IHS Chemical Week

Industry Maintains Spending on Long-range Research

2:52 PM MST | December 6, 2011 | Alex Scott

BASF: Benefiting from the use of LRI in its development of nanomaterials. The chemical industry will maintain its Long-range Research Initiative (LRI) spending of about €10 million ($13.4 million) for 2012. The program promotes 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...

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