The U.S. Environmental Protection Agency (EPA) gave a green chemistry award today to the Sherwin-Williams Company (NYSE: SHW) for an innovative new paint formulation that uses soybean oil and recycled plastic bottles (PET).
In manufacturing the new paint formula, Sherwin-Williams says it has used 320,000 pounds of soybean oil, 250,000 pounds of PET, and eliminated 1,000 barrels of oil.
Sherwin-Williams is recognized in the Designing Greener Chemicals category for Water-Based Acrylic Alkyd Technology.
Oil-based "alkyd" paints have high levels of volatile organic compounds (VOC) that can pollute the air as the paint dries. Their new product is a water-based acrylic alkyd paint, which cuts VOC content by 60%, says the company.
In fact, they estimates that in 2010 - the product's first year of use - it eliminated 800,000 pounds of VOCs.
The new formula is found in several products: ProClassic Waterbased Acrylic Alkyd, ProMar 200 Waterbased Acrylic Alkyd, and ProIndustrial Waterborne Enamel.
The Presidential Green Chemistry Challenge Awards recognize the design of safer and more sustainable chemicals, processes, and products that will protect the public, including sensitive populations, particularly children, from exposure to harmful chemicals.
An independent panel of technical experts convened by the American Chemical Society Green Chemistry Institute selected the 2011 winners from scores of nominated technologies.