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Exxon Mobil Bets on Biofuels
Exxon Mobil(XOM Quote) has teamed with Synthetic Genomics in a $600 million partnership to research and develop next generation biofuels from photosynthetic algae.
"This investment comes after several years of planning and study and is an important addition to Exxon Mobil's ongoing efforts to advance breakthrough technologies to help meet the world's energy challenges," said Emil Jacobs, vice president of research and development at ExxonMobil Research and Engineering, in a statement Tuesday.
Synthetic Genomics is a privately held company founded by genomics pioneer J. Craig Venter. ...
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