Argex Titanium Inc., a producer of high-grade titanium dioxide (TiO2) used as white pigment in paint, plastic, paper, cosmetics and other applications, has won the ICIS 2014 Award for Best Innovation by a Small or Medium-Sized Enterprise (SME) in recognition of its novel method of producing titanium dioxide pigment.
With this award, the ICIS judging panel of leading industry experts identifies companies which have made significant st EPS forward in technological and business innovation, with tangible results emerging during 2013 and the early part of 2014.
Argex has developed an advanced chemical process for the volume production of titanium dioxide for use in paint, plastics, cosmetics and other applications. According to the company, this "unique technology turns relatively inexpensive and plentiful sourcematerial into high-grade TiO2 along with other valuable by--products; it also provides a substantial cost and environmental advantage over legacy TiO2 production methods."
“This prestigious award honors the hard work and dedication of our research and development teams,” said Roy Bonnell, president and CEO of Argex Titanium. “It validates the disruptive nature of our technology and affirms the strong progress we’ve made over the last year to bring this valuable product to market in collaboration with some of the largest players inthe industry.”
The ICIS awards address a total of five categories: Innovation with Best Environmental Benefit, Best Product Innovation, Best Innovation for Sustainability, Best Innovation by an SME, and Best Business Innovation. ICIS is one of the leading global providers of news and information for the chemical and energy sectors, and the awards are sponsored by Roland Berger Strategy Consultants and U.S. Chemicals.
“This year the ICIS Innovation Awards attracted a near-record number of entries, demonstrating the wide range of outstanding innovation across the chemical sector,” noted John Baker, ICIS editor and awards organizer. “Our winners reveal that not only is innovation alive and well in the chemical industry, but it can create amazing benefits for both consumers and the environment.”
