BP Team with MIT for Clean Energy Research (28-Sep-07)
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Full story: BP Team with MIT for Clean Energy Research (28-Sep-07)
BP has signed a 5 year commitment to the MIT (Massachusetts Institute of Technology) Energy Initiative; the pair aim to explore ways of transforming materials such as coal into electricity, liquid fuels and chemicals with the hope of slashing carbon dioxide emissions.
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CAMBRIDGE, Mass., Sept. 28, 2007 -- BP became a founding member of the Massachusetts Institute of Technology Energy Initiative this week to explore energy conversion of low-carbon feedstocks.
The pair plan to study ways of transforming materials such as coal and petcoke into electricity, liquid fuels and chemicals to slash carbon dioxide emissions. The MIT Energy Initiative was created last year to fight global energy problems.
"Conversion technologies will play a critical role in regional energy security and will provide access to clean energy sources in both the developed and developing world," said Bob Malone, BP's chairman and president. "The BP-MIT Advanced Conversion Research Project is a natural research extension to our successful executive development programs at MIT."
The research program will study several lines of research, including fueks market and policy analysis, gasification technology development, converting synthesis gas to liquid fuels, synthesis gas cleanup and decarbonisation.
BP will support 10 BP-MIT Energy Fellows each year during its five year commitment. Total funding for the program and associated commitments is at least $5 million per year.
Earlier this year, BP awarded University of California, Berkeley, a $500 million biofuels research grant.
- Source: GreenBiz.com
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