ExxonMobil To Invest $600 Million In Algae Biofuel
Algae is growing, in ponds and in popularity. Exxon Mobile, the largest worldwide petroleum trader, announced July 14 that it is turning its focus to a more sustainable fuel industry: algae biofuel. Investigation is still in its early stages, but algae’s incredible production efficiency may prove more effective than other biofuels in reducing greenhouse gas.