Big Oil on biofuels prowl?
Greenchipstocks neatly summarized a presentation by Don Paul, Executive Director of the University of Southern California Energy Institute, giving five reasons why Big Oil is “coming to cleantech,” and five more as to why Big Oil is headed for a major role in the renewable energy business. Notably, Paul was CTO of Chevron before joining [...]
Federal jury awards $10.4 million judgement against cellulosic ethanol’s Cello Energy
In Alabama, a federal jury ruled that mysterious cellulosic ethanol firm Cello Energy must pay $10.4 million to Parsons & Wittemore, a New York-based paper company and company investor. P&W had alleged that Cello Energy had fraudulently claimed it could produce low-cost fuel from cellulosic feedstocks. The company was found liable for $2.8 million in [...]
Algae pioneer Solix closes $16.8 million Series A financing with new Chinese investor
In Colorado, algae photobioreactor pioneer Solix Biofuels announced the completion of its $16.8 million Series A capital funding that added Shanghai Alliance Investment to its group. Proceeds will be used to finance construction and commencement of operations at the company’s Coyote Gulch Demonstration Facility, which will be operational by late summer 2009. I2BF Venture Capital, [...]
Dow Chemical to partner with Algenol in 24-acre algae facility; ethanol is target as base for bioplastics
In Florida, Dow Chemical announced that it will partner with Algenol Fuels to build and operate a 24-acre Texas-based algae biorefinery demonstration farm that will produce ethanol at a target cost of $1 per gallon.
The facility will be constructed at the Dow facility in Freeport, and will make ethanol that can be used as a [...]
