Exxon Mobil ready to spend over $600m on algae biofuels

Exxon Mobil is poised to spend more than $600m (£375m) on an alogae biofuls programme. The company’s senior vice president Andy Swiger said today that ExxonMobil believes threre are three areas in which innovation has the potential to turn energy challenges into energy solutions: the development of algae biofuels, carbon capture and storage, and energy […]