Metabolix, Inc., of Cambridge, Mass., and BP have agreed to a joint development program to develop renewable and biodegradable plastics.

The two-year collaboration will include BP's newly formed olefins and derivatives (O&D) petrochemical subsidiary. The agreement will research and develop grass crops containing high levels of naturally grown polymers which
can be used to produce biodegrading plastic materials. A co-product of the process would be advantaged biomass material which can be converted to energy.

BP will provide financial support for the program as well as full-time staff over the two-year period starting February 14, 2005. In addition, the companies will explore commercial options to exploit any technology that results from the collaboration.

Source: Company Release