Here’s the bad news from next-gen biofuel producer Range Fuels: The company has let some workers go. But the good news the company wants you to know is that Range Fuels is still planning to produce enough cellulosic ethanol to meet a government estimate for 2011.
Biofuel and biochemical startup LS9, which is using a genetically modified version of e.coli bacteria to make diesel, has closed a round of $30 million led by the investors at BlackRock, and also including the company’s existing investors Khosla Ventures, Flagship Ventures and Lightspeed Ventures.
The government has always played a big role by subsidizing our transportation fuels it make them cheap. The U.S. Department of Agriculture on Thursday said it’ll continue the tradition by helping out farmers and landowners to grow and ship energy crops.
Algae fuel is likely decades from powering our vehicles, which is one of the reasons that federal lawmakers already are focusing on tax breaks for companies in the field. Yesterday the House passed a bill that gives $1.01 per gallon tax credit to algae fuel producers.
Seaweed: great for sushi, skin care and … powering cars? Bio Architecture Lab (BAL) thinks so, and it announced Wednesday that it has lined up a Norwegian oil heavy weight, Statoil, to help it bring its technology to market.
Joule Unlimited, a startup that promises to genetically engineer an organism that eats CO2 and produces a drop-in diesel fuel, has landed a patent on its “recombinant biosynthesis” technology.
Another week, another $53.5 million in Department of Energy green tech funding. Friday is a good day to recap the week’s green stimulus events, which started on Tuesday with DOE giving $8.5 million to five projects aimed at integrating distributed solar power into the grid. Wednesday saw DOE hand out $16.5 million in bio-energy grants — $12 million for biofuel research and another $4.5 million to study how best to grow crops for fuel. And on Thursday, DOE gave $28.5 million in state energy efficiency block grants, mostly aimed at boosting building energy efficiency retrofit markets.
Propel Fuels, a startup trying to create a brand around alternative fuels, held a grand opening at a biofuel station in Oakland, Calif. on Tuesday and announced a plan to add 75 new stations in California by the end of 2011.
Dutch oil giant Shell and Brazilian ethanol giant Cosan sealed the deal Wednesday on a $12 billion joint venture to turn sugarcane into pump-ready fuel. How will the massive partnership affect Codexis, Shell’s biocatalyst partner and recent entrant to the public markets?
The well-funded Range Fuels said it has begun producing cellulosic methanol from its first commercial factory and plans to begin making cellulosic ethanol sometime this quarter.