The algae biofuel industry has seen some ups and downs in 2023, with one major corporate player pulling out of the race to make a viable sustainable product, even as several U.S. Department of ...

Exxon Mobil’s interest in algae-based biofuels dates to 2009, when it unveiled a $600 million investment in algae with Synthetic Genomics Inc., a California-based biotechnology company.

ExxonMobil's $600 million partnership with Synthetic Genomics to develop next-generation biofuels from photosynthetic algae is already being cast as a shift in the conservative company's modus ...

Today, Exxon Mobil is the only major oil firm still backing algae biofuels in a big way. It's invested more than $300 million in biofuels research in the past decade.

In its 12 years in the space, Exxon invested $350 million in algae biofuels, according to spokesperson Casey Norton. (Norton says that’s more than double what the company spent on touting this ...

Oil giant ExxonMobil’s decision to abandon its 14-year, multimillion-dollar support for research into making fuel from algae ended years of funding for projects at the Colorado School of Mines ...

By touting its work on algae while continuing to increase fossil fuel production, Exxon has “been trying to create the impression that [it is] part of the solution, when [it is] certainly not ...

Algae biofuel research had an early surge in the 1970s-90s. Then, during a brief window of time, from roughly 2009 to around 2017, this alternative fuel technology became the darling of the ...

Is Exxon really trading in oil barrels for algae? Not so fast, says Ed Collins, a research analyst at U.K.-based nonprofit InfluenceMap. Exxon’s algae biofuel initiative is, in many ways, a ...

Some scientists regard Exxon XOM 3.59% Mobil Corp.’s long-running quest to turn algae into a transportation fuel as little more than a PR stunt. The oil giant says they are wrong.

One of ExxonMobil’s top targets for advanced biofuel production is algae. Some species of the organism are rich in natural oils called lipids, so much so, that harvesting a single acre of algae ...