{"id":151104,"date":"2024-09-27T07:35:00","date_gmt":"2024-09-27T05:35:00","guid":{"rendered":"https:\/\/renewable-carbon.eu\/news\/?p=151104"},"modified":"2024-09-23T13:46:33","modified_gmt":"2024-09-23T11:46:33","slug":"evonik-aims-to-generate-e1-5-billion-additional-sales-with-new-innovation-strategy","status":"publish","type":"post","link":"https:\/\/renewable-carbon.eu\/news\/evonik-aims-to-generate-e1-5-billion-additional-sales-with-new-innovation-strategy\/","title":{"rendered":"Evonik aims to generate \u20ac1.5 billion additional sales with new innovation strategy"},"content":{"rendered":"\n\n
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\u00a9 Evonik<\/figcaption><\/figure><\/div>\n\n\n
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  • Bio-based solutions, the energy transition, and the circular economy as new core areas of the innovation portfolio<\/strong><\/li>\n\n\n\n
  • Target: Additional sales of \u20ac1.5 billion by 2032<\/strong><\/li>\n\n\n\n
  • Innovation growth areas address the most relevant sustainability trends for the businesses<\/strong><\/li>\n<\/ul>\n\n\n\n

    Specialty chemicals company Evonik is driving forward the green transformation of industry. With its new innovation strategy, it is stepping up its focus on sustainability. To this end, it is bundling a large proportion of its R&D activities in three new innovation growth areas. These should generate additional sales of \u20ac1.5 billion by 2032, compared with 2023.<\/strong><\/p>\n\n\n\n

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    \u201cOur new innovation strategy shows how sustainable products and solutions will be supporting Evonik\u2019s future growth even more strongly, and, at the same time, reducing our customers\u2019 ecological footprint,\u201d says Harald Schwager, deputy chairman of Evonik<\/strong>\u2019s executive board.\u00a0<\/p>\n\n\n\n

    The new innovation growth areas focus on bio-based solutions, the energy transition, and the circular economy. \u201cWith our technologies, we are shaping a future worth living. The three new innovation growth areas address the most relevant sustainability trends for our businesses,\u201d says Evonik\u2019s chief innovation officer, Ralph Marquardt<\/strong>.\u00a0<\/p>\n<\/blockquote>\n\n\n\n

    In the Advance Precision Biosolutions innovation growth area, Evonik scientists are using biotechnology to develop solutions that improve people\u2019s health and quality of life, save energy and resources, or protect ecosystems. They include modern biosurfactants such as rhamnolipids. Evonik inaugurated the world\u2019s first industrial-scale plant for the production of this new class of biosurfactants in Slovakia in May. At the same time, the company is driving forward the development of rhamnolipids for other areas of application.<\/p>\n\n\n\n

    The Accelerate Energy Transition innovation growth area brings together contributions to the energy transition. These include, for instance, solutions to capture carbon dioxide from the exhaust gases from processes or directly from the air. Moreover, in Sch\u00f6rfling (Austria), Evonik produces membranes that can be used to purify biomethane and other gases. This facility was initially extended in 2023 and a further extension is already under construction. The company is also researching other membrane solutions, for example, for the production of hydrogen.<\/p>\n\n\n\n

    The Enable Circular Economy Innovation Growth Area combines all Evonik research projects for a modern circular economy. The aim is to help close material cycles. In this way, the company is paving the way for its customers to move towards circularity. That can be achieved, for example, through advanced catalyst recycling and solutions to improve the recycling of polyurethane or rubber.<\/p>\n\n\n\n

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    \u201cResearch and development already make an overriding contribution to our growth,\u201d says Marquardt<\/strong>. \u201cThis trend will continue with these new growth areas.\u201d The new innovation growth areas are therefore building on the success of Evonik\u2019s previous innovation growth fields, which were selected in 2015.\u00a0<\/p>\n<\/blockquote>\n\n\n\n

    The aim was to achieve additional sales of \u20ac1 billion within ten years with, for example, sustainable solutions for health, cosmetics, and additive manufacturing. In 2023, that figure was already above \u20ac650 million. \u201cGiven the turbulence of recent years, that is a good performance, which we can build on in the future,\u201d says Schwager. \u201cA global pandemic, an invasion within Europe\u2014those were events no-one foresaw nine years ago. That we came so close to our goal despite such unprecedented challenges shows that we focused on the right topics.\u201d<\/p>\n\n\n\n

    In 2023, Evonik held research and development expenses at the previous year\u2019s level of \u20ac443 million, despite the challenging economic situation. The majority was spent on research for the chemical production divisions, while a smaller proportion was channeled to Creavis, Evonik\u2019s strategic research unit and business incubator. Relative to sales, the R&D ratio was 2.9 percent in 2023. <\/p>\n\n\n\n

    For Evonik, innovation and sustainability are fundamental elements of a future-oriented business model. Therefore, the company is continuing to focus on strong research and development so it can make a wide range of contributions to driving forward the green transformation\u2014both within its own sphere of activity and at its customers.<\/p>\n\n\n\n

    <\/p>\n\n\n\n

    About Evonik<\/h3>\n\n\n\n

    Evonik is one of the world leaders in specialty chemicals. The company is active in more than 100 countries around the world and generated sales of \u20ac15.3 billion and an operating profit (adjusted EBITDA) of \u20ac1.66 billion in 2023. Evonik goes far beyond chemistry to create innovative, profitable, and sustainable solutions for customers. About 32,000 employees work together for a common purpose: We want to improve life today and tomorrow.<\/p>\n","protected":false},"excerpt":{"rendered":"

    Specialty chemicals company Evonik is driving forward the green transformation of industry. With its new innovation strategy, it is stepping up its focus on sustainability. To this end, it is bundling a large proportion of its R&D activities in three new innovation growth areas. These should generate additional sales of \u20ac1.5 billion by 2032, compared […]<\/p>\n","protected":false},"author":59,"featured_media":151132,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"none","nova_meta_subtitle":"Three new innovation growth areas are supposed to generate additional sales of \u20ac1.5 billion by 2032, compared with 2023","footnotes":""},"categories":[5572],"tags":[6843,5838,14263,12456,5796,23864,10416,10630,24268],"supplier":[43],"class_list":["post-151104","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bio-based","tag-biochemicals","tag-bioeconomy","tag-biomethane","tag-biosurfactants","tag-biotechnology","tag-carbonsequestration","tag-circulareconomy","tag-hydrogen","tag-rhamnolipids","supplier-evonik-industries-ag"],"_links":{"self":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/151104","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/comments?post=151104"}],"version-history":[{"count":0,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/151104\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/media\/151132"}],"wp:attachment":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/media?parent=151104"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/categories?post=151104"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/tags?post=151104"},{"taxonomy":"supplier","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/supplier?post=151104"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}