Bio-fuels are produced by converting organic matter into fuel for powering our society. These bio-fuels are an alternative energy source to the fossil fuels that we currently depend upon. The bio-fuels umbrella includes under its aegis ethanol and derivatives of plants such as sugar cane, as well aS vegetable and corn oils. However, not all [...]
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-compatible cellulosic biofuels such as ‘drop in’ renewable hydrocarbon fuels. The DOE is [...]
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 by photosynthetic pond scum. “The world faces a significant challenge to [...]
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 up to $25 million, or no more than half [...]
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 from this offering are expected to help finance the [...]
