Here are the Complete match-ups in the 2011 Transformative Technologies Tournament. Links take you to a summary of the match-up, including company profiles. East Regional #1 Coskata vs #16 Range Fuels #2 KiOR vs #15 Butamax #3 Mascoma vs #14 PetroAlgae #4 Qteros vs #13 Inbicon #5 Algenol vs #12 Monsanto #6 Dupont vs #11 […]
In Washington, Agriculture Secretary Tom Vilsack announced that the USDA and DOE have awarded 10 grants totaling $12.2 million to spur research into improving the efficiency and cost-effectiveness of growing biofuel and bioenergy crops. The USDA and DOE projects are designed to improve special crops to be grown for biofuels-including selected trees and grasses-by increasing […]
In Washington, US Secretary of Agriculture Tom Vilsack, US Secretary of Energy Steven Chu, and US Assistant Secretary of the Navy Jackalyne Pfannenstiel provided a rousing opening to the DOE’s annual BIOMASS congress in Washington. Opening the conference, DOE Biomass Program Manager Paul Bryan noted that “Two years ago, we could have been called the […]
In Washington, on a cloture vote in the Senate to proceed to an amendment that would end the current ethanol tax incentive immediately, Senator Coburn’s amendment lost 40-59, falling 20 votes short of the sixty votes needed to obtain cloture. Why did the industry oppose the Coburn amendment? Critics of biofuels have described its leaders as “living off […]
In Texas, KiOR said that it now expects to raise $190-$241 million in its IPO. The company indicated in an amplified registration statement with the SEC that it expects to sell up to 11.5 million shares (including over-allotments, if sold) between $19 and $21 per share. The IPO originally aimed to raise $100 million, but […]
What makes a top strategic investor? Who are the players at the top of their investment game in biofuels now? The criteria First of all, by definition, strategic investors are generally non-financial corporate entities for whom the investment represents a strategic initiative. Second, the deals and companies must be visible and credible. Third, investors must […]
Today, subscribers can begin to cast their ballots for the 30 Hottest Companies in Renewable Chemicals and Biomaterials, for 2011-12. For a free Digest subscription, visit here. Balloting will be open to the registered subscribers of the Biofuels Digest, Biofuels Digest Asia, and Renewable Chemicals Digest e-newsletters, through July 20, 2011 at 5pm EDT. 33 […]
BioAmber Inc., a developer of bio-based succinic acid, has raised $45 million dollars in a Series B financing that will accelerate the commercialization of succinic acid and modified PBS (polybutylene succinate, a renewable, biodegradable polymer). The round was led by NAXOS Capital Partners and included Mitsui & Co, Sofinnova Partners, and the Cliffton Group. Proceeds […]
In California, Amyris announced the completion of the first industrial-scale production facility, in Piracicaba, São Paulo, Brazil at a facility owned by Biomin do Brasil Nutriҫão Animal Ltda., a company focusing on animal nutrition. The production facility is located expects to begin Biofene production in May. Amyris feeds sugar cane syrup into three dedicated 200,000 […]
In Colorado, Gevo announced it has signed an engineering and consulting agreement with Mustang Engineering to convert Gevo’s renewable isobutanol to bio-jet fuel. This effort will focus on the downstream processing of isobutanol to paraffinic kerosene (jet fuel) for jet engine testing, airline suitability flights and advancing commercial deployment. Gevo also announced that its “fit […]
