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Exxon puts up $600M for biofuel venture (from Corporate Dealmaker)

Exxon Mobil Corp. (NYSE:XOM) launched a biofuels program, planning to spend $600 million -- perhaps billions more -- in an alliance with La Jolla, Calif.'s Synthetic Genomics Inc. to research and develop next-generation biofuels from photosynthetic algae.Entering the alliance with great hope, SGI knows there's tons of research to...

Posted on July 14, 2009 10:21 AM

More funding for Chevron algae ally Solazyme (from Corporate Dealmaker)

Reducing our dependence on foreign oil is a hot topic, especially with prices being where they are. Some alternative energies, including cellulolistic ethanol, algae and even chicken fat. Algae is our topic of the day: Solazyme, a Chevron partner, raised about $45 million in its latest round, while Enterprise-Rent-A-Car created a division and hired experts to look into getting its fleet juiced up on the organism. Is there a possible deal between the two ...

Posted on August 27, 2008 3:35 PM