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Mendel Biotechnology, Inc. Announces Collaboration With BP on Biofeedstocks


6/13/2007 12:50:16 PM

HAYWARD, Calif.--(BUSINESS WIRE)--Mendel Biotechnology, Inc. (“Mendel”) and BP have entered into a collaboration to develop biofeedstocks for the production of cellulosic biofuels. In addition to funding the five-year biofuels research program, BP will become a shareholder of Mendel with representation on Mendel’s Board. Working with BP, Mendel aims to be at the forefront of seed supply into the future energy grass seed market. Mendel has already established a breeding program for perennial grass variety improvement and will accelerate this program in collaboration with BP. Mendel will establish breeding stations in the Midwest and the Southeast United States, and accelerate breeding collaborations with groups in Germany and China.

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