Month: May 2024

Otis Worldwide Corporation recently awarded scholarships to 160 outstanding female students at top Chinese universities in collaboration with the China Soong Ching Ling Foundation (CSCLF), a non-governmental organization with a 40-year history of supporting women and youth.

Each scholarship recipient demonstrated exceptional academic performance in science, technology, engineering and mathematics (STEM) fields, and a passion for community impact. They represent eight universities across China, including Tianjin University, Shanghai Jiao Tong University and Wuhan’s Huazhong University of Science and Technology.

Otis has now helped more than 400 top-performing female university STEM students in China gain access to opportunities in innovation and technology through scholarships since 2021. These initiatives aim to inspire broader and more diverse talent to pursue STEM fields and join our industry, and are in line with our overarching Environmental, Social and Governance (ESG) efforts.

Sally Loh, President of Otis China, said: “Otis is committed to supporting STEM education to help build a diverse talent pipeline that we see as essential to driving execution of our business strategy. We are proud to partner with CSCLF to nurture the next generation of STEM innovators.”

Otis’ ESG goals include allocating 50% of its global donations to STEM programs by 2025 and impacting 15,000 students globally through STEM-focused learning by 2030. The partnership with CSCLF supports these commitments through its scholarship program, the Soong Ching Ling Children’s Invention Award Project and other initiatives that impact students at different points in the learning continuum.

Earlier this year, Otis provided educational robots to 10 primary and middle schools that excelled in the 18th CSCLF’s Invention Award. Through this initiative, Otis helps schools to further their science and technology education programs, deepening youths’ experience with artificial intelligence (AI) technology, providing hands-on learning experiences to enhance scientific literacy and practical skills, and inspiring outstanding young talent. 

About Otis

Otis gives people freedom to connect and thrive in a taller, faster, smarter world. The global leader in the manufacture, installation and servicing of elevators and escalators, we move 2.3 billion people a day and maintain approximately 2.3 million customer units worldwide – the industry’s largest Service portfolio. You’ll find us in the world’s most iconic structures, as well as residential and commercial buildings, transportation hubs and everywhere people are on the move. Headquartered in Connecticut, USA, Otis is 71,000 people strong, including 42,000 field professionals, all committed to meeting the diverse needs of our customers and passengers in more than 200 countries and territories.

BRIDGEWATER, N.J., May 1, 2024 /3BL/ – TECHNOMELT® SUPRA 100 LE and TECHNOMELT® SUPRA 106M LE formulas designed with biobased alternatives reduce the adhesives’ cradle-to-gate carbon footprint by 25%1 compared to the legacy products. This reduced footprint is enabled by a proprietary formulation of Kraton’s SYLVALITE™ 2200 biobased tackifiers developed with REvolution™ rosin ester technology and Dow’s AFFINITY™ GA polyolefin elastomers. The lower emission formulations maintain equivalent performance and food safe properties customers expect from the legacy designs.

“At Kraton, we understand the importance of sustainability in today’s adhesive and packaging markets,” said Minco van Breevoort, Kraton Pine Chemicals President. “Supplying Henkel with our REvolution™ technology and biobased tackifiers reflects our long-standing dedication to innovating solutions that satisfy customer needs and reduce environmental impact. We take pride in driving the transition towards sustainable adhesive and packaging solutions.”

Sustainable products often carry a premium price due to higher manufacturing costs and increased regulatory pressure for Scope 1, 2 and 3 greenhouse gas emissions reporting. By investing in lower carbon emission formulations, Henkel, Kraton and Dow are meeting consumer demand for sustainable packaging and making these solutions more attainable for consumer goods manufacturers. As a result of the combined investment, TECHNOMELT® SUPRA 100 LE and TECHNOMELT® SUPRA 106M LE will be available to existing customers at no additional cost2.

“Henkel has been leading the efforts on sustainable solutions which promote emission reduction, circularity and safety. Sustainability is not just our responsibility to future generations but integral to our long-term success as a company,” explains Ulla Hüppe, Head of Sustainability for Adhesive Technologies at Henkel. “By working with Kraton and Dow, we are able to offer lower emission solutions and establish new industry precedence.“

„We believe in the power of collaboration with like-minded companies who share Dow’s values and ambition. With Henkel and Kraton, we’re not just forging collaborations, we’re creating a sustainable ecosystem. We’re proud to be setting a precedent of working together with other industry leaders to drive change and bring value to customers,” said Haley Lowry, Global Director Sustainability, Dow.

Kraton’s REvolution™ is an innovative technology platform designed to deliver enhanced color performance and oxidative stability in biobased tackifiers such as Kraton’s SYLVALITE™ 2200. The technology provides a sustainable alternative to fossil-based products, enabling formulators to achieve a high biobased content and a low carbon footprint. Dow’s AFFINITY™ GA offers advanced performance for extreme temperatures in packaging. The TECHNOMELT® product portfolio includes other biobased formulations, as well as innovative low temperature hot melt adhesive formulations.

1 – Note: Carbon footprint calculation estimated cradle-to-gate from Henkel’s internal LCA assessment, excluding emissions in the use phase and end of life. Due to accounting for biogenic CO2 uptake and other net biogenic emissions in constituents of our adhesive, shown CO2 impact can be used only on product level, not on corporate level. Further details are required to derive resp. claims for customer-specific reporting.
2- NOTE: Cost fluctuations may arise as an effect of prevailing market conditions and the interplay of supply and demand factors to which may change the price.

About Kraton
Kraton Corporation is a leading global producer of specialty polymers and high-value performance products derived from renewable resources. Kraton’s polymers are used in a wide range of applications, including adhesives, coatings, consumer and personal care products, sealants, and lubricants, and medical, packaging, automotive, paving and roofing products. As the largest global provider in the pine chemicals industry, the company’s pine-based specialty products are sold into adhesive, road and construction and tire markets, and it produces and sells a broad range of performance chemicals into markets that include fuel additives, oilfield chemicals, coatings, metalworking fluids and lubricants, inks, and mining. Kraton offers its products to a diverse customer base in over 70 countries worldwide. More information at www.kraton.com
* Kraton, REvolution, and SYLVALITE the Kraton logo and design are all trademarks of Kraton Corporation, or its subsidiaries or affiliates, in one or more, but not all countries.

About Dow
Dow (NYSE: DOW) is one of the world’s leading materials science companies, serving customers in high-growth markets such as packaging, infrastructure, mobility and consumer applications. Our global breadth, asset integration and scale, focused innovation, leading business positions and commitment to sustainability enable us to achieve profitable growth and help deliver a sustainable future. We operate manufacturing sites in 31 countries and employ approximately 35,900 people. Dow delivered sales of approximately $45 billion in 2023. References to Dow or the Company mean Dow Inc. and its subsidiaries. Learn more about us and our ambition to be the most innovative, customer-centric, inclusive and sustainable materials science company in the world by visiting www.dow.com.