Calling themselves a «victim of the economy,»
algae biofuel company GreenFuel Technologies is shutting down, Greentech Media reports: TreeHugger had of GreenFuel
Here's
another algae biofuel company to watch: Solix Biofuels, based in Fort Collins, Colorado has announced that it has raised $ 10.5 million in a first round of funding, and has reached an agreement with investors for a
Last month, Sapphire Energy,
an algae biofuel company that participated in the Continental test flight, said it would be producing 1 million gallons of diesel and jet fuel a year by 2011 (Greenwire, April 28).
Not exact matches
The research could lead to the technical ability to make 10,000 barrels of
algae biofuel a day by 2025, the
companies...
The Energy Department focuses on the next generation of energy technologies — from advanced nuclear reactors to
algae biofuels — conducting basic research in its network of 17 national laboratories, and aiding private
companies struggling to bring risky new technologies to market.
And Synthetic Genomics, the
company he founded in 2005, aims to create fuel - producing microbes, including
algae biofuels in a $ 300 million agreement with ExxonMobil.
Another survivor that managed a soft landing was Solazyme, a San Francisco startup that developed a
biofuel from
algae and sugar that seemed to hold promise until the
company's stock price began to crash last year.
There are other people who have talked about changing microalgae — green
algae that floats in the water — into advanced
biofuel, but [using] seaweed is unique,» said DuPont's Nathan Danielson, a program manager who oversaw the
companies» DOE grant application.
Biofuel Shell is particularly interested in
biofuels, especially
algae, as is ExxonMobil, which last year invested $ 600 million in Craig Venter's
company Synthetic Genomics.
Historically, commercial
companies have outspent universities and the federal government at least 10 - to - 1 in research of
algae fuels, an inverse pattern compared with investment for other forms of
biofuels.
ExxonMobil is teaming up with the biotech research
company run by genomics pioneer Craig Venter to produce
algae - based
biofuels.
This week at Fast
Company, we looked at BP's move into next - generation
biofuels, a plan to grow
algae quickly and efficiently in abandoned mines, EnerDel's hybrid makeover of the Humvee, and the world's tallest green building.
There are dozens of
companies and more universities working on
algae to
biofuel processes.
Energy
company PetroSun's
algae - to -
biofuel facility in Rio Hondo, Texas is expected to begin functioning tomorrow, April 1.
He is president and director of research and development for Valcent Products Inc., a
company aiming to bring to market
algae - to -
biofuel technology.
Only yesterday we reported on a
company promoting
algae biofuels technology to KLM airlines and major cruiseships, although it has to be said that some of our commenters were a little sceptical.