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
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.
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.