Arisdyne Systems Inc., an alternative fuel, cavitation technology and equipment company headquartered in Cleveland, recently raised $5.3 million in new equity financing to facilitate research on biofuel production methods. The company is now well positioned to expand research in biofuels by exploring related technologies as well as processing non-food feedstocks. Additionally, more resources can now […]
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Alameda renewable energy firm Aurora Biofuels Inc. raised $20 million in a second round of venture financing. Interest in algae, which is oily and grows very fast, as a biofuel feedstock is increasing, in part because microalgae are thought to produce more bio-oil per acre than traditional biofuel feedstocks such as corn and soybeans, and […]
American Biomass Corporation, the leading national distributor and online retailer of wood pellets and biomass fuels for residential heating, today announced it has closed $4 million in Series A funding. Solid biomass fuels, predominately wood pellets, are a domestically produced, renewable, carbon-neutral energy source that can heat homes for less than half the cost of […]
Sapphire Energy Inc., a Sonoma, Calif.-based company that creates “green” gasoline by produces crude oil out of algae, has raised over $50 million in VC funding. Sapphire Energy was founded to address the overwhelming inadequacies of current biofuel approaches and the profound costs of American dependence on foreign oil. The company has built a revolutionary […]
Gevo Inc., a Pasadena, Calif.-based developer of advanced biofuels like butanol, has raised $17 million in Series C funding. “What separates us from other biofuel technology companies is three critical pieces of technology we have developed to efficiently and cost-effectively produce advanced biofuels on a large scale: Protein Engineering of Biocatalysts — Metabolic Engineering of […]
Range Fuels Inc., which says it can produce cellulosic ethanol out of wood scraps, has raised $100 million to build a 100-million-gallon-a-year plant in Georgia. Range Fuels uses thermochemical processes to convert forestry wastes into ethanol. The alcohol can be mixed into gas, or be turned into E85, which is 85 percent ethanol. The process […]
Coskata Inc. has raised $19.5 million in a second round of funding that will be used towards construction costs of its first 100 Mgy (million gallons per year) cellulosic ethanol plant. The company projects that its waste-to-ethanol process can produce fuel at $1 per gallon. Coskata aims to produce 100 Mgy of cellulosic ethanol based […]
Mascoma Corp., a Cambridge, Mass.-based provider of cellulosic biomass-to-ethanol development and production, has raised $30 million in equity funding and $20 million in debt funding. Mascoma was founded in 2005 by Dartmouth professors Lee Lynd and Charles Wyman. The company is developing enzymes for the conversion of organic material (wood, straws, fuel energy crops, paper […]
Arkalon Ethanol LLC has closed on its 110 MMgy ethanol plant planned to be located near Liberal, Kan. The deal, totaling $113 million in senior debt, will be used toward the construction and operation with a $97 million term loan for the construction of the plant and a $16 million working capital facility for operations. […]
OPX Biotechnologies, Inc., a new company dedicated to enabling economically viable biofuels and biorefined chemicals, announced today that it has secured $3.6 million in venture funding. Using a proprietary set of tools and IP known as SCALEs that enable massively parallel full genome search, identification of specific causative genes, and rapid genetic modification and testing, […]
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