Many companies within the chemical space have pledged to reduce their Scope 1 and Scope 2 emissions; now, they are looking to tackle the more daunting Scope 3 emissions.
The funds will go towards turning forest industry sidestreams into bio-alternatives, replacing fossil-based ingredients in the chemical and cosmetics industries.
Cocoa pod husks, a waste product of chocolate manufacturing, contain lignin, a polymer that could be a renewable replacement for substances typically derived from petroleum.
The prize, awarded by the French Académie des sciences and financed by Arkema, rewards innovative chemistry research that offers solutions for responsible and sustainable development.
The Independent Commodity Intelligence Services recognized Arkema and its partnership with ON for the development of a running shoe that is designed to by fully recyclable.