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ExxonMobil\'s to introduce Algae Biofuel by 2025


ExxonMobil Corporation XOM and Synthetic Genomics have initiated a new phase in their joint algae biofuel research program. Through the study, the company intends 10,000 barrels of algae biofuel per day by 2025.

By Team ABLE

ExxonMobil Corporation XOM and Synthetic Genomics have initiated a new phase in their joint algae biofuel research program. Through the study, the company intends 10,000 barrels of algae biofuel per day by 2025.

ExxonMobil\'s assumption is based on the research carried out till date and emerging technical capability. To progress toward large-scale production, extra work is required. As the study advances, the companies continue to perform basic research on algae biology in their laboratories.

ExxonMobil and Synthetic Genomics have been researching jointly since 2009 to develop oil from algae that could be substituted as a renewable, lower-emission fuel to traditional transportation ones. ExxonMobil also partnered with universities, government laboratories and other companies to perform a wide range of research on advanced biofuels. 

In 2017, ExxonMobil and Synthetic Genomics got a breakthrough research published in Nature Biotechnology that lead to a modified algae strain which more than doubled oil content without considerably restraining growth, a key challenge along the path to commercial scalability.

Transportation-related global energy demand is estimated to grow about 25% through 2040. Thereby, a cut in emissions from the transportation sector will play a significant role in reducing global greenhouse gas release.

Additionally, other researches by ExxonMobil include emission-reducing technologies, including carbon capture and sequestration. The company has invested about $8 billion since 2000 to build and deploy lower-emission energy solutions in its operations.