|

Business

UWI gets funding for biofuel research

Wednesday, July 13, 2011



BioJet International, a global supply chain integrator for aviation and transport industry products, has agreed to fund biofuel research at the University of the West Indies (UWI).

Yesterday, UWI and BioJet jointly announced the agreement on the project, which will take place at the UWI's Cave Hill campus located in Barbados and which is expected will lead to discoveries and commercialisation of biofuels and other renewable energy.

As a part of the agreement, BioJet including will fund research at BioJet, which offers products including renewable jet fuel, Green diesel, feedstock oil, and feedstock co-products, will also finance the creation of The UWI/Biojet International Biofuel Research Institute.

"The partnership is intended to develop UWI's capacity for research into renewable energy technologies, whether from plant, waste biomass or algae, as well as new graduate careers in energy biosciences, and those pertinent to the logistics and supply chain management of biofuel distribution," said the press statement. "An equitable sharing of intellectual property outcomes from research into microalgae for the production of biofuels and derivatives is part of the agreement."

According to Sir Hilary Beckles, Principal of The UWI's Cave Hill campus, "this agreement is one of the cornerstone science and technology projects that will undergird the transformation of our campus and the region with new career options, and serve as knowledge based platform for the creation of wealth through bioenergy research".

Mitch Hawkins, CEO of BioJet commented "We operate throughout the entire biofuel value chain and research is key to all aspects of our global competitiveness. The Caribbean is a major area of interest for our Company and we see UWI- Cave Hill as a valuable partner in the future success of our operations. The July 1st approval of ASTM International allowing 50 percent blends of aviation biofuel derived from feedstocks such as camelina, jatropha and microalgae, is a game changing decision for the worldwide transportation industry and opens up tremendous opportunities for both UWI and Biojet International".



POST A COMMENT


You must first register and then login to be able to post a comment.

HOUSE RULES

 

1. We welcome reader comments on the top stories of the day. Some comments may be republished on the website or in the newspaper – email addresses will not be published.

2. Please understand that comments are moderated and it is not always possible to publish all that have been submitted. We will, however, try to publish comments that are representative of all received.

3. We ask that comments are civil and free of libellous or hateful material. Also please stick to the topic under discussion.

4. Please do not write in block capitals since this makes your comment hard to read.

5. Please don't use the comments to advertise. However, our advertising department can be more than accommodating if emailed: advertising@jamaicaobserver.com.

6. If readers wish to report offensive comments, suggest a correction or share a story then please email: community@jamaicaobserver.com.

7. Lastly, read our Terms and Conditions and Privacy Policy, and before commenting you need to register, conveniently, by clicking the link above.



Comment (required):

You have characters left.
captcha abb7c33517174108beb4285d32617493
Enter text seen above:

For information about privacy please read our Privacy Policy.

I have read and accepted the Terms and Conditions


COMMENTS (0)

Achieving Impossible Dreams

  0 comments

 

World Bank slates promotion agencies

  0 comments

 

NCB to list in New York for US$225m

  1 comments

 

Divestment team prepares Air J's response

  1 comments

 

Let there be LEDs

  1 comments

 

Down 90% - JPS leads the way as corporate profits slide

  2 comments

 

Shareholder grills PCFS board

  0 comments

 

Ditch LNG, go green — global think tank

  0 comments

 

Current value opportunities in the market

  0 comments

 

Organisers: Don't mess with the Olympic brand

  0 comments

 

Where are Facebook's friends? Stock slide deepens

  0 comments

 

IMF calls on UK to do more to boost economy

  0 comments

 

The justice of interim payments

  0 comments

 

Budget alone won't fix the tax system

  0 comments

 

Survey backs reform plan

  0 comments

 

Eurozone warned of 'severe recession'

  0 comments

 

Oil prices hold at lows

  0 comments

 

What's your company's social media policy?

  0 comments

 

For sale: potable seawater

  0 comments

 

Argentina’s economic boom ends

  0 comments

 

Today's Cartoon


Poll

 Do you feel buying into Facebook now is a good investment for the long-run? 
Yes
No

View Results

Results published weekly in Sunday Finance


Username:
Password: