CRDC Announced as Winner of Henkel’s Global ‘Seal the Cycle’ Competition
Henkel Adhesive Technologies, a leading global supplier of adhesives, sealants and functional coatings, has announced CRDC Global as the winner of its ‘Seal the Cycle’ initiative. The international open innovation call was conducted in collaboration with Chile Global Ventures, the venture capital arm of Fundación Chile, and aimed to find technology solutions enabling the recycling or reusing of the millions of silicone cartridges for adhesives and sealants applications marketed around the globe annually.
Henkel and Chile Global Ventures selected six companies from a total of 27 submissions, following a four-months process, to present their solutions in a Pitch Day. Finally, a jury of senior executives from Henkel awarded CRDC the lead prize.
Accepting the award, CEO and Founder of CRDC Global, Donald Thomson, remarked: “We’re inspired by our mission to create value from the world’s plastic waste and by our commitment to regenerative design – where the output is greater than the sum of the inputs – which remains at the core of our mission. Winning ‘Seal the Cycle’ is a major step on our journey to contribute to the world’s transformation towards sustainable development. We want to thank Henkel and Chile Global Ventures for their leadership in this important area. Winning this award underscores the importance of working collaboratively with the private sector, governments, NGOs, and other startups to achieve better economic, environmental, and social outcomes for all.”
“We are very proud about the tremendous outcome of our unique international ‘Seal the Cycle’ challenge,” said Roberto Pavez, Regional Development Manager for Latin America at Henkel Adhesive Technologies. “First of all, we need to thank Chile Global Ventures for their great support. And secondly, we are impressed about the high level of innovation capabilities the participants have provided. It really has been difficult to nominate a winner among all proposals. We finally selected CRDC due to its unique combination of environmental and social benefits that increase the affordability of climate resilient housing especially in the developing world.”
“We first of all like to congratulate CRDC for winning our global initiative”, commented Albert Lipperheide, General Manager for Consumer Adhesives at Henkel in Chile. “Based on their outstanding problem-solving concept we look forward to partner for the adaption of their technology with the focus on eliminating plastic waste and creating a positive impact on the environment.”
“The ‘Seal the Cycle’ initiative has been a real challenge as we aim to create an impact at global scale,” added Marcos Kulka, CEO at Fundación Chile. “It was key for us to collaborate with Henkel as world-leading adhesives supplier to identify the best start-ups for the specific requirements in plastic recycling. This is another great proof point for the capabilities of ChileGlobal Ventures to tackle disruptive challenges through corporate venturing.”
Read the full text of Henkel’s global press release here : https://www.henkel.com/press-and-media/press-releases-and-kits/2022-03-18-henkel-named-crdc-as-winner-of-unique-seal-the-cycle-initiative-1633876