DOE — up to $8 Million for “breakthroughs” in algae-based biofuels

DOE — up to $8 Million for “breakthroughs” in algae-based biofuels

The U.S. Department of Energy (DOE) has announced the selection of three projects to receive up to $8 million, aimed at reducing the costs of producing algal biofuels and bioproducts. These projects aim to deliver high-impact tools and…

Cyanotech reports 2017 financial results

Cyanotech reports 2017 financial results

Kailua Kona-based Cyanotech Corporation has announced financial results for the fourth quarter and fiscal year 2017, ended March 31, 2017. For fiscal 2017 compared to fiscal 2016, net sales were $32,042,000 compared to $31,840,000, an increase of 0.6%. Gross profit was $12,224,000, with gross profit margin…

USDA and DOE announce up to $9M for biomass R&D

USDA and DOE announce up to $9M for biomass R&D

The U.S. Department of Agriculture’s (USDA) National Institute of Food and Agriculture (NIFA), in collaboration with the U.S. Department of Energy (DOE), announced that up to $9 million in funding will be made available through the Biomass Research and Development Initiative (BRDI) to increase the nation’s…

Algae.Tec expands into medicinal marijuana

Algae.Tec expands into medicinal marijuana

Algae.Tec Limited has announced that it has entered into a Collaboration and License Term Sheet with Jardin De Invierno SA to expand Algae.Tec’s technology and product footprint into the rapidly growing medicinal marijuana and associated markets. Algae.Tec develops technologies that optimize controlled…

Euglena cultivating algae for food, face cream and jet fuel

Euglena cultivating algae for food, face cream and jet fuel

Sarah Karacs reports for @CNNTech that Japanese firm Euglena has been cultivating a type of algae for use in food and cosmetics. But it sees a range of other potential uses for it. The company is aiming to produce 33,000 gallons of jet fuel a year from Japan’s first algae biofuel refinery, partnering with top…

$1.2 Million to UK CAER to support algae-CO2 project

$1.2 Million to UK CAER to support algae-CO2 project

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 Energy grant for their novel work in utilizing carbon dioxide from coal-fired power plants to develop bioplastics…

DOE funding projects for biofuels, bioproducts, and biopower

DOE funding projects for biofuels, bioproducts, and biopower

The Energy Department (DOE) has announced the selection of six projects for up to $12.9 million in federal funding, entitled, “Project Definition for Pilot- and Demonstration-Scale Manufacturing of Biofuels, Bioproducts, and Biopower.” These projects, required to share the cost at a minimum of 50%…

Up to $8 Million from DOE to develop algae-based biofuels

Up to $8 Million from DOE to develop algae-based biofuels

The U.S. Department of Energy Office of Energy Efficiency and Renewable Energy’s (EERE’s) Bioenergy Technologies Office has officially announced a funding opportunity of up to $8 million, subject to appropriations, for innovative technologies and approaches to help advance bioenergy and bioproducts from algae…

$10-million search for algae bloom solution

$10-million search for algae bloom solution

The George Barley Water Prize, presented by The Everglades Foundation, will award $10 million to the researcher or researchers capable of developing a cost-effective process for recovering phosphorus while yielding clean water from natural water bodies on a globally-applicable scale…

EERE may fund “up to $8 million” for algal biofuel advances

EERE may fund “up to $8 million” for algal biofuel advances

The U.S. Department of Energy’s Office of Energy Efficiency and Renewable Energy (EERE), on behalf of the Bioenergy Technologies Office (BETO), has announced their intent to issue a funding opportunity announcement (FOA) for up to $8 million, subject to appropriations. The FOA, entitled “Productivity Enhanced Algae…

Omega-3 ingredients market est. $3.79 billion by 2022

Omega-3 ingredients market est. $3.79 billion by 2022

EPA/DHA (omega-3 ingredients) market size is likely to be worth USD 3.79 billion by 2022, according to a recent research report by Global Market Insights, Inc. An increasing trend towards healthy nutrient-fortified diets is likely to drive the EPA & DHA ingredients’ market growth. Dietary supplements accounted…

Cyanotech reports upturn in spirulina sales

Cyanotech reports upturn in spirulina sales

Hawaii-based Cyanotech Corporation has announced financial results for the second quarter and first six months of fiscal year 2017, ended September 30, 2016. For the second quarter of fiscal year 2017 compared to the second quarter of fiscal year 2016, net sales were a record $9,862,000 compared to $8,516,000…

TerraVia reports Q3 2016 results

TerraVia reports Q3 2016 results

TerraVia, the next-generation food, nutrition and specialty ingredients company that evolved out of algae innovator Solazyme, has announced financial results for the third quarter ended September 30, 2016. “Financial results for the third quarter of 2016 reflect progress in the Company’s transition to food, nutrition and specialty…

Algae treatment for blindness scores $60M

Algae treatment for blindness scores $60M

John Gallagher reports in the Detroit Free Press that Ann Arbor, Michigan-based RetroSense Therapeutics, a small eye-care company that uses green algae genes to treat a type of human blindness, has sold for $60 million to Allergan, a $4 billion-a-year maker of skin and eye care products…

$1.1B global algae market projected by 2024

$1.1B global algae market projected by 2024

According to this report, the global algae market was valued at US$ 608.0M in 2015 and is projected to reach US$ 1.143B by 2024, at a CAGR of 7.39% from 2016 to 2024. In terms of volume the algae market is expected to reach 27,552 tons by 2024, expanding at a CAGR of 5.32% between 2016 and 2024…

Scientist awarded for algae to biofuel software

Scientist awarded for algae to biofuel software

Md Tamjidul Hoque, a Bangladeshi computer scientist and an assistant professor in the computer science department at the University of New Orleans (UNO), has been awarded $141,453 by the Louisiana Board of Regents Industrial Ties Research Subprogram for developing the software tools and theoretical underpinning…

$1.25 million to study cilia and flagella

$1.25 million to study cilia and flagella

They are the tiny motors present in many of the human body’s most complex systems. Cilia are hair-like structures that oscillate in waves, and are present in the brain, kidneys, lungs and reproductive system. They move liquids such as cerebrospinal fluid and mucus past the cell surface, and throughout the body…

Cyanotech posts financial results

Cyanotech posts financial results

Hawaii-based Cyanotech Corporation, producer of microalgae-based nutrition and health products, has announced financial results for the first quarter of fiscal year 2017, ended June 30, 2016. For the first quarter of fiscal year 2017, compared to the first quarter of fiscal year 2016, net sales were $7,322,000…

New Wave Foods’ sustainable shrimp from red algae

New Wave Foods’ sustainable shrimp from red algae

San Francisco biotech startup New Wave Foods aims to address the impact of overfishing, bycatch, water pollution, slave labor, an animal death toll in the trillions, and other ills of our unsustainable lust for shrimp…with red algae. In the lab, New Wave Foods has engineered a product with the same taste, texture, and look…

Astaxanthin leading carotenoids market growth

Astaxanthin leading carotenoids market growth

Astaxanthin is leading a steady growth in the carotenoids market, which is projected to reach a value of $1.53 billion U.S. by 2021, growing at a CAGR of 3.78% from 2016 to 2021. According to the new study by reportsnreports.com, the market is being driven by factors such as increasing health consciousness…

DOE $15 million to improve algal biofuels/bioproducts

DOE $15 million to improve algal biofuels/bioproducts

The U.S. Energy Department (DOE) has announced up to $15 million for three projects aimed at reducing the production costs of algae-based biofuels and bioproducts through improvements in algal biomass yields. These projects will develop highly productive algal cultivation systems and couple those systems…

Gencor invests US$1M in Algae.Tec

Gencor invests US$1M in Algae.Tec

Algae.Tec has announced a US$1M investment into the Company by Gencor Pacific, the global Lifestage Solutions company. This investment will enable Algae.Tec to accelerate the development of its production capacity and improve the efficiency of its nutraceutical plant, expand its laboratory capabilities and cater…

Cyanotech Reports FY2016

Cyanotech Reports FY2016

Microalgae-based, high-value nutrition and health products maker Cyanotech Corporation announced financial results for the fourth quarter ended March 31, 2016 and fiscal year 2016. “Our market shares in the natural products channel remain excellent; for the 52 week period ending May 15, 2016, BioAstin…

TerraVia Reports First Quarter Results

TerraVia Reports First Quarter Results

TerraVia™, formerly Solazyme, Inc., has announced results for the first quarter ended March 31, 2016. Results for the quarter reflect the Company’s recently announced focus on the food, nutrition and specialty ingredient categories. Total revenue for the first quarter of 2016 was $10.9 million compared with $12.6 million…

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