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April 2004

Trends and Resources

HP Impact: Focus of R&D funding shifting; modest gains forecast for 2004

Total R&D expenditures in the US are expected to increase 2.5%. This total is forecast to reach $291 billion in 2004 vs. $283.8 billion spent in 2003, according to data from Battelle (www.battelle.org..

Hydrocarbon Processing Staff: Weirauch, Wendy
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