Wednesday, June 09, 2010

Exxon Mobil testing commercial viability of algae biofuel as alternative energy source

Exxon Mobil Corp is testing the commercial viability of algae biofuel as an alternative energy source to supplement oil and natural gas. Although oil, coal and natural gas are expected to represent abbout 80% of global energy supply mix through 2030, nuclear and renewable energy such as wind, solar, geothermal and biofuels will play a significant role, ExxonMobil's senior vice president Andrew Swiger said.

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