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ExxonMobil's exit from its algae biofuel partnership with Viridos has not hindered the sector's growth, as Viridos secured a $25 million investment from major players like United Airlines Ventures. The algae biofuel market is projected to expand significantly, driven by rising interest in renewable energy and innovative projects aimed at converting seaweed into sustainable aviation fuel. The U.S. Department of Energy is also investing in various algae initiatives, highlighting the potential for algae to address waste management and environmental challenges.
United Airlines Ventures
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
algae biofuel industry thrives as exxonmobil steps back from research partnership
Viridos
Macro Oceans
United Airlines Ventures
Umaro Foods
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PRI
Breakthrough Energy Ventures
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00:18 17.11.2024
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