Tag Archives: Investment

More from the World Congress in Washington

Day two of BIO’s World Congress on Industrial Biotech brought more announcements from Genomatica and BIO itself, and day three promises exciting news from Ceres — The Energy Crop Company, according to sources. Genomatica successfully scaled its first commercial product — 1,4 butanediol (BDO), a product with a $3 billion market used to make spandex, automotive plastics, running shoes, etc. — to pilot scale, running multiple successful batches of 3,000 liters. Genomatica uses computer aided Read More >

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Biofuels Done Right?

Images from the “slow-motion catastrophe” that began last week 50 miles off the coast of Louisiana brought to mind a bit of sarcasm I offered to a colleague almost exactly a year ago. The NRDC was running the below ad on Capitol Hill, saying, “Biofuels. If we’re going to use them, let’s do it right,” with a picture of the deforestation that many assumed would occur from use of biofuels. My facetious idea was to Read More >

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Ways and Means Should Include Job Creation of Advanced Biofuels and Bioproducts in Green Jobs Leg

On Wednesday, April 14 the House Ways and Means Committee will hold a hearing on Energy Tax Incentives Driving the Green Job Economy. The focus of the hearing is to examine the effectiveness of current energy tax policy and identify additional steps that the Committee can take to ensure continued job growth in this area while at the same time advancing national energy policy focus on a discussion of current and proposed energy tax incentives. Read More >

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DOE Awards Grants to Biofuel, Chemical Biorefineries

Last month, Energy Secretary Steven Chu and Agriculture Secretary Tom Vilsack announced 19 biomass projects that would receive renewable energy grants under the American Recovery and Reinvestment Act. The list included 14 pilot, 4 demonstration, and 1 commercial-scale project, receiving a total of $561 million in grants ranging in size from $2.5 million to $81 million. The projects will be located in 15 different states. Additionally, Vilsack announced a $54.5 million Biorefinery Assistance Program loan guarantee Read More >

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BIO Pacific Rim Summit: Status of Cellulosic Ethanol Commercialization

Qteros, ZeaChem and Verenium presented updates on their efforts to bring three unique cellulosic ethanol processes to commercial status. Qteros CTO Kevin Gray described how the company’s Q Microbe™ (Clostridium phytofermentans) enables a single step (consolidated bioprocessing) conversion and fermentation process for fuels. This approach can save as much as 40 percent in production costs. Qteros is currently scaling its technology up for a 100 liter laboratory bioreactor. ZeaChem President and CEO Jim Imbler outlined Read More >

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