Ideas to action itemsProposal and Screening Action Synergies Items with existing biz Marketability Experiences Economics
Innovative Ideas… How to deal with the Ideas outside the boundaries?Boundaries Different process required
Proposal & Development New Ideas Business Outside the boundaries Evaluating IncubatingResearching
Proposal & Development As a petrochemical company with high usage of energy, HCC has long carried out energy saving measures At some point, no further cost reduction seemed possible New approach employed: Reviewing the process backward to Indentify essential unit operations and energy inputs Bold ideas: Bypass, Cut-off, RemovalEnergy Saving ActivitiesSignificant energy savings achieved using such ideas!
Proposal & Development A challenging task to reduce cost in afacility consuming more than 2 mil MWh electricity: What to do? A bold questions: Can we change source? Why purchase power? An innovative Idea: Let’s build and own a power plant! Power Industry Acquiring Biz Plan Plant? Research Permit Construction The power plant has been supplying electricity with competitive price!
Proposal & Development concerns overCO2 emission from Coal-fired power plant and its effect on the climate change: How to mitigate? A bold question: Why stick to fossil fuels? An innovative idea: Let’s enter into Solar energy biz Solar Industry 30 MW M&A Developing Energy? Research Cell Factory Module PolySi Biz Producer Successfully entered into Solar Business!
Proposal & DevelopmentHanwha Chemical has proprietary super-critical water reaction technologies for treatment of waste water A bold question: Why only for water treatment? An innovative idea: Nano-material Nano Cathode Pilot Plant PlanningMaterial Material R&D & Market Develop & Evaluation Acquiring Pilot Plant Application CNT R&D & Market under a Venture development Develop
Concluding remarks Recognizing implied innovation as key evaluation criteria as well as immediate economic pay-off Strengthening business resources to develop the rough ideas Building trust relationship between employees and management