Exxon Mobil Corp assessing the Commercial Viability of Algae Biofuels as an Alternative Energy Source

June 18, 2010 | 1 Comment

Exxon Mobil Corp is testing the commercial viability of algae biofuel as an alternative energy source to supplement oil and natural gas, a senior executive said.

“We are testing the hypothesis that algae biofuels could become commercially viable and achieve sufficient scale to make meaningful contribution to the future energy mix,” saidExxonMobil’s senior vice president Andrew Swiger.

Global energy demand is expected to rise by almost 35 percent by 2030, from 2005 levels, he said. “It is early days in this research, and the obstacles we face are formidable, but the potential is great,” Swiger added.

He said Exxon currently has an interest in 4,900 megawatts of cogeneration capacity at more than 30 sites worldwide. New facilities under construction in Singapore will boost that capacity to more than 5,000 megawatts by next year 2011. Source: Reuters (Jun 7, 2010)

Those keen to explore commercialisation strategies and to gather progress report on algae biofuel, should attend the 3rd Algae World Asia in Singapore, 19-20 October 2010.

Besides algae biofuels, the 3rd Algae World Asia will also discuss the latest on algae production systems, algae high value co-products, and algae application in carbon capture and wastewater treatment industries.

Email leelin@cmtsp.com.sg to receive more information on the 3rd Algae World Asia.

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Mark your calendar for the 3rd Algae World Asia 2010 – coming to Singapore this October!

June 18, 2010 | Leave a Comment

The 3rd Algae World Asia 2010 is coming back to Singapore! Mark your calendar to join us for interactive and intensive sessions on the market prospects in Asia Pacific, as well as addressing technological achievements worldwide!

We are currently finalizing on the program details. Email leelin@cmtsp.com.sg if you need more information!

Algae World 2010 Industry Survey ReportIn conjunction with the 3rd Algae World Asia 2010, we are re-launching the “Algae World 2010 Industry Survey Report”. The key objective of conducting the survey is to gather feedback from algae stakeholders so as to pin-point the critical algae industry issues, and to find out where the industry stands.

Share your views on the industry with us by participating in the survey today! Simply click >>here<< to participate & reserve a copy of the Algae World 2010 Industry Survey Report that will be published subsequently.

About Algae World 2010 Industry Survey Report
In a follow-up to the 1st Algae World Survey report that was published in 2008, the Algae World 2010 Industry Survey is yet another collaboration with Mark R. Edwards, PhD. Professor at Arizona State University. Dr. Edwards conceptualised the idea of the survey because he realized the need to measure where the industry stands and what needs to be done to move forward as an industry towards commercialization.

Posted by admin | Filed Under Algae News