"The REO catalyst provides developing markets with an affordable technology that can be used quickly and dramatically to reduce harmful emissions on in-use vehicles, as well as new vehicles," Schuetzle said. "The business benefits of this technology are twofold: First, it meets the needs of our customers who are demanding affordable products that improve the environment. Secondly, it is consistent with our mission to be a leader in environmental initiatives."
PBEC is Asia Pacific's oldest regional business organization and includes senior business leaders from 20 member economies throughout the Pacific Basin region dedicated to expanding trade and investment. PBEC's presentation of the award reflects growing public, corporate and media interest in new methods to balance conservation with economic development. As the world's most populous and fastest-growing area, the Asia Pacific region places tremendous demands on its unique ecosystems.
"Our Chairman Bill Ford has often been quoted saying that the distinction between a good company and a great one is that a good company delivers excellent products and services, while a great company delivers excellent products and services and strives to make the world a better place. We are honored to do what we can to make the world a better place," Schuetzle said.