Viridos Executes Agreement with ExxonMobil to Help Scale Algae Biofuels

Viridos low-carbon intensity biofuels may substantially reduce greenhouse gas emissions while providing a sustainable and scalable option to help reduce GHG emissions in heavy-duty transportation

LA JOLLA, Calif.–(BUSINESSWIRE/AETOSWire)– Viridos Inc., previously Synthetic Genomics, a privately held biotechnology company harnessing the power of photosynthesis to create transformative solutions to help mitigate climate change, has signed a joint development agreement with ExxonMobil Research and Engineering Company (“ExxonMobil”) with the intent to bring Viridos’ low-carbon intensity biofuels toward commercial levels. “We’re excited to announce that ExxonMobil is continuing this collaboration with us to bring sustainable algae biofuels technology closer to commercial deployment,” said Viridos’ CEO, Dr. Oliver Fetzer. “The recent productivity advances in Viridos’ technology are an opportunity to turn…