08 December 2010 11:20 [Source: ICIS news]
DUBAI (ICIS)--Market-oriented product innovations could help resolve issues related to the world's "megatrends", a senior executive at German specialty chemicals producer LANXESS said on Wednesday.
The four global megatrends seen currently are rapid growth in mobility, water supply, reliable supplies of food and accelerating urbanisation, said Axel Heitmann, chairman of the board of management, at the annual GPCA forum.
The forum's theme this year is centered around growth through innovation.
Chemical companies, for example, could use new innovation to create solutions for more efficient water processing, removing pollutants from contaminated water and preventing water pollution, Heitmann said.
LANXESS earlier this month started production at a new ion exchange resins plant in Gujarat state, ?xml:namespace>
Chemical innovation is "the most realistic hope for solving the water problem", Heitmann said.
LANXESS was also working closely with the agricultural industry to boost capacities to meet growing demand, he said.
New innovations could also produce alternative fuel vehicles through the use of additives as well as safer, more fuel-efficient cars, Heitmann added.
The annual GPCA forum runs from 7-9 December in
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