DuPont, BP receive OK for biofuel venture

DelawareOnline.com
From staff and wire reports • July 10, 2009

DuPont and BP said Thursday that European Union officials have approved a joint venture to develop and produce what they termed a new generation of biofuels to help meet demand for renewable fuels with reduced greenhouse gas emissions.

The two corporate giants have been working together since 2003 to develop advanced biofuels with properties that can help overcome the limitations of current biofuels, in part their reliance on corn-based additives. They formed a partnership in 2006 to focus on the work.

Read the full story