Synthethic Genomics, ExxonMobil to develop algae biofuels
Monday, May 20, 2013, 02:10 (GMT + 9)
Synthetic Genomics Inc (SGI) announced a new co-funded research agreement with ExxonMobil to develop algae biofuels. The new agreement is a basic science research programme that focuses on developing algal strains with significantly improved production characteristics by employing synthetic genomic science and technology. Financial details of the agreement were not disclosed.
In June 2009, SGI and ExxonMobil announced a research and development alliance focused on naturally occurring and conventionally modified algae strains. Over the nearly four years working together the companies gained considerable knowledge about the challenges in developing economical and scalable algae biofuels.
“We look forward to working with ExxonMobil to undertake this in-depth focus on the basic science research to better understand and enhance algae. The new agreement gives us an o... FULL STORY