LONDON and NEW YORK, October 12, 2018 /PRNewswire/ --
ICIS (www.icis.com), the trusted information provider for the global chemical and energy industries, today reveals that Georgia, US-based Lehigh Technologies has been chosen as the overall winner in the ICIS Innovation Awards (www.icis.com/awards) for 2018.
Lehigh Technologies' entry for its innovative approach to end-of-life tyre recycling using cryogenic grinding of tyre rubber to produce micronised rubber powder (MRP), also won the category for Innovation with Best Benefit to Environment or Sustainability, sponsored by US chemical distributor Maroon Group.
MRP, marketed by Lehigh as PolyDyne and Microdyne, can be used in the manufacture of new tyres, as well as other high-performance rubber products, and thus enables the move towards the circular economy in the tyre industry. The material, with carefully controlled particle size, has already been used in the manufacture of over 500m new tyres.
The innovation was judged the clear winner by the panel of five leading industry innovation experts. The judges commented on its commercial success in the market, the scale of the benefits it offers and the fact that the product has been engineered in an easy-to-use form.
The ICIS Innovation Awards, sponsored overall by BASF (www.basf.com) and with category sponsorship from Maroon Group, (www.maroongroupllc.com), ExxonMobil Chemical (www.exxonmobilchemical.com) and Accenture (www.accenture.com), recognise outstanding technological and business innovation in the global chemical industry.
OTHER WINNERS IN THE ICIS INNOVATION AWARDS THIS YEAR WERE:
Best Product Innovation - sponsored by Accenture
Stora Enso - Repurposing lignin as a renewable replacement for fossil-based materials
Best Process Innovation
Galaxy Surfactants - Green process for the manufacture of amino acid surfactants
Best Innovation by an SME - sponsored by ExxonMobil Chemical
Electrochem Technologies & Materials - Electrowinning iron from copperas: a zero-carbon iron-making process
John Baker, ICIS editor and organiser of the Awards, commented that: "This year's entries led to the creation of a strong short-list of entries. The judging discussion as ever was very robust but in the end Lehigh Technologies was a clear winner overall, although Stora Enso's lignin innovation also impressed the judges.
"As in previous years, the innovations before the judges showcased a wide range of excellent products and processes, with the potential to make important impacts in their respective markets and reduce environmental impacts. This year, the theme of sustainability and the circular economy was clearly evident across all the entries, and emerged very strongly in the shortlist of entries for final adjudication.
"All the winners demonstrate not only that innovation is well and truly alive in the chemical industry but that this innovation brings benefits not only to companies and their customers but the environment as well. And it helps the sustainability of the business of chemicals."
Full descriptions of all the winning entries, and interviews with the winners and sponsors, can be found at www.icis.com/awards
The winners can be contacted for more information at:
Electrochem Technologies & Materials
ICIS is the world's largest petrochemical market information provider, with divisions spanning energy and fertilizers. Our aim is to give companies in global commodities markets a competitive advantage by delivering valuable information and analytics tools which enable our customers to identify and react to opportunities in markets which are constantly evolving. We have more than 30 years' of experience in providing pricing intelligence and news, forecast data, market analytics and independent consulting to buyers, sellers and analysts.
With a global staff of more than 600, ICIS has employees based in London, Houston, New York, Singapore, Dubai, Shanghai, Guangzhou, Beijing, Mumbai, Tokyo, Karlsruhe, and Milan. ICIS' team of journalists is engaged in reporting market prices and news, and ICIS is fully committed to upholding the highest journalistic principles of verification, corroboration and authentication. ICIS has a compliance framework that along with its methodologies and business processes adheres to the requirements of the IOSCO PRA Principles.
ICIS is a division of Reed Business Information, part of RELX Group.
At BASF, we create chemistry for a sustainable future. We combine economic success with environmental protection and social responsibility. The more than 115,000 employees in the BASF Group work on contributing to the success of our customers in nearly all sectors and almost every country in the world.
Our portfolio is organised into five segments: Chemicals, Performance Products, Functional Materials & Solutions, Agricultural Solutions and Oil & Gas. BASF generated sales of €64.5bn in 2017. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA) and Zurich (BAS).
About Maroon Group
Maroon Group is one of the fastest growing specialty chemical and ingredient distributors in North America. Our operating verticals focus on end markets which include CASE, Plastics, Specialty Intermediates, CARE and HI&I. We leverage a common infrastructure of industry leading technology, value-add services, global sourcing & logistics network, and a commitment to Creating Customer Success®.
About ExxonMobil Chemical
ExxonMobil Chemical is one of the largest chemical companies in the world. Our unique portfolio of commodity and specialty businesses generates annual sales of more than 24 million tonnes of prime products. We have world-scale manufacturing facilities in all major regions, and our products serve as the building blocks for a wide variety of everyday consumer and industrial products.
For further information, contact:
Opportunity Identification Manager
New Product Platforms
ExxonMobil Chemical Company
Web site: www.exxonmobilchemical.com
Accenture is a leading global professional services company, providing a broad range of services and solutions in strategy, consulting, digital, technology and operations. Combining unmatched experience and specialised skills across more than 40 industries and all business functions - underpinned by the world's largest delivery network - Accenture works at the intersection of business and technology to help clients improve their performance and create sustainable value for their stakeholders. With 459,000 people serving clients in more than 120 countries, Accenture drives innovation to improve the way the world works and lives. Visit us at www.accenture.com.