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Every year, PRCI produces a collaborative research program aligning with the industry’s priorities by means of an annual voting ballot. Members allocate funds directly to programs of importance to their operations and business drivers.
Member Subscription & Supplemental Funding
The majority of funding for PRCI’s research programs comes from the pipeline industry through the annual subscriptions of member companies. In addition to the allocation by members of their subscriptions, members may also contribute supplemental funding to programs they determine worthy of commitment.
In 2010 alone, these combined funding sources will invest more than $7 million in the ongoing energy pipeline research program. These funds are highly leveraged, and contribute to over $20 million in pipeline research actively managed by PRCI at a given time.
Funding for the PRCI research development program is augmented by co-funding from non-member energy pipeline companies, technology development firms, and government agencies and instrumentalities. Co-funding allows non-members to participate in the selection, management, and benefits of PRCI’s technology development.