What's Happening?
Hexion, a Columbus, Ohio-based chemical manufacturer, is modernizing its operations by integrating advanced manufacturing, sustainability, and artificial intelligence (AI) into its business strategy. CEO
Michael Lefenfeld emphasizes the convergence of science, data, and entrepreneurial thinking as key to transforming the company. Hexion's recent acquisition of Smartech has enabled the development of smart manufacturing platforms that incorporate AI and machine learning, enhancing production efficiency and consistency. The company is also committed to sustainability, focusing on reducing emissions and advancing bio-based chemistries. AI is utilized to optimize energy consumption and predict equipment maintenance, accelerating innovation and reducing waste.
Why It's Important?
Hexion's approach to integrating AI and sustainability into chemical manufacturing represents a significant shift in the industry, potentially setting a new standard for how companies can operate more efficiently and responsibly. By reducing environmental impact and improving operational efficiency, Hexion not only meets evolving customer demands but also positions itself as a leader in sustainable manufacturing. This strategy could influence other companies in the sector to adopt similar practices, promoting broader industry-wide changes towards sustainability and technological advancement. The company's focus on innovation and adaptability ensures its competitiveness in a rapidly changing market.
What's Next?
Hexion plans to continue expanding its use of digital tools and AI across its operations, aiming to enhance manufacturing, logistics, and customer solutions. The company is also focusing on scaling its cellulosic platform, which involves using renewable, wood-derived chemistries to produce high-performance materials with fewer environmental trade-offs. By deepening partnerships with startups, universities, and global leaders, Hexion seeks to accelerate innovation and expand its influence in the industry. This forward-looking strategy aims to position Hexion as a key player in the next generation of industrial materials technology.
