BP goes BIO, joins Biotechnology Industry Organization
"BP is the first major integrated energy company to join BIO, signaling an important shift in fuels production that will couple biotechnology with the use of renewable agricultural feedstocks. Twenty years of research in genomics, proteomics and bioinformatics is now paying off, and industrial biotechnology is the enabling technology behind this shift," Greenwood said.
BP also announced a $500 million Energy Biosciences Institute where the company will research into long-term alternative energy sources.
[Source: Biotechnology Industry Organization]
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