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Sales generated with products launched on the market in the past five years that stem from R&D activities increased in 2022 to around €12 billion.
December 4, 2023
By: DAVID SAVASTANO
Editor, Ink World Magazine
“Chemistry and sustainability are a perfect match – as BASF has recognized for a long time. As the world’s leading chemical company, we provide innovative solutions that make an important contribution to supporting the sustainable transformation of society and the optimal use of limited resources,” said Dr. Melanie Maas-Brunner, member of the Board of Executive Directors and chief technology officer of BASF, at the company’s Research Press Conference. Maas-Brunner and BASF’s technology experts highlighted current innovation projects as concrete examples of this contribution. BASF continuously develops new and even more sustainable products and technologies. “This is possible thanks to our unique innovation power, the success of which is evident in numerous indicators,” Maas-Brunner said. In recent years, the company has continuously increased its sales generated with products launched on the market in the past five years that stemmed from R&D activities; they rose to around €12 billion in 2022. This innovation power is also reflected in the more than 1,000 patent applications filed last year, making BASF a leader in the industry once again. “I am particularly happy that 40 percent of these patents are inventions with a particular focus on sustainability and a further 20 percent are related to digitalization,” said Maas-Brunner. Around 10,000 employees in research and development worldwide have contributed to these successes. “As chief technology officer, I am very proud of this highly qualified research and development team.” One current research project that Maas-Brunner discussed in detail was the development of materials that significantly enhance the efficiency of water electrolysis. Water electrolysis is used to produce CO2-free hydrogen that is essential for the transformation of the chemical industry.
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