Here are some innovations in research and development by global chemical industry companies:
1. BASF:
- BASF has made extensive investments in research areas such as digital tools, polymer technologies, catalyst processes, and biotechnological methods.
- They are developing innovative coating technologies and materials for creating innovative surfaces and functionalities. For example, functional films can reduce friction on surfaces or enhance UV protection and weather resistance.
- As part of its Carbon Management RD program, BASF is focusing on the energy-intensive starting points in the value chain to offer customers more carbon-footprint reduced products in the future.
- In 2023, BASF filed 1,046 new patents worldwide, 42.2% of which were focused on innovations for sustainability.
2. LG Chem:
- LG Chem's CTO RD Center leads the development of next-generation materials and technologies, with each division having its own research center for basic research and product development.
- Their RD organization continuously strengthens foundational technologies such as material design/synthesis, process, simulation, and analysis/evaluation to enhance the competitiveness of existing businesses and cultivate new business opportunities like eco-friendly and low-carbon materials, energy materials, and high-performance new materials.
- LG Chem is conducting RD in areas such as rechargeable batteries, electronic materials, automotive engineering plastics, and sustainable materials (like recycled plastics and bio-based materials).
3. LyondellBasell Industries:
- LyondellBasell has launched +LC (Low Carbon) solutions, a new range of intermediates and derivatives chemicals produced using International Sustainability and Carbon Certification (ISCC) PLUS certified mass balance production methods.
- These +LC solutions are made from 100% recycled and renewable feedstocks, aiming to support companies in achieving their greenhouse gas reduction targets while offering a lower carbon footprint than fossil fuel alternatives.
4. SABIC:
- SABIC has made two process innovations in polymers and chemical processes, including Dry Catalyst Feeder technology and Integrated Multizone Technology, to reduce costs and improve reliability.
- SABIC has also begun constructing the world's first demonstration electric heater steam cracker in collaboration with BASF and Linde, which can reduce CO2 emissions from ethylene production by about 90% by using electricity from renewable resources instead of burning fossil fuels.
These chemical industry companies are driving the development of the chemical industry through innovations in material science, chemical engineering, environmental technologies, and more.
