Biotechnology Industry Organization (BIO) President and CEO Jim Greenwood today announced that global energy group BP has become the first fully integrated energy company to become a member of BIO.
"BP is the first major integrated energy company to join BIO, signaling an important shift in fuel production that will couple biotechnology with the use of renewable agricultural feedstocks." Greenwood said.
BIO's Industrial and Environmental Section (IES) is one of four sections within BIO's governance structure; the others are Health, Food and agriculture, and Emerging Companies. The IES comprises companies that develop and utilize biotech-improved microbes or enzymes to convert agricultural crops and crop residues to biofuels, biocatalysis to produce a host of chemical and industrial goods, and enzymes for cleaner manufacturing processes.
BIO represents more than 1,100 biotechnology companies, academic institutions, state biotechnology centers and related organizations across the United States and 31 other nations.