At Stepan, our innovation initiatives are guided by our Corporate Vision—“Innovative Chemical Solutions for a Cleaner, Healthier, More Energy-Efficient World.” Stepan works closely with customers to meet the needs of a growing population and families with increased disposable income, while recognizing our responsibility to conserve energy and use resources wisely. We have redefined our innovation process and culture by establishing key-enabling systems to drive and manage our innovation portfolio. Opportunities are identified through market needs and trends assessment exercises involving our customers and multidisciplinary teams. They are then screened through proof-of-concept and guided through a phase gate process toward a commercial product.
Approximately 40% of Stepan’s R&D resources are deployed to support strategic innovation programs and partnerships.
Novel Feedstock Program
The objective of Stepan’s feedstock program is the identification of raw material that may be produced from non-traditional sources, such as corn and cane. These raw materials may then be further converted to consumer product ingredients. Taking advantage of the biotechnology revolution, Stepan is working with suppliers to design products capable of satisfying our customers’ future needs and performance criteria.
Stepan’s collaboration with Elevance has resulted in many new projects being added to our Innovation portfolio and provided us an advanced look at a new state-of-the-art technology.