Often times, it appears that people pit first generation biofuel technologies against second generation biofuel technologies. This leads me to ask the question, Why can’t we all get along? Well, now we can with the convergence of conventional ethanol technologies and emerging algal biomass technologies being developed by BioProcess Algae. BioProcess Algae is based in Portsmouth, Rhode Island and the …
VG Energy Retains BioProcess Algae For Project
VG Energy, a subsidiary of Viral Genetics, has hired BioProcess Algae to verify the lab results for its biofuel process. VG Energy is preparing to take its process to commercial scale. On the pilot scale level, the company’s proprietary technology has produced algal-biofuels at prices they believe will be competitive with or better than current oil prices. However, before they …
Solix Secures $16M in Financing, Changes Name
Solix Biofuels has announced that they have received more than $16 million from inside investors in the first part of its Series B round of financing. The monies will be used to drive the commercialization of the company’s algae growth system, the AGS, that utilizes Solix’s proprietary high-productivity photobioreactors. Investors include Bohemian Ventures, The Southern Ute Alternative Energy Fund and …
PetroAlgae Inks Deal with Haldor Topsoe
PetroAlgae has inked a deal with Haldor Topsoe to provide technology and catalysts to upgrade oils produced from PetroAlgae’s biomass through refinery coking processes and pyrolysis into drop-in renewable fuels including diesel and jet fuels. Haldor Topsoe is global company focused on the refining, petrochemical and power industries. Under the agreement, the two companies will work together to apply Haldor …
OriginOil Shifts to Commerical Stage Development
OriginOil has officially shifted from development phase to commercialization phase of producing algal fuels. As part of the company’s fast-track process, they have hired Paul Reep as the Senior Vice President of Technology, who will also hold a seat on the Board of Directors. “OriginOil will continue to innovate, it’s in our DNA,” said Riggs Eckelberry, OriginOil CEO. “Meanwhile, a …
Solazyme Files For IPO, Partners with Dow
Solazyme has announced that it has filed a registration statement on Form S-1 with the Securities and Exchange Commission (SEC) for a proposed initial public offering (IPO). Morgan Stanley & Co. Incorporated and Goldman, Sachs & Co. will act as joint book-running managers for the offering with Pacific Crest Securities and Lazard Capital Markets as co-managers. At this time, the …
Monsanto & Sapphire to Colloborate on Algae
Agribusiness company Monsanto and algae company Sapphire Energy have announced a partnership to “discover” genes that could be applied to agriculture particularly in the areas of yield and stress. As Sapphire works to bring algal fuels to commercial scale, the company is searching for traits that make a particular strain of algae better suited for fuel or other biochemicals. In …
Alltech Holds Algae Conference
Animal health and nutrition leader Alltech recently wrapped up its first conference on algae. This company press release says the invitation-only conference, entitled “Algae: The Growth Platform,” was the company’s first international conference, drawing 60 attendees from around the world to Lexington, Kentucky: “This conference is important to the region, to the state, and to the future of science. What …
Updated Algae 2020 Study Released
In a market research report released today, Algae 2020, Vol. 2, Emerging Markets Online highlights why some algae companies will be winners and some will be losers bringing their product from pilot to commercial scale from 2011-2020. The report concluded that of all the current algae production companies, R&D ventures and public-private partnerships currently in play, less than a dozen …
Mexico Partners with OriginOil on Algae Project
The Mexican government is getting into the renewable fuels game – they are funding a pilot scale algae project spearheaded by OriginOil to develop renewable jet fuel. The government is using the project to demonstrate industrial algae production and then hopes to launch the project into a substantial investment in large-scale jet fuels production. “We are excited to support Mexico’s …