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Ingevity Corporation - NGVT STOCK NEWS

Welcome to our dedicated page for Ingevity Corporation news (Ticker: NGVT), a resource for investors and traders seeking the latest updates and insights on Ingevity Corporation stock.

Ingevity Corporation (NYSE: NGVT) is a leading manufacturer of performance chemicals and materials based in the United States. The company operates in three primary segments: Performance Chemicals, Performance Materials, and Advanced Polymer Technologies.

The Performance Chemicals segment is the largest revenue generator, producing specialty chemicals used in diverse applications such as asphalt paving, oil exploration and production, agrochemicals, adhesives, lubricants, and publication inks. These chemicals are designed to enhance the performance and durability of these products, making them essential in their respective industries.

The Performance Materials segment focuses on the production of automotive carbon products, which are critical for improving the efficiency and emissions of vehicles. This segment plays a significant role in ensuring that the air we breathe is cleaner by providing innovative solutions for the automotive industry.

The Advanced Polymer Technologies segment specializes in caprolactone and caprolactone-based specialty polymers. These advanced polymers are used in a variety of high-performance applications, offering unique properties that enhance the capabilities of products across different markets.

Ingevity is committed to addressing customer challenges with creative and resourceful teams that aim to purify, protect, and enhance the world around us. By leveraging their high-performing people, products, and processes, Ingevity strives to drive exponential results and improve daily living.

Recent achievements include advancements in oilfield technologies that enable oil to flow better, innovations in agricultural chemicals that help crops grow fuller, and the development of longer-lasting road materials. The company also invests in partnerships and projects that align with their mission to create sustainable and impactful solutions.

Ingevity generates the majority of its revenue from North America and continues to expand its presence in global markets. The company’s financial condition remains robust, underpinned by steady revenue growth and strategic investments in research and development.

Stay updated with the latest news and developments about Ingevity Corporation to understand how they are driving innovation and making a significant impact across various industries.

Rhea-AI Summary
Ingevity Corporation (NYSE:NGVT) has entered into a renewable product purchase agreement with NextEra Energy Resources to produce offsetting renewable energy to lower Scope 2 emissions related to Ingevity’s U.S. manufacturing locations. Ingevity aims to reduce greenhouse gas emissions and be carbon neutral for absolute GHG emissions from manufacturing operations by 2050. Ingevity will receive 85 megawatts of capacity at a new NextEra Energy Resources solar site in North Texas.
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Ingevity's Capa thermoplastic grades have obtained the OK biodegradable WATER certification. This certification confirms that Capa thermoplastics fully biodegrade in fresh water environments within eight weeks, avoiding the formation of persistent microplastics. Ingevity's portfolio of Capa thermoplastics becomes one of the few bioplastics certified as OK biodegradable WATER, helping customers address water biodegradability requirements and environmental pollution concerns.
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Ingevity Corporation's Capa thermoplastic grades have received certification from the Biodegradable Products Institute (BPI) as compostable products. The certification confirms that Capa thermoplastics can be composted in municipal or industrial facilities and leave no toxic residue or microplastics. Ingevity's products exceeded the ASTM standard by biodegrading in 84 days with no residuals left behind.
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Ingevity Corporation (NYSE:NGVT) has scheduled the release of its first-quarter 2023 earnings report for May 3, 2023, after the market closes. A live webcast will be held on May 4, 2023, at 10:00 a.m. Eastern to discuss the results. Interested parties can access the webcast through Ingevity's website or by dialing in via telephone.

The replay of the conference call will be available from 2:00 p.m. Eastern on May 4, 2023, until May 3, 2024. Ingevity specializes in products and technologies that enhance sustainability across various sectors, operating in three main segments: Performance Chemicals, Advanced Polymer Technologies, and Performance Materials.

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FAQ

What is the current stock price of Ingevity Corporation (NGVT)?

The current stock price of Ingevity Corporation (NGVT) is $48.56 as of November 22, 2024.

What is the market cap of Ingevity Corporation (NGVT)?

The market cap of Ingevity Corporation (NGVT) is approximately 1.8B.

What does Ingevity Corporation specialize in?

Ingevity specializes in performance chemicals and materials, focusing on segments like Performance Chemicals, Performance Materials, and Advanced Polymer Technologies.

What are the main products of Ingevity's Performance Chemicals segment?

Ingevity's Performance Chemicals segment produces specialty chemicals for asphalt paving, oil exploration and production, agrochemicals, adhesives, lubricants, and publication inks.

How does Ingevity contribute to cleaner air?

Ingevity's Performance Materials segment produces automotive carbon products that enhance vehicle efficiency and reduce emissions, contributing to cleaner air.

What are caprolactone-based specialty polymers?

Caprolactone-based specialty polymers are advanced polymers produced by Ingevity's Advanced Polymer Technologies segment, used in various high-performance applications.

Where does Ingevity generate most of its revenue?

Ingevity generates the majority of its revenue from North America.

What recent advancements has Ingevity made?

Recent advancements include innovations in oilfield technologies, agricultural chemicals, and longer-lasting road materials.

How does Ingevity address customer challenges?

Ingevity addresses customer challenges with creative and resourceful teams dedicated to purifying, protecting, and enhancing the world around us.

What is the mission of Ingevity Corporation?

Ingevity's mission is to create sustainable and impactful solutions that improve daily living by purifying, protecting, and enhancing the world around us.

How does Ingevity ensure the durability of roads?

Ingevity's Performance Chemicals segment develops specialty chemicals that enhance the performance and durability of asphalt paving, making roads last longer.

What is the significance of Ingevity's automotive carbon products?

Ingevity's automotive carbon products are crucial for improving vehicle efficiency and reducing emissions, thus contributing to environmental sustainability.

Ingevity Corporation

NYSE:NGVT

NGVT Rankings

NGVT Stock Data

1.78B
36.00M
0.88%
101.4%
2.94%
Specialty Chemicals
Chemicals & Allied Products
Link
United States of America
NORTH CHARLESTON