Cytec Wins EPA Presidential Green Chemistry Award
(Thomson Reuters ONE) -
Cytec Wins EPA Presidential Green Chemistry Award
Woodland Park, New Jersey, June 18, 2012 - Today, Cytec Industries Inc.
(NYSE:CYT) was awarded the top honor in green chemistry, the Presidential Green
Chemistry Challenge Award. The award, created by the Environmental Protection
Agency (EPA), recognizes companies that have pioneered sustainable technologies
that incorporate the principles of green chemistry. Cytec's MAX HT(®) scale
control technology enables greener conditions within the Bayer process, a
process used for converting bauxite ore to alumina, the primary raw material for
aluminum. The innovation reduces pollution at the source in addition to
reducing energy use and waste generation. "Cytec has been a pioneer in
developing innovative solutions for the mining industry while maintaining a
focus on sustainable technologies. We are honored to receive such a prestigious
award from the EPA," said Shane Fleming, Cytec's Chairman, President, and CEO.
Today's green chemistry award recognizes one of the many technology innovations
Cytec has achieved within its In Process Separation business segment. MAX
HT(®) Bayer Sodalite Scale Inhibitor is the first scale inhibitor product in the
market for this application and solves a legacy production challenge within the
alumina industry. This technology provides benefits by reducing or eliminating
the scale formation in heat exchangers resulting in higher heat transfer rates
while reducing energy consumption and waste generation. "The realized energy
saving for the combined customers currently utilizing our MAX HT technology is
approximately 47 trillion Btu, which is the equivalent of up to 8 billion pounds
of carbon dioxide (CO(2)) not released to the atmosphere," said Martin Court,
Cytec's Vice President, In Process Separation business. Martin added, "Fewer
cleaning cycles also result in a realized annual hazardous waste reduction of up
to 200 million pounds in total for all of the current operations using this
product."
Cytec's sustainability strategy is focused on developing innovative and
environmentally sustainable products that compete in a global economy; achieving
the highest standards of safety, health and environmental stewardship and
operational excellence. The company uses business-specific market drivers and
best practices to drive the sustainability efforts.
Corporate Profile
Cytec's vision is to deliver specialty chemical and material technologies beyond
our customers' imagination. Our focus on innovation, advanced technology and
application expertise enables us to develop, manufacture and sell products that
change the way our customers do business. Our pioneering products perform
specific and important functions for our customers, enabling them to offer
innovative solutions to the industries that they serve. Our products serve a
diverse range of end markets including aerospace composites, structural
adhesives, automotive and industrial coatings, electronics, inks, mining and
plastics.
Contact:
Jodi Allen
Communications
and Investor Relations
(973) 357-3283
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Source: Cytec Industries Inc via Thomson Reuters ONE
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Unternehmensinformation / Kurzprofil:
Datum: 18.06.2012 - 22:03 Uhr
Sprache: Deutsch
News-ID 157571
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contact information:
Town:
New Jersey - NJ
Kategorie:
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