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The Southern Utes – A major investor in Solix Biofuels

August 17th, 2009 | No Comments | Posted in Algae-Energy-Investments

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With the twin goals of making fuel from algae and reducing emissions  of heat-trapping gases, a start-up company Solix, co-founded by a Colorado State University professor Bryan wilson recently introduced a strain of algae that loves carbon dioxide into a water tank next to a natural gas processing plant. The water is already green-tinged with life.

The Southern Utes, one of the nation’s wealthiest American Indian communities is a major investor in this Company.

The Colorado State professor, Bryan Willson, who teaches mechanical engineering and is a co-founder of the three-year-old company Solix Biofuels, said working with the Southern Utes on their land afforded his company advantages that would have been impossible in mainstream corporate America. The tribe contributed almost one-third of the $20 million in capital raised by Solix, free use of land and more than $1 million in equipment.

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