PR Newswire
CLAYTON, Mo., Feb. 8, 2024
CLAYTON, Mo., Feb. 8, 2024 /PRNewswire/ -- Olin Corporation (NYSE: OLN), a leading global Epoxy customer solution provider, has been named co-winner of the 2024 Global Innovation Award by JEC Composites (Journées Europèennes des Composites) in the Renewable Energies category as part of the Circular Economy for Thermoset Epoxy Composites (CETEC) project. Olin partnered with Vestas Wind Systems A/S (Denmark), Aarhus University (Denmark), Danish Technological Institute (Denmark), and Stena Recycling (Denmark and Sweden) on this project.
"We are honored to receive the 2024 Innovation Award from JEC Composites for this novel sustainability solution which enables the recycling of materials from wind blades," remarked Verghese Thomas, Vice President, Epoxy Systems and Chief Sustainability Officer at Olin. "We value and appreciate the validation this innovation has received not only from JEC, but from the industry and our customers around the world."
Our awarded solution employs a novel chemical process which breaks down epoxy resin into virgin-grade materials, establishing a circular economy for wind blades, ensuring today's blades serve as raw materials for future blades. Olin will now focus on scaling up this proprietary chemical process into a commercial solution. Once mature, this innovation offers the potential to make all epoxy-based composite material a source of raw material for a broader circular economy, encompassing industries beyond wind energy.
Olin, as the global expert on Epoxy within CETEC, is proud to be the only manufacturer of epoxy resin to achieve this unprecedented proprietary innovation. Olin's many years of expertise in the production and development of epoxy technologies is key to the overall success of this innovation. Our integration into upstream raw materials makes us the ideal partner to take this solution to scale. We are excited about the sustainability impact and business value this technology offers and look forward to bringing this innovation to market in a few years.
The CETEC project was established as a cooperation between industry and academia and completely funded by the partners and Innovation Fund Denmark.
The JEC World Global Innovation Award is a highly prestigious award in the composites industry that recognizes the world's most innovative composites projects and the most fruitful collaborations between the various players in the value chain. Every year, the JEC Innovation Awards recognize innovative, collaborative, and impactful projects that demonstrate the full potential of composite materials.
OLIN COMPANY DESCRIPTION
Olin Corporation is a leading vertically integrated global manufacturer and distributor of chemical products and a leading U.S. manufacturer of ammunition. The chemical products produced include chlorine and caustic soda, vinyls, epoxies, chlorinated organics, bleach, hydrogen, and hydrochloric acid. Winchester's principal manufacturing facilities produce and distribute sporting ammunition, law enforcement ammunition, reloading components, small caliber military ammunition and components, industrial cartridges, and clay targets.
Visit www.olin.com for more information on Olin.
FORWARD-LOOKING STATEMENTS
This communication includes forward-looking statements. These statements relate to analyses and other information that are based on management's beliefs, certain assumptions made by management, forecasts of future results, and current expectations, estimates and projections about the markets and economy in which we and our various segments operate. The statements contained in this communication that are not statements of historical fact may include forward-looking statements that involve a number of risks and uncertainties.
We have used the words "anticipate," "intend," "may," "expect," "believe," "should," "plan," "outlook," "project," "estimate," "forecast," "optimistic," "target," and variations of such words and similar expressions in this communication to identify such forward-looking statements. These forward-looking statements include, but are not limited to, statements regarding the Company's intent to repurchase, from time to time, the Company's common stock. These statements are not guarantees of future performance and involve certain risks, uncertainties, and assumptions, which are difficult to predict and many of which are beyond our control. Therefore, actual outcomes and results may differ materially from those matters expressed or implied in such forward-looking statements. We undertake no obligation to update publicly any forward-looking statements, whether as a result of future events, new information or otherwise. The payment of cash dividends is subject to the discretion of our board of directors and will be determined in light of then-current conditions, including our earnings, our operations, our financial conditions, our capital requirements and other factors deemed relevant by our board of directors. In the future, our board of directors may change our dividend policy, including the frequency or amount of any dividend, in light of then-existing conditions.
The risks, uncertainties and assumptions involved in our forward-looking statements, many of which are discussed in more detail in our filings with the SEC, including without limitation the "Risk Factors" section of our Annual Report on Form 10-K for the year ended December 31, 2022, and our Quarterly Reports on Form 10-Q and other reports furnished or filed with the SEC, include, but are not limited to, the following:
Business, Industry and Operational Risks
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All of our forward-looking statements should be considered in light of these factors. In addition, other risks and uncertainties not presently known to us or that we consider immaterial could affect the accuracy of our forward-looking statements.
2024 - 02
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SOURCE Olin Corporation
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