Archive for the Algae Biofuels Category
BP prepares output of new biofuels algae diesel and butanol starting in 2010
BP could become the first major energy company to start commercial scale production of cellulosic ethanol in 2010 if all goes according to plan. BP has been partnering with Verenium Corporation to commercialize the latter company's process for breaking down cellulose into sugars. Verenium has bee
DOE funds to boost algae-based biofuels
The development of algae-based biofuels has received a boost after the US Department of Energy decided to award up to $85million from the American Recovery and Reinvestment Act towards their growth. The fuels that will benefit include renewable hydrocarbon fuels; and advanced, infrastructure-comp
Exxon Sinks $600M Into Algae Based Biofuels in Major Strategy Shift
Oil giant Exxon Mobil Corp. is making a major jump into renewable energy with a $600 million investment in algae-based biofuels. Exxon is joining a biotech company, Synthetic Genomics Inc., to research and develop next-generation biofuels produced from sunlight, water and waste carbon dioxide
Dow Plans Algae Biofuels Pilot
Dow Chemical is planning a pilot project with algae biofuel start-up Algenol Biofuels to convert waste CO2 into ethanol. The biorefinery is to be located in Freeport, Texas, at Dow’s largest manufacturing site. The project is contingent on Algenol’s receiving a Department of Energy grant for
PetroAlgae Raises $10 Million in Common Stock Offering
PetroAlgae Inc. (OTCBB: DVGL), a leading developer of systems to derive biodiesel fuels from algae, today announced that it has closed on a $10 million capital raise through the sale of approximately 3.2 million of newly-issued shares of common stock to two existing investors. "The proceeds f
