Agriculture
Innovations are enabling the world’s agricultural system to improve yields and reduce waste. New technologies such as artificial intelligence-enabled planting and harvesting; agricultural biologics; surface treatments to reduce food spoilage; bio-derived energy; and bio-based chemicals and polymers are all gaining momentum to positively affect the agriculture industry.
Energy
The world’s energy system is shifting towards sustainable supply chains, dealing with impending peak fossil fuel demand, and addressing high cost resources. Rapidly advancing battery technology, improved shale gas manufacturing techniques, cost declines in renewable energy, and new energy feedstocks are some of the key innovations enabling the adaptation of the energy industry.
Chemicals
The chemical industry links the agriculture and energy sectors to numerous, important consumer markets. End user pressures to improve sustainability and product performance are increasing focus on green chemistry, biotechnology, as well as reformulation of ingredients. In addition, the aspiration for a circular economy will require the industry to deliver new polymer systems as well as innovative packaging designs.
Advanced Materials
Advanced materials are critical for enabling a better future. Developments are creating lighter weight, better performing and more sustainable materials. Areas of intense focus include composites, carbon fibers, insulation and building materials, self-healing or “smart” materials, and longer lasting coatings.