KiOR is a mess and provides yet another cautionary tale to energy entrepreneurs and investors.
The long-promised but perpetually fledging biofuel industry still remains a big focus of government support. The U.S. Department of Agriculture announced Thursday that it has made a conditional commitment for a $232.5 million loan guarantee to biofuel maker ZeaChem.
Despite the lack of results, next-gen biofuel companies continue to receive a significant amount of both government and VC support. At what point will the funding transform into advanced biofuels being produced at scale?
Biocrude startup KiOR filed for a $100 million IPO on Monday, laying out just how it hopes its process for turning wood chips into a crude oil substitute could compete against the oil industry on price per gallon.
Over three years ago I put together this table on 10 of Khosla Venture’s biofuel bets. Given a couple of these companies have gone public, been sold off, or stalled, I decided to look back at these firms with this updated cheat sheet.
We already know of companies that want to turn garbage into transportation fuels. Now comes Genomatica, which announced Wednesday a technology development agreement with Waste Management to turn trash into chemical additives for markets beyond fuel.
Trash-to-fuel technology could be the quiet front-runner in the next-generation of biofuels. Fulcrum BioEnergy said Tuesday it has lined up $75 million and plans to start building its first commercial refinery using municipal trash this summer.
Biofuel production nationwide has been woefully behind schedule as would-be producers struggle to just get their first commercial plants rolling. The U.S. government wants to help and on Thursday announced loan guarantee commitments totaling $571 million for Coskata, Enerkem, and a JV from Valero.
Apple’s $1 billion data center in North Carolina made headlines when the project was revealed in May 2009. New reports indicate that the facility is set to open “any day now,” according to local officials, and could possibly double its current 500,000 square foot size.
Rev your engines, auto startups — there’s a new VC in town. General Motors (s GM) announced this morning that it has created a new subsidiary to identify, develop and invest in innovative technologies in the transportation sector.