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September 2nd, 2007
Chemical company Rohm and Haas (NYSE: ROH) has provided an endowment to the American Chemical Society (ACS), supporting the Award for Affordable Green Chemistry. The company, which reported sales of $8.2 billion for 2006, announced in May it would dedicate $150 million — half of its R&D budget — for sustainability efforts, including new product development, energy efficiency and process improvements.
On the heels of the announcement, Rohm and Haas introduced a nanotechnology additive designed to increase the strength of clear cornbased plastics, as well as a formaldehyde-free binder for fiberglass insulation aimed at improving indoor air quality.
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