Ecoist Abode Article

Exxon making large investment in biofuels

 
Exxon is planning a $600 million investment in biofuel through a strategic partnership Synthetic Genomics to develop transportation fuels from algae.  Algae is considered a sustainable source for second generation biofuels, which go beyond corn based ethanol into nonfood sources such as switchgrass and wood chips.

Despite record-breaking profits Exxon 
has been criticized by environmental groups, members of Congress and even shareholders for not spending enough to explore alternative energy options.

One of the company's requirements was finding a biofuel source that could be produced on a large scale. It says photosynthetic algae appears to be a viable, long-term candidate. If the alliance is successful, pumping algae-based gasoline at Exxon service stations is still several years away and will mean additional, multibillion-dollar investments for mass production.

"This is not going to be easy, and there are no guarantees of success," Emil Jacobs, a vice president at Exxon Mobil Research and Engineering Co., said in an interview with The Associated Press. "But we're combining Exxon's technical and financial strength with a leader in bioscientific genomics."


Print  
 
Related Ecoist Abode Articles & News

Could smelly kitchen grease fuel your next airline flight?

 
Cooking oil is being purified and used as jet fuel.
 

US Military turning to Biofuels

 
The US military is turning to biofuels for the future searching for ways to limit dependence on foreign oil.
 

Solar Power reaching more and more people

 
Solar power is becoming a more viable option for the masses these days as companies such as Green Mountain and Google are promoting huge public service movements on the solar energy platform.
 

Despite soft world economy, Wind Energy still advancing

 
Despite the softening world economies wind energy projects have remained popular and in demand. Global wind turbine markets have weathered recent economic storms with remarkable aplomb.
 

Google making large investments in Green Energy projects

 
Google is making a stand for the environment and backing a large green energy project.

Sponsored Links

Ecoist Ads
Ecoist Ads


Ecoist Abode  |  Going Green  |  Green Energy  |  Recycling  |  Climate Change  |  Hybrids  |  Other
The Ecoist Abode - complete information on Going Green, Green Energy, Recycling, Climate Change, Hybrid Cars and Other Environmental Tips and Ideas.

 
Home  |  About Ecoist Abode  |  Ads  |  Contact Us  |  Links  |  Site Map
Ecoist Abode © 2007 - 2012
Active Users on Ecoist Abode --> 2

Website Design by XpertFx