Exxon Thinks It Can Create Biofuel From Algae At Massive Scale
http://www.fastcompany.com/40539606/exxon-thinks-it-can-create-biofuel-from-algae-at-massive-scale
The oil and gas giant says it could be making 10,000 barrels a day within a few years–a small drop in the amount of oil it produces, but a huge boost in the amount of algae-based biofuel.
In the California desert near the Salton Sea and the tiny town of Calipatria, an acre-size rectangular pond is filled with saltwater and brightly colored algae. The pond is one of several at the site where Exxon Mobil and Synthetic Genomics are taking the next step toward a goal that has been elusive for other companies so far: the production of biofuel at scale.
“The goal here is to get to a sustainable, renewable biofuel that can be cost-competitive with pumping oil out of the ground, but can scale to levels that go far beyond demonstration levels,” says Oliver Fetzer, chief executive officer at Synthetic Genomics. “We see this step as a very important step along the way to scalability.”
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Mad Poet Strikes Again.
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