Saturday, October 22, 2011

Energy Bulletin: Exxon Algae Biofuel partnership and challenges

Trouble in the algae lab for Craig Venter and Exxon

Steve LeVine, Foreign Policy
A much-trumpeted partnership of one of today's most celebrated scientists and the world's largest publicly traded oil company seems stalled in its aim of creating mass-market biofuel from algae, and may require a new agreement to go forward. The disappointment experienced thus far by scientist J. Craig Venter and ExxonMobil is notable not only because of their stature, but that many experts think that, at least in the medium term, algae is the sole realistically commercial source of biofuel that can significantly reduce U.S. and global oil demand.
archived October 21, 2011

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