(As noted below, BP has been and continues to be a huge supporter of the MIT Energy Club and Conference as well).
The MITEI/BP collaboration includes support of MITEI itself as well as the establishment of a new MIT research program entitled the "BP-MIT Advanced Conversion Research Project". This program will focus on the conversion of low-value feedstock such as petcoke and coal to high-value products such as electric power, liquids fuels, and chemicals, while minimizing carbon dioxide emissions.
The core research thrusts of the Project are:
- Simulation of feedstock conversion/decarbonisation processes
- Multiscale simulation of gasification
- Syngas cleanup and upgrade
- Gasification technology development
- New processes for converting syngas to liquid fuels
- Process integration and design for operability
- Fuels market/policy analysis
As a Founding Member of MITEI, BP will also:
1.) Financially support MITEI's Energy Research Seed Fund program, which will provide funding for novel MIT energy research, and;
2.) Fund 10 "BP-MIT Energy Fellows" each year of its 5-year commitment. For reference, a typical graduate student tuition and stipend cost is ~$50,000/year.
BP has also been an invaluable supporter of the MIT student energy community: BP was an MIT Energy Club sponsor last year and continues as a sponsor this year, and is a "Title Sponsor" (highest level of support) of the MIT Energy Conference this year as well.