BASF hikes research spending new record level

BASF hikes research spending to new record level

4:54 PM, 7th June 2011
BASF hikes research spending to new record level
BASF lab.

  • Innovation secures sustainable growth for BASF and long-term success for its customers
  • Chemistry contributes decisively to the climate friendly mobility of tomorrow
  • Joint laboratory for batteries and electrochemistry opens at Karlsruhe Institute of Technology

 

LUDWIGSHAFEN, GERMANY: In 2010, BASF’s research and development (R&D) expenditure reached a new record level, rising to nearly €1.5 billion (previous year 2009: €1.40 billion). The company attaches great importance to continuity in R&D and has further increased its commitment even in tough times, says Dr Andreas Kreimeyer, Member of the Board of Executive Directors and Research Executive Director, at a press conference. “Research and development are the foundations to secure our future. BASF will therefore also be increasing its R&D spending in the new year 2011, the International Year of Chemistry,” said Kreimeyer.

 

More than 9,600 R&D employees are working in international and interdisciplinary teams on about 3,000 projects aimed at finding answers to the challenges of the future. With new products, processes and system solutions, BASF is an important innovation driver for almost all sectors of industry and helps its customers achieve long-term success. “We are participating in about 1,900 cooperative projects worldwide. This international and interdisciplinary know-how Verbund helps us to bring innovations more rapidly into the markets,” added the Research Executive Director.

 

Major prerequisites for successful research are the right choice of strategic research topics, excellent project management and a smoothly functioning infrastructure. For example, BASF had set itself for 2010 the goal of generating sales of €6 billion with new and improved products and applications that have been on the market for less than five years. The company overachieved this goal by a substantial margin.

 

The chemical industry is making decisive contributions to the mobility of tomorrow. This applies to the classical internal combustion engine and to hybrid drives and future electric cars. Innovation through chemistry allows energy-efficient and sustainable solutions: from plastics for lightweight construction and heat management, through innovative fuel additives to materials for high-performance and safe batteries. “Through our research, we want to develop products and technologies that will secure individual flexibility and mobility while protecting the environment and climate,” explained Dr Andreas Kreimeyer. In the next five years, BASF will be investing a three-digit million sum for battery-related activities. These include the company’s own R&D programs devoted to optimizing lithium-ion technology and developing completely new battery concepts.

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