Creating GMO's that produce fuel from CO2: A Craig Venter project.

(UPDATED CONTENT)

Craig Venter, one of the most famous geneticists alive, is working on a Genetically Modified microbe that will be able to metabolize atmospheric CO2 to octane. Although this type of micro-organisms already exist in nature, they do not produce enough fuel for commercial use. That is where Genetics Engineering kicks in. Check out the links.

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A couple of TED talks from him. In the first one he also mentions his plans for producing clean energy from engineered species

Talk 1

Talk 2

And a link for Craig Venters institute:

http://www.jcvi.org/