Multinational oil and gas firm ExxonMobil has teamed up with biotech company Viridos to research and produce biofuel from algae.
The firms have signed a joint agreement for the commercial production of Veridos’s low-carbon intensity biofuels.
“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.
“The recent productivity advances in Viridos’ technology are an opportunity to turn CO2 into renewable diesel and sustainable aviation fuels, providing an essential component for the decarbonisation of the heavy-duty transportation industry. In this next phase of the program, we intend to broaden participation and invite others to build the ecosystem required for full-scale deployment.”
Founded in 2005 by leaders in synthetic biology, Viridos quickly established itself for innovative research, transplanting the first genome, synthesising the first bacterial genome and creating the first synthetic cell.
In the past few years, Viridos’ leadership in engineering microalgae 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.
These advancements in bioengineering have positioned Viridos to be the leading enterprise in algal technology with the potential to facilitate significant reductions in greenhouse gas (GHG) emissions in the heavy transportation sector.
Viridos’ continued partnership with ExxonMobil seeks to build out the technology and agronomy to enable the commercial launch of Viridos’ low-carbon intensity algae biofuels. “Our research with Viridos is one facet of our approach to help society identify and deploy the biofuels needed to reduce emissions from important sectors of the economy, including heavy duty transportation,” said Vijay Swarup, vice president of research and development at ExxonMobil. “ExxonMobil has supported Viridos in the development of advanced bioengineering tools, and we look forward to further advancements in the research that shows potential to help society mitigate the risks of climate change.”
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