BASF Research Press Conference 2023 Presents Product & Technology Developments

BASF shared that sales generated with products launched on the market in the past five years that stem from R&D activities increased in 2022 to around €12 billion.
BASF shared that sales generated with products launched on the market in the past five years that stem from R&D activities increased in 2022 to around €12 billion.
Courtesy of BASF

During BASF's 2023 Research Press Conference the company shared product and technology developments as well as current strategies. Among them included BASF's TripleS method transparently designed to evaluate the sustainability of a product portfolio as well as a report that shared sales generated with products launched on the market in the past five years that stem from R&D activities increased in 2022 to around €12 billion.

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Melanie Maas-Brunner, Ph.D., member of the Board of Executive Directors and chief technology officer of BASF, shared, “Chemistry and sustainability are a perfect match–as BASF has recognized for a long time. As the world’s leading chemical company, we provide innovative solutions that make an important contribution to supporting the sustainable transformation of society and the optimal use of limited resources." Maas-Brunner and BASF’s technology experts highlighted current innovation projects as concrete examples of this contribution.

"[BASF continuously develops new and even more sustainable products and technologies.] This is possible thanks to our unique innovation power, the success of which is evident in numerous indicators,” Maas-Brunner said. In recent years, the company has continuously increased its sales generated with products launched on the market in the past five years that stemmed from R&D activities; they rose to around €12 billion in 2022. This innovation power is also reflected in the more than 1,000 patent applications filed last year, making BASF a leader in the industry once again.

“I am particularly happy that 40 percent of these patents are inventions with a particular focus on sustainability and a further 20 percent are related to digitalization,” said Maas-Brunner. Around 10,000 employees in research and development worldwide have contributed to these successes.

“As chief technology officer, I am very proud of this highly qualified research and development team.” One current research project that Maas-Brunner discussed in detail was the development of materials that significantly enhance the efficiency of water electrolysis. Water electrolysis is used to produce CO2-free hydrogen that is essential for the transformation of the chemical industry.

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