Speaking of aniline dyes (it was March 3 for readers who don't obsessively follow every single story) industrial heavyweight Badische Anilin und Soda Fabrik shows that though these German dreadnoughts can be slow to get going they have resources that combine to make formidable competition for China, the U.S. and anyone else you care to mention.
From AgFunder News:
- BASF has committed itself to launching at least 30 R&D projects by 2030, which will focus on sustainable agriculture innovations that complement its offerings in seeds, seed treatments, biological and chemical solutions, and digital services.
- The German biochemicals giant said the commitment brings its innovation pipeline to an “estimated peak sales potential” of over €7.5 billion ($8.97 billion).
- “Sustainability is engrained in our entire R&D process. It leads the way in how we develop our innovations which help farmers produce more crops and increase efficiency while preserving natural resources,” Paul Rea, senior vice president at BASF Agricultural Solutions North America, said in a statement.
Why it matters:
The enhanced innovation pipeline is aimed at helping BASF on its way to meeting the ambitious sustainability goals it has tasked itself with.
In November 2020, the company set a number of targets to reach by 2030, including a 30% reduction in carbon dioxide emissions per ton of crop, covering at least 400 million hectares of farmland with its digital solutions, and a 7% annual increase in sales share for its products with a “substantial sustainability contribution.”...
....MORE
