Royal Dutch Shell is hooking up with six different academic institutions in hopes to develop a better biofuel within 5 years.
Shell revealed that it has partnered with six different academic institutions in order to both research and expand biofuel development. The partnerships are expected to last between two and five years, and will be conducted at the actual institutions. The Massachusetts Institute of Technology is one of the participants, along with the University of Campinas (Brazil), and the Institute of Microbiology, Chinese Academy of Sciences.
The focus of the pairing is to look into new raw materials, and to improve biofuel production processes along with lowering the cost.
“While biotechnology has traditionally been the preserve of the pharmaceutical and fine chemical industries, but is poised to expand dramatically over the next few years,” Dr. Graeme Sweeney, Shell executive vice president of Future Fuels and CO2 said in a statement. “CoEBio3 is extremely excited at the prospect of working with Shell in this innovative program to further existing techniques in the field and develop new, ground-breaking technology.”