10th ICIS Innovation Awards now launched

Chemical companies

SHARE THIS STORY

NiTech.pngInnovation is the life-blood of the chemical industry. It is also a critical success factor as we transition to the New Normal. Many of today’s plants and processes are simply too old and too inefficient to remain competitive in a world of slow and volatile economic growth.

Yet making the case for investment in new technology is always difficult. So a key enabler can often be entry to a major innovation competition. The ICIS Innovation Awards, now in their 10th year, can thus prove an ideal springboard for future success.

The blog has personally seen this happen:

• As well as chairing International eChem, it is chairman of NiTech Solutions, now a fast growing spin-out company from Scotland’s Heriot Watt University
• In 2010, NiTech entered the ICIS Innovation Awards and won the SME category – its latest advanced reactor/crystalliser technology is pictured above
• The technology in its winning entry was installed by Genzyme (part of major pharma company, Sanofi) and has now run successfully for 5 years with minimum maintenance
• The Nitech plant replaced traditional processes which would have required 2 x 150m3 (40,000 US gallon) pressurised reactors

The blog can thus personally testify to the power of the endorsement provided by this success. NiTech is now making sales to a growing number of major chemical companies and research institutes around the world.

Winning can be equally important for large companies. Previous winners include many major names such as BASF, Dow, Teijin, ExxonMobil, Solvay, DSM, Clariant and Arkema.

If you are an SME moving onto the global stage, or an innovative business in a major company, the blog strongly recommends you consider entering this year. The entry process is simple, and there are full details are on a dedicated website, as well as a video.

But don’t delay – 3 July is the deadline.

PREVIOUS POST

US job growth remains slow as Boomers leave the workforce

13/06/2013

Last week’s US jobs report contained some good news, but not very much: ...

Learn more
NEXT POST

Pimco warns on "negative impacts" of central bank policiy

17/06/2013

A new report from Pimco, the world’s largest bond fund manager, makes it c...

Learn more
More posts
Day of reckoning approaches for US polyethylene expansions, and the European industry
08/09/2019

Planning for future demand in petrochemicals and polymers used to be relatively easy during the Baby...

Read
Stormy weather ahead for chemicals
24/03/2019

Four serious challenges are on the horizon for the global petrochemical industry as I describe in my...

Read
Ethane price hikes, China tariffs, hit US PE producers as global market weakens
23/09/2018

Sadly, my July forecast that US-China tariffs could lead to a global polyethylene price war seems to...

Read
US ethylene prices near all-time lows as over-capacity arrives
13/05/2018

US ethylene spot prices are tumbling as the major new shale gas expansions come on line, as the char...

Read
World Aromatics Conference focuses on key industry challenges
04/11/2017

Our 16th World Aromatics and Derivatives conference takes place on Wednesday/Thursday in Amsterdam. ...

Read
Hurricane Harvey will turbocharge move to the circular economy
25/09/2017

300,000 homes and half a million cars have been destroyed by Hurricane Harvey.  And in terms of bus...

Read
Plastics demand is peaking as circular economy arrives
24/07/2017

The Stone Age didn’t end because we ran out of stones.  Similarly, coal is being left in the ...

Read
Sinopec’s results confirm China’s focus on employment and self-sufficiency, not profit
01/06/2017

China’s strategies for oil, refining and petrochemical production are very different from thos...

Read

Market Intelligence

ICIS provides market intelligence that help businesses in the energy, petrochemical and fertilizer industries.

Learn more

Analytics

Across the globe, ICIS consultants provide detailed analysis and forecasting for the petrochemical, energy and fertilizer markets.

Learn more

Specialist Services

Find out more about how our specialist consulting services, events, conferences and training courses can help your teams.

Learn more

ICIS Insight

From our news service to our thought-leadership content, ICIS experts bring you the latest news and insight, when you need it.

Learn more