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EnviroTech :: R&D

Germany's chemical R&D budget soars past €10 billion

6:27 AM MDT | August 19, 2014 | Ian Young

The combined research budget of Germany's chemical industry soared to a record €10.5 bilion ($14.0 billion) in 2013, more than 8% higher than in the previous year, industry association VCI (Frankfurt) says. Andreas Kreimeyer, chairman of VCI's committee for research, science, and education—and a BASF board member—announced the figure at a press conference at Frankfurt today. "The employment figures in our research laboratories developed positively, too," Kreimeyer says. Almost 44,500 staff were engaged in research into new products and...

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