Research Press Conference Energy Supply is Future Topic of BASF Research
BASF had sales of approximately €8.5 billion in 2012 from new products on the market for less than five years. In 2020, the company plans to conduct half of its research outside of Europe. In the next years, the future topic will be energy supply. Besides photovoltaic technologies, especially mobile and stationary storage technologies are the focus of research at BASF.
Ludwigshafen/Germany – BASF had sales of approximately €8.5 billion in 2012 from new products that have been on the market for less than five years. “Our research Verbund has increased its innovative strength to a new level of performance in 2012,” said Dr. Andreas Kreimeyer, member of the Board of Executive Directors of BASF and Research Executive Director, at the Research Press Conference in Ludwigshafen.
In 2012, the company launched more than 250 new products onto the market. “If we also include new formulations and optimized products, the total actually runs to several thousand,” added Kreimeyer. In 2020, BASF aims to achieve sales of €30 billion from new products that have been on the market for less than ten years.
The company’s innovative strength is also reflected in the Patent Asset Index of the WHU – Otto Beisheim School of Management, Vallendar, Germany. This index compares the effects of the patent portfolio on the competitiveness and innovative strength of companies. In 2012, BASF took first place in the Patent Asset Index in the chemical industry for the fourth consecutive time.
Research in the future increasingly outside of europe
To continue being successful with innovations, in 2012 the company increased its research and development expenditures to €1.7 billion (2011: €1.6 billion). At present around 10,500 employees are working in international and interdisciplinary teams on about 3,000 projects worldwide. The proportion of research activities outside of Europe has increased from 24% in 2011 to 27% in 2012. “One of last year’s highlights was the inauguration of our Innovation Campus Asia Pacific at BASF’s new Greater China headquarters in Shanghai,” said Kreimeyer. With 450 research and development scientists, this is already BASF’s largest research site in Asia.
An important part of this Know-How Verbund is a network of more than 600 interdisciplinary and international cooperations. BASF recently inaugurated the research initiative “North American Center for Research on Advanced Materials,” launching several research projects in the material sciences field with partners in the United States.