i did a lot of research on this topic at my last job, while there's been small to mid-sized investments, it looks like exxon is going to be the first to try to scale this commercially (there's a lot of issues with sufficient infrastructure to transport large quantities)
Exxon to Invest Millions to Make Fuel From Algae
The oil giant Exxon Mobil, whose chief executive once mocked alternative energy by referring to ethanol as “moonshine,” is about to venture into biofuels.
On Tuesday, Exxon plans to announce an investment of $600 million in producing liquid transportation fuels from algae — organisms in water that range from pond scum to seaweed. The biofuel effort involves a partnership with Synthetic Genomics, a biotechnology company founded by the genomics pioneer J. Craig Venter.
via new york times
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