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Philip Morris

Business World

Date: 19780422/P
Length: 1 page
1000229674
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Fields

Type
NEWS, NEWSPAPER ARTICLE
Area
WAKEHAM,HELMUT/KAROL SHARPE'S OFFICE
Litigation
Stmn/Produced
Named Organization
Cetus
Standard of Indiana
Site
R37
Master ID
1000229536/9811
Related Documents:
Named Person
Swearingen, J.
Author (Organization)
San Francisco Chronicle
Request
Stmn/R1-004
Stmn/R1-150
Date Loaded
05 Jun 1998
UCSF Legacy ID
vei84e00

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STANDARD OF INDIANA'S John Swearin- gen, one of the oil industry's most outspoken public defenders, devoted a good part of his talk to the Chicago company's efforts to "broaden oui base." 'Although we believe that the oil and gas busine"ss'" offers' great opportunities for the future," said Swearingen, "we are continuaII;• looking at investment opportunities outside our existing lines of business:" To date, the farthest afield Standard of Indiana has ventured was its acquisition last year of a 15 percent interest in Cetus Corp, an exotic little Berkeley research lab specializing iri bugs. - Cetus' main claim to fame is its process for speeding the• growth of antibiotic bugs. And it is hard at work on developing an organisrl7 that w•ould.reproduce many of the chemicals ~ in petroleum. . • __ • _ The ultimate payoff. would be an oitt- refining bug: Feed it crude oil and - don't.. laugh - out comes gasoline. • ,t

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