Press Release: Mergers: Commission approves proposed creation of biobutanol production technology joint venture between BP and Dupont

The European Commission cleared under the EU Merger Regulation the proposed creation of a joint venture between BP Biofuels North America LLC and E.I. du Pont de Nemours and Company (DuPont), also of the US. The joint venture would be active in the development and commercialisation of production technologies for biobutanol, a fuel component produced from biomass. The Commission concluded that the transaction would not significantly impede effective competition in the European Economic Area (EEA) or any substantial part of it.