Rochester, NY 7/16/2009 1:26:04 AM
XOM -Exxon Mobil to move into biofuel production with $600 million investment
Exxon Mobil Corp.
Exxon Mobil Corp., XOM
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Exxon Mobil is expected to announce today its partnership with Synthetic Genomics, a biotech firm founded by genomics pioneer J. Craig Venter, to produce algae-based fuels. Exxon said it will spend $300 million on in-house research and more than $300 million in Synthetic Genomics "if research and development milestones are successfully met
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