Earlier this week, the world's largest oil major announced a five-year, $600 million partnership with Synthetic Genomics Incorporated (SGI), a California-based genetic engineering firm, to develop next-gen transportation fuel-from pond scum.This algae-based bio-oil would so closely resemble the hydrocarbons in petroleum that it could be processed by refineries, be transported through pipelines and fill up car and airplane gas tanks without any upgrades or replacements needed.
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Source:CommodityOnline
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