Transforming the oil industry (Image: Agencia EFE / Rex Features)

Genome pioneer Craig Venter has teamed up with Exxon Mobil to turn living algae into mini oil wells. How will they do it?

Algae that can turn carbon dioxide back into fossil fuel – it sounds too good to be true. How is this going to work?

Algae use carbon dioxide to generate a number of oil molecules, via photosynthesis, as a way of storing energy. People have been trying to make them overproduce the oil and store it. We’re changing the algae’s gene structure to get them to produce hydrocarbons …