Reliance converts Algae.Tec options

Reliance converts Algae.Tec options

Perth, Western Australia-based Algae.Tec Limited has announced that the Reliance Group has converted the first tranche of options following the positive progress achieved on the joint algae plant project with Algae.Tec Ltd. 1,833,740 options have been converted…

Cyanotech improving Astaxanthin production

Cyanotech improving Astaxanthin production

Algae manufacturer Cyanotech Corporation has announced implementing three major initiatives to improve Astaxanthin production at their Kailua Kona, Hawaii-based cultivation facility. The first is a strain…

Has Australia taken a 180?

Has Australia taken a 180?

Since Prime Minister of Australia, Tony Abbott, was elected to office on September 7, 2013, ending six years of governance by the Australian Labor Party, a serious and perplexing turn of events have faced the aspiring algae industry…

The global algae oil omega-3 market in 2014

The global algae oil omega-3 market in 2014

Algal oil represents one of the significant segments within the omega-3 polyunsaturated fatty acid (PUFA) ingredients market. Specifically, docosahexaenoic acid (DHA) is the most important fatty acid…

Algaeon expands with $2.75M funding

Algaeon expands with $2.75M funding

Dan Human reports in the Indianapolis Business Journal that Indianapolis-based Algaeon Inc. plans to use $2.75 million in new funding to begin commercial production of its algae-based nutritional.
..

Evonik invests in biotechnology company Algal Scientific

Evonik invests in biotechnology company Algal Scientific

Evonik Industries is investing in the technology startup Algal Scientific Corporation of Northville, Michigan, USA. Evonik is part of an investors’ consortium that is investing more than $3 million in the Series A…

Fermentalg IPO raises $55.9 million for commercial development

Fermentalg IPO raises $55.9 million for commercial development

Libourne, France-based Fermentalg, an industrial biotechnology company that specializes in the production of oils and proteins derived from microalgae, has completed a successful IPO on the Euronext…

Solazyme announces new notes and stock offering

Solazyme announces new notes and stock offering

Solazyme, Inc. has announced that it intends to offer, subject to market and other considerations, $100.0 million aggregate principal amount of convertible senior subordinated notes due 2019 (the “Notes”)…

Algatechnologies invests $20 million in natural astaxanthin production

Algatechnologies invests $20 million in natural astaxanthin production

Algatechnologies (“Algatech”), Israel, has announced a more than 100% expansion of its production capacity of AstaPure® brand natural astaxanthin. This doubling of capacity follows…

Solazyme reports Q4 and 2013 results

Solazyme reports Q4 and 2013 results

Solazyme, Inc. has announced results for the fourth quarter and full year ended December 31, 2013. “2013 was a year of great progress for Solazyme as we readied our first major capacity projects…

Algae.Tec scores $2.4 million order from Reliance affiliate

Algae.Tec scores $2.4 million order from Reliance affiliate

Algae.Tec Ltd has received its first purchase order from Reliance Industrial Investments and Holdings Limited (RIIHL), in connection with the arrangements announced on January 21, 2014, to build a pilot…

Ennesys Closes Funding Round at $6 Million Valuation

Ennesys Closes Funding Round at $6 Million Valuation

Los Angeles-based OriginOil Inc. OOIL and Ennesys SAS, of Nanterre, France, the developer of environmental energy systems for sustainable buildings, have announced that Ennesys recently closed…

IHI cuts cost of producing oil from algae

IHI cuts cost of producing oil from algae

Japanese biofuel research firm IHI NeoG Algae LLC, a division of heavy machinery maker IHI Corp., reports that they have significantly cut the cost of producing oil from algae from about ¥1,000 ($9.60)…

DOE pledges $3 million for clean energy business incubators

DOE pledges $3 million for clean energy business incubators

The U.S. Energy Department has announced $3 million to support clean energy business incubators that provide critical services to entrepreneurs and small businesses and accelerate the commercialization…

Algae.Tec entering nutraceutical market

Algae.Tec entering nutraceutical market

Algae.Tec has entered into an exclusive Collaborative Agreement with Nutrition Care Laboratories, based in Melbourne, Victoria, Australia. “A decision has been made to focus, in the short term…

AgriLife Research shares $8 million grant

AgriLife Research shares $8 million grant

Steve Byrns writes about Pecos-based Texas A&M AgriLife Research sharing an $8 million Department of Energy grant with three other research institutions. The University of Arizona leads the partnership…

Solutions4CO2 Inc. announces private placement

Solutions4CO2 Inc. announces private placement

Solutions4CO2 Inc. (S4CO2), a Toronto, Ontario-based company using proprietary and licensed technology to process organic waste streams into high-value algae derived co-products…

Cyanotech reports growth of 47% for consumer algal products in 2Q

Cyanotech reports growth of 47% for consumer algal products in 2Q

Kailua Kona, Hawaii-based Cyanotech Corporation, a leader in high-value nutrition and health products from microalgae, has announced financial results for the second quarter and first six months of fiscal year…

USDA announces funding for advanced biofuels

USDA announces funding for advanced biofuels

U.S. Agriculture Secretary Tom Vilsack has announced the availability of $181 million to develop commercial-scale biorefineries or retrofit existing facilities with appropriate technology to develop…

Algae.Tec raises $1M to advance projects, pay loans

Algae.Tec raises $1M to advance projects, pay loans

Algae.Tec, the biofuels company focused on commercializing algae to fuel, with with offices in Atlanta, Georgia and Perth, Western Australia, has raised AU$750,000, with an additional $250,000…

Cargill invests $15 million for alginate expansion

Cargill invests $15 million for alginate expansion

Cargill, the international producer and marketer of food, agricultural, financial and industrial products and services, is making a US $15 million investment to upgrade and expand its French alginates production…

Triton Algae Launches with $5 Million Series-A Financing

Triton Algae Launches with $5 Million Series-A Financing

San Diego, CA-based Triton Algae Innovations, Ltd, a pioneering startup in the field of synthetic biology founded by former Sapphire Energy founders Dr. Jason Pyle and Dr. Stephen Mayfield, have announced…

Lammers to head up $5 million algae consortium

Lammers to head up $5 million algae consortium

The U.S. Department of Energy has awarded a $5 million grant to improve algae-based fuel that is compatible with existing refineries to a multi-institutional team led by New Mexico State University…

Second quarter results show Solazyme on track

Second quarter results show Solazyme on track

Solazyme announced 2nd quarter results this week. Total revenue for the second quarter ended June 30, 2013 was $11.2 million compared with $13.5 million in the second quarter of 2012…

Next Page »