BP and DuPont Announce
Partnership to Develop Advanced Biofuels
DuPont bio-based science and BP fuels technology expertise will
bring next generation biofuels to market
BP and DuPont today announce the creation of a partnership to
develop, produce and market a next generation of biofuels to help meet increasing global
demand for renewable transport fuels.
The companies are leveraging DuPont's
world-class biotechnology and bio-manufacturing capabilities with BP's fuels
technology expertise and market know-how. By pooling their knowledge and
expertise, the two companies aim to be the world leaders in the
development and production of advanced biofuels, driving the
growth of biofuels, which today account for less than two percent
of global transportation fuels. Current projections show that
biofuels could become a significant part of the transport fuel
mix in the future - possibly up to 20-30 per cent in key markets.
The first product to market will be biobutanol, which will be introduced in the
United Kingdom as a gasoline bio-component. Initial introduction
is targeted in the UK in 2007 where BP and DuPont are working
with
British Sugar,
a subsidiary of Associated British Foods plc, to convert the
country's first ethanol fermentation facility to produce
biobutanol. Additional global capacity will be introduced as
market conditions dictate and a feasibility study in conjunction
with British Sugar is already underway to examine the possibility
of constructing larger facilities in the UK.
BP to Invest in
Biofuels Technology BP aims to invest more
than $500 million over the next 10 years in research on
advanced biofuels technology, processing and feedstocks
in order to bring new, advanced biofuels to market. |
Advanced biofuels
Working together,
two global leaders are creating the next generation of biofuels
To enable early introduction and market testing of biobutanol,
initial production will be based on existing, mature technology.
Initial production of biobutanol is targeted for the UK during
2007, where BP and DuPont are working with British Sugar to
convert the country's first ethanol fermentation facility to
produce up to 30,000 tonnes a year of
biobutanol from sugar beet feedstocks.