News Item: : ExxonMobil to Launch Biofuels Program
(Category: Biofuels - Alcohol / Ethanol / Methanol)
Posted by Hemp4Fuel
Tuesday 28 July 2009 - 16:20:51
http://www.rdmag.com/New-To-Market/2009/07/ExxonMobil-to-Launch-Biofuels-Program/
Exxon Mobil Corporation announced an alliance with biotech company, Synthetic Genomics Inc., to research and develop next generation biofuels5 from photosynthetic algae. ExxonMobil Research and Engineering Company has entered into a research and development alliance with SGI, a privately held company focused on developing genomic-driven solutions and founded by genome pioneer, Dr. J. Craig Venter, to develop advanced biofuels from photosynthetic algae that are compatible with today’s gasoline and diesel fuels. Under the program, if research and development milestones are successfully met, ExxonMobil expects to spend more than $600 million, which includes $300 million in internal costs and potentially more than $300 million to SGI.
[Submitted by KEVswr]
This news item is from Hemp4Fuel.com
( http://hemp4fuel.com/news.php?extend.209 )
(Category: Biofuels - Alcohol / Ethanol / Methanol)
Posted by Hemp4Fuel
Tuesday 28 July 2009 - 16:20:51
http://www.rdmag.com/New-To-Market/2009/07/ExxonMobil-to-Launch-Biofuels-Program/
Exxon Mobil Corporation announced an alliance with biotech company, Synthetic Genomics Inc., to research and develop next generation biofuels5 from photosynthetic algae. ExxonMobil Research and Engineering Company has entered into a research and development alliance with SGI, a privately held company focused on developing genomic-driven solutions and founded by genome pioneer, Dr. J. Craig Venter, to develop advanced biofuels from photosynthetic algae that are compatible with today’s gasoline and diesel fuels. Under the program, if research and development milestones are successfully met, ExxonMobil expects to spend more than $600 million, which includes $300 million in internal costs and potentially more than $300 million to SGI.
[Submitted by KEVswr]
This news item is from Hemp4Fuel.com
( http://hemp4fuel.com/news.php?extend.209 )