The company’s scientists didn’t agree with the way the project was presented to investors.

Exxon Mobil’s (XOM) scientists told one of the oil major’s top strategic-planning executives in February 2020 that its much-heralded algae biofuels programs was not close to hitting its stated goals, ...

The MarketWatch News Department was not involved in the creation of this content. Algae-Based Biofuel Market to Reach USD 19.16 Billion by 2032 as Sustainable Aviation Fuel and Energy Security ...

Add Yahoo as a preferred source to see more of our stories on Google. Exxon now stands as the only oil and gas supermajor that is still pursuing algae biofuels in a big way with the company claiming ...

Biodiesel is a renewable fuel and offers a sustainable and potentially carbon-neutral alternative to petroleum products. Yet ...

Internal documents reveal ExxonMobil scientists raised serious concerns about the viability of the company’s algae biofuels program even as executives continued promoting it to investors as a ...

Slimy green algae may be an answer to the global oil crisis. With a renewed interest in converting algae into biofuel, researchers are studying ways to cut costs and improve conditions for growing ...

New research using real-world data casts doubt on the energy efficiency of diesel alternatives that come from phytoplankton. Biofuels made from algae have had their time in the sun, with years of ...

BOZEMAN, Mont. -- The U.S. Department of Energy recently awarded Montana State University and Utah State University a three-year, $900,000 grant to study the oil produced by algae, which could be a ...

Well-known but still young biofuel company Sapphire Energy has more than doubled its funding to more than $100 million for its “green crude,” a fuel it says will mimic the best characteristics of the ...

Biofuels made from algae are gaining attention as a domestic source of renewable fuel. However, with current technologies, scaling up production of algal biofuels to meet even 5 percent of U.S.