The oil giant Exxon Mobil, whose chief executive once mocked alternative energy by referring to ethanol as “moonshine,” is about to venture into biofuels. Exxon Mobil Corp. said that it will make its first major investment in greenhouse-gas reducing biofuels in a $600 million partnership with biotech company Synthetic Genomics Inc. to develop transportation fuels from algae.
The agreement could plug a major gap in the strategy of Exxon, the world’s largest and richest publicly traded oil company, which has been criticized by environmental groups for dismissing concerns about global warming in the past and its reluctance to develop renewable fuels.
Despite the widely publicized “moonshine” remark a few years ago by Exxon’s chairman and chief executive, Rex W. Tillerson, the company has spent several years exploring various fuel alternatives, according to one of its top research officials.
“We literally looked at every option we could think of, with several key parameters in mind,” said Emil Jacobs, vice president for research and development at Exxon’s research and engineering unit. “Scale was the first. For transportation fuels, if you can’t see whether you can scale a technology up, then you have to question whether you need to be involved at all.”
He added, “I am not going to sugarcoat this — this is not going to be easy.” Any large-scale commercial plants to produce algae-based fuels are at least 5 to 10 years away, Dr. Jacobs said.
Exxon’s sincerity and commitment will almost certainly be questioned by its most galvanized environmentalist critics, especially when compared with the company’s extraordinary profits from petroleum in recent years.
“Research is great, but we need to see new products in the market,” Kert Davies, the research director at Greenpeace, said. “We’ve always said that major oil companies have to be involved. But the question is whether companies are simply paying lip service to something or whether they are putting their weight and power behind it.”


Renewable energy projects in five states and a U.S. territory will share in $141 million in Recovery Act… aka the “stimulus”… funding.
Dr. Gal Luft, executive director of the Institute for the Analysis of Global Security (IAGS) is this week’s guest commentator on the Ethanol Minute Radio program, which is a national radio show broadcasting interviews with experts from all walks of life including elected officials, celebrities, energy and environmental experts, and businessmen and women. The Ethanol Minute is sponsored by
Dr. Luft is an internationally recognized authority on strategy, geopolitics, terrorism, Middle East and energy security. He has been a strong advocate for the increased production of domestic fuels like ethanol.The IAGS is a Washington based think tank focused on energy security and he is a co-founder of the Set America Free Coalition, an alliance of national security, environmental, labor and religious groups promoting ways to reduce America’s dependence on foreign oil. Newsweek Magazine called him a “tireless and independent advocate of energy security,” the business magazine Poder called him “one of the most recognizable figures in modern energy and security issues,” and Esquire Magazine included him in its 2007 list of America’s Best and Brightest.
It is with heartfelt sadness that we report that Kathy Bryan,
This edition of “The Ethanol Report” features an interview with Renewable Fuels Association Director of Market Development Robert White about some new tactics they are using to promote ethanol and answer questions about its use. White talks in particular about one upcoming event that will target thousands of motorcycle enthusiasts, RFA’s new website “
Washington State University is set to get $2 million for its algae-biofuels research, thanks to that state’s senior senator.
Some Texas farmers believe that if Brazil can produce ethanol from sugarcane, they can too.
Corn for ethanol use in 2008-2009 was lowered by 100 million bushels in USDA’s
A new report from the USDA says that farmers and ranchers could turn manure into energy without taking too much of it out of the fertilizer market.