industry agenda chemistry and advanced materials industry vision 2016 · 2016-01-29 · chemistry...

Industry Agenda

Chemistry and Advanced MaterialsIndustry Vision 2016

January 2016

Davos-Klosters, Switzerland 20-23 January

World Economic Forum®2016 - All rights reserved.

No part of this publication may be reproduced or transmitted in any form or by any means, including photocopying and recording, or by any information storage and retrieval system.

The views expressed are those of certain participants in the discussion and do not necessarily reflect the views of all participants or of the World Economic Forum.

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Contents

3 Introduction

4 Past View: The Industry in 2015

6 Short-Term View: The Industry in 2016

8 Long-Term View: Industry Trends

12 Review: Industry Activities at the Forum

14 Appendices

15 Contact Information

Introduction

Fernando J. GómezHead of the Chemistry and Advanced Materials Industry

One word accurately and comprehensively describes the business activities of World Economic Forum Industry Partners: transformation. One might think this is true only because we can find processes that transform matter across the entire sector, or because of how clearly the science of good quality transformation manifests in the business. But there is yet another important manifestation of the concept throughout the sector: the industry of transformations is transforming itself.

The year 2015 exhibited some of the most telling signs of an industry in transformation. The degree of specificity with which the industry allocates profitability to individual business lines, the increased transparency in this association, and the flexibility offered by global capital markets to investors triggered a process of fragmentation and divestment that accelerated throughout the year. Recomposition and regrouping will follow and – should all go well – these strategic moves will deliver the returns expected. Nevertheless, an underlying question remains: to what extent are these transformations challenging the identity of our industry sector? Is the full redefinition of the sector on track, and will the concept of a chemical company also become something else? This is one of the key topics that the Governors will explore during their annual gathering in January at the World Economic Forum Annual Meeting 2016 in Davos-Klosters.

The backdrop for this industry transformation is in no way static. In 2015 the world saw multiple events challenging not only the sustainability of our businesses, but also the global geopolitical and macroeconomic order. The rise of global security threats and their actual manifestation have shaken the perception of safety throughout the world. The humanitarian, social and economic crises associated with the massive displacement of people are rooted in conflict. The global economy is moving at multiple speeds, but is characterized by by a tepid recovery in the United States, the deceleration of growth in China and other emerging markets, and growth challenges in European and the Japanese economies. A redefinition of the energy landscape (and feedstock for our industry), due to an oversupply of fossil fuels, is paradoxically occurring in parallel with a new climate agreement. All point to a heightened need for dialogue, understanding and commitment across sectors. The Annual Meeting will once again offer the opportunity for just that.

One additional element deserves special mention: the opportunities and threats that the transformation of entire industries, societies and, yes, human beings brings about due to accelerated technological progress. For the industry that masters the transformation of matter, the Annual Meeting 2016 will open a valuable space for our community to define the roles it will play under a new economic and social order. Under the theme of “Mastering the Fourth Industrial Revolution”, the Annual Meeting will give us this chance.

We have also transformed our Industry Vision paper. In this edition, Bernardo Gradin, Chair of the Chemistry and Advanced Materials Industry Community, reflects on the past year; another section describes some of the issues defining 2016; Jeffrey Carbeck, Chair of the Global Agenda Council on the Future of Chemistry, Advanced Materials and Biotechnology, discusses some of the trends that continue to unravel; and a review of activities and projects carried out by the community in 2015 is also provided. I am grateful for the effort the authors put into these valuable contributions.

Finally, our Industry Team at the Forum, too, is transforming. I am honoured to have been given the opportunity to lead it into a new era under the guidance of the Governors Steering Committee. It is my conviction that this industry is more relevant than ever, and its transformative power goes beyond the boundaries of current disciplines. Just as our living standards couldn’t have been achieved without it, the same will be true of a sustainable, peaceful and (hopefully) not too hot future, no matter how digital. Let’s make it happen.

3Chemistry and Advanced Materials Industry Vision 2016

4 World Economic Forum Annual Meeting 2016


Past View: The Industry in 2015

The year 2015 has been a time of accelerated change for our industry due to societal, technological, environmental and financial/ownership issues. The “industry” is evolving and while chemicals are everything, the appearance, focus and nature of the industry are changing.

The theme of the World Economic Forum Annual Meeting 2016 in January is “Mastering the Fourth Industrial Revolution”. Yet again, this industry is and needs to be at the heart of any developments. Biotechnology is only one area beginning to develop well, and it can help respond to the societal challenge of climate change. We have already seen six second-generation biofuel plants start to produce and there have been success stories with SMEs and their collaborations.

With the COP21 discussions on climate change in Paris offering the greatest hope for success since COP15 in Copenhagen, there is great opportunity as well as the necessity for this industry to contribute. Since we developed the first industry-specific greenhouse gas abatement curve together with the World Economic Forum in 2007, our products and technologies to provide solutions to global challenges have become recognized. At the same time, we

By Bernardo Gradin, Chief Executive Officer, GranBio Investimentos; Chair of the Chemistry and Advanced Materials Industry Community

have not completely grasped the opportunity to tell that story as well as we could have. From smart insulation to lightweight materials to solar panels, this industry remains an enabling industry. A statistic we had calculated is that the industry abates three times as much carbon dioxide equivalent (CO2e) as it generates. Furthermore, if we use energy cane and calculate using the PAS 2050 standards, producing second-generation ethanol would have a cradle to cradle footprint of MINUS 9.67 gCO2/MJe. This is not only abating; it would mean that using fuel would “clean” the environment. Chemistry combined with biology will produce disruptions and create new opportunities.

This or nanotechnology might have a more “dramatic” or “wide-reaching” change for us than simply using new enhanced digital tools. A dramatic increase in processing power is encouraging us to turn atoms to bits and bits to atoms, although the true nature of Moore’s Law has probably already ended when considering the cost to develop the technologies. This may allow new manufacturing techniques, but standardization and quality are not yet guaranteed in new areas, such as additive manufacturing. The same fundamental materials and chemicals will still be needed.

That does not mean the same quantity, however. Some of these new methods will produce in ways that are more efficient and use less material. GE used crowdsourcing and gamification to reduce the weight of a component part by nearly 84% using an additive manufacturing (3D printing) process that would not be possible with traditional manufacturing. This is not unique and numerous examples exist, such as in textiles where the design studio Nervous System and the company Shapeways teamed up to 4D print Kinematic cloth, reducing volume by 85%. Deposition technology has been around for some time, but the increase in processing power and new digital tools are enabling such developments.

Any efficiency plays into the climate, environment and sustainability societal trend and challenge. A further trend comes from the demographics and generational shifts that are occurring. With an ageing population, demands and needs are changing. Generation Y or the millennials have very different aspirations and demands from those of the retiring baby-boomer generation, creating a new normal. This can create a tension in organizations producing competing demands for centralized versus distributed efficiency. Managing this requires good leadership to attract


Past View: The Industry in 2015

and retain talent. The new generations want “different” things and we should think of the end consumer. In the digital area, in addition to additive manufacturing, the demand is growing for body adapted wearable devices for self-monitoring, screenless displays and better batteries. Add robotics, artificial intelligence and the Internet of Things and many opportunities for our materials become apparent.

Changing demographics and an ageing population have also brought a shift in demand, with declining consumption as people are less affluent and spend less (peak purchasing power comes at the age of 40-50 and then decreases). The stimulation from quantitative easing after the global financial crises has kept economies going, but its “great unwinding”, particularly in China, is exposing underlying trends. China had little choice, as a 2007 US dollar equivalent loaned brought 87 cents in GDP growth, but by 2013 had sunk to 13 cents. Moreover, interest on China’s total debt now amounts to around $1.7 trillion, which is approximately the GDP of India.

Since the phaseout of quantitative easing in China began in 2014, Brent crude oil is down 56%, the naphtha Europe market is down 54% (the European naphtha market will likely pivot to Asia in the fourth quarter of 2015), the benzene Europe market is down 55%, China PTA prices are

down 41%, and HDPE US exports are down 35%, although domestic export prices remain stable. The slowdown has seen a large excess in supply, further bringing the prices down, and this has been reflected in traditional customer industries. The global auto market is suffering, with a slight shift to a sharing economy but with a slump in BRIC markets for new (personal transport) vehicles (India and Brazil are down 33% and 23%, respectively), and with China remaining flat. Markets are also being cannibalized by increased sales of used cars. As the infrastructure and housing bubble in China is also slowing, the chemical end markets are suffering.

The decrease in the oil price has brought challenges for other fuels and feedstocks. The shale gas phenomenon was particularly successful at high oil prices, but the financial economics under the lower prices are strained and new crackers are being put on hold. Combined with the lack of good maintenance of some facilities, severe outages have occurred this year, at points including up to 17% of US ethylene and 10-14% of US and Asian crackers out at once. While Japan benefits from Prime Minister Abe’s policies, which have driven up the Nikkei and driven down the value of the yen, these gains come at a cost and debt is likely to reach $1 trillion. The story in Brazil is less bright; the real has depreciated over 50% and the

effects of the corruption scandals have added to the economic downturn. Geopolitics is becoming interwoven with other changes. That is particularly apparent in Russia and the spillover from the Middle East.

Additionally, some of the biggest companies in our industry have embraced change, while others are fighting ownership issues. Activist investors are a recent phenomenon in our industry. A shift of focus on particular areas, such as life sciences/biotech or advanced materials, has seen Chemours spun out from DuPont and Covestro’s emergence from Bayer. While not the only two, they are perhaps the most significant examples.

While all this may not amount to a revolution, certainly some significant changes are taking place in the industry as it evolves. There is a new normal, and all in the industry must face the choice to adapt or die. A generation shift is coming with new technological tools, such as digital and processing power, and with it an urgent need for sustainability as populations also grow.



Short-Term View: The Industry in 2016

During the year, the Chemistry and Advanced Materials Community engaged global leaders from industry, civil society and academia in a number of activities. This section highlights a few issues that will characterize 2016:

– The shale gas revolution will drive growth and disrupt business models, and will significantly drive investment in plants and equipment. Fluctuating oil prices (from $80/barrel in 2010 to $120/barrel in 2012 to below $40/barrel at the end of 2015) coupled with the increased regional availability of low-cost natural gas and natural gas liquids have challenged the fundamental economics of chemical production. Growth in US shale gas production will hold or further reduce prices and will create a steadier supply of ethane, a critical feedstock for the industry. Chemical companies around the world have announced plans for a significant number of new projects to build and expand their shale-advantaged capacity in the United States. These factors will help define a period of reindustrialization in the United States and for its economic partners.

– Low energy costs will further dampen enthusiasm for alternative energy sources like biofuels, another important segment of the chemicals industry. As the opportunity cost of producing biofuels increases, the biofuel industry will be unable to make investments in the technical development and capacity expansion needed to establish second-generation biofuels. A sharp decline in the biofuel industry will have a noticeable effect on the overall agricultural sector of leading producers such as the United States, where 40% of corn and 24% of soybean oil are now used for ethanol and biodiesel.

– Emerging markets will continue to establish themselves as sources of both demand and competition… While economic headwinds have created fears of slowing growth in emerging markets, the developing world will continue to be the main driver of growth in the industry. This will be particularly pronounced in the Asia-Pacific region, which is expected to account for over half of global chemical and advanced material demand over the next several years. The year 2016 will bring about greater investments in localized development and innovation capabilities.

– … and emerging markets will broaden the scope of their competition with established multinational companies. Due to their significant growth in recent years, their proximity to fast growing developing markets and their unique access to local sources of low-cost feedstock, these companies are rapidly advancing into specialty chemicals to better meet the evolving needs of their local markets. An uptick in the development of new channels to collaborate and to combine global capabilities will occur in 2016.

– Strong M&A activity in the industry is poised to continue… fuelled by liquid debt markets, low interest rates and strong economic prospects in select economies. The global market will show high activity in certain areas, with many opportunities for growth through acquisitions. The diverging economics between commodity and specialty chemicals will further drive companies to revise their portfolios through spinoffs and divestitures, and to realign their corporate structure and strategic direction. Corporate venture capital may strengthen as a vehicle to invest strategically in new technologies, adding to possible M&A activity.


Short-Term View: The Industry in 2016

– … but regulatory scrutiny on large deals may keep rising. And while companies in recent years have shown they can adequately address regulators’ concerns, issues such as licensing and labour considerations can postpone deals and limit opportunities for value capture. An increased drive towards tax structuring or cross-border cash repatriation, such as those in United States, may also challenge cross-border deals. Finally, while decreased oil prices may create new incentives for increased vertical integration in the industry, uncertainty caused by price volatility may serve as a deterrent to M&A activity.

– Consumers in developed markets will make more choices taking into account increased transparency, sustainability, safety and health consciousness, and as they shift further their consumption attitudes, the industry will have to develop effective communication strategies that highlight its responsibility in delivering upon these consumer demands. At the same time it will also have to develop business models that allow even tighter collaboration with other industries, such as consumer goods, food and beverage, and construction.

– A surplus of capital globally will create opportunities to invest in transformational change. Many chemical companies have been building cash reserves since the financial crisis of 2008, which has led to a surplus of capital in the industry. That money in 2016 may be invested in transformational change. Although industry leaders have been hesitant to pursue new innovative projects due to economic uncertainty and increased risk aversion, the current potential for growth is in investments in areas such as digital capabilities.

Chemistry & Advanced MaterialsIndustry Vision 2016

Long-Term View: Industry Trends

The Global Agenda Council on the Future of Chemicals, Advanced Materials and Biotechnology convened in Abu Dhabi from 25 to 27 October 2015. Discussing the long-term perspective of the industry, the group foresees the following trends will develop over the next few years and will contribute to a redefinition of the industry:

– The chemical industry is transforming from a manufacturer of goods to a provider of solutions, while customers are moving upstream. The industry has already grasped the fundamental need to move from being just suppliers of solids and liquids to being providers of solutions; many of our partner companies have taken on ambitious innovation projects to do just that. But this change challenges a company’s internal operating models, its R&D and product development processes, and the channels used to engage with its end market ecosystems. Meanwhile, customers continue to move their materials development

processes upstream. Today, global consumer product companies are using computational chemistry and high-performance computing to produce in-house molecular designs of components for their products – which traditionally was the work of their suppliers. Similarly, auto manufacturers are using their own equipment and people to develop their own formulations and to constitute highly sophisticated thermoplastics.

As this trend unfolds, the following questions will be examined: What is the motivation behind this trend? Is it the industry’s lack of speed or responsiveness to provide these capabilities? Are different forces motivating vertical integration, such as owning differentiated molecules and formulations in an effort to maintain competition in the market? If valuable customer and market knowledge is locked downstream, will technical knowledge continue to flow downstream also? Is the industry at a disadvantage with respect to companies closer to consumer end markets in terms of attracting the talent needed to drive this kind of innovation?

– Dematerialization and distributed/digital manufacturing are challenging the current business model of selling solids and liquids. While the role that industry will play in the field of additive manufacturing is not yet fully defined, the industry will surely play a role in addressing the price performance issues that have softened its growth. However, under its current structure, where the tool providers require the use of their proprietary formulations, the industry has largely been prevented from playing a central role in the development of the well-established field of advanced manufacturing. Breaking through the barrier to participate will likely require new kinds of partnerships with industries, some of which may not be part of the current ecosystem of chemical partners, including makers of automated equipment (e.g. industrial robotics) or digital design firms. Additive manufacturing technologies, their distributed nature and their ability to dematerialize products now have the potential to disrupt our

By Jeffrey Carbeck, Chair of the Global Agenda Council on the Future of Chemistry, Advanced Materials and Biotechnology




industry’s current business model of selling solids and liquids. More and more examples of crowdsourced materials challenges will arise, such as the one recently launched by GE and GrabCAD, which called for the redesign of loading brackets in a jet engine to reduce their weight by 30%. Participants from 56 countries submitted nearly 700 bracket ideas. The winning design offers an 84% reduction in weight (preserving the brackets’ integrity and mechanical properties like stiffness). With an entire pool of winnings of only $20,000, GE was able to offer its customers a lighter weight engine that in turn improves fuel efficiency at a fraction of the cost of traditional development.

As this trend unfolds, the following questions will be examined: How can the industry adapt its business model to the disruption of dematerialization enabled by additive manufacturing? What kind of technical and business leadership is required to drive the consolidation of additive manufacturing as a solid field? Which modes for sourcing and utilizing talent will develop in parallel to the field’s definition? How will intellectual property be dealt with in a highly distributed ecosystem?

– Climate change presents challenges and opportunities for the industry: regulation, mitigation and adaptation. The COP21 preparations highlighted the three distinct areas that will require increasingly deliberate action in support of global efforts to address climate change. The industry is already aware of pending increased regulation, which is typically perceived as a risk, and reducing greenhouse gas emissions will have a direct impact on the industry’s cost of goods. However, opportunities also exist for the industry to play a key role in addressing the challenges of climate change. For instance, the industry can help

drive the technologies that mitigate greenhouse gas emissions in other industries: chemicals and materials that enable lightweight vehicles, improve agriculture yields, make renewable energy production and grid-scale storage more efficient, and capture and sequester greenhouse gases on a large scale. And while these opportunities are already actively being pursued by different players in the industry, adaptation will require additional attention. Whether the precise target is 2°C or another objective, the significant changes in weather patterns, the impact on agriculture production and the demand for resilient infrastructure will need more decided and coordinated action.

As this trend unfolds, the following questions will be examined: What chemicals and materials can make cities more resilient towards natural phenomena? Which chemistry-based technologies will help increase crop yields under elevated temperatures with scarce water availability? To what extent will collaboration across sectors be necessary to accelerate the development and implementation of responses?

– Demographic shifts in emerging and developed economies will impact the industry in very different ways. In emerging economies, two strong demographic drivers are apparent – growth in population and in prosperity. Demand for chemicals and materials traditionally scale with GDP per capita in developed economies, but a simple relationship does not always exist between the demand for commodities and population growth in emerging economies, where the effects of urbanization and upward economic mobility rates are only now being manifested. Furthermore, even though the overall demand for major commodities has increased with population growth, the demand for individual commodities will deviate from traditional models due

to the introduction of disruptive technologies in transportation, energy generation and distribution, building and construction, and agriculture. With price performance curves for many existing products not translating directly into these emerging markets, the industry will be challenged to understand the demands and adjust its outputs accordingly. The rise of the sharing economy will in itself be a challenge to existing models of growth in developed economies. At the same time, developed economies are getting older, which is presenting both opportunities and challenges for the industry. As populations age, their demand for materials decreases due to less capacity to spend, but the increase in average life expectancy gives rise to prolonged and new demands for products and services that help the elderly live independent and rich lives. These are not only home healthcare solutions, such as distributed diagnostics and wearable health monitoring devices, but also assistive technologies that improve safety and mobility in smart houses that reduce the burden of cleaning and maintenance.

As this trend unfolds, the following questions will be examined: How can the industry anticipate these disruptive technologies and play a role in value creation and capture? How can the industry help provide lower cost products that fit the economic patterns of this growing demographic? How will the industry respond to a net decrease in vehicle demand in the shift towards shared, autonomous vehicles? Is there an opportunity to partner more directly with original equipment manufacturers as these new models of vehicle ownership and use emerge?

– The Fourth Industrial Revolution will redefine the industry. Advanced digital and information technologies will deepen their integration with the more


traditional physical technologies of manufacturing. This will be enabled by ubiquitous connected sensors (the Internet of Things), high-performance computing and data algorithms that provide predictive analytics. From this perspective, the transition may be more of an evolution than a revolution for the industry. Instrumented assets and real-time process control algorithms have helped the industry drive towards lower production costs and higher yields for decades. However, using these tools still provides opportunities to improve overall supply chain efficiency, both upstream with feedstock providers and with downstream customers. Currently two other opportunities are much less developed. The first is the role digital technologies will play in front-end innovation and new product development. Sensing new opportunities in the market, discovering new compositions of matter with desired properties, and making new combinations of existing materials and chemicals into unique composite structures or formulations with distinct and useful properties are fertile ground. The second is the role that digital technologies will play in understanding customer wants and needs by shifting focus beyond digital marketing, and e-commerce, to improving the interactions with customers and downstream consumers. A key opportunity is to use digital technologies to build

interactive and dynamic ecosystem maps that allow an understanding of how consumer preferences, decision rights, IP rights and value creation/capture are distributed. With access to behavioural and consumption patterns to qualify opportunities, and with the use of social media to raise, improve or monitor brand awareness, the industry will transform its planning and technology development. Finally, these tools should help the industry measure its “social capital” and acceptance. Finding data scientists that can tackle these challenges will require looking beyond the traditional pool of chemists, materials scientists and chemical engineers. This will also put the industry in direct competition with Google and Facebook for the best talent in these areas.

As this trend unfolds, the following questions will be examined: How, as a provider of solutions, can one optimize one’s role in the ecosystem – or even understand what the options are? How will the industry attract the talent needed to develop these digital technologies and integrate them within existing physical capabilities? How does the industry compete for this talent? How can these same digital technologies be leveraged to accelerate the fundamental processes of innovation and make them more efficient?



Chemistry & Advanced MaterialsIndustry Vision 2016

Review: Industry Activities at the Forum

The core project for the industry is the Collaborative Innovation platform, which fosters collaboration among Industry Partners and other relevant stakeholders in a precompetitive stage around topics of high relevance to the industry.

– Advanced Materials Systems (2015-2016). In its current focus, the project has refined a new framework for collaborative materials innovation and R&D. The project seeks to characterize the essential components of the framework, assess the barriers to implementation and propose strategies to overcome them. In 2015-2016, the project progressed in the formulation of a working framework for advanced materials systems. Case studies from six key downstream industries will highlight successes which bring to life the confluence of materials, process technologies, business models, and stakeholders. The full report will be published in March 2016.

– Biotechnology Ecospheres (2015-2016). This platform depicts the main interactions that companies and other stakeholders need to create in order to accelerate the consolidation of a bio-based economy. Topics range from biorefineries to microbiome and nutrition systems. In 2015-2016, participants engaged in diagnostic

dialogues in Brazil and Canada, and completed an assessment of the opportunities in China, characterizing the main challenges in a local setting. Reports for Canada and Brazil were published earlier in the year, and a white paper with the China findings is published alongside this Industry Vision. Collaboration through this platform has yielded tangible results, such as a biotechnology patent fast track and favourable tax structures in Brazil.

– Chemistry for Sustainable Development (under discussion for 2016-2017). This project would highlight the products, technologies and services that the industry offers in support of achieving the Sustainable Development Goals, and identify areas where additional public-private collaboration is needed. The Governors will be asked to endorse and guide the definition of this project for the next year during their sessions at the World Economic Forum Annual Meeting 2016 in Davos-Klosters.

Other Projects and Initiatives

– Emerging Technologies. The Forum runs efforts to identify technologies with the potential to change the world and offer new value dimensions to established

productive chains. The Chemistry and Advanced Materials Industry community participates in updates and exchanges around these technologies.

– The Digital Transformation of the Chemical Industry (under discussion for 2016-2017). This initiative would assess the main modes in which the industry will evolve with the transition to a digital, connected modern world. The Governors will be asked to endorse and guide the definition of this project for the next year during their sessions at the World Economic Forum Annual Meeting 2016 in Davos-Klosters.

– Chemistry and Global Security (under discussion for 2016-2017). This initiative would highlight the role of the industry in relation to global geopolitical and security developments. The Governors will be asked to endorse and guide the definition of this project for the next year during their sessions at the World Economic Forum Annual Meeting 2016 in Davos-Klosters.

Review: Industry Activities at the Forum


Calendar of Events 201620-23 January, World Economic Forum Annual Meeting 2016, Davos-Klosters, Switzerland11-13 May, World Economic Forum on Africa, Kigali, Rwanda1-2 June, World Economic Forum on East Asia, Kuala Lumpur, Malaysia16-17 June, World Economic Forum on Latin America, Medellin, Colombia26-28 June, Annual Meeting of the New Champions 2016, Tianjin, People’s Republic of China27-28 September, Industry Strategy Meeting, Unites States

Project Steering Council, Collaborative Innovation, Advanced Materials Systems

Thierry Sueur, Vice-President, European and International Affairs, Air LiquideGraham Dodd, Design Leader of Materials and Making, ArupHariolf Kottmann, Chief Executive Officer, Clariant InternationalUlrich Kettling, Director, Clariant Produkte (Deutschland)Peter Nagler, Chief Innovation Officer, Evonik IndustriesDavid Berry, Partner, Flagship VenturesAlan Hiltner, Vice-President, Business Development, GranBio InvestimentosBernardo Gradin, Chief Executive Officer, GranBio InvestimentosMichael Olosky, Senior Corporate Vice-President and Head of Innovation, Adhesive Technologies, HenkelLee Bowei, Chairman of the Board, LCY Chemical Corp.Steve Yurich, President, Mitsubishi Chemical Holdings EuropeNikhil Meswani, Executive Director, Reliance IndustriesAjit Sapre, Group President, Research and Technology, Reliance Technology Group, Reliance IndustriesRob W. Van Leen, Chief Innovation Officer, Royal DSMErnesto Occhiello, Executive Vice-President, Innovative Plastics, Saudi Basic Industries Corporation (SABIC)François Monnet, Executive Vice-President and Director, Advanced Technologies, Solvay

Project Advisory Board, Collaborative Innovation, Advanced Materials Systems

Thomas M. Connelly, Chief Executive Officer, American Chemical Society (ACS) Steven Hamburg, Chief Scientist, Environmental Defense Fund Chandran Nair, Founder and Chief Executive Officer, Global Institute for Tomorrow Mary Ryan, RAEng/Shell Chair for Interfacial Nanoscience, Imperial College London Sung-Mo Steve Kang, President, Korea Advanced Institute of Science and Technology (KAIST) Steven Chu, Professor of Physics and Molecular and Cellular Physiology, Stanford University Ni Jun, Shien-Ming Wu Collegiate Professor of Manufacturing Science; Honorary Dean, UM-SJTU Joint Institute, University of Michigan Harry S. Baumes, Director, Office of Energy Policy and New Uses, Office of the Chief Economist, US Department of Agriculture Lin Boqiang, Dean, Institute for Studies in Energy Policy, Xiamen University


Chemistry & Advanced Materials Industry Community

Chemistry and Advanced Materials Industry Partners (as of January 2016)

Air Liquide SAAkzo Nobel NVBASF SEBayer AGBP PlcClariant International LtdEvonik Industries AGGranBio Investimentos SAGrupa AzotyHanwha Group Henkel AG & Co. KGaAIndorama Ventures Public Company LimitedJubilant Bhartia GroupLanxessMitsubishi Chemical Holdings CorporationMitsubishi CorporationNovozymes A/SOJSC PhosAgroReliance Industries LimitedRoyal DSM NVSaudi AramcoSaudi Basic Industries Corporation (SABIC)Sibur LLCSolvay SASumitomo Chemical Co.The Dow Chemical CompanyToray IndustriesUnited Phosphorous Limited (UPL)

Governors Steering Committee for Chemistry and Advanced Materials

Bernardo Gradin, Chair of the Steering Committee,Chief Executive Officer, GranBio Investimentos SA, BrazilYoshimitsu Kobayashi, Chairman, Mitsubishi Chemical Holdings Corporation, JapanDmitry Konov, Chief Executive Officer, Sibur LLC, Russian FederationAloke Lohia, Group Chief Executive Officer, Indorama Ventures Public Company Limited, ThailandFeike Sijbesma, Chief Executive Officer and Chairman of the Managing Board, Royal DSM NV, NetherlandsKurt Bock, Chairman of the Board of Executive Directors, BASF, Germany


Global Agenda Council on the Future of Chemistry, Advanced Materials and Biotechnology

Thomas M. Connelly, Chief Executive Officer, American Chemical Society, USALiam Condon, Chief Executive Officer, Bayer CropScience AG, GermanyBrent Erickson, Executive Vice-President, Biotechnology Industry Organization, USAMichael Desmond, Chief Chemist, BP Plc, United KingdomSusanne Marell, Chief Executive Officer, Germany, Edelman, GermanySteven Hamburg, Chief Scientist, Environmental Defense Fund, USAJohannes Christian Wichard, Deputy Director General, Private Law, Federal Ministry of Justice of Germany, GermanyNoubar Afeyan, Managing Partner and Chief Executive Officer, Flagship Ventures, USAChristophe Schilling, Chief Executive Officer, Genomatica Inc., USAJennifer Lewis, Hansjorg Wyss Professor of Biologically Inspired Engineering, Harvard School of Engineering and Applied Sciences, USAPaul Hodges, Founder and Chairman, International eChem, United KingdomLee Sang-Yup, Distinguished Professor and Director, Korea Advanced Institute of Science and Technology (KAIST), Republic of KoreaJeffrey Carbeck, Founder, MC10, MC10 Inc., USAPolina Anikeeva, Assistant Professor in Materials Science and Engineering, MIT - Department of Materials Science and Engineering, USAKiyoshi Matsuda, Adviser, Office of the Chairman, Mitsubishi Chemical Holdings Corporation, JapanThom Mason, Laboratory Director, Oak Ridge National Lab, USAGeorge Chen Guoqiang, Professor, School of Life Sciences, Tsinghua University, People’s Republic of ChinaWalter Stahel, Visiting Professor, University of Surrey, United Kingdom

Global Agenda Council on Nanotechnology

Andrew D. Maynard, Professor, School for the Future of Innovation in Society, Arizona State University, USACarmichael Roberts, Partner, North Bridge Venture Partners, USACherie Kagan, Professor, Electrical and Systems Engineering, School of Engineering and Applied Science, University of Pennsylvania, USAChun Ai Lin, Senior Editor, Nature Nanotechnology, Nature Publishing Group, Hong Kong SARFrançoise Roure, Senior National Adviser, National Advisory Board on Industry, Energy and Technologies, Ministry of Economy, Industry and Digital Affairs of France, FranceHilary Sutcliffe, Director, MATTER, United KingdomJavier Garcia-Martinez, Professor, University of Alicante, SpainJoost Reek, Professor of Homogeneous, Supramolecular and Bio-Inspired Catalysis, University of Amsterdam, NetherlandsJulia R. Greer, Professor of Materials Science and Mechanics, California Institute of Technology (Caltech), USAKatsuhiko Ariga, Principal Investigator, MANA, National Institute for Materials Science (NIMS), JapanMarkus Antonietti, Director, Max Planck Institute of Colloids and Interfaces, Max Planck Institute for Evolutionary Biology, GermanyMarkus Kraft, Executive Director, Singapore-Cambridge CREATE Research Centre; Professor, Department of Chemical Engineering and Biotechnology, University of Cambridge, United KingdomNayef Rodhan, Honorary Fellow, St Antony’s College, University of Oxford, United KingdomPeter P. Edwards, Professor of Inorganic Chemistry, University of Oxford, United KingdomRobert Langer, Institute Professor, MIT - Department of Chemical Engineering, USASonia Contera, Co-Director, Institute of Nanoscience for Medicine, Oxford Martin School, University of Oxford, United KingdomTim Harper, Chief Executive Officer, G2O Water, United KingdomTobias Kippenberg, Professor, Ecole Polytechnique Fédérale de Lausanne (EPFL), SwitzerlandViola Vogel, Professor, ETH Zurich, Switzerland


Contact Information

Fernando J. Gómez Head of Chemistry and Advanced Materials IndustryWorld Economic Forum Direct: +41 (0)22 869 3513 Mobile: +41 (0)79 571 8290 Email: [email protected]

Alice CascioliCommunity Coordinator, Basic IndustriesWorld Economic ForumDirect: +41 (0)22 869 3507Mobile: +41 (0)79 571 8289Email: [email protected]

Kevin MaggittiProject Manager, Collaborative Innovation, Basic IndustriesWorld Economic ForumDirect: +41 (0)22 869 3884Mobile: +1 646 276 1632Email: [email protected]

World Economic Forum91–93 route de la CapiteCH-1223 Cologny/GenevaSwitzerland

Tel.: +41 (0) 22 869 1212Fax: +41 (0) 22 786 2744

[email protected]

The World Economic Forum, committed to improving the state of the world, is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business and other leaders of society to shape global, regional and industry agendas.

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