biofuelwatch : Message: Venter:Exxon algae venture

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http://www.ft.com/cms/s/0/542f8336-709a-11de-9717-00144feabdc0.html

Exxon joins algae-based biofuel push

By Ed Crooks in London

Published: July 14 2009 19:21 | Last updated: July 14 2009 19:21

ExxonMobil <http://markets.ft.com/tearsheets/performance.asp?s=us:XOM> and
Craig Venter, the pioneer of human genome research, have set up a $600m
partnership to research the potential for making biofuels from algae.

Mr Venter told the Financial Times that the joint venture was "critical for
the whole world" but warned that commercial deployment could be 10 years
away.

"There has been so much hype and hope about the potential for algae that
this announcement should act as a reality check for everyone," said Mr
Venter. "We are not saying we are going to have millions of tonnes of algae
next year."

More at:

http://www.ft.com/cms/s/0/542f8336-709a-11de-9717-00144feabdc0.html

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http://www.ft.com/cms/s/0/542f8336-709a-11de-97=
17-00144feabdc0.html<o:p></o:p>

<h2>Exxon
joins algae-based biofuel push<o:p></o:p></h2>

By Ed
Crooks in <st1:City w:st=3D"on"><st1:place w:st=3D"on">London</st1:place></=
st1:City>
<o:p></o:p>

Published:
July 14 2009 19:21 | Last updated: July 14 2009 19:21<o:p></o:p></fo=
nt>

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</script><a
href=3D"http://markets.ft.com/tearsheets/performance.asp?s=3Dus:XOM" symbol=
=3D"us:XOM">ExxonMobil</a>
and Craig Venter, the pioneer of human genome research, have set up a $600m
partnership to research the potential for making biofuels from algae.<o:p><=
/o:p>

Mr Venter
told the Financial Times that the joint venture was “critical for the
whole world” but warned that commercial deployment could be 10 years
away.<o:p></o:p>

 “There
has been so much hype and hope about the potential for algae that this
announcement should act as a reality check for everyone,” said Mr Ven=
ter.
“We are not saying we are going to have millions of tonnes of algae n=
ext
year.”<o:p></o:p>

More at:<o:p></o:p>

<a
href=3D"http://www.ft.com/cms/s/0/542f8336-709a-11de-9717-00144feabdc0.html=
">http://www.ft.com/cms/s/0/542f8336-709a-11de-9717-00144feabdc0.html</a>
<o:p></o:p>

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Tue Jul 14, 2009 6:46 pm

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"Andrew Boswell" <andrewboswell@...>

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