ExxonMobil extends partnership with algae biofuel research group
ExxonMobil and Synthetic Genomics have extended their agreement to research algae biofuels after making progress in their understanding of algae growth and genetics, and increasing oil production. The two companies have been working together since 2009, developing oil from algae as a source of renewable, lower-emission fuel. Their research will continue to develop genetically engineered strains of algae with improved photosynthetic efficiency and oil production. Algae biofuels are a key part of ExxonMobil's research into alternative methods of energy production that reduce greenhouse gas emissions.

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Synthetic Genomics, Inc. and ExxonMobil have announced that they have extended their agreement to conduct joint research into advanced algae biofuels after making significant progress in understanding algae genetics, growth characteristics and increasing oil production.

ExxonMobil and Synthetic Genomics have been jointly researching and developing oil from algae for use as a renewable, lower-emission alternative to traditional transportation fuels since launching the program in 2009. Work continues toward developing strains of algae that demonstrate significantly improved photosynthetic efficiency and oil production through selection and genetic engineering of higher-performance algae strains. The agreement continues to focus on Synthetic Genomics’ core strengths in synthetic biology and builds on recent discoveries of biological pathways regulating lipid production and growth in advanced algal strains.

“Together with ExxonMobil, we have made significant strides to identify and enhance algal strains capable of high oil production while still maintaining desirable rates of growth,” says Oliver Fetzer, Ph.D., chief executive officer of Synthetic Genomics. “The extension of our agreement reflects the tremendous progress made to date, and the promise in using our core synthetic biology technologies to build cell production systems capable of reshaping industries.”

Vijay Swarup, vice president for research and development at ExxonMobil Research and Engineering Company, says that renewal of the agreement underscores the importance of the research and recognition of milestones the team has achieved together over the past few years.

“Synthetic Genomics and ExxonMobil remain committed to advancing the scientific fundamentals of algal biofuels,” Swarup says. “We know this will be a long-term endeavor and are optimistic based on the results we have seen to date.”

The development of algae biofuels and a path toward commercial-scale production remain key components of ExxonMobil’s suite of research projects focused on producing energy to meet global demand while reducing greenhouse gas emissions to mitigate the risk of climate change.

ExxonMobil is engaged in a broad range of research on advanced biofuels, partnering with universities and other companies. The purpose of these research and development programs is to explore new technologies and seek the best pathways toward scalable and cost-effective production of advanced biofuels.

Global demand for transportation fuels is projected to rise by nearly 30 percent through 2040, and accelerating the reduction in emissions from the transportation sector will play a critical role in reducing global greenhouse gas emissions.