You are at: Oilgae Blog.

In July, Colorado-based Solix Biofuel raised USD16.8m in a Series A funding round from investors including Shanghai Alliance Investment,I2BF Venture Capital and Valero Energy. Solix is building a pilot facility in partnership with Southern Ute Alternative Energy. The first phase will be completed next year and will include four acres of closed algae photobioreactors . The firm claims its technology can produce approximately five times more fuel per acre than soy-based biodiesel.

Source 

By the way, have you subscribed to the Oilgae Blog?; How about joining the Oilgae mailing list?; and our forum to discuss on with others?

Share this article

Related posts:

• Boulder, Colorado firm Solix Biofuels developing algae-based fuel
• Solix plans algae biofuel plant in Colorado
• PetroAlgae Raises $10 Million in Common Stock Offering
• The Southern Utes – A major investor in Solix Biofuels
• Solix to Start Algae Fuel Demo Facility in Colorado
• Solix Biofuels – Brief Update
• Solix Biofuels
• Engg Firm Burns & Mac Plants Concept for Algae Biofuel with Utilities
• PetroAlgae retains investor relations firm
• Solix claims cut the costs of growing algae by 90-95%