At CIEX 2021 Nick Challoner, President Life Science at Croda talked about the company’s strategy to unlock innovation through partnerships and collaboration. The below is a summary of Nick’s presentation.
Everyone would agree that there have been long-term alterations to the pattern of the weather and temperature. These alterations can be natural, like the variations in the solar cycle. However, these alterations could be biological or influenced by man’s activities. The solar process causes naturally influenced changes, but human activities have been the primary driving force.
Since the 1800s, anthropogenic events have led to the revolution in the world today. Similarly, burning fossil fuels like oil, coal, and gas drives climatic changes. Burning these fuels produces emissions that deplete the ozone layer, trap the heat from the sun, and increase the temperature of the earth. Significant examples of greenhouse gas emissions are carbon dioxide and methane.
Deforestation, burning coal, or driving a car that uses gasoline will increase the amount of carbon dioxide in the environment. Gathering garbage in landfills is the major contributor to methane release. The use of energies, emissions by industries, transportation, buildings, and agriculture do the most to the devastating state of the world we experience.
However, people have not been able to answer all the questions that surround the problems of climatic change. The urgency to fix the issue of the world is becoming intense considering the degrading effects of climatic changes. As a result, Open Innovation seems pivotal at this point.
Open Innovation collaborates with people to solve this common issue of man. Every individual does not have all of the answers to these problems. However, there is strength in unity; this is where collective innovation power is needed. People have simple solutions but can be agglomerated into practical solutions for all.
Innovation helps to have specific purposes and targeted goals. Innovations aim at permanent solutions rather than providing solutions for a temporary fix. As a result, different people and organizations have innovated several solutions to deliver these solutions. These innovations come as New and Protected Products (NPPs).
New and Protected Products (NPPs) arise from synthesis, application, and manufacturing. The ecosystem of partnership brings organizations together to solve the common problem – having a green community. Also, organizations can enjoy a competitive advantage from these partnerships. With the innovation method, you can measure performance outcomes.
Skin science has contributed immensely to this new revolution as it has developed a long-term relationship. Skin science focuses on healthy products rather than using some products that could increase the unpleasant gases in the atmosphere. As a result, they have an excellent effect on the body and, eventually, the environment.
Also, partnerships bring smart science to the market. Many organizations with good intentions are becoming known because the world now pays attention to its global problem. For example, entekno provides sunscreen with UV protection over traditional spheres. Also, Glass flakes are environmentally friendly for the industrial and coating market.
Nautilus is another collaborative partner in Open Innovation. The company offers a natural source of personal care actives for the skin. Enza Biotech AB builds a platform of sugar-based surfactants which are degradable by the body. Also, the surfactants are biodegradable and do not increase the number of pollutants in the environment.
Another top organization that should be commended for its efforts to achieve a green society is Novel Process Development. Their effort includes the use of safe plants for economic benefit and carbon dioxide reduction. These plants help to purify the atmosphere and make it healthier for life. In addition, plants use Carbon dioxide for their activities and release oxygen into the environment. This reduces the toxicity in the environment and the materials therein.
Also, Supercritical CO2 is another innovation that helps achieve a safe environment. They contribute to the environment by replacing the typical carbon dioxide, which increases global warming. Global warming or the greenhouse effect refers to a high temperature making the world inhabitable for life. Supercritical CO2 replaces atmospheric carbon dioxide and eliminates the adverse effect it may cause to the world.
Finally, another company with immense contribution is Agrochemical drift reduction technology. The focus is on agricultural products that help agriculture but help the environment. They are biodegradable purifiers that remove the carbon dioxide in the atmosphere. The agricultural products are friendly to human lives and animals. Eventually, it reduces the existing pollutants in the environment.
The technology uses drying droplet analysis to produce healthy chemicals that are compatible with the crops. Also, they are friendly with the environment.
Another collaboration is with Advanced Therapeutics. It brings us closer to our competition in a comfortable way. Many efforts are improving medical and pharmaceutical formulation to provide a better world for all.
Achieving a stable and clean environment should be everyone’s effort. The world is dying, and we are responsible for it. In the same vein, we can be more accountable for our solution to make it green. A safe world is precious to life and growth. Open Innovation is the solution to achieve it all.
You can find all recorded presentation on our CIEX Portal. It also contains past case studies and images captured from past CIEX conferences. Your next chance to join our CIEX live is in Frankfurt, October 5 & 6, 2022.
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