At the 2024 ADI Forum, Uday Turaga, CEO, ADI Chemical Market Resources, highlighted the pivotal role of innovation in the plastics and polymers industry. He presented research demonstrating that innovation and R&D-driven business models consistently led to higher total shareholder returns compared to other strategies. Turaga emphasized that companies excelling in new product development, such as in catalysis or specialty polymers, generally achieved superior financial performance, underscoring innovation’s importance in the sector.
Turaga also stressed that regulatory pressure was a key driver for innovation. He shared an example of how innovation in catalyst technologies allowed the diesel industry to drastically reduce sulfur content with minimal cost impact, effectively meeting stringent regulations. This demonstrated that innovation was crucial for achieving sustainability goals and overcoming regulatory challenges within the chemical industry.
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ADI is a prestigious, boutique consulting firm specializing in oil and gas, energy transition, and chemicals since 2009. We bring deep expertise in a broad range of markets where we support Fortune 500, mid-sized and early-stage companies, and investors with consulting services, research reports, and data and analytics, with the goal of delivering actionable outcomes to help our clients achieve tangible results.
We also host the ADI Forum that brings c-suite executives together for meaningful dialogue and strategic insights across the oil & gas, energy transition, and chemicals value chains. Learn more about the ADI Forum.
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