Shares in Solazyme, the makers of algae biofuels and algae-based oils and chemicals used in health and beauty products, began trading on Nasdaq under the symbol SZYM.O on Friday. The business set an initial public offering price at $18, but its stock opened at $20 and traded between $19.60 and $22.00 throughout the day, with 10.98 million shares sold, raising about $197.6 million for the… → Read More
Cobalt Technologies, a cleantech startup in Mountain View that develops and makes biobutanol, closed a $20 million series D funding round, the company revealed today. The investment arm of Parsons & Whittemore (the Whittemore Collection) led the round, joined by all of Cobalt’s earlier venture backers: Pinnacle Ventures, Malaysian Life Sciences Capital Fund, VantagePoint Capital Partners, Life… → Read More
This week, the U.S. Environmental Protection Agency issued Energy Star ratings for large vat commercial fryers. These appliances are used by high-volume dining establishments — like fast food chains, institutional cafeterias and full-service restaurants— to make french fries, hush puppies and anything else Paula Deen would promote, in bulk.
Encouraging the industry to upgrade to more… → Read More
CoolPlanetBiofuels — a company that converts grass, woodchips, and other non-food crops and farm residue into high-grade fuel — attracted a series B investment From Google Ventures, the companies revealed Thursday.
San Diego-based SG Biofuels secured a series A investment of $9.4 million led by two privately held companies involved in the development of renewable energy, chemicals and biotechnology, Flint Hills Resources in Kansas, and Life Technologies Corporation in Carlsbad, Calif.
SG Biofuels catalogs, develops and produces seeds for a crop called Jatropha, which is a drought-resistant plant used to… → Read More
Biofuel producer Solazyme delivered 1,500 gallons of its algae-based jet fuel to the U.S. Navy’s testing and certification program today, helping the military reach its goal of switching half of its fleet to clean fuel by 2020. The Navy will use the fuel to power jets.
Solazyme produces fuel by fermenting algae to create oils and biomaterials including fuel, skin care, chemical and animal feed… → Read More
Major Japanese oil wholesaler Nippon Oil and Hitachi subsidiary Hitachi Plant Technologies are developing a technology that’s supposed to make it possible to mass-produce eco-friendly jet fuel from Euglena, single-celled organisms that live in ponds and lakes.
Do you know how hard that headline was to write? So hard!
Anyway, scientists at Imperial College London found a form of degradable polymer made of sugar which would, in theory, allow you to add your plastic bottles to your compost pile and watch them degrade into happy, healthy plant food. → Read More
Using excess or leftover corn as a fuel source sure sounded like a good idea, especially here in the U.S. Let’s get our farmers from, I don’t, Iowa, to set aside a certain percentage of arable land for the production of fuel corn. (The term “fuel corn” may or may not exist, but it should if it doesn’t.) This corn, rather than being used for food, would be used for the… → Read More
First of all, I think it should be said that the whole corn-as-fuel idea is a red herring when it comes to alternative energy. The corn industry is a bloated mess and throwing the demands of widespread biofuel use into the mix would probably push it beyond the breaking point and make for some really weird corn politics. That said, if the process of fueling some things with corn is made easier and… → Read More
There’s been riots over the rise in food prices. You may heave heard about, or even seen first-hand, rising food costs. (As have I—milk is how much?) Just be grateful you’re not a biofuel producer, since those guys are feeling some heat, namely for “crimes against humanity.” That’s a hard accusation to shake, methinks. Certain individuals are blaming biofuel… → Read More
Why can’t anyone take a dignified mugshot anymore? This man, David Richardson, was arrested for trying to steal used cooking grease from a Burger King. He was to use the grease for his biofuel Wacky Races car. While I agree he should have been arrested for even going to a Burger King—I’m a Howard Dean-loving, latte-drinking, New York liberal*—he should have known better. → Read More
[photopress:vacoconut.jpg,full,center] A Virgin Atlantic airplane fueled by a coconut and babassu nut biofuel mixture flew from London to Amsterdam at the weekend. It was the first commercial airline to fly on a biofuel mixture, something that Virgin’s Sir Richard Branson said would forever change the way the airline industry operates. Before you run around, telling your friends that the… → Read More
Sir Richard Branson’s Virgin Atlantic airline will conduct a test flight at the end of the month wherein a Boeing 747 will fly from London to Amsterdam using an 80/20 blend of conventional fuel and biofuel, respectively. The plane will carry no passengers but will be “the first time a commercial aircraft has flown on biofuel,” according to the San Francisco Chronicle. → Read More