Industry News

Start-ups Recognized for Using Sustainable Feedstock in the Chemical Industry

Published on 2018-06-29. Author : SpecialChem

TAGS:  Environmentally Friendly Coatings    

Five young companies from Australia, the USA, Great Britain, Latvia and Germany are the “Resource Innovators 2018” of the chemical industry. The start-ups were honored at the Raw Materials Summit in Berlin for ideas on the use of sustainable sources such as plants and CO2 instead of oil.

Honoring Start-ups at the Raw Materials Summit

Start up Winner
The winner of the Resource Innovator Award 2018 is Sophia Hamblin Wang,
COO of the Australian company Mineral Carbonation International.
The summit was held under the auspices of the German Federal Ministry of Education and Research and called for chemistry to be made more sustainable and climate-friendly. The event at the Technical University of Berlin (TU Berlin) thus set a signal for more cooperation with start-ups in the chemical industry. The aim is to promote the use of non-fossil raw materials.

The five start-ups competed against each other in an ideas competition and presented their projects to the 200 guests of the second Summit organized by TU Berlin, DECHEMA Gesellschaft für Chemische Technik und Biotechnologie and material manufacturer Covestro.

Winning Start-up Comes from Australia

The top three winners received prize money donated by Covestro First place went to the Australian company Mineral Carbonation International and Dr. Markus Steilemann, CEO of Covestro, handed over a check for 5,000 euros. The young company takes carbon dioxide from waste gases as an alternative feedstock and transforms it together with minerals into building materials and other valuable industrial products.

The five-member jury also included DECHEMA CEO Professor Kurt Wagemann and Professor Reinhard Schomäcker from the Institute of Chemistry at the TU Berlin. Other members of the jury were Erika Bellmann, Policy Advisor WWF Germany, and Professor Dieter Jahn, Advisory Board member of High-Tech Gründerfonds.

Second Place for PolyLabs

The jury voted PolyLabs from Latvia for second place, endowed with 3,000 euros. The start-up company produces bio polyol, a component for the insulation foam industry, from renewable material such as rapseed and waste wood oils. Nano-Join, based in Berlin, came third (1,000 euros). The Start-up produces and sells innovative silver sinter material solutions for electronical high-performance parts in batteries.

Companies Battery Nano Technologies and Mayasil, both from Great Britain and the United States, followed in fourth and fifth place. Dozens of international start-ups had applied to take part in the ideas competition. The organizers selected the five finalists from among them.

In addition to the start-up competition, lectures and a panel discussion were the focal points of the Raw Materials Summit. The lecturers underlined that there are already numerous promising approaches to producing chemical products largely without petroleum. Germany could expand its pioneering role. Now the cooperation of many protagonists and their projects must be intensified.

Source: Covestro
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