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    Exxon allots billions to turn algae into fuel

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    Date
    November 5, 2017
    Author
    Bloomberg
    Metadata
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    Classification code
    MS20171105_B2
    Excerpt
    One of the world's biggest oil companies is pumping more than $1 billion a year into alternative forms of energy from algae engineered to bloom into biofuels and cells that turn emissions into electricity. The funds from Exxon Mobil Corp. are for more than a hundred of research projects on environmentally-friendly technologies in five to 10 key areas, according to vice president of research and development Vijay Swarup. While any commercial breakthrough is at least a decade away, Exxon's support for clean energy suggests the world's most valuable publicly-traded oil company is looking toward the possibility of a future where fossil fuels are less dominant.
    Citation
    Exxon allots billions to turn algae into fuel. (2017, November 5). Manila Standard, p. B2.
    URI
    http://hdl.handle.net/20.500.12174/5388
    Corporate Names
    Renewable Energy Group Inc. Exxon Mobil Corp. Bloomberg New Energy Finance Total SA Royal Dutch Shell Plc FuelCell Energy Inc. Georgia Institute of Technology Xynteo Ltd.
    Personal Names
    Swarup, Vijay Wheatley, Rick
    Subject
    Algae energy fuels electricity fossil fuels natural gas hydrogen carbon dioxide membranes osmosis
    Collections
    • Manila Standard [1178]

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