The stock for algae company Solazyme rises 15 percent in its initial public offering, raising $227 million to expand its biofuels and chemicals businesses.
The California company seeks to raise up to $100 million on the stock market to speed up commercialization of its algae oil for fuels, food, and personal care products.
Many companies have tried to make fuel and food products from algae, but Solazyme's unique approach has helped accentuate its potential for commercializing algae biofuels.
A Continental Airlines Boeing 737 yesterday made the first U.S. flight running on an algae-based biofuel blend. That single flight alone may have saved the equivalent of 30,000 miles of one car's carbon dioxide emissions.
There's a real risk that innovation in green technologies will slow for lack of money and interest. Here's why we need a leaner, meaner green tech 2.0.
Making industrial chemicals from plants is easier to crack into than the cut-rate world of transportation fuels for young green-tech companies seeking a commercial foothold.
While the ethanol industry faces more skepticism, biofuel companies making drop-in replacements for petrofuels are moving out of demonstration stage to larger-scale production.
Former California governor says green-tech advocates should focus on health, economic, national-security benefits of clean energy, rather than on climate change.
The Air Force approves a blend of plant-based fuel with jet fuel for the first time, saying performance for pilots will not be affected.
Company's renewable diesel earns certification as a fuel and gets tested on a Jeep Liberty with a diesel engine.