Hexion Earns 2022 ENERGY STAR® Partner of the Year Award

Company Recognized for Comprehensive Energy Management Program

COLUMBUS, Ohio--(BUSINESS WIRE)--Hexion Inc., a global leader in adhesives and performance materials, announced that, for the second year in a row, it has received the ENERGY STAR® Partner of the Year award, one of the highest honors bestowed by the United States Environmental Protection Agency’s ENERGY STAR program.

Hexion was recognized for numerous successes in waste reduction and energy efficiency in 2021, including reducing global energy intensity by approximately 10 percent since 2020 and by 23 percent since 2014. With cumulative cost reductions of nearly $16 million over the last 7 years, the company completed 35 projects with $1.2 million in annual energy cost savings in 2021 alone.

Each year, the ENERGY STAR program honors a group of businesses and organizations that have made outstanding contributions to protecting the environment through superior energy achievements. ENERGY STAR Award Winners lead their industries in the production, sale, and adoption of energy-efficient products, homes, buildings, services and strategies. These efforts are essential to fighting the climate crisis and protecting public health.

“This recognition underscores our commitment to doing our part to address the significant global challenges of climate change and resource scarcity,” said Craig Rogerson, Chairman, President and Chief Executive Officer. “We expect to continue to make significant progress in waste reduction, energy efficiency and other key sustainability metrics in 2022 and going forward.”

This announcement follows several actions Hexion made to further its strategic sustainability practices in 2021, including the company’s commitment to reducing absolute carbon emissions by 20 percent by 2030.

Winners are selected from a network of thousands of ENERGY STAR partners. For a complete list of 2022 winners and more information about ENERGY STAR’s awards program, visit energystar.gov/awardwinners.

About Hexion Inc.

Based in Columbus, Ohio, Hexion Inc. is a global leader in thermoset resins. Hexion Inc. serves the global adhesive, coatings, and industrial markets through a broad range of thermoset technologies, specialty products and technical support for customers in a diverse range of applications and industries. Additional information about Hexion Inc. and its products is available at www.hexion.com.

About ENERGY STAR

ENERGY STAR^® is the government-backed symbol for energy efficiency, providing simple, credible, and unbiased information that consumers and businesses rely on to make well-informed decisions. Thousands of industrial, commercial, utility, state, and local organizations—including more than 40 percent of the Fortune 500®—rely on their partnership with the U.S. Environmental Protection Agency (EPA) to deliver cost-saving energy efficiency solutions. Since 1992, ENERGY STAR and its partners helped American families and businesses avoid more than $500 billion in energy costs and achieve more than 4 billion metric tons of greenhouse gas reductions. More background information about ENERGY STAR’s impacts can be found at www.energystar.gov/impacts and state-level information can be found at www.energystar.gov/statefacts.