IHS Chemical Week

EnviroTech :: Biotech

Industry Maintains Spending on Long-range Research Initiative (LRI)

5:26 AM MST | November 18, 2011 | Alex Scott in Brussels

The chemical industry will maintain its spending of about €10 million ($13.4 million) over 2012 for its Long-range Research Initiative (LRI), a program to promote scientific understanding about chemicals within the context of human health and the environment. “Even through the financial crisis [funding for] the LRI program is stable,” says Gernot Klotz, executive director/research and innovation for Cefic. The program has support from the highest level of the chemical industry and also is welcomed by regulatory bodies including the European...

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