ExxonMobil to Spend $600 Million on Next Generation Biofuels Program

ExxonMobil has partnered with biotech company Synthetic Genomics Inc. (SGI) to research and develop next generation biofuels from photosynthetic algae.
ExxonMobil Research and Engineering Company has entered into a research and development alliance with SGI, a privately held company focused on developing genomic-driven solutions and founded by genome pioneer, Dr. J. Craig Venter, to develop advanced biofuels from photosynthetic algae that are compatible with today
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