The Buzz

Algenol Acquires Cyano Biofuels

March 2, 2011
AlgaeIndustryMagazine.com

Algenol Biofuels Inc. has announced that its parent company, Algenol LLC, recently acquired Cyano Biofuels GmbH, located in Berlin, Germany. Cyano brings extensive experience in producing hybrid algae to make ethanol and green chemicals, and increases Algenol’s research and development capacity while strengthening its access to European expertise in biotechnology and algal research.

Algenol LLC previously held an indirect, minority position in Cyano Biofuels, and has worked closely with the German company for the past three years. Cyano Biofuels was founded in 2007 and is located in the Adlershof technology park in Berlin. Cyano Biofuels has strong ties to leading German universities and is a spin-off from Humboldt-University.

“Combining our companies will accelerate our ability to fully develop Algenol’s DIRECT TO ETHANOL® technology and move us more rapidly toward commercialization,” said Paul Woods, Algenol’s co-founder and CEO. “The Berlin area is well known for its world-class research on microalgae and is a perfect place to hire talented scientists and technicians. We plan to continue Cyano Biofuels’ collaborations with German universities and believe these collaborations will add significant new technology and new capabilities to our Company.”

“Algenol is the perfect partner for us,” said Dan Kramer, CEO and co-founder of Cyano Biofuels GmbH. “We have extensive experience working together and are certain that Cyano Biofuels will thrive in combination with Algenol. With Algenol’s state-of-the-art new laboratories in Lee County, Florida, and plans to build a pilot-scale biorefinery in 2011, we eagerly look forward to making the transition from a development stage company to a commercial company in the near future.”

For more information on Algenol, see the Paul Woods interview in the current issue of A.I.M.

Go to Page

Copyright ©2010-2011 AlgaeIndustryMagazine.com. All rights reserved. Permission granted to reprint this article in its entirety. Must include copyright statement and live hyperlinks. Contact editorial@algaeindustrymagazine.com. A.I.M. accepts unsolicited manuscripts for consideration, and takes no responsibility for the validity of claims made in submitted editorial.

Visit the A.I.M. Archives

AIM interview ArchivesAlgae 101 ArchivesHot Products ArchivesInnovations ArchivesMoney ArchivesProcess ArchivesResearch ArchivesScale Up ArchivesThe Buzz Archives

FREE Algae News & Updates

Sign up to receive breaking A.I.M. updates!

From The A.I.M. Archives

— Refresh Page for More Choices
The U.S. Department of Energy’s just released 2016 Billion-Ton Report: Advancing Domestic Resources for a Thriving Bioeconomy summarizes the most recent estimates of pote...
Natural Icelandic astaxanthin supplier, ArcticFarma, has reached an agreement with a subsidiary of China-based BGG to rename itself in order to avoid market confusion. “B...
The water sample taken from the St. Lucie River near the coastline of Ft. Pierce, Florida was loaded with blue-green algae when it arrived in Ben Spaulding’s lab in Scarb...
Algae.Tec has announced that, with the completion of the US$1M injection by Gencore, their nutraceutical plant upgrade in Cummings, Georgia, is progressing ahead of sched...
Stavanger, Norway-based Skretting, a 100+ year-old leader in the manufacture and supply of aquaculture feeds for fish and shrimp, has announced that they are now offering...
Jason Smith reports for undercurrentnews that Kentucky-based Alltech is willing to invest in overseas algae production plants closer to its feed customers if demand for i...
Portuguese microalgae producer, Allmicroalgae Natural Products S.A., has moved to the next stage in development of new production technologies to grow Nannochloropsis oce...
Researchers at Iowa State University, in Ames, Iowa, are developing technology, using algae, that improves the efficiency of wastewater reclamation. The system uses verti...
The University of Kentucky (UK) Center for Applied Energy Research’s (CAER) Biofuels and Environmental Catalysis Group has received a $1.2 million U.S. Department of Ener...
Carl Zimmer writes in The New York Times about a team of Australian scientists studying how climate change will alter ecosystems – by using miniature ecosystems, called m...
Will Yeates reports in DailyPlanet.com that an urban “algae farm” producing low-carbon protein and bio-fuel is one of the highlights on show this week at the future energ...
Memory Maninga reports for Zambia Daily Mail that in Mansa, the capital of the Luapula Province of Zambia, spirulina is being grown in ponds in the communities because of...