Company
Innovation
A leader in sustainability with a portfolio rich in innovative products
Innovation
A leader in sustainability with a portfolio rich in innovative products
Innovation Based on Insights
We invest significantly in R&D
We create more profitable, safer, and more sustainable products and processes, develop our own capabilities, and improve the way we work. We believe that being open to the ideas and enthusiasm of outside collaborators will help our company achieve its maximum potential and lead the way to a more sustainable chemical industry.
Our Innovation Model leverages Insights based on our strong understanding of industry and market trends to identify the challenges that we can uniquely solve.
Innovation highlights
of revenue from Eco-Premium Solutions
strategically located Innovation and Application Centers
retention rate over the past six years of our top 250 customers
of our R&D product pipeline is focused on solutions with sustainability benefits in 2023
Our global team of 600 scientists and engineers leverage our market-leading product and application development capabilities in addition to our technology platforms to provide innovative and sustainable, high-performance solutions that meet the needs of customers in our prioritized end-markets. Our capabilities include novel machine learning models to accelerate our ability to deliver application and formulation solutions to customers and guide engineers to where we can explore next.
Our Innovation Centers provide for larger, global platform development while Application Development Centers are regional in order to allow us to tailor solutions to local market and customer needs.
We continually invest in the innovation of solutions with sustainable benefits. In 2023, 74% of our product innovation pipeline came from our Eco-Solutions and 32% of revenue came from our Eco-Premium Solutions.
Our product development processes are designed to drive continuous sustainability improvement in the overall portfolio as products are updated or replaced. Eco-Premium Solutions and Eco-Solutions are fundamental drivers of our sustainability agenda for creating more value from fewer resources, of the products we sell, and of the processes we use to manufacture them.
Collaborative innovation
We believe that being open to the ideas and enthusiasm of outside collaborators will help our company achieve its maximum potential and lead the way to a more sustainable chemical industry. We therefore work closely with customers to develop solutions that meet their changing needs and forge partnerships with external parties such as startups whose unique ideas complement our experience, resources, and business needs.
Go to our Open Innovation Space and learn more about work with us as equal partners to make the chemicals industry more sustainable.It allow us to engage with anyone who has expertise or innovative solutions that fit with our business such as a newly patented technology requiring co-development to a finished product ready to be launched.
Examples includes the Impuls Program with the Technical University of Eindhoven, ARC-CBBC; our partnership with technology venture capital company Icos Capital; screening, scouting and venturing, our own global technology scouting team; the open innovation campus at our Deventer research center and many more initiatives driven by our business units as well as.
We also made a strategic investment in Icos Capital Fund IV to explore a wide range of start-ups and budding technologies pertinent to our primary markets, with a particular emphasis on accelerating sustainability.
The majority of our R&D budget is dedicated to growing our existing portfolio of innovative products and developing next generation products and technologies. This is managed by the individual Business Units and much of this work is done in collaboration with our customers. The deep knowledge of our customers' applications allows for focused, application-driven research and innovative customer support.
To support these efforts our Expert Capability Center Deventer (ECCD) provides deep expertise and high-level facilities in the fields of measurement and analytical sciences, materials technologies and environmental testing. The ECCD boasts state of the art equipment, world class experts and over 50 years of experience in solving challenges in the chemical industry.
Solving your challenges using our expertise
The ECCD boasts state of the art equipment, world class experts and over 50 years of experience in solving challenges in the chemical industry.
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