The Exxon algae biofuel news of last week certainly created a nice headline for the industry, generating awareness and interest in a green energy solution that is far away from fueling our cars, but may one day be a key component to eliminating our need for foreign oil. The following post by GreenChipStocks.com has been republished with permission and highlights one speculative algae biofuel play that could yield big time profits for the patient investor. … Read the rest
Tag Archives: algae biofuel
Exxon Makes Big Bet On Algae Biofuel With Craig Venter’s Synthetic Genomics
Ok, $600 million for Exxon is pocket change, but for most companies it’s a big investment, particularly when you’re discussing algae biofuels. Exxon announced today they’ll put in $600 million over five years in a partnership with privately held Synthetic Genomics to develop transportation fuels from algae. As an interesting side note, Synthetic Genomics was founded in part by Craig Venter who was instrumental in mapping the human genome and has been listed by … Read the rest