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BASF to take Nanotechnology to Asia

BASF has opened its first research center for nanotechnology in Asia. The new center in Singapore involves euro13 million expenditure up to 2008, and will employ 20 staff, mainly scientists and technicians. BASF already operates 17 development sites in Asia Pacific, but this is the first time the company is carrying out research dedicated only to nanotechnology in the region.

BASF aims to concentrate major technology-driven issues of particular relevance to the future in growth clusters: energy management, raw material change, nanotechnology, plant biotechnology and white biotechnology. These cross-sectional technologies are outside the realm of the classical disciplines and can only be brought to fruition by interdisciplinary and international cooperation. Between 2006 and 2008, a total of €800 million will be allocated for the research activities pursued within the five growth clusters. BASF’s expenditures for research and development is projected to increase to €1,150 million in 2006, representing about 18 percent or €180 million more than in 2004.

 

 
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