Biofuels made from algae have had their time in the sun, with years of highly publicized investments from fossil fuel companies, such as Exxon and Chevron, and studies showing potential for the energy ...

AUSTIN, Texas and TOKYO, Jan. 13, 2026 /PRNewswire/ -- According to DataM Intelligence, the global Algae-Based Biofuel Market reached USD 9,230.5 million in 2024 and is projected to grow to USD 19,161 ...

In a major move forward for algae-based biofuel, US feedstock producer Cellana has inked a multi-year deal for commercial-scale quantities. Finnish company Neste Oil, one of the world's biggest ...

BRK Technology achieves breakthrough in next-gen sustainable fuel for construction, freight, and mining industries HONG KONG, HONG KONG, July 3, 2025 /EINPresswire ...

Algae biofuels have been abandoned due to the difficulty in making them economically competitive with crude oil. Scientists have discovered a new process in photosynthesis that can extract electrons ...

The oil giant is quitting an area of research it has long held up as part of a clean "energy future." Reading time 3 minutes It’s the end of an algal era: Exxon is backing out of a biofuel effort that ...

Martek Biosciences, a company that has been working on growing algae for conversion into microbial oils and biofuels, has inked a $10 million deal with energy leader BP for the joint development of ...

An algae farm outdoor growth facility at General Atomics in San Diego. (Mark Boster / Los Angeles Times via Getty Images) One by one, Big Oil firms have touted their investments in algae biofuels as ...

Just three years ago, Colorado-based inventor Jim Sears shuttered himself in his garage and began tinkering with a design to mass-produce biofuel. His reactor (plastic bags) and his feedstock (algae) ...