Algae

Solazyme, a renewable algae-based fuels company headquartered in San Francisco, CA, has announced the closing of its initial public offering (IPO). According to the renewable fuels firm, the company netted $227.18 million by letting 12,621,250 shares fly at a price of $18 per, above the previously ...

Solazyme, a renewable algae-based fuels company, has priced its initial public offering (IPO) of 10.975 million shares of common stock at $18 per share, above the earlier estimated range of $15 to $17. Of the 10.975 million shares of common stock in the IPO, Solazyme is offering 10,375,000 ...

Approximately 17 percent of oil imported into the U.S. to be burned in vehicles could be replaced by algal fuel by 2022, according to a study conducted by the Pacific Northwest National Laboratory (PNNL). That is, if the U.S. makes a commitment to reduce its dependency on foreign oil by focusing ...

We've featured San Francisco-based Solazyme several times over the past few years, most notably for creating jet fuel from algae. Back then, the company estimated its algae-based fuel would be competitive with $40- to $80-per-barrel oil prices, to say nothing about the current $100-a-barrel ...

BioJet International Ltd. has received a whopping $1.2 billion of financial backing from Equity Partners Fund SPC. The massive amount of capital will allow BioJet, an international supplier of renewable aviation fuels, to fund its biofuel development and launch projects aimed at expanding the use ...

With the promise of 100 times as much fuel per acre than traditional sources like corn and soy, algae biofuel was thought to be the answer to biofuels. Last year, the U.S. Department of Energy even gave out $24 million for research on this new technology, including $9 million to Cellana. Who ...

The U.S. Department of Energy's (DOE) Biomass Program will host a webinar entitled "The Promise and Challenge of Algae as a Renewable Source of Biofuels" later today (2-4:30 p.m. EDT). This online conference marks the beginning of the DOE's series of webinars that will focus on the development of ...

Melbourne, FL-based PetroAlgae has filed an S-1 document with the Securities and Exchange Commission in the hopes of raising $200 million from an initial public offering. Unfortunately, despite the promise that algae shows as a feedstock for biofuels, PetroAlgae doesn't appear to have much to ...

For several years now, algae has been known to have huge potential as a feedstock for biofuels because it can yield up to 100 times as much fuel per acre than conventional sources like corn and soy. The problem is that no one has had much success commercializing production in a financially viable ...

Making biofuel from algae is not a new technology (getting it to work in commercial-scale plants at reasonable costs, that's another story), but it's also not one that is fully developed. Japan, for example, started a national algae biofuel project in the 1990s, but $10 barrels of oil killed that ...