1 Big Oil Company That Sees a Future in Renewable Energy – NASDAQ.com
One of the directions that the country has to go, he says, is using renewable energy sources, such as wind and solar energy. You see more renewable companies coming to agreements with operating mines. Large renewable-energy projects for major mining companies, including Patterns projects with Antofagasta and SunEdisons with CAP, are demonstrating that alternative energy can be a very viable option. And renewable energy advocates perhaps for the first time in history are now able to boast that solar and wind might be able to deliver cost savings.
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The company is a leader in synthetic biology that, as fellow Fool Maxx Chatsko pointed out recently, has the potential to produce $1 billion in sales by the end of the decade . In addition, Total created a 50/50 joint venture with Amyris called Total Amyris Biosolutions that holds all of the intellectual property related to Amyris’ main product, farnesene, which can be used to make jet fuels, cosmetics, and solvents. In addition, Total has made small investments in wind farms and tidal energy, although they aren’t part of the company’s main new energy development.
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