Exxon allots billions to turn algae into fuel
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MS20171105_B2Excerpt
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.
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Exxon allots billions to turn algae into fuel. (2017, November 5). Manila Standard, p. B2.
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Algae; Energy; Fuels; Electricity; Fossil fuels; Natural gas; Hydrogen; Carbon dioxide; Membranes; Osmosis; 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.; Swarup, Vijay; Wheatley, Rick
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