Next-gen biofuel company KiOR has long planned to raise more money to get its first commercial-scale biofuel facilities off the ground. On Friday morning the company revealed that it has raised a new $75 million loan from existing investors Alberta Investment Management and Khosla Ventures.
Asia, with its rapidly growing number of car owners and large pollution problems, could very well be the biggest market for biofuels and green chemicals one day. LanzaTech, which announced Monday it has raised $55.8 million, is certainly finding more willing customers and partners Asia.
This weekend in New York City, dozens of developers gathered for the second Cleanweb Hackathon, where programmers spent the weekend building mobile and web apps around new ways to manage energy. The event is the latest sign the ecosystem around clean technology is changing.
Looks like investors are still willing to fund pre-commercial next-gen biofuel startups. Joule — the startup behind the unusual hybrid solar-biofuel technology that launched back in 2009 — announced it has raised a third round of funding of $70 million, bringing its total funding to $110 million.
Oil giant BP has invested in biofuel startup CoolPlanet BioFuels, according to an announcement on Thursday. CoolPlanet BioFuels is the biofuel startup you have never heard of but that has unusually famous investors like GE, Google, NRG Energy and ConocoPhillips.
Out of all of Google’s close to $1 billion in clean power projects, turning biomass into energy seems like the least relevant technology to Google’s core business. But Google has made a few small investments into biomass projects, including a hog waste to energy project.
Yet another company using plants and biomass to replace petroleum products is looking to go public. On Monday morning, startup BioAmber announced that it has filed for an IPO that could raise up to $150 million.
Biofuels were envisioned to help to make the world a better place, but here comes a National Research Council report on Tuesday that casts doubt on the environmental and economic benefits of biofuels and the U.S.’s ability to meet its own production mandates.
Kleiner Perkins has another biofuel and biochemical company up its sleeve. On Tuesday, a Kleiner-backed startup called Renmatix, which makes sugar from biomass that can be turned into biofuel and biochemicals, came out of stealth during an event in King of Prussia, Pennsylvania.
Yet another Khosla Ventures-backed biofuel company has filed to go public. On Friday cellulosic ethanol company Mascoma filed an S-1, indicating it plans to raise a maximum of $100 million in an IPO.