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Univar Solutions and ClearShift Take Steps to Advance Zero Carbon Specialty ChemicalsDOWNERS 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 hel 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 About ClearShift Forward-Looking Statements and Information 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.
View original content to download multimedia:https://www.prnewswire.com/news-releases/univar-solutions-and-clearshift-take-steps-to-advance-zero-carbon-specialty-chemicals-302118984.html SOURCE Univar Solutions LLC |