PCM briefing: BASF expands R&D presence in South Asia; Viessmann, Aldi Nord team up on ice-based TES system
Ben Welter - Friday, March 10, 2017
• BASF Group opened its Innovation Campus Asia Pacific in Mumbai this week, dramatically expanding its research and development presence in India. BASF expects to invest 50 million euros in the campus, making it the company's largest R&D investment in South Asia. BASF Venture Capital, meanwhile, is investing in the U.S. renewable chemistry firm P2 Science.
• The heating and cooling technology company Viessmann and the food retailer Aldi Nord have developed a new cooling and heating system that employs propane heat pumps, photovoltaics and ice storage. The ESyCool system, designed to reduce energy costs by 15 percent and reduce life-cycle costs, will be installed in 10 Aldi Nord stores in Germany.
• Registration is open for the 2017 New Product Development and Innovation in the Chemical Industry summit, to be held April 26-27 in Berlin. Speakers include Stephan Altmann, head of innovation excellence at BASF, and Olivier Magnin, technology director for Europe, the Middle East and Africa at DuPont Performance Materials.