Showing posts with label Synthetic Genomics. Show all posts
Showing posts with label Synthetic Genomics. Show all posts

Tuesday, July 14, 2009

Exxon to Invest $600 Million in Biofuels Development


Exxon Mobil Corp., the biggest U.S. oil company, plans to invest more than $600 million to develop biofuels with J. Craig Venter’s Synthetic Genomics Inc. The venture will focus on making fuels from algae, Irving, Texas based Exxon Mobil said today in a statement. The company said it expects to spend $300 million on internal costs and pay “potentially more than $300 million” to biotech specialist Synthetic Genomics, known as SGI. Oil companies are investing.....Complete Story

Trade Crude in 90 Seconds Click Here