Shell, ExxonMobil invest millions in algae-fuel research

07/29/2009 |

Shell and ExxonMobil have put millions into research on producing biofuel from photosynthetic algae. "While significant work and years of research and development still must be completed, if successful, algae-based fuels could help meet the world's growing demand for transportation fuel while reducing greenhouse-gas emissions," said ExxonMobil executive Michael Dolan.

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