RadiciGroup has established a new entity called Radici InNova, a nonprofit consortium, in which the company is concentrating its strategically essential research activities.
The focus of the new company is the development of new research and innovation projects for the chemical, high performance polymers and advanced textile solutions sectors, in accordance with the RadiciGroup sustainability strategy.
Radici InNova is a further illustration of the Group’s commitment to a development model that balances economic profitability with environmental sustainability and social equity.
Pooling the internal expertise available in the business areas — RadiciGroup Specialty Chemicals, High Performance Polymers and Advanced Textile Solutions — will allow the group to take better advantage of and improve the synergies of the R&D activities in these areas.
“By sharing the know-how and the competencies of the various Group business areas, it will be possible to develop integrated advanced research projects, in accordance with our sustainability strategy and inspired by the principles of environmental protection and the circular economy, ensuring constant growth and a better future for generations to come,” explained Angelo Radici, president of RadiciGroup
The new company’s activities will be mainly directed at the development of renewably-sourced polymers offering a reduced environmental impact, the production of renewably-sourced chemical intermediates for the production of producing nylon, polyester and polyurethane and the development of circular economy solutions, with the goal of extending a product’s useful life through end-of-life recycling (ecodesign).
Radici InNova will also explore new business opportunities for RadiciGroup products, and build on existing ones. The Group’s nonwovens, for example, are now part of a new Made-in-Italy PPE production chain that has emerged during the pandemic.
Internally, the company will examine Group industrial processes with a view to further optimization in terms of enhanced sustainability and improved performance.
“Radici InNova will work in close collaboration with public and private research centers, universities and Group customers and suppliers,” said Stefano Alini, who leads the new company.
“Particularly at this stage, our goal is to contribute proactively to the restart of our industry through innovation and sustainability, two pillars of our group vision.”