Tag Archives | spend

BASF boosts innovation spend

News released today shows BASF, the world’s biggest chemical company, increased its research and development (R&D) spend in 2010 to a record level of nearly €1.5bn ($2.1bn). Spending will be even higher in 2011, it added. In 2009, the company spent €1.40bn on R&D, up from €1.35bn in 2008, and had an R&D to sales ratio of 2.76%. “The […]

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SABIC boosts innovation spend

Saudi Arabia’s petrochemicals and polymers giant SABIC is looking to move further into downstream products in the Kingdom as access to cheap ethane feedstock wanes. To support the drive, which includes it looking at investments in polyurethanes, polyamide and other new materials, it will be stepping up its spend on inhouse innovation. al_Ubaid is driving […]

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Chemicals innovation spend holds up

Some positive news on innovation spend came my way recently. Anecdotal reports that chemical companies protected spending on innovation through the downturn were confirmed by the annual Booz & Company survey of the Top 1,000 corporate spenders on R&D.It found that, for 2009 compared to 2008, the top publicly-listed chemical and energy sector spenders on […]

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