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BP and Martek Biosciences Enter Joint Development Agreement to Deliver Advanced Biodiesels
Date:8/11/2009

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  • Access to a wide variety of biomass feedstocks such as sugarcane, sugarcane waste (bagasse), energy grass and woodchips, which can be produced at scale and in high yield.
  • Use of sustainable, non-food, plant biomass as its feedstock.
  • Ability to tailor the product for a variety of diesel and jet-fuel needs.
  • Reduced exposure to vegetable oil price.

    • Martek
    Martek Biosciences Corporation (NASDAQ: MATK) is a leader in the development and production of high-value oils from algae and other microbial sources. Martek's lead products are DHA and ARA oils developed and produced using patented technology. DHA omega-3 products promote health and wellness through every stage of life and ARA omega-6 products support growth and development in infants. The company produces life'sDHA™, a sustainable and vegetarian source of DHA omega-3 for use in foods, beverages, infant formula, and supplements, and life'sARA™, a sustainable and vegetarian source of ARA omega-6 for use in infant formula and growing-up milks. For more information on Martek Biosciences, visit www.martek.com. For more information on products containing life'sDHA and life'sARA, visit www.lifesdha.com.

    BP
    BP is of one of the world's largest energy companies, providing its customers with fuel for transportation, energy for heat and light, retail services and petrochemicals products for everyday items. It is the largest oil and gas producer in the U.S. and one of the largest refiners. BP also has a global network of around 22,000 service stations.

    BP is a leading player in the global biofuels market. In the
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