Rohm and Haas Spends Half Of R&D Budget On Sustainability Efforts
Rohm and Haas Company will spend $150 million – roughly half of its nearly $300 million 2007 R&D budget – for sustainability efforts, including new product development, energy efficiency and process improvements. Many of the new products are intended to help transform traditional industrial applications to more sustainable, water-based acrylic technology, including home building insulation, road/highway marking paints, and industrial paints and coatings, according to the company.
“Rohm and Haas is dedicated to bringing greener, safer materials to the mainstream market,” said Gary Calabrese, Chief Technology Officer, Rohm and Haas. “The company was founded on the principle of continual innovation, and we expect that demand for environmentally advanced materials will continue to grow. The fact that we are devoting half of our R&D budget to environmentally advanced projects is a strong demonstration of our commitment.”
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