Nanotechnology Now







Heifer International

Wikipedia Affiliate Button


DHgate

Home > Press > BASF keeps R&D spending at high level

Abstract:
* Long-term research strategy creates foundation for profitable growth
* International research Verbund with numerous cooperations secures competitive advantage
* CaRLa Catalysis Laboratory at Heidelberg University to continue successful work over the next five years

BASF keeps R&D spending at high level

Germany | Posted on February 3rd, 2010

In 2010, BASF again intends to maintain its research budget at the previous years' high level, with an overall target of €1.38 billion. This was confirmed by Dr. Andreas Kreimeyer, Member of the Board of Executive Directors and Research Executive Director, at the company's Research Press Conference today, January 28, 2010, in Ludwigshafen. For the previous year 2009, BASF's research allocations reached almost €1.4 billion, slightly above the level of the previous year 2008 (€1.35 billion).

"Only with a continuous flow of innovations can we consistently use competitive advantages to achieve above-market organic growth. Continuity of research strategy is important both in good times and also in times of crisis," said Kreimeyer explaining BASF's long-term commitment. The company's R&D strategy aims to enhance the existing portfolio, develop customer-specific system solutions and deliver solutions to the challenges of the future arising from global megatrends, he continued. The complex issues to be addressed include supplying a growing world population with water, food, energy or mobility. Reflecting these technology and chemistry-relevant global trends, BASF has defined five Growth Clusters for strategic corporate research: Plant Biotechnology, White (Industrial) Biotechnology, Nanotechnology, Energy Management and Raw Material Change.

"The main drivers in achieving our ambitious research goals are our currently around 9,300 employees in Research and Development who are dedicated to transforming a pipeline brimming with about 3,300 projects into new business," emphasized Kreimeyer. It will also be necessary to respond to the paradigm shift currently underway in chemistry, whereby success will no longer be determined merely by new molecules but by new effects, new systems and system solutions, new components and functional materials. "We can only successfully tackle these complex problems through international and interdisciplinary cooperations," he explained.

Business and science cooperating for success

The importance of international knowledge networks in tackling the challenges of the future was demonstrated by presenting three of BASF's particularly successful research cooperations during the second part of the press conference. These were the Joint Innovation Lab at Ludwigshafen site which is pushing forward organic electronics, the research initiative at Harvard University in the USA devoted to preventing biofilms, and the Catalysis Research Laboratory (CaRLa) at Heidelberg University.

The joint laboratory of BASF and Heidelberg University has become a prime research location attracting catalysis researchers from around the world. Following a successful evaluation, the run time and funding of the Catalysis Research Laboratory, CaRLa for short, was extended by another five years at the beginning of the year by BASF, Heidelberg University and the State of Baden-Württemberg. At this center, corporate researchers and the university are jointly addressing basic and industrial research topics in the field of homogeneous catalysis.

Since its launch three years ago, CaRLa has become a groundbreaking pilot project for the networking of business and science. Under the motto "Industry on Campus", the laboratory gives the company additional impulses with new ideas from the academic environment of catalysis research. During the initial sponsorship period, the main emphasis was placed on projects for screening for new catalysts, including the development and improvement of catalysts for controlled hydrogenation of enones and for olefin metathesis. With the first joint patent applications and publications, the goals of accessing new raw materials and establishing even more efficient catalysts in production are coming closer to fulfillment.

####

About BASF
BASF is the world’s leading chemical company: The Chemical Company. Its portfolio ranges from chemicals, plastics and performance products to agricultural products, fine chemicals as well as oil and gas. As a reliable partner BASF helps its customers in virtually all industries to be more successful. With its high-value products and intelligent solutions, BASF plays an important role in finding answers to global challenges such as climate protection, energy efficiency, nutrition and mobility. BASF posted sales of more than €62 billion in 2008 and had approximately 97,000 employees as of the end of the year. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA) and Zurich (AN).

For more information, please click here

Contacts:
Christian Böhme
Phone: +49 621 60-20130
Fax: +49 621 60-92693

Copyright © BASF

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

News and information

New method allows for greater variation in band gap tunability: The method can change a material's electronic band gap by up to 200 percent January 31st, 2015

Evidence mounts for quantum criticality theory: Findings bolster theory that quantum fluctuations drive strange electronic phenomena January 30th, 2015

Everything You Need To Know About Nanopesticides January 30th, 2015

DNA nanoswitches reveal how life's molecules connect: An accessible new way to study molecular interactions could lower cost and time associated with discovering new drugs January 30th, 2015

Chemistry

Creating new materials with quantum effects for electronics January 29th, 2015

Anti-microbial coatings with a long-term effect for surfaces – presentation at nano tech 2015 in Japan January 21st, 2015

Hydrogels deliver on blood-vessel growth: Rice researchers introduce improved injectable scaffold to promote healing January 20th, 2015

Graphene enables all-electrical control of energy flow from light emitters: First signatures of graphene plasmons at telecommunications wavelength revealed January 20th, 2015

Academic/Education

Rice's Naomi Halas to direct Smalley Institute: Optics pioneer will lead Rice's multidisciplinary science institute January 15th, 2015

SUNY Board Appoints Dr. Alain Kaloyeros as Founding President of SUNY Polytechnic Institute January 13th, 2015

CNSE's Smart System Technology & Commercialization Center Successfully Recertifies as ISO 9001:2008 January 12th, 2015

SUNY Poly Now Accepting Applications to the Colleges of Nanoscale Science and Engineering for Fall 2015: Full Scholarships Available to Incoming CNSE Students January 7th, 2015

Investments/IPO's/Splits

Malaysian Nanotechnology Company Nanopac Innovation Ltd. lists on the NSX January 19th, 2015

Aspen Aerogels, Inc. to Present at the Needham Growth Conference January 8th, 2015

Blend Therapeutics Secures $21 Million Financing and Unveils Novel Pentarin™ Platform for Cancer Therapeutics: Company’s Technology and Expertise in Cancer R&D Evolve to Create New Class of Miniaturized Biologic Drug Conjugates (mBDCs) Encapsulated in Nanoparticles January 8th, 2015

Nanometrics to Announce Fourth Quarter and Full Year Financial Results on February 2, 2015 January 7th, 2015

Announcements

New method allows for greater variation in band gap tunability: The method can change a material's electronic band gap by up to 200 percent January 31st, 2015

Evidence mounts for quantum criticality theory: Findings bolster theory that quantum fluctuations drive strange electronic phenomena January 30th, 2015

Everything You Need To Know About Nanopesticides January 30th, 2015

DNA nanoswitches reveal how life's molecules connect: An accessible new way to study molecular interactions could lower cost and time associated with discovering new drugs January 30th, 2015

Patents/IP/Tech Transfer/Licensing

Industrial Nanotech, Inc. Announces New OEM Customer January 27th, 2015

Carbon nanotube finding could lead to flexible electronics with longer battery life January 14th, 2015

Liquipel Receives US Patent on Environmentally Friendly, Watersafe Treatment of Electronics: U.S. Patent Office Finds Watersafe™ Treatment Covers Cell Phones, Smart Phones, Tablets, Computers and More January 5th, 2015

New non-invasive method can detect Alzheimer's disease early: MRI probe technology shows brain toxins in living animals for first time December 22nd, 2014

Alliances/Partnerships/Distributorships

The Original Frameless Shower Doors Installs DFI's FuseCube™ to Offer Hydrophobic Protective Coating as a Standard Feature: First DFI FuseCube™ Installed on the East Coast to Enable Key Differentiator for the Original Frameless Shower Doors January 29th, 2015

Entanglement on a chip: Breakthrough promises secure communications and faster computers January 27th, 2015

Smart keyboard cleans and powers itself -- and can tell who you are January 21st, 2015

DNA 'glue' could someday be used to build tissues, organs January 14th, 2015

NanoNews-Digest
The latest news from around the world, FREE



  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More










ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project







© Copyright 1999-2015 7th Wave, Inc. All Rights Reserved PRIVACY POLICY :: CONTACT US :: STATS :: SITE MAP :: ADVERTISE