Jul 20 2009
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Craig Venter: “This would not happen without the oil industry stepping up and taking part,”
Genomicist Craig Venter and his company Synthetic Genomics Incorporated (SGI) have entered into a $600m strategic alliance with Exxon Mobil to develop a next-generation biofuel from photosynthetic algae. Algae absorb carbon dioxide and sunlight in aqueous environments, producing an oil of similar molecular structure to contemporary petroleum products. Algal fuel can be refined, transported and distributed using existing refineries, pipelines and service stations and can run the engines of today’s automobiles and airplanes.
