About Exxon Mobil:
We are the world’s largest publicly traded international oil and gas company, providing energy that helps underpin growing economies and improve living standards around the world.
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Algae biofuels
Meeting the world’s growing energy demands will require a multitude of sources. Biofuel from algae could be a meaningful part of the solution in the future because of its potential as an economically viable, low emissions transportation fuel.
Together ExxonMobil and Synthetic Genomics, Inc. (SGI) announced in July 2010 the opening of a new greenhouse facility to enable the next level of research and testing in our algae biofuels program. This greenhouse, located in La Jolla, California, is part of our ongoing commitment to advance breakthrough energy technologies to help address the world’s long term energy challenges.
In July 2009, ExxonMobil joined with Synthetic Genomics, Inc (SGI) to launch new program to research and develop next-generation biofuels
Fuels composed of or produced from biological raw materials, such as plants, photosynthetic organisms, or animal waste. from photosynthetic algae. The opening of the greenhouse is an important milestone because it provides the next level in scale up from a laboratory setting to an environment that better reflects real-world conditions for algae production. SGI and ExxonMobil researchers are using the facility to test whether large-scale quantities of affordable fuel can be produced from algae.