NYTimes: Exxon to Invest Millions to Make Fuel From Algae

NYTimes: Exxon to Invest Millions to Make Fuel From Algae
To me, this is a significant milestone in biofuels. A huge corporation sees the writing on the wall, and joins with a maverick innovator to use algae which has a much higher biofuel yield per acre and can be grown places that are currently not useful real estate.

Exxon to Invest Millions to Make Fuel From Algae
By JAD MOUAWAD
The program is a joint venture with a biotech company founded by the genomics pioneer J. Craig Venter....

http://www.nytimes.com/2009/07/14/business/energy-environment/14fuel.html