BP and Martek Biosciences Enter a Joint Development Agreement to Deliver Advanced ...(llion US gallons of ethanol in 2008. Sin...)

Date:8/11/2009

llion US gallons of ethanol in 2008. Since 2006, BP has announced investments of more than $1.5 billion in biofuels research, development and operations, and has announced investments in production facilities in Europe, Brazil and the US. This includes partnerships with other companies to develop the technologies, feedstocks and processes required to produce advanced biofuels, and $500 million over 10 years in the Energy Biosciences Institute (EBI), at which biotechnologists are investigating applications of biotechnology to energy.

    Contacts:

    Martek:
    Cassie France-Kelly
    Martek Biosciences
    410-740-0081

    BP:
    BP Press Office, London:
    +44 (0)207 496 4076

Sections of this release contain forward-looking statements. These statements are based upon numerous assumptions which Martek cannot control and involve risks and uncertainties that could cause actual results to differ. These statements should be understood in light of the risk factors set forth in the company's filings with the Securities and Exchange Commission, including, but not limited to, the company's Form 10-K for the fiscal year ended October 31, 2008 and other filed reports on Form 10-K, Form 10-K/A, Form 10-Q and Form 8-K.

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SOURCE Martek Biosciences Corporation Copyright©2009 PR Newswire. All rights reserved

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