Solix to Start Algae Fuel Demo Facility in Colorado
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Solix Biofuels is adding another $1.3 million to its Series A financing round, and announcing plans to start a commercial-scale demonstration of its technology within two months in southwestern Colorado.
These new funds bringing the company’s total Series A to $16.8 million — come from international investment group Shanghai Alliance Investment Ltd., or SAIL, and point to expansion in Asia. That’s the plan, anyway, according to Solix CEO Doug Henston. In a release this morning, he said a relationship with SAIL will help Solix deploy its technology internationally, particularly in Asia.
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