CPChem
Assembly Line
Infinity Recycling, LyondellBasell, and CPChem invest in Alterra to Accelerate the Commercial Development of Advanced Recycling
Alterra, a leader in plastic circularity process technology, announced the first closing of its latest equity investment round with funding from Infinity Recycling, LyondellBasell and Chevron Phillips Chemical. This investment round will accelerate the commercialization of Alterra’s Advanced Recycling technology, designed to transform discarded plastic into valuable raw materials, creating a more sustainable and circular economy. Infinity Recycling led the financing round via its Circular Plastics Fund. Alterra also received additional equity investments as part of this round from Finnish circular and renewable feedstock solutions partner Neste and long-term private investor Potenza Capital.
Alterra’s innovative technology converts discarded plastic into valuable resources, reducing landfill dependence and supporting the transition to a circular economy. With this new funding, the company aims to deploy its solutions globally, reinforcing its commitment to sustainable plastics management.
Chevron Phillips Chemical tackles generative AI with Databricks
Chevron Phillips Chemical Accelerates Digital Transformation and Cultural Innovation with Seeq
Chevron Phillips Chemical (CPChem) uses advanced analytics software Seeq to make better data-based decisions, Accelerates Digital Transformationenabling a data-driven culture. At the Seeq Conneqt conference, Brent Railey, Manager of Data Science at CPChem, described how Seeq enabled a cultural shift at the company. CPChem was able to use Seeq to digitally transform the organization by improving collaboration and problem-solving to make faster data-based decisions. CPChem’s digital foundation team used the Seeq platform to help them view and understand the value of data and to enable their digital transformation, setting a foundation for CPChem’s digital transformation team.
The software helped create a common framework for interacting with data across CPChem’s sites, and enabled collaboration across the organization. Seeq’s intuitive user design helped make adoption quick and time to insights faster. CPChem was able to solve problems that they could not solve before using Seeq.