Project Implementation Amid daunting challenges of 2022, the IRPC Innovation Center saw through 9 innovation research and development projects in Core Uplift and Adjacent Business categories resulting in commercial products ready for launch in the market. The successful R&D projects together created an added value of Baht 42.5 million. Among those innovative products are acrylonitrile-butadiene-styrene (ABS) SR302 6F40 suitable for sheet extrusion that can be used in the manufacture of refrigerator cabinets. This type of ABS has good mechanical properties and meets international food and drug standards. Another new product high-density polyethylene (HDPE) C2936 B026 for the production of cable spacers with high voltage resistance, the first to be approved and certified by the Provincial Electricity Authority, etc. In addition, the Innovation Center initiates new R&D projects continually and systematically in order to develop and addmore high-grade specialty products to the company’s portfolio. At present, there are many projects in the R&D pipeline worth up to Baht 300 million, at varying stages of development. To push through innovation R&D to create a Step Out Business in De novo Research, consisting of 5 programs: Nanomaterials and Nanocomposites, Materials for Advanced Battery, Materials for Electronics, Advanced Materials and Chemicals, and Advanced Devices. Currently, most of the projects are in the analytical testing laboratory level for technical feasibility or technology Readiness Level, TRL Level 4. At present, there are 6 R&D projects in the Sandbox stage, namely ZnO Micronutrient Fertilizer, Conductive Ink and Graphene, 3D Printing, Silver Nano, Technology Enablement for Solar Energy and Chemical for protective coating. Details and progress statuses of some of the projects are as follows: In 2022, ZnO REINFOXX Fertilizer or “White Bear Fertilizer” generated sales volume of 10,000 liters, following awareness campaign among farm owners and operators through hands-on approach putting the product to use to actually see results. IRPC established a learning center and integrated agro-tourism at Yai Da Garden "Jae Boonchuen," or IRPC Smart Farming, as a demonstrative project for learning that benefits the community and farmers throughout the country in a sustainable manner. A new ready-to-use product has been launched under the trade name "Ready Bear" to add convenience to users. 118 56-1 One Report 2022 IRPC PUBLIC COMPANY LIMITED
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