A couple of days ago we posted an article on Broken Beaker about algae possibly being an alternative source for jet fuel. Well apparently, Exxon Mobil thinks that algae derived Bio fuels could be a thing of the future, because today they announced they have $300 million dollar deal with Synthetic Genomics. What does Synthetic Genomics do? Their goal is to start looking for a genetically modified species of algae that will be able to produce commercially viable quantities of fuel. Whenever Exxon Mobil throws money at a "green energy alternative", that's a big deal. Read the article here! [Link]
Wednesday, July 15, 2009
Exxon investing in Algae
A couple of days ago we posted an article on Broken Beaker about algae possibly being an alternative source for jet fuel. Well apparently, Exxon Mobil thinks that algae derived Bio fuels could be a thing of the future, because today they announced they have $300 million dollar deal with Synthetic Genomics. What does Synthetic Genomics do? Their goal is to start looking for a genetically modified species of algae that will be able to produce commercially viable quantities of fuel. Whenever Exxon Mobil throws money at a "green energy alternative", that's a big deal. Read the article here! [Link]
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