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Chinese Translation NewsAlgae Oil: Bill Gates and Exxon Mobil's Algae Biofuel Investment. China Needs It Too. Bill Gates and Exxon Mobil invested in oil-producing
algae, hoping that through genetic engineering, algae could
produce ready to use gasoline or diesel. Algae also
absorb carbon dioxide and release oxygen, making it a double
whammy for the ones in fear of global warming. Who needs
it the most? China. Does China want the technology? Yes.
Are we asking for your suggestions or tips? Yes! Los Angeles, CA. Sapphire Energy, a San Diego based biofuels start up invested by Bill Gates' Cascade Investment LLC, just received about $105 million in grants and loan guarantees from federal funding- part of some $600 million in outlays to 18 experimental biofuel sites across the U.S.. The company has built a revolutionary platform using sunlight, CO2 and microorganisms such as algae to produce renewable, 91 octane gasoline that meets ASTM standards. Earlier this year, on July 14, Exxon announced that it would spend at least $300 million in an algae-to-fuel research and development deal with J. Craig Venter's Synthetic Genomics—the oil giant's first big investment in biofuels. With the farsighted people (including Steven Chu, the current US Secretary of Energy) investing in algae based biofuels, it seems not many people have focused on the country that needs it the most, China. Why China? China has plenty of carbon dioxide which can be a crucial factor for the mass production of algae. China also has an unsatisfied demand for oil. There seems to be no other country that has such a perfect match. The problem? China does not have, or yet to have the research and development capability to genetically engineer the kind of algae that produces gasoline that meets ASTM standards. We have been approached by many Chinese companies seeking a solution, a solution to solve their carbon dioxide emission problem and a solution to solve their energy problem. It seems that algae is the perfect solution for both. However, algae biofuel companies seem to be reluctant to cooperate with China. Should you know any companies interested in cooperating with Chinese companies or licensing their technologies, please write to us. This article can also be found at http://www.certifiedchinesetranslation.com/09/1207-Algae-Oil-Bill-Gates-Exxon-Mobil-China.html |
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