On December 11, 2007, oil giant Royal Dutch Shell made headlines when it announced it was giving a whopping $80 million to a group of Hawaii-based marine scientists to essentially grow pond scum. The resulting joint venture, Cellana, had big hopes of turning fast-growing, environmentally sustainable, and oil-rich microalgae into biofuel. “Algae have great potential as a sustainable feedstock for production of diesel-type fuels,” promised Shell Executive Vice President Graeme S
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