GoingGreen Silicon Valley has named it’s Top 100 for 2010 and on the list includes renewable biofuel and biochemical company, OPX Biotechnologies (OPXBIO). The list honors the companies that are developing technologies that will ‘change the world’ and ‘disrupt existing markets and entrenched players’. The list is based on five major categories including innovation, market potential, commercialization, stakeholder value, and …
Key Vote in US House Moves Forward Algae Biofuels
A key vote in the U.S. House of Representatives has moved forward a measure that will help the nation’s algae biofuels industry. Passage of H.R. 4168, the Algae-based Renewable Fuel Promotion Act, garnered praise from Sapphire Energy for two key Congressmen, Reps. Harry Teague (D-NM) and Brian Bilbray (R-CA) whose bi-partisan support lead to the bill’s passage: Congress took the …
Who Are the Next Biofuels IPOs?
On the heels of their great story yesterday on the investment in algal-biodiesel players PetroAlgae and Solazyme (not to mention Joanna’s piece on Gevo preparing for a $150 million IPO), our friends over at Biofuels Digest have put together a list of the top 10 most likely next IPOs in the biofuels sector. The list includes many Domestic Fuel regulars, …
Investors Fuel Algae-Biofuel Maker Solazyme with $52M
Algae-biofuel maker Solazyme has garnered $52 million in venture capitol from the likes of Morgan Stanley and Chevron. This article from the New York Times says the San Francisco-based company is using the money to commercialize its green fuel: Solazyme is one of the most successful companies working on algae, along with generously-funded Sapphire Energy. While most of its competitors …
San Diego, A Hot Bed of Algal Activity
Good news for biofuels this week as the California Department of Labor awarded the San Diego Biofuels Initiative a $4 million grant to train workers to join the biofuels workforce. The award was given through the “Green Innovation Challenge,” a green jobs initiative that is overseen by the state’s Department of Labor. According to an article on SanDiego.com, the San …
Expert: Algae Must Be Commercial Scale or Just Playing
A man who is considered to be the father of genomics says that if algae-based fuel makers can’t start making billions of gallons of fuel, they are just playing with investors’ money. This post on earth2tech.com says Craig Venter, the founder of synthetic biology startup Synthetic Genomics, made the remarks at the Wall Street Journal’s Economics conference this week: In …
Government Awards $600 Million in Advanced Biorefinery Projects
Joining Secretary Chu, Agriculture Secretary Vilsack noted that USDA Rural Development has selected San Diego, California based Sapphire Energy to receive a loan guarantee for up to $54.5 million through the Biorefinery Assistance Program to demonstrate an integrated algal biorefinery process that will cultivate algae in ponds, and will use dewatering and oil extraction technology to produce an intermediate that …
Future is Today for Five Producing Algae Biofuels
While I know we’ve talked about the promise of algae-based biofuels, especially biodiesel, many of you have pointed in derision to the seemingly always present caveat: in about five years… the amount of time the ideas seem to take until they’re ready for the street. But there are some companies that are not still five years away from making algae …
Car Completes Cross-Country Tour on Algae Fuel
A car that is part Prius Hybrid, part algae-biodiesel burner, has completed a 3,750-mile trip from San Francisco to New York City… the first cross-country trip running on a blend of algae-based gasoline in an unmodified engine. This press release from Sapphire Energy, the company that provided the green fuel, says the trip by the Alageus (Algae+Prius, get it?) took …
First Algae-Biodiesel Commercial Flight Scheduled for January
As you might remember from my post back last March 18th, Continental Airlines promised to test a biofuel in one of its commercial jets in 2009. Now, according to this story in Biodiesel Magazine, the company has set a date: On Jan. 7, Continental Airlines will conduct the first algae- and jatropha-based biofuel-powered demonstration flight of a U.S. commercial airliner …