Researchers at an Adelaide University have successfully isolated a gene that could see commercially viable quantities of biofuel produced.
The gene has been identified as causing production of the renewable algae responsible for underground crude oil resources.
Dr Steven Hensen, from World Wide Carbon Credits Limited, says it’s exciting for the future of biofuels.
“Now what we want to do, we want to take this and find the best organism to put it in to where it grows the fastest and produces the best oil and also take it to a commercialisation and scale it up,” he said.
“It’s the way that the world did it two million years ago and now we’re just doing it so we can do it faster.”