Viridos signs deal with Exxon to help scale up algae biofuels
- 30/11/2021
Biotech firm Viridos has signed a joint agreement with ExxonMobil Research and Engineering to bring its low-carbon intensity biofuels toward commercial levels.
The company’s microalgae research has achieved greater than five times bio-oil productivity increases by increasing both the oil content in the algae and the algae yield.
The results from outdoor deployment of Viridos’ bio-engineered strains in 2020 and 2021 mark the inflection point toward deployment.
“We’re excited to announce that ExxonMobil is continuing this collaboration with us to bring sustainable algae biofuels technology closer to commercial deployment,” said Viridos’ CEO Dr Oliver Fetzer.
Source: biofuels-news.com
