In Washington, Arzeda raised $12 million in a Series A round of funding, moving it forward on scaling up of their advanced protein design technology that is used for production of a range of chemicals and materials. The funding came from OS Fund, Bioeconomy Capital, Sustainable Conversion Ventures, and WRF Capital and will help beef […]
In Minnesota, Calyxt, the gene editing agriculture company, raised $56M and priced its NASDAQ initial public offering of 7 million shares at $8.00. The number of shares in the offering was sweetened to 7 million this week, from the original estimate of 6.06 million — and the price was substantially lower than the expected $15.00-$18.00 […]
In Washington state, Carbon War Room and SkyNRG have joined with the Port of Seattle to announce recommendations for long-term funding mechanisms that could supply all airlines at Seattle-Tacoma International Airport (Sea-Tac) with sustainable aviation biofuels. The report, titled Innovative Funding for Sustainable Aviation Fuel at U.S. Airports: Explored at Seattle-Tacoma International, reveals the financial […]
One of the more striking outcomes from the DOE Bioeconomy 2017 conference in Washington DC was confirmation of the demise of Joule Unlimited. “We had a lot of prospects last year,” former CEO Brian Baynes told The Digest, “but those new investor prospects walked away, particularly post election. The insiders would have been happy to […]
In Washington, U.S. Secretary of Energy Rick Perry today announced $40 million in Department of Energy awards for the establishment of four DOE Bioenergy Research Centers (BRCs), which will provide the scientific breakthroughs for a new generation of sustainable, cost-effective bioproducts and bioenergy. The following centers were selected based on an open competition using outside peer […]
After winning a small victory over the Germans during World War II, Winston Churchill said “Now this is not the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning.” Today, Biofuels Digest asks is this the end of jatropha? Or is it just the beginning? […]
A technology unlocking value in agriculture through accelerated breeding comes to the public markets. No time to read the 101,000 words on the complete IPO filing? Here’s our 5-minute version, with a translation of the risks into English. In Minnesota, Calyxt has filed an S-1 registration statement for a proposed $109 million initial public offering. The […]
In Washington, the U.S. Department of Energy, through the Bioenergy Technologies Office, announced the selection of three projects to receive up to $8 million, aimed at reducing the costs of producing algal biofuels and bioproducts. These projects will deliver high-impact tools and techniques for increasing the productivity of algae organisms and cultures. They will also […]
In Florida, Alliance Bio-Products reports receiving approval from the USDA Office of Rural Development for the collateral purchase of the 8 million gallon cellulosic ethanol plant originally built by INEOS New Planet Energy JV, and operated intermittently between 2012 and 2015 as INEOS sought to stabilize and demonstrate the technology, hoping to build a chain of […]
In Turkey, at the World Petroleum Congress, India’s flagship national oil company Indian Oil Corporation and carbon recycler LanzaTech unveiled a Statement of Intent to construct the world’s first refinery off gas-to-bioethanol production facility in India. The basic engineering for the 40 million liter per year demonstration plant will begin by Q4 for installation at […]
