SABIC, a global leader in diversified chemicals, has secured the 2023 R&D 100 Award, a prestigious global science and innovation accolade. The US-based R&D World magazine honored SABIC in the Mechanical/Materials category for its groundbreaking resin, which introduces a novel plastic-based design as an alternative to traditional metals.
The award highlights SABIC’s continuous investment in technology and innovation across various industries, demonstrating its commitment to developing and delivering innovative solutions for global customers. Additionally, Bob Maughon, SABIC Executive Vice President of Technology & Innovation, was recognized as the “R&D Sustainability Innovator of the Year” in the Professional Category by R&D World.
Abdulrahman Al-Fageeh, SABIC’s Chief Executive Officer, expressed pride in receiving this prestigious global award, emphasizing the company’s dedication to innovation and its ability to introduce new technologies that positively impact communities worldwide. He extended gratitude to SABIC’s stakeholders, including partners, customers, and employees, for their contributions to the company’s success in transforming creative ideas into pioneering solutions.
The award-winning LNP™ ELCRES™ resin is a polycarbonate-based copolymer resin designed for PV connector bodies, meeting stringent performance and regulatory requirements for emerging 1.5 Kv solar systems. This cost-effective specialty resin outperforms competing materials like glass-reinforced nylon, polyphenylene ether, and standard polycarbonate.
Established in 1963, the R&D 100 Award acknowledges the technological significance of new commercial products, technologies, and materials that are available for sale or license. Previous recipients of this esteemed award include Fortune 500 companies, federally funded research institutions, academic institutions, and government laboratories.