15
Jul
2009
ExxonMobil to invest up to $600 million in algal fuels R&D; partnership with Synthetic Genomics; biggest biofuels investment to date
Jim Lane , Biofuels Digest
What does this bode for other high-profile algae-to-energy companies?
“We think it’s good for algae, and good for us,” said Tim Zenk, VP of Corporate Affairs for Sapphire Energy. “The research collaboration announced today sends a loud and clear message that drop-in-replacement liquid transportation fuel produced from algae, above all other biologic choices, is the most viable option to replace crude oil. Algae fuels have significant environmental benefits over crude oil with lower carbon emissions, and are scalable to help nations transition to a secure energy future.”
