“If research and development milestones are met,” ExxonMobil says, the company expects to spend $300m internally on the project and $300m more to SGI, based in La Jolla, California.
“The real challenge to creating a viable next generation biofuel is the ability to produce it in large volumes which will require significant advances in both science and engineering,” says Craig Venter, founder and chief executive of privately-held SGI.
"The
