All Posts Tagged With: "Exxon (XOM)"

Will Exxon Mobil (XOM) Reap Biofuel Rewards with Pond Scum?

Exxon Mobil Corp. (NYSE: XOM) will dip its toes into the renewable energy pond – with a focus on the scum that resides in it.

The oil giant is looking to spend more than $600 million on the research and development (R&D) of next generation biofuels from photosynthetic algae in an alliance with privately held Synthetic Genomics Inc (SGI), which was founded by genome map pioneer J. Craig Venter.

“This investment comes after several years of planning and study and is an important addition to ExxonMobil’s ongoing efforts to advance breakthrough technologies to help meet the world’s energy challenges,” said…

15Jul2009 | Money Morning | 0 comments | Continued

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