{
United Airlines Ventures

People

}
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001122334455554433221100

algae biofuel industry thrives as exxonmobil steps back from research partnership

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.
CleanTechnica
Viridos Macro Oceans United Airlines Ventures Umaro Foods USA PRI Breakthrough Energy Ventures ExxonMobil Chevron Viridos United Airlines Ventures Show more
Technology & Innovation, News Article
00:18 17.11.2024
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