Viridos signed a joint agreement with ExxonMobil with the intent to bring Viridos’ low-carbon intensity biofuels toward commercial levels.
ommenting on the collaboration, Viridos’ CEO, Dr. Oliver Fetzer, said that it will “bring sustainable algae biofuels technology closer to commercial deployment.”
In the next phase of the program, Viridos intends to broaden participation and invite others to build the ecosystem required for full-scale deployment.
The partnership now aims to build out the technology and agronomy to enable the commercial launch of Viridos’ low-carbon intensity algae biofuels.
In addition to their use in heavy transport, the algae biofuels could be used for aviation, commercial trucking, and maritime shipping.
The terms of the renewed partnership with ExxonMobil should enable other interested parties to access and advance the technology to accelerate the deployment of Viridos’ patented technology in pursuit of lowering global GHG emissions
Furthermore, Vijay Swarup, vice president of Research and Development at ExxonMobil, mentioned that the goal of this collaboration is to “help society identify and deploy the biofuels needed to reduce emissions from important sectors of the economy.”