LONDON (ICIS)--Boston, US-based Cabot Corporation is the overall winner of the ICIS Innovation Awards for 2013, for its development of silica-based aerogel particles for use in insulation products in buildings and construction, ICIS said on Monday.
The annual awards, supported by international management consultancy Roland Berger Management Consulting as lead sponsor, are designed to recognise and reward the best of innovation in the chemical industry.
The panel of six leading industry experts also awarded Cabot the prize for Innovation with Best Environmental Benefit. Other category winners were:
• Best Product Innovation - Solvay Aroma Performance
Govanil – pioneering the new reference of vanilla flavours
• Best Business Innovation - Archroma (formerly part of Clariant)
“One Way” sustainability service
• Best Innovation by an SME - Renmatix
Advances in sugar conversion technology: using supercritical hydrolysis to provide an economical bridge between upstream and downstream biochemicals
• Best Innovation for Sustainability - Virent
Converting plant sugars to PX for renewable, recyclable packaging and fibres.
“The Awards continue to highlight the best the chemical industry has to offer in the way of innovation and providing solutions to society’s needs,” said John Baker, the global editor at ICIS, who manages the ICIS Innovation Awards.
“This year saw a diverse range of innovations entered, from leading-edge biomaterials and processes to developments in more mature sectors – indicating that innovation is still relevant to all businesses whatever their stage of market development.
“As in previous years, many entries focused around reducing or avoiding adverse impacts on the environment and the public, and maintaining the sustainability of the industry. At the same time they will help customers solve their needs and drive bottom line growth for companies.”
Around 40% of the world’s energy is consumed in buildings. As a result, Cabot’s aerogel products for building and construction are poised to have a dramatic impact, improving energy efficiency, reducing carbon footprint and increasing cost savings.
The aerogels are lightweight, hydrophobic silica materials in particulate form, with each particle consisting of 90% air contained in a structure that prevents heat transfer.
Five specific Cabot aerogel products make up the current suite of materials for use in commercial and residential buildings and construction projects: plaster, boards, daylighting systems, tensile roofing, and coatings.
Category sponsors of the Awards are: chemical distributor US Chemicals (Innovation with Best Environmental Benefit), Italy’s Versalis (Best Innovation for Sustainability) and US distributor Nexeo Solutions (Best Business Innovation). As well as overall sponsorship, Roland Berger sponsors the Best Product Innovation category.
For more details of all the winners, go to www.icis.com/awards