ADVANCED MATERIALS FOR THE CIRCULAR ECONOMY FROM SABIC SHOWCASED IN DAVOS DURING WEF
Riyadh, January 20, 2016
An elegant structure featuring prominently in Davos during the 2016 World Economic Forum is displaying how SABIC’s advanced materials enable the creation of energy and material-conserving structures that are easy to assemble, disassemble and reuse.
“This structure is a superb example of how SABIC’s cutting-edge technological materials and ingenious designs from a world-leading architect, such as William McDonough, can combine to push the boundaries of architecture and sustainable development,” said Yousef Al-Benyan, acting Vice-Chairman and CEO of SABIC.
The World Economic Forum is taking place in Davos, Switzerland, from January 20 to 23. The meeting is attended by 2500 of the world’s most influential business, political, scientific and social thought leaders.
The structure, called ICEhouseTM – where ICE stands for Innovation for the Circular Economy – was built using SABIC’s LEXANTM sheet and systems for the walls, ceiling, roofing and windows – all mounted to an aluminium frame. LEXANTM multi-wall sheets on the walls and ceiling are filled with an insulating nanogel for energy efficiency.
“This is a structure that can be rapidly constructed, disassembled and used time after time,” Al-Benyan added. “The combination flexibility and energy efficiency gives architects unique materials to design structures that are elegant and durable, and can used in many applications that benefit society. The LEXAN components are an example of what we in SABIC call ‘Chemistry that MattersTM’.”
ICEhouse was conceived, designed and built by William McDonough, author and sustainability pioneer, and his companies, William McDonough + Partners and WonderFrame LLC. ICEhouse, which was built with collaboration and support from SABIC, one of the world’s leading petrochemicals companies, will be part of the Hub Culture Pavilion, an area giving organizations and participants at Davos a space to convene and work.
The Circular Economy incorporates the Cradle to Cradle® design philosophy, developed by William McDonough, which incorporates the principles of material health, material reutilization, renewable energy, clean water and social fairness. The Circular Economy utilizes this approach to product design to break the typical take-make-dispose flow of material resources today, replacing it with designs that conserve materials and energy through products that are inherently recoverable, reusable and recyclable. The goal of the Circular Economy is economic growth that is not constrained by shrinking material availability and escalating cost.
William McDonough said: “By partnering with SABIC to build ICEhouse in Davos, we are showing the world how to use innovative materials and Cradle to Cradle design principles to address many of the critical social, economic and environmental needs of society and put the ‘re’ back in resources.”
NOTES TO EDITORS
• SABIC and brands marked with ™ are trademarks of SABIC or its subsidiaries or affiliates. ICEhouseTM is a trademark of McDonough Innovation, LLC. Cradle to Cradle® is a registered trademark of MBDC, LLC.
• SABIC may please be written in every instance in all uppercase.
SABIC is a global leader in diversified chemicals headquartered in Riyadh, Saudi Arabia. We manufacture on a global scale in the Americas, Europe, Middle East and Asia Pacific, making distinctly different kinds of products: Chemicals, Plastics, Agri-Nutrients, Metals, and Specialties.
We support our customers in identifying and developing opportunities in key end markets such as Construction, Medical Devices, Packaging, Agri-Nutrients, Electrical and Electronics, Transportation, and Clean Energy.
SABIC recorded a net profit of SR 23.3 billion (US$ 6.2 billion) in 2014. Sales revenues for 2014 totaled SR 188.1 billion (US$ 50.2 billion). Total assets stood at SR 340 billion (US$ 90.7 billion) at the end of 2014.
SABIC has more than 40,000 employees worldwide and operates in more than 50 countries. Fostering innovation and a spirit of ingenuity, we have filed more than 10,600 patents, and have significant research resources with innovation hubs in five key geographies – USA, Europe, Middle East, South East Asia and North East Asia.
The Saudi Arabian government owns 70 percent of SABIC shares with the remaining 30 percent publicly traded on the Saudi stock exchange.
At SABIC, we combine a rich track record of doing what others said couldn’t be done, with a deep understanding of our customers. But our true impact is as a partner who can help our customers achieve their ambitions by finding solutions to their challenges. We call this ‘Chemistry that Matters™’.
BUILDING THE FUTURE: THE ICEHOUSE™ USING SABIC’S LEXAN SHEET & SYSTEMS
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