In New Mexico, closely watched algae startup Sapphire Energy, which launched with a $50 million early stage investment round in Silicon Valley, is negotiating with officials in Las Cruces for an open-pond based algae farm. Las Cruces City Council is looking at a proposed initial purchase of 10 acres for a production facility. In the proposed deal, Las Cruces would donate 90 acres in an industrial park area to Sapphire Energy, valued at $1.35 million after Sapphire purchases the initial ten acres and invests $6 million in its facility. The company states in its filing that it will eventually acquire 2000 acres for its commercial test plant.
In California, Bill Gates and the Rockefeller family trust led a round of new investors in Sapphire Energy, which has now raised more than $100 million for its algae based "green crude" technology, an...
In California, Sapphire Energy debuted it's "green crude", a gasoline equivalent refined from algae. The company did not disclose its production process but said that it is producing 91 octane gasolin...
Verenium filed a $150 million shelf offer with the SEC in support of a new capital raise. The company says that it plans to sell 3 million shares at $50 to raise $150 million in new equity, although i...
In Colorado, algae biofuel producer Solix Biofuels announced that it has raised $10.5 million in its Series A, first-round of outside financing from cleantech investors. The company said that it has a...
In New Mexico, researchers at the Center of Excellence for Hazardous Materials Management in Artesia said that they will be ready for a commercial demonstration of algae-based biofuels within 18 month...
In New Mexico, the Center for Excellence for Hazardous Materials Management in Carlsbad said that it is less than two years from a major algae oil production demonstration using five strains of algae ...
