Oil Companies Show Interest in Algae as Fuel

By PSU EcoMerge Capstone - 11:52 AM

When the oil companies used to be only interested in pumping crude oil from the ground, they are now being heavily invested in using algae as a alternative fuel source. Such companies include Exxon Mobile, which has invested $600 million into this very new tech. Also Indian Oil is teaming up with PetroAlgae to build research facilities, and later, production facilities to harvest this new form of energy. To view the complete article go to:
http://news.cnet.com/8301-11128_3-10391335-54.html?tag=mncol;title.
-Eric M.

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