VC Welcomes Centre of Excellence for Bio-refining
Later today (Tuesday 15 February 2011), Swansea University's Vice-Chancellor, Professor Richard B Davies will welcome BEACON - a £20 million initiative that aims to build a 'bio-based economy' in Wales.
Speaking ahead of the launch event, to be held at the Senedd in Cardiff Bay, Professor Davies said: "Strong, internationally networked R&D platforms are recognised by the WAG Economic Renewal Programme as vital infrastructure elements of a modern knowledge economy.
"BEACON is a superb and timely example of how universities can mobilise their research expertise and the talent for innovation of their staff to address the current R&D deficit in Wales.
"Oil refining and oil products were once an important part of the industrial economy of the Swansea region. We are therefore particularly delighted that Swansea University will be supporting the development of a new wave of companies for which sustainable biomass replaces oil."
This news item has been generated by Mari Hooson, Swansea University Public Relations Office, Tel: 01792 513455 or email email@example.com.