– Other alternative energy solutions, including wind and solar power, are outpacing algae biofuel advances.
– Much more investment in money and time is needed for algae biofuel to become viable, even on an extended timeline out to mid-century. While big players like Shell and Chevron have abandoned the effort, ExxonMobil continues work.
– In 2017, ExxonMobil, with Synthetic Genomics, announced they had used CRISPR gene-editing technology to make an algal strain that could pave the way to a low-carbon fuel and a sustainable future. But many environmentalists met the claim with skepticism, suspecting greenwashing.
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What are algae and algae biofuels?
“What are algae?” proves to be a surprisingly complex question. They are among the simplest organic producers in the world, using light and carbon dioxide to make biomass. Green algae, for example, use photosynthesis to grow. But algae aren’t only classed as plants. Rather, they’re a highly varied and genetically diver
Playing the long game: ExxonMobil gambles on algae biofuel
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