Targeted Growth: 50 Hottest Companies in Bioenergy candidate profile

Targeted Growth
Based in: Washington
2008-09 ranking: Unranked

Business: Targeted Growth is a bioscience company, developing technologies that both increase seed size and yield in major crops. It has also developed a line of dedicated energy crops, including camelina and sugarcorn, as well as a non-agricultural feedstock – cyanobacteria algae for biomass. Targeted Growth products can be used for ethanol, biodiesel, and biojet. Major investors include Alliance Bernstein, Capricorn Investment Group, GrowthWorks, Skoll Foundation and Victoria Park Capital.

Model: Targeted Growth has a diversified approach to generating revenue.  Including partnership,ks commercial product development and commercial licensing. Targeted Growth is a decade-old bioscience company that derives revenue from commercial sales, partnerships and licensing.

Past milestones:

1. In January 2009 Targeted Growth provided camelina that powered a Japan Airlines test flight of a Boeing 747-300 aircraft. The test flight, which took place in Tokyo, Japan, was powered by biojet fuel derived from camelina (84%), jatropha (under 16%) and algae (under 1%) oil, refined by UOP Honeywell. The results of the flight conclusively confirmed the second-generation biofuel’s operational performance capabilities and potential commercial viability.
2. In July 2009 Targeted Growth announced it has developed a way to increase the lipid content of blue-green algae (cyanobacteria) by approximately 400 percent. This discovery dramatically increases the oil yield per acre, decreases the cost of algae production and helps algae-based biofuels become price-competitive with petroleum.
3. In early August 2009 Targeted Growth provided camelina used to power the Boeing U-787 unlimited hydroplane at the annual Chevrolet Cup at Seattle’s Seafair weekend. The U-787 boat became the world’s first to be powered by 100 percent sustainable biofuel and ran the fastest qualifying lap of the weekend at 153.6 miles per hour, six seconds faster than the previous year’s run on petroleum-based fuel.

Future milestones:

1. In January 2009 Targeted Growth provided camelina that powered a Japan Airlines test flight of a Boeing 747-300 aircraft. The test flight, which took place in Tokyo, Japan, was powered by biojet fuel derived from camelina (84%), jatropha (under 16%) and algae (under 1%) oil, refined by UOP Honeywell. The results of the flight conclusively confirmed the second-generation biofuel’s operational performance capabilities and potential commercial viability.
2. In July 2009 Targeted Growth announced it has developed a way to increase the lipid content of blue-green algae (cyanobacteria) by approximately 400 percent. This discovery dramatically increases the oil yield per acre, decreases the cost of algae production and helps algae-based biofuels become price-competitive with petroleum.
3. In early August 2009 Targeted Growth provided camelina used to power the Boeing U-787 unlimited hydroplane at the annual Chevrolet Cup at Seattle’s Seafair weekend. The U-787 boat became the world’s first to be powered by 100 percent sustainable biofuel and ran the fastest qualifying lap of the weekend at 153.6 miles per hour, six seconds faster than the previous year’s run on petroleum-based fuel.

Metrics: Targeted Growth announced it has developed a process to increase the lipid content of cyanobacteria by approximately 400 percent.

The Hot 50 for 2009-10 will be released Tuesday, 12/1. Between now and then, you’ll see profiles of potential candidates in the Digest, and you’ll have a chance to vote for your favorites. Reader response will count for 50 percent of a company’s overall score in the preparation of the rankings. The remaining 50 percent is voted by a panel of experts.

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