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Chemical Heritage Fdn.
Research Frontiers for the Chemical Industry: Report on the 2nd Annual CHF-SCI Innovation Day Warren G. Schlinger Symposium: 7 September 2005
Cyrus Mody (au); Arthur Daemmrich (au)
Squeezed on all sides -- including from raw material costs (which are at unprecedented highs), narrowing access to feedstocks, and growing competition in commodity markets -- chemical firms must create new high-value materials and services to survive and profit. This report summarizes the second annual CHF-SCI Innovation Day and suggests solutions for current challenges based on this forum in which scientists and technology managers gather to explore frontier areas for the chemical industry. The industry’s future, the authors argue, lies in a strategic “wager” on disruptive technologies, balanced by incremental steps to develop new feedstocks and manufacturing processes that yield novel materials with less environmental impact.
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