algae biofuel

Armed and ready for action, the U.S. Navy's Sikorsky MH-60S Seahawk helicopters are fear-inducing machines. However, we'd be willing to bet that most of the U.S.' opponents have no clue that this bird can take to the skies powered by algal-derived fuels. Recently, the U.S. Navy successfully ...

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 ...

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 ...

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 ...

The DOE is getting ready to spend $85 billion on research to create biofuels made from algae and other advanced techniques. The American Recovery and Reinvestment Act funds will be made available "for the development of algae-based biofuels and advanced, infrastructure-compatible biofuels" that ...