Eight years after agreeing to fund research to develop next-generation biofuels fromphotosynthetic algae, ExxonMobil Corp. said Monday it reached a breakthrough with partner Synthetic Genomics Inc. that more than doubled the oil content from an algae strain without significantly inhibiting its growth.
Genomics
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ExxonMobil to Invest Millions in Algae Biofuel Research
ExxonMobil Corp. took a sharp strategic turn toward renewable energy research on Tuesday, announcing an alliance with Synthetic Genomics Inc. (SGI) to research and develop next-generation biofuels from photosynthetic algae.
July 15, 2009