Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

BP-DuPont Venture Starts Production of Fuel to Rival Ethanol

BP Plc and DuPont Co. announced a joint venture to retrofit an ethanol plant in Minnesota to make a successor renewable fuel, biobutanol.

Highwater Ethanol LLC licensed the technology from the companies’ venture, Butamax, for its technology to retrofit an ethanol plant. The facility will begin the first phase of commercial production, in which corn oil will be made, in the next few months, the company said in a statement today.

“This is the next step in the road to commercialization,” Paul Beckwith, the chief executive of Butamax, said in an interview.

The production of biobutanol, which is made from corn, is important because the company says it has lower greenhouse-gas emissions than corn-based ethanol and doesn’t present the same kind of refining issues. Refiners such as Valero Energy Corp. say a drop in demand for gasoline means that the country is close to hitting the so-called “blendwall” of 10 percent mandated ethanol production.

Biobutanol, because of its chemistry, can be blended into gasoline at twice that percentage without any negative impact on automobile engines, Beckwith said.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.