The Car and Truck Fleet and Leasing Management Magazine

BP Finances Major Clean Energy Research Project

February 04, 2007

BERKELEY, Calif. --- Energy giant BP announced it is giving $500 million to a research partnership, headed by the University of California at Berkeley, to produce cleaner energy and develop biofuels. UC Berkeley's project partners are the University of Illinois Urbana-Champaign and the Lawrence Berkeley National Laboratory. This partnership, called the Energy Biosciences Institute, will also conduct research focusing on three key areas: conversion of heavy hydrocarbons to clean fuels, improved recovery from existing oil and gas reservoirs, and carbon sequestration. Dedicated facilities on the campuses of UC Berkeley and the University of Illinois will house the institute's research labs and staff. The Lawrence Berkeley National Laboratory will carry out supporting research. "This program will further both basic and applied biological research relevant to energy," said BP Group Chief Executive John Browne. "In short, it will create the discipline of energy biosciences. The institute will be unique in both its scale and its partnership between BP, academia and others in the private sector."
Twitter Facebook Google+


Please note that comments may be moderated. 
Leave this field empty:

Fleet Incentives

Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.

Sponsored by

A specialized form of leasing wherein some or all fleet costs are estimated in advance, then budgeted and billed by the fleet management company with periodic invoices (usually monthly).

Read more

Fuel Saving Strategies Survey

View our 2008 survey to benchmark your fleet's fuel and green strategies with other fleets.

Fuel Calculator

A managed fuel program can help you save time and money and gain control over the way you fuel your vehicles. Determine your potential savings by using our fuel calculator.
Launch Fuel Calculator 

Fuel Prices

U.S. Gasoline and Diesel Fuel Prices.

Launch Fuel Prices 

Up Next

More From The World's Largest Fleet Publisher