Thursday, September 27, 2007
U.S. Department of Commerce Awards Metabolix $2 Million
CAMBRIDGE, Mass., Sep 27, 2007 -- Metabolix, Inc. (NASDAQ: MBLX), a bioscience company focused on developing clean, sustainable solutions for plastics, fuels, and chemicals, announced today that it has received an Advanced Technology Program (ATP) award from the U.S. Department of Commerce's National Institute of Standards and Technology (NIST). The $2 million award will be used by Metabolix to develop a commercially viable process for producing biobased chemicals from renewable agricultural products, rather than from fossil hydrocarbons such as oil or coal. Link.