
Exxon Mobil has announced that they're jumping into the biofuel business. The oil giant is investing $600 million in researching algae-based biofuels that would capture CO2 and perform as well as oil-based fuels.
The company is teaming up with Synthetic Genomics Inc. to genetically engineer algae strains for testing. If the partners are successful in developing a greenhouse gas-capturing fuel, Exxon will then invest billions on the production of the fuel.
The company envisions placing the algae farms near power plants and other major CO2 emitters to feed the algae and to help curb the impact of those businesses. Exxon said they imagine a successful commercial production of an algae-based fuel could take up to a decade.
This venture isn't the company's first foray into carbon capture. In January, they announced they were spending $170 million on carbon capture projects at their natural gas plants. These projects are undoubtedly more financially driven than environmentally, but if the planet can benefit from their discoveries, it's worth paying attention.

written by Andy Olds, July 29, 2009
written by OakleighVermont Solargroupies, July 30, 2009
written by Jeremy Rinebolt, July 30, 2009
What I do have a problem with is their desire, along with Synthetic Genomics, Inc., to make and use genetically modified organisms. I see no reason why they couldn't simply use local algaes and utilize mechanical improvements in order to increase the yield. Genetic modification just spells disaster. i.e. See: Killer bees.
To Oakleigh: As far as I know,if you made the process of generating fuel from algae as energy cheap as possible it wouldn't really put out much CO2 at all. It would be close to carbon neutral. I do agree with you about solar, wind, and water being the best options though. Especially, solar power.
written by Bob Wallace, July 30, 2009
What bothers me about many of these schemes is that they seem to all be nestled up against coal plants, using the concentrated carbon released in the production of electricity. Do that, and what we are doing is getting a second use out of un-sequestered carbon but it's still being taken out of sequesteration.
If we go that route it might be harder to shut down coal plants as the argument will be made that we need to keep burning coal to feed the algae.
As for genetic engineering, damned if I can see what killer bees has to do with the issue. The idea between tweaking the genetic makeup of the algae is to get it to be a more productive oil producer.
written by Carl, July 30, 2009
written by cufflinks, July 30, 2009
They intend on using the algae to capture the CO2 but then we will be creating more CO2 and H2O when burning the fuel.
Unless they can find a method where we do not burn the algae then possibly it may help!
written by Brett, July 30, 2009
written by Bob Wallace, July 30, 2009
The algae will "capture" already existing CO2 and HO2, use them to make oil, and then the CO2 and HO2 will be *re-released* when the oil is burned.
Growing the algae, burning the algae oil is carbon and water neutral.
The only issue, that I can see, is if growing algae somehow causes us to continue to burn coal (for the CO2 byproduct) past the time when we could otherwise stop.
The CO2 from coal is carbon that is right now sequestered.
And we need to leave it right where it is, not dig it up and stick it in our atmosphere.
written by Sean, July 30, 2009
Other than further information regarding the controls placed on the growing of these organisms, I support the effort. I also think it may be somewhat naive to believe that big coal and oil will not be some of the chief players in this field. If not from seeing the writing on the wall, these could be hugely profitable licensing opportunities for the companies.
written by Andy Olds, July 30, 2009
Of course, algal biofuels may not win the race to be the first alternative fuel to be cheaper than hydrocarbons!
written by Bob Wallace, July 31, 2009
And my "concern" about using carbon from coal plants is not a major one, only something to keep in mind.
Certainly using CO2 from burning coal gives us a second use for the sequestered carbon, thus increasing the amount of energy produced per ton of CO2 pumped into the atmosphere. That's a good thing.
But if we do this large scale, and do not figure out how to produce algal oil without this rich, concentrated stream of CO2, there might be some pressure to keep burning coal past the point where we do not need to simply for the electricity.
written by John Dickie, August 07, 2009
What we are going to do is use our CO2/heat and waste products from our biomass power stations to feed and grow a 'biomass fuel' for use in our gasification process thus enhancing the electrical economy. The CO2 is captured again and again - it isn't a complete closed loop but, in our view, makes more sense than squeezing out the oil content.
written by Bailey Button Ugg Boots, August 28, 2009
written by flat iron, September 03, 2009
written by Mandarin Chinese Online, November 18, 2009
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