Wednesday, July 15, 2009

algenol biofuels - ExxonMobil and Synthetic Genomics Inc join hands

ExxonMobil one of large non-renewable petroleum oil giant join hands with Synthetic Genomics Inc. to develop bio fuel from photosynthatic algae. This is one of a major strategy changes of ExxonMobil after environmentalist risen voice over their dismissing concerns about global warming in the past and its reluctance to develop renewable fuels.

With the massive budget of 600 million of us dollars this project is likely to be the biggest bio fuel R&D project.

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