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August 20th, 2007
German chemical firm BASF reportedly intends to lift research spending
German chemical engineering company BASF AG plans to raise its research and development spending, executive director of the company's chemicals unit Stefan Marcinowski tells German magazine Euro in an interview to be published Wednesday.
He also says that as of 2015, between EUR2 billion and EUR4 billion euros in annual sales are targeted from the newly defined research areas of raw material change, energy efficiency, nanotechnology, white biotechnology and plant biotechnology.
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