ExxonMobil to grow algae for oil

US supermajor ExxonMobil is seeking to create a “new source of oil” in its $600 million algae-to-gasoline development project and stands ready to invest billions of dollars if the research succeeds.

Black gold goes green: ExxonMobil invests in research to convert algae to biofuels.
Black gold goes green: ExxonMobil invests in research to convert algae to biofuels.
Published 14 July 2009, 21:19Updated 10 October 2016, 13:10
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