The Biotechnology Industry Organization (BIO) today urged Senate Finance Committee Chairman Max Baucus (D-Mont.) and Ranking Member Charles Grassley (R-Iowa) to extend tax code parity to algae-based biofuels as soon as possible.
BIO specifically supported the language in the Algae-based Renewable Fuel Promotion Act (S. 1250/H.R. 4168), sponsored by Sen. Ben Nelson (D-Neb.) and Rep. Harry [...]

Biology can lead to changes in how the planet is powered, Synthetic Genomics CEO, Dr. J. Craig Ventor, told CNBC.
Ventor and his company have been collecting genomes around the world in search of a next-generation energy source, most notably algae-converted energy. Venter estimates a 10-year timeframe before algae conversion can be produced on a scale [...]

The U.S. Congress is coming under increased lobbying pressure from the Algal Biomass Organization, a non-profit organization devoted to promoting the development of viable commercial markets for renewable and sustainable commodities derived from algae.
In a statement Thursday, ABO called on Congress to provide tax parity to algae biofuels and make incentives available to the industry [...]

UOP, a Honeywell ( HON) company, announced that it has been awarded a $1.5 million cooperative agreement from the U.S. Department of Energy for a project to demonstrate technology to capture carbon dioxide and produce algae for use in biofuel and energy production.
The funding will be used for the design of a demonstration system that [...]

Bioenergy International expo & conference, which rebranded this year to focus on bioenergy and biomass as well as just biodiesel and bioethanol, is a two day exhibition and conference which will look in depth at second generation biodiesel, cellulosic ethanol, ways to source sustainable biomass, pyrolysis technology, the potential of biogas across Europe, developments in [...]

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Money from the state tech fund is also going to two South Texas businesses.
Houston-based ScanTech Sciences, which is developing a food sterilization process through electronic pasteurization, was awarded $2 million. Another $1 million is going to Brownsville-based Photon8 Inc., which is working on producing bio-fuel from algae. The grants are to [...]

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The New Mexico Environment Department has reached a settlement with Marathon Oil Corp. under which the Houston company will pay $5.1 million in environmental projects and penalties to resolve air quality violations alleged by the state at Marathon’s Indian Basin Gas Plant near Carlsbad.
The environmental projects include $3.75 million to build [...]

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Punjab-based Beckons Industries is planning to set up a bio-diesel plant using algae as a feedstock at Derabassi (Punjab) at an investment of Rs 600 million. The plant will be the first of its kind in this part of the region. For the purpose, the company has technological collaborative agreement with [...]

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A researcher at Washington State University recently received a $2 million federal appropriation to improve the process of turning algae into energy. The money came through the 2010 Senate Energy and Water Development bill and will go to the Washington State Algae Alliance. 
Shulin Chen is a professor of biological systems engineering. [...]

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The Washington State Algae Alliance, comprised of bioscience firm Targeted Growth, Inc. (TGI), Inventure Chemical (Inventure) and Washington State University (WSU), will benefit from $2 million in funding through WSU as part of the 2010 Senate Energy and Water Development appropriations bill. U.S. Sen. Patty Murray (D-WA) was instrumental in securing [...]