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  • VIENNA—The Global Chemical Leasing Award ceremony will showcase the world’s best practices, innovative solutions and research related to the chemical leasing business model. The event, scheduled for Nov. 6 in Vienna, is a valuable opportunity for companies, researchers, academics and creative individuals to receive recognition from the international community.

    The ceremony is intended to provide a platform for the exchange of knowledge on reducing the inefficient use and over-consumption of chemicals, and on developing strong business partnerships and innovation along the entire supply chain.

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    • Award Name: Global Chemical Leasing Award 2018
    • Event Date: Nov. 6, 2018
    • Location: Vienna, Austria
    • Prize:• $5,000, plus airline tickets for gold, silver and bronze winners
    • Application Closing Date: Aug. 15, 2018
    • Applyhere

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    Closing date for applications

    The deadline for applications is Aug. 15, 2018. Full information may be found at chemicalleasing.org. Questions about the award and the application process may be addressed to ChemicalLeasing(at) unido (dot) org.

    Still wondering if you should apply? Discover the benefits of applying for the Global Chemical Leasing Award.

    Who can apply?

    Organizations, companies, research institutions and individuals are encouraged to apply. There are three nomination categories, as follows.

    Are you unsure if your company applies Chemical Leasing?

    Chemical leasing, a functional-based business model, is applied in many companies worldwide, but sometimes under different names. Ecolab, an international supplier of chemicals, calls it a flat-fee agreement or active-based price model. It might be worth checking the definition of chemical leasing to find out if your business case meets that definition. What really matters is how the business is done and not the name that is used.

    What is unique about chemical leasing?

    Chemical leasing is an innovative business model targeting chemical operations and it is often referred as a “circular-economy business model.” Chemical leasing aims at a more efficient use of chemicals in the production process by redefining the business relationship between the chemical user and the supplier. In the chemical leasing model, the supplier does not sell quantities. The supplier sells the function of the chemical. The model aligns the interests and motivations of partners, and helps achieve a win-win situation for them and the environment. The lifecycle of the chemicals is prolonged, waste is minimized and resources are used efficiently. This contributes to the achievement of circular-economy goals.

    Read this article or visit https://chemicalleasing.org/ to learn more.