Some scientists regard Exxon Mobil Corp.’s long-running quest to turn algae into a transportation fuel as little more than a PR stunt. The oil giant says they are wrong.
Using genetic engineering, Exxon says it is closer to its goal of fueling jet planes and heavy trucks with oil distilled from the tiny organisms. With government subsidies and incentives, it says it is on pace to make algae biofuel commercially viable by the end of the decade.
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