MONTREAL, Quebec – Argex Titanium Inc., an emerging producer of high-grade titanium dioxide (TiO2) used in paint, plastic, paper, cosmetics and other applications, has won the ICIS 2014 Award for Best Innovation by Small or Medium-Sized Enterprise (SME) in recognition of its novel method of producing TiO2 pigment.

With this award, the ICIS judging panel of industry experts identifies companies that have made significant steps forward in technological and business innovation, with tangible results emerging during 2013 and the early part of 2014.

Argex has developed an advanced chemical process for the volume production of TiO2. The company’s unique technology turns relatively inexpensive and plentiful source material into high?grade TiO2 along with other valuable byproducts. The Argex process provides a cost and environmental advantage over legacy TiO2 production methods.