BP, Symyx Technologies extend R&D collaboration
19 July 2004 15:21 [Source: ICIS news]
HOUSTON (CNI)--Symyx Technologies said Monday it has extended its research and development (R&D) collaboration with BP Petrochemicals to discover “new and improved materials” for BP's commodity chemical businesses.
Santa Clara, California-based Symyx and UK-headquartered BP originally initiated a two-year research collaboration in January 2003, which is now being extended an additional year.
The focus of the collaboration will be the discovery of catalysts to produce certain commodity chemicals.
Company officials were not immediately available to respond to questions.
In a statement, Symyx said BP will continue to have exclusive rights to commercialize materials discovered by the collaboration and Symyx will receive royalties in connection with the sale of products commercialized under the agreement.
Symyx develops and applies high-throughput experimentation to the discovery of innovative materials for the chemical, life science, electronics, consumer goods, and automotive industries.
BP is one of the world's largest petroleum and petrochemicals groups.
By: Mike Sheridan
+1 713 525 2653
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