Tuesday, August 11, 2009

BP Enters Biofuels Joint Devt Pact With Martek Biosciences

LONDON (Dow Jones)--BP (BP.LN) and Martek Biosciences Corporation, Tuesday announced the signing of a joint development agreement, or JDA, to work on the production of microbial oils for biofuels applications. The partnership combines a broad technology platform and operational capabilities to advance the development of a step-change technology for the conversion of sugars into biodiesel.

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Source: Wall Street Journal - Business

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