Saysys sends an excerpt from a story at the Globe and Mail: "In September, a privately held and highly secretive US biotech company named Joule Unlimited received a patent for 'a proprietary organism' – a genetically engineered cyanobacterium that produces liquid hydrocarbons: diesel fuel, jet fuel and gasoline. This breakthrough technology, the company says, will deliver renewable supplies of liquid fossil fuel almost anywhere on Earth, in essentially unlimited quantity and at an energy-cost equivalent of $30 (US) a barrel of crude oil. It will deliver, the company says, 'fossil fuels on demand.' ... Joule says it now has 'a library' of fossil-fuel organisms at work in its Massachusetts labs, each engineered to produce a different fuel. It has 'proven the process,' has produced ethanol (for example) at a rate equivalent to 10,000 US gallons an acre a year. It anticipates that this yield could hit 25,000 gallons an acre a year when scaled for commercial production, equivalent to roughly 800 barrels of crude an acre a year."
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