Word: exxon
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...distribution of Exxon's funds allows the scientists much flexibility, Sarofim said. Twenty per cent of the total spent on designated projects will be available to the MIT scientists "for use as they see fit for combustion science research," he added...
...will also sell the patent rights to other companies, and Exxon will receive about half of the royalties...
...Exxon first proposed a long-term research agreement in 1978, Brian Dugan, a spokesman for Exxon, said yesterday...
...added that the industry chose combustion for long-term research because of the work of Sarofim and John P. Longwell, an MIT professor of engineering. Longwell had worked for the Exxon Research and Engineering Company for 34 years...
Sarofim said he believes the current agreement reflects both Exxon's interest in fostering public programs and its responsibility to its stockholders...