CU’s Jennie Smoly Caruthers Biotechnology Building will be receiving $3.5 million as a gift from ConocoPhillips.
According to the news release, the donation is intended to bring together scientists and engineers who are responsible for working toward solutions in specific fields such as medicine and energy.
The release said ConocoPhillips has plans to give $2.5 million over the next two years after giving an initial $1 million in January.
The money will be directed to housing the department of chemical and biological engineering. Researchers will begin to use the building in early 2012.
The news release also said that the building seeks to promote collaborations between science and engineering.
The building will house 60 tenure-line faculty, 500 graduate students and research associates as well as undergraduates.
In the news release, Chancellor Philip P. DiStefano said that the building provides an anchor for the biosciences with the help of partners like ConocoPhillips.
“With interdisciplinary research, the possibilities for energy innovation are limitless, and ConocoPhillips is providing the foundation for this vital work,” DiStefano said.
Contact CU Independent Staff Writer Adelina Shee at Adelina.firstname.lastname@example.org.