ExxonMobil (XOM) says its $600M foray into creating motor fuels from algae may not succeed for...

|About: Exxon Mobil Corporation (XOM)|By:, SA News Editor

ExxonMobil (XOM) says its $600M foray into creating motor fuels from algae may not succeed for at least another 25 years because of technical hurdles. Scientists have not yet been able to develop a strain of algae that reproduces quickly enough and behaves in a manner that would produce enough raw material to supply a refinery.