SEATTLE, Dec. 10, 2019 /PRNewswire/ -- BP (NYSE: BP)
and Arzeda, the Protein Design Company™, are pleased to announce
they have entered a second extended collaboration agreement for
developing a bio-process for production of a renewable chemical of
high strategic and industrial interest to BP.
After successful completion of the first phase of the project,
the companies have chosen to enter the second phase with the aim to
accelerate progress towards commercialization of the target
chemical by building on the two companies complementary
technologies and core competencies. Arzeda reached a major
deliverable in the previous engagement, which set the stage for BP
to move to this extended agreement.
Arzeda is excited to again be working with a leading energy and
chemical company with a commitment to low-carbon solutions that
contribute to a more sustainable future. Bringing to market
bio-based products require simultaneous advances in multiple
technologies, including the key catalysts, or enzymes. Arzeda's
protein design technology, Archytas™ is uniquely positioned to
enable improved enzymes that drive the production of new products
with attractive performance and economic value.
Alexandre Zanghellini, Arzeda's
CEO, commented, "A returning partner is a tremendous validation of
our technology and the collective effort of the Arzeda and BP
teams. We look forward to continue building value for BP and the
next equally fruitful collaboration!"
About Arzeda
Arzeda is harnessing the power of computational protein design
to build novel enzymes and discover new pathways that enable cost
effective, sustainable production of value-added specialty
chemicals and ingredients. In partnership with Fortune 500
companies and industrial leaders, the company has developed a
portfolio of enzymes that increase the efficiency, robustness and
diversity of biological processes. Our proprietary pathway design
software unlocks new opportunities for specialty chemicals,
advanced materials and health and nutrition products that would
otherwise be impossible to exploit.
More information is available at www.arzeda.com.
About BP
- BP is committed to a lower-carbon future, aiming to reduce
greenhouse gas emissions in its operations, improve its products
and services to help customers lower their emissions, and create
new low-carbon businesses.
- Technology is ever-present in all that we do – from safely
discovering and recovering oil and gas, to renewable energy,
digital and lower-carbon fuels and products. We seek innovations
that help to make our operations and products more efficient and
sustainable.
- We have scientists and technologists at eight major technology
centers in the US, UK, Asia and
Germany. We complement our
comprehensive research capability with external collaborations that
provide a cross-cutting range of specialities, supported by
innovative academic programs.
For more information, please visit: www.bp.com/technology
Media Contact:
Leigh Fritz
Director of Business
Development
leigh.fritz@arzeda.com
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SOURCE Arzeda