AMSTERDAM, NETHERLANDS: AkzoNobel’s Imagine Chemistry initiative has resulted in more than 200 innovative ideas being submitted by chemistry start-ups, scientists, research groups and students around the world.
Open innovation initiative will lead to new commercial opportunities for chemicals business
Developed in conjunction with KPMG, Imagine Chemistry was launched to help solve real-life chemistry-related challenges such as finding ways to revolutionise plastics recycling as well as uncovering sustainable opportunities for AkzoNobel’s speciality chemicals businesses.
From the 200 submissions received, AkzoNobel will now select 20 finalists to attend a three-day event in June at the company’s principal research facility in Deventer, the Netherlands.
The Imagine Chemistry challenge is focused on finding solutions in five areas:
- Revolutionising plastics recycling
- Waste water-free chemical sites
- Cellulose-based alternatives to synthetics
- Biobased and biodegradable surfactants and thickeners
- Bio-based sources of ethylene
There are also “open challenges” for broad ideas in two further areas: Highly reactive chemistry and technology; and sustainable alternatives to current technologies.
The challenge is part of an integrated approach to further deploy AkzoNobel’s innovation capability in support of its growth ambitions.
Recent innovations from AkzoNobel’s speciality chemicals business include Bolikel XP, a next generation, biodegradable micronutrient to efficiently combat iron deficiency in crops; and Berol DR-B1, a safe and sustainable surfactant for consumer and commercial cleaning applications that involve direct release.
“We have been very impressed by the number and quality of the submissions. This confirms our belief that there is tremendous potential even in mature chemistries. We are looking forward to working with the eventual winners to scale up their ideas and turn them into a commercial reality with real global impact,” said Thierry Vanlancker, AkzoNobel’s executive committee member responsible for speciality chemicals.
“We put innovation and sustainability at the heart of everything we do. Our strategic ambition is to deliver a world-beating product portfolio across all our markets, building on collaborative and open innovation,” added Vanlancker.
© Worldofchemicals News
Read More: AkzoNobel’s Imagine Chemistry challenge created more than 200 ideas
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