louisiana.
"At Univar Solutions, we're committed to
creating a cleaner, safer, and more sustainable world," said vice
president, sustainable and natural products, Kelly Gilroy. "Our relationship with ClearShift
is another positive step toward a lower carbon future as we support
customers on their sustainability journeys."
"At Univar Solutions, we're committed to creating a
cleaner, safer, and more sustainable world," said vice president,
sustainable & natural products, Kelly
Gilroy. "Our relationship with ClearShift is another
positive step toward a lower carbon future as we support customers
on their sustainability journeys."
Univar Solutions will help provide Dallas, Texas-based ClearShift with a channel
to market its premium carbon friendly products that are expected to
come online in 2027. The relationship will also help bring to
market a suite of products for customers from around the globe who
are seeking more sustainable solutions.
"We are very proud to celebrate our partnership with Univar
Solutions," said John Stephenson, CEO of ClearShift.
"Delivering carbon neutral products at an affordable price is a
huge step toward reducing the world's carbon footprint. With the
help of Univar Solutions, our products will have a major impact on
societal transition toward a cleaner climate for generations to
come." Piper Sandler is serving as
ClearShift's exclusive financial advisor.
About Univar Solutions
Univar Solutions is a leading
global specialty chemical and ingredient distributor representing a
premier portfolio from the world's leading producers. With the
industry's largest private transportation fleet and technical sales
force, unparalleled logistics know-how, deep market and regulatory
knowledge, formulation and recipe development, and leading digital
tools, the Company is well-positioned to offer tailored solutions
and value-added services to a wide range of markets, industries,
and applications. While fulfilling its purpose to help keep
communities healthy, fed, clean and safe, Univar Solutions is
committed to helping customers and suppliers innovate and focus on
Growing Together. Learn more at www.univarsolutions.com.
About ClearShift
ClearShift produces ultra-pure, environmentally friendly fuels and
specialty chemicals using a cutting-edge gas-to-liquids (GTL)
process, responsibly replacing legacy oil-based fuels and
chemicals. Its GTL technology converts methane, flare gas and CO2
into low carbon fuels and non-combustible carbon neutral specialty
chemicals, removing the associated CO2 from the air permanently.
ClearShift helps companies convert pollution into profit, while
reducing their carbon footprint. The goal is for ClearShift's
forthcoming facility to produce over 38 million gallons per year
(230 million pounds per year) of high-grade, carbon neutral
specialty chemicals. ClearShift also produces clean hydrogen,
which is consumed in its non-combustion production process. For
further information, visit www.goclearshift.com
Forward-Looking Statements and Information
This
communication contains "forward-looking statements" under
applicable law regarding financial and operating items relating to
the Company's business. Forward-looking statements generally can be
identified by words such as "believes," "expects," "may," "will,"
"should," "could," "seeks," "intends," "plans," "estimates,"
"anticipates" or other comparable terms. All forward-looking
statements made in this communication are qualified by this
cautionary language.
Forward-looking statements are subject to known and unknown
risks and uncertainties, many of which may be beyond the Company's
control, that could result in expectations not being realized or
could otherwise materially and adversely affect the Company's
business, financial condition, results of operations or cash flows.
Although the forward-looking statements are based on what
management believes to be reasonable assumptions, we caution you
that the forward-looking information presented in this
communication is not a guarantee of future events or results, and
that actual events or results may differ materially from those made
in or suggested by the forward-looking information contained in
this communication. For additional information regarding factors
that could affect the Company, please see the Company's most recent
annual report and other financial reports, including the
information set forth under the caption "Risk Factors." Any
forward-looking statements represent the Company's views only as of
the date of this communication and should not be relied upon as
representing the Company's views as of any subsequent date, and the
Company undertakes no obligation, other than as may be required by
law, to update any forward-looking statement.
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SOURCE Univar Solutions LLC