News
Exxon to Invest Millions to Make Fuel From Algae
July 13, 2009 /
The oil giant Exxon Mobil http://www.exxon.com , whose chief executive once mocked alternative energy by referring to ethanol as “moonshine,” is about to venture into biofuels.
On Tuesday, Exxon plans to announce an investment of $600 million in producing liquid transportation fuels from algae — organisms in water that range from pond scum to seaweed. The biofuel effort involves a partnership with Synthetic Genomics, a biotechnology company founded by the genomics pioneer J. Craig Venter.
By JAD MOUAWAD
Full Story: http://www.nytimes.com/2009/07/14/business/energy-environment/14fuel.html?_r=1&ref=global-home
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Posted in: Energy and Climate Change
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