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Posted: 2 years ago

Gene scientist to create algae biofuel with Exxon Mobil

Courtesy of guardian.co.uk

Gene scientist Craig Venter has announced plans to develop next-generation biofuels from algae in a $600m (£370m) partnership with oil giant Exxon Mobil.

His company, Synthetic Genomics Incorporated (SGI), will develop fuels that can be used by cars or aeroplanes without the need for any modification of their engines. Exxon Mobil will provide $600m over five years with half going to SGI.

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http://www.guardian.co.uk/environment/2009/jul/14/green-algae-exxon-mobil

algae biofuel, exxon mobil

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