The Ashes

Technology, Science and other news
August 13, 2009

Martek Biosciences Inks $10 Million Dollar Deal With BP

Posted by : admin
Filed under : General

martek-logo
Martek Biosciences is a company that has been growing algae in order to convert it into biofuels.  The company recently made a $10 million deal with BP for joint development of their technology.  Martek uses fermentation to derive the fuels.  BP and Martek hope to make their research commercial in order to solve today’s biofuel problems.

Martek will pass on the research already conducted over to BP in order to scale both of the company’s efforts.  Both of the companies will return the I.P. throughout the partnership course.  However Martek will have an exclusive license to market the technology to other sectors in order to remain competitive.

This deal is similar to what deals that other major oil companies have made with biofuel companies. For example, Exxon Mobil signed a $600 million deal with Synthetic Genomics. And last year Dow Chemical and Algenol Biofuels partnered to find out how algae can turn CO2 into ethanol.

[via VentureBeat]

Tags :

No Comments

(required)
(will not be published) (required)
(opitional)

cciash.com EN ES IT DE PT CZ FR RU
June 2018
M T W T F S S
« Sep    
 123
45678910
11121314151617
18192021222324
252627282930  

Pages

Categories

Resources

There are many online poker site where you can play but at poker.hk you can play the poker games with all the knowledge you need related to the game with the poker school available in both the English and Chinese language.

Super Casino

Now you can bet on any sports and any sporting events from all the comfort from your home. Bet770 allows you to bet on any events and match with in just 3 clicks. They also offers great odds on football betting for every premier and champions league match. Get £50 free in bets when you register.

Bingo770, offering best online bingo games with £7.70 free no deposit Bonus!