Volume 85 Issue 16 | p. 24 | Concentrates
Issue Date: April 16, 2007

ConocoPhillips Funds Biofuels Research

Department: Business

ConocoPhillips will fund an eight-year, $22.5 million research program at Iowa State University to develop new technologies for producing biofuels from nonedible biomass such as stalks and leaves of corn plants. The Houston-based oil company will make an initial $1.5 million grant in 2007 to support Iowa State researchers and additional annual grants of $3 million for seven years. State officials say ConocoPhillips is especially interested in fast pyrolysis, a process that uses heat in the absence of oxygen to decompose biomass into a liquid fuel.

 
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