crobtex

Real nice of them to take an interest..........
Rekon they want to be sure they get a share of, AND a little price control on bio?

B.P. gives Cal $500 million to develop new biofuels

By Richard C. Paddock, Times Staff Writer
3:06 PM PST, February 1, 2007


British Petroleum will give $500 million to a partnership led by UC Berkeley to develop new "biofuels" and reduce environmental harm caused by the use of fossil fuels, Gov. Arnold Schwarzenegger and company officials announced today.

UC Berkeley will team up with the University of Illinois at Urbana-Champaign and the Lawrence Berkeley National Laboratory to develop fuel from plants, improve the extraction of oil from reserves, and find ways to keep carbon from entering the atmosphere.

Officials said the founding of the Energy Biosciences Institute is an unprecedented effort to find clean, sustainable sources of energy and reduce the emission of greenhouse gases that are believed to be causing global warming.

"This is great news for California and great news for America," said Schwarzenegger, who had pledged $40 million in state funds if a California university received the award.

"This is the first research laboratory dedicated to the development of alternative fuels. We will be the world center for biofuels research. We are not waiting for a clean energy revolution," added the governor, who signed legislation last year to curb the emission of greenhouse gases into the atmosphere. "We are the leaders in that revolution."

XLR8R

After all of the ethanol hubbub, it's only to be expected that the diesel fuel market will experience the same type of activity... it's all about the $$$ !

taildragger

One thing that always makes me laugh is that people want to have biofuels, but for some reason they do not want any of the energy companies to be involved. So why does it seem like BP is just out for a profit (other than the fact that they are) and that they are trying to control the market. If it was just up to people like bio-Willie to develop bio-fuels, then they would never really take off, they would just be a "I feel better about things" fuel with no real effect on the market. If it weren't for companies like BP, then we would probably just be stuck using corn for biofuels (which is way the heck too expensive). The fact is that if we want biofuels en masse, then its going to be through them. They are the ones pushing for biofuels from algae, or switchgrass (amongst other things). Without them, no one is going to through in enough capital for biofuels to take off.

Just my .02

John Faughn

I know somebody that installs the computer end of the systems , he goes all over the world , in the US only the farmers are processing , at least thats the info he has , anybody heard of a oil company that has a plant opperating ?
Texas is trying to shut down Bio-***** .

infidel

In the end the oil companies will have to be involved since they own the pipelines.