Shell, ExxonMobil invest millions in algae-fuel research

07/29/2009 | EurActiv.com

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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