Nanotechnology Now

Our NanoNews Digest Sponsors

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

Composite Pipe Long Term Testing Facility February 10th, 2016

Scientists take nanoparticle snapshots February 10th, 2016

Chemical cages: New technique advances synthetic biology February 10th, 2016

New thin film transistor may lead to flexible devices: Researchers engineer an electronics first, opening door to flexible electronics February 10th, 2016

Nanoparticle therapy that uses LDL and fish oil kills liver cancer cells February 9th, 2016

Chemistry

Chemical cages: New technique advances synthetic biology February 10th, 2016

Graphene decharging and molecular shielding February 8th, 2016

Academic/Education

SUNY Poly and GLOBALFOUNDRIES Announce New $500M R&D Program in Albany To Accelerate Next Generation Chip Technology: Arrival of Second Cutting Edge EUV Lithography Tool Launches New Patterning Center That Will Generate Over 100 New High Tech Jobs at SUNY Poly February 9th, 2016

COD Grad Begins Postdoctoral Fellow at Harvard University: Marsela Jorgolli's Passion for Physics Has Led to a Decade of Academic Research That Continues at Harvard University as a Postdoctoral Fellow February 2nd, 2016

Heriot-Watt's Institute of Photonics & Quantum Sciences uses the Deben Microtest 2 kN tensile stage to characterise ceramics and engineering plastics January 21st, 2016

Multiple uses for the JPK NanoWizard AFM system in the Smart Interfaces in Environmental Nanotechnology Group at the University of Illinois at Urbana-Champaign January 20th, 2016

Investments/IPO's/Splits

Harris & Harris Group Portfolio Company, Magic Leap, Raises $793.5 Million in New Funding February 3rd, 2016

Israel: A Nanotech Superpower: Did you know that Israel is a hotbed for nanotechnology research and development? February 1st, 2016

PEN Inc. Announces 1-for-180 Reverse Stock Split January 27th, 2016

Nanometrics to Announce Fourth Quarter and Full Year Financial Results on February 2, 2016 January 13th, 2016

Announcements

Composite Pipe Long Term Testing Facility February 10th, 2016

Scientists take nanoparticle snapshots February 10th, 2016

Chemical cages: New technique advances synthetic biology February 10th, 2016

New thin film transistor may lead to flexible devices: Researchers engineer an electronics first, opening door to flexible electronics February 10th, 2016

Patents/IP/Tech Transfer/Licensing

New thin film transistor may lead to flexible devices: Researchers engineer an electronics first, opening door to flexible electronics February 10th, 2016

Joint Efforts by Iranian, Malaysian Scientists Produce Antibacterial Coatings for Isolated Areas February 4th, 2016

Silicon-based metamaterials could bring photonic circuits February 1st, 2016

Therapeutic Solutions International Licenses Dexosome Clinical Stage Cancer Immunotherapy Product From Gustave Roussy European Cancer Centre: FDA Cleared Immuno-Oncology Technology to Resume Clinical Development for Solid Tumor Patients January 27th, 2016

Alliances/Trade associations/Partnerships/Distributorships

SUNY Poly and GLOBALFOUNDRIES Announce New $500M R&D Program in Albany To Accelerate Next Generation Chip Technology: Arrival of Second Cutting Edge EUV Lithography Tool Launches New Patterning Center That Will Generate Over 100 New High Tech Jobs at SUNY Poly February 9th, 2016

Vesper Collaborates with GLOBALFOUNDRIES to Deliver First Piezoelectric MEMS Microphones: Acoustic sensing company works with top foundry to support mass-market consumer products January 21st, 2016

Imec and Cloudtag Collaborate on High Quality Frictionless Wearables for Lifestyle Coaching: Next-generation health and fitness tracker Cloudtag TrackTM launched at CES 2016 January 7th, 2016

Technical partnership at the top – Oxford Instruments and Zurich Instruments announce a technical collaboration for low temperature physics January 7th, 2016

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







Car Brands
Buy website traffic