Exxon starts first biofuel experiments
The National reports that after ExxonMobil agreed to invest $600 million in project to develop biofuel from microscopic plants, teams of researchers are performing their first experiments. Emil Jacobs, the vice president for R&D at ExxonMobil, predicts that commercial-scale “biomanufacturing” of biofuel from algae could begin in eight to 10 years. The products Jacobs envisages would be identical at the molecular level to the major components of petrol, diesel and jet fuel, the three main fuels used in transportation.
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