An East London Industrial Development Zone SOC Ltd (ELIDZ) based investor, Clariter, has been nominated as one of the finalists in the 2020 S&P Global Platts Global Energy Awards – “Award of Excellence – Downstream” category.

Clariter has been selected as a finalist in the 22nd annual S&P Global Platts Global Energy Awards, an annual affair recognizing exemplary contributions by both companies and individuals in the energy industry. The 2020 finalists, chosen from some 300 nominated entries from more than 36 countries were announced by programme host S&P Global Platts, the leading global provider of energy and commodities information and spot market benchmarks. Established in 1999 and often described as “the Oscars of the energy industry”, the S&P Global Platts Global Energy Awards highlight corporate and individual innovation, leadership and superior performance in 21 categories spanning the entire energy complex.

On the event of their nomination, Clariter Chief Operations Officer, Petra Koselka, said: “We are proud to be nominated, and it is an honour to be amongst such a prestigious group of industry leaders. We hold the firm belief that Clariter heralds the future of green petrochemical manufacturing and would like to thank S&P Global Platts for highlighting the next generation of Downstream players.”

Congratulating the 2020 Award of Excellence – Downstream finalist, ELIDZ Chief Executive Officer (CEO), Simphiwe Kondlo stated that the nomination is proof that Clariter is making meaningful strides in addressing the plastic waste crisis that is plaguing the world. “Supported by their disruptive technology, the company has found innovative ways of ensuring that plastic waste is recycled and refined for further use through an array of products such as cosmetics and wax applications.”

Furthermore, Kondlo added that Clariter’s role in the ELIDZ is more than that of just being an investor, this as both companies will  partner to create an SMME cluster, which will be  made up of a group of Small, Medium and Micro Enterprises that work with the multinational corporation in the Buffalo City Metropolitan Municipality region.

“The cluster is in two-fold, there is a group of emerging and medium-sized recycling companies that will enter into contractual agreements with Clariter for the sole purpose of collecting plastic waste for the company. The other group of companies will brand and sell the by-products which are pure industrial products such as oils, waxes, and solvents. These will then be used as drop-in ingredients in more than 1,000 different end-products, paints and coatings, leather and wood care products and even in cosmetics, replacing crude oil derived alternatives,” added Kondlo.

The winners of the 2020 Platts Global Energy Awards will be announced at a virtual celebration to be held on 10 December 2020.

Winning the award would add a feather in an already illustrated cap for Clariter, because they have been widely recognised in the industry for their contribution in ending plastic waste in the environment and reducing the demand for fossil fuels.