Boğaziçi University is continuing to work at full speed on a green and sustainable future. İstanbul Microalgae Biotechnologies Research and Development Center (İMBİYOTAB), which began working in 2017 in the Sarıtepe Campus, is now building the first carbon negative biorefinery of Europe to do studies on algae. The project titled "Integrated Biorefinery Concept for Bio-economy Driven Development" and led by Dr. Berat Haznedaroğlu from the Institute of Environmental Sciences of Boğaziçi University is also backed by the Competitive Sectors Program, which is designed to balance the regional differences across Turkey and promote economic development, and coordinated by the Ministry of Industry and Technology, the Directorate General for European Union and Foreign Affairs, and EU Financial Programs Department. İMBİYOTAB also signed a cooperation agreement with Turkish Airlines to produce domestic bio-jet fuel.