January 6, 2009

Innovation to the rescue

ICIS Chemical Business (the magazine I work for) recently featured an article on how innovation and product development enabled the chemical industry to withstood the Great Depression of the 1930s. According to historians in the article, while consolidation helped streamline the industry, creation of new value-added products helped create profitable markets as well as cut costs.

Sounds familiar doesn't it? Petroleum-based chemicals were the main focus during the 1930s and maybe this time, innovative nature-based chemicals will help lift the industry out of a slump. You can read more about the "Lessons from the Great Depression" and other interesting chemical industry predictions for 2009 at icis.com.

Here are other interesting green innovations that the green blog came across last year:

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