Biotech Updates

BP Announces $500 Million Dollar Institute for Biofuels Research

February 2, 2007

The oil giant BP announced recently its contribution to plant molecular biology: a new $500 million biofuels institute to be built at the University of California (UC), Berkeley. UC Berkeley beat out four other research powerhouses in the competition for the institute: UC San Diego, MIT, Imperial College London and the John Innes Center. Details of the Energy Biosciences Institute (EBI) are still being decided, but the basic outlines of the partnership have been sketched out. A new building will be erected by UC Berkeley for the institute to house UC Berkeley researchers and faculty, many yet to be hired. The main focus will be making new biofuels for automobiles, although researchers will also pursue biological studies related to using microorganisms for carbon sequestration and fossil fuel recovery.

The news article can be read at http://sciencenow.sciencemag.org/cgi/content/full/2007/201/1.