In Montana, Rivertop Renewables announced a $1.5 million bridge round investment in the company from Cultivian Ventures. This funding will allow Rivertop to continue the commercialization of its first products – sustainable, high performing, cost-competitive, bio-based detergent builders and corrosion inhibitors. It will also allow the company to expand their facilities for continued research and […]
Today on Twitter. BizCourierMonk: And Jon Newberry’s take on a new biofuels venture in Gallatin County: Hokuboku: Scientists succeed in forming a “feedback loop” between a computer and a common yeast: This could lead to new biofuels CherylSamantha: Biofuels/land Investments of this kind may generate significant profits for those involved but this kind of investment […]
In Utah, Utah State University is currently working on a portable floating algae pond that the University hopes will be scalable in the world’s large oceans or coastal regions. The one-acre pond may produce up to 3000 gallons of fuel per year.
In Washington, presidential candidate Jon Huntsman has been receiving criticism from the media regarding his no-subsidy energy policy. On Tuesday, Hunstman said in a speech in Nevada, “I will systemically begin to eliminate every subsidy for energy companies, whether it be oil, natural gas, wind or solar.”– a risky move with the Iowa caucuses coming […]
The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, fell 0.80 percent to 74.05 despite traction on Solazyme and Biofuel Energy. For the day, Archer Daniels Midland (ADM) dropped 1.09 percent to $29.05, while Biofuel Energy (BIOF) rocketed up another 15.38 percent to $0.60. Among other equities, Solazyme (SZYM) soared 6.79 percent to […]
In Illinois, the Digest has learned that United Airlines will operate the first U.S. commercial flight powered by advanced biofuel, utilizing Solazyme Solajet fuel, on Monday, November 7. UA Flight 1403 will depart from United’s hub at Bush Intercontinental Airport (the heart of big oil) and fly to the airline’s hub at Chicago O’Hare International Airport. […]
Hey – don’t swat that national energy solution. Endowed with special planet-saving powers – e.coli, fungi, termites, flies and bacteria are like the SuperFriends of Saturday mornings past. Mom taught you well, I’ll bet. Swat the flies, pour disinfectant on a slimy mold, and shock a pool or pond that has algae in it. Never […]
In Tennessee, Eastman Renewable Materials, a wholly-owned subsidiary of Eastman Chemical Company, announced that it has acquired the assets of TetraVitae Bioscience, Inc., located in Chicago, Ill. TetraVitae is a leading developer of renewable chemicals, including bio-based butanol and acetone. Terms of the transaction were not disclosed. “This announcement is a demonstration of Eastman’s continued […]
In Ohio, Rex American increased its equity ownership of NuGen Energy to about 98%, with the remaining 2% being held by local farmers. With just a 48% ownership, Rex reported pre-tax earnings of $9.3 million plus dividents of $3.1 million for the period ending July 31. This brings Rex’s total production capacity to 219 MGy, […]
In Florida, Dyadic reports that total revenue for 3Q, ending September 30, increased 30% to $2.6 million compared to $2.0 million for the quarter ended September 30, 2010. Total revenue for the nine months ended September 30, 2011 increased 27% to $7.9 million compared to $6.2 million for the same period last year. The increase […]
