BOSTON – Specialty chemicals and performance materials company Cabot Corp., Boston, has been designated the winner of Best Overall Innovation and Innovation with Best Environmental Benefit at the 10th annual ICIS Innovation Awards 2013. Cabot was recognized for its Cabot aerogel technology used in eco-friendly building and construction.

The ICIS judging panel recognized Cabot’s use of open innovation and extensive collaborations to bring to market a technology that is poised to have a dramatic impact on improving energy efficiency, reducing carbon footprints and reducing building energy costs in buildings around the world. Cabot’s aerogel technology is currently being used in a range of commercial and residential building and construction products including plasters, boards, daylighting systems, tensile roofing and coatings. These aerogel-containing products are key enablers in meeting even the most stringent regional and industry building energy standards and codes.

“We are honored to win this prestigious award as it recognizes the benefits of our aerogel technology, including effective insulation for considerable reduction in heating and cooling loads, and cost savings during construction and operation. It also rewards the hard work of our research and development team,” said Raj Chary, Vice President and General Manager, Cabot Aerogel.

Created in 2004, the ICIS Innovation Awards are designed to recognize companies that have made significant steps forward in technological and business innovation, with tangible results. The awards cover five categories: Innovation with Best Environmental Benefit, Best Product Innovation, Best Innovation for Sustainability, Best Innovation by an SME and Best Business Innovation. ICIS magazine is a global provider of news and information for the chemical and energy sectors.