IQ-CHem contest to help petrochemical start-ups take off

Petrochemical start-ups can apply until March 1, next year for the IQ-CHem contest -- a global platform created by world's leading companies in the field to identify promising innovations -- to win an opportunity to cooperate with global chemical leaders and implement their ideas, organisers said.

"Thanks to the participation of international partners, IQ-CHem is now the largest global project within the industry which attracts innovative solutions and provides for their implementation into practice," said Vasily Nomokonov, Executive Director of SIBUR, a Russian gas processing and petrochemicals company, in a statement.

Besides SIBUR, IQ-CHem contest is supported by some of the world's leading companies in the field of gas processing, petrochemicals and chemicals like The Dow Chemical Company, DuPont, Solvay, 3M, AkzoNobel, BASF, LG Chem, Henkel, Linde, Skolkovo, Technip and Honeywell UOP.

The contest is open for the projects focused on innovations in gas processing and transportation, production and application of plastics, elastomers, basic monomers and specialty chemicals, and cutting-edge equipment and technological solutions for boosting the operational efficiency of chemical and technical processes.

The winners of the contest will be announced on June 5, 2017 at Startup Village 2017, a major start-up conference in Moscow. The total prize fund amounts to $55,000.

--IANS

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