What investors got wrong in advanced biofuels

The president’s recent budget proposal includes $282 million for advanced biofuel technology research. This is quite encouraging given the rather public pull-back in continued biofuels investment from the investment community.

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Biofuel investing falls as sector matures

Investing in biofuel companies that produce oil-alternatives fell 5.4 percent to $930 million in 2010, down from $980 invested in alternative fuel companies in 2009, according to a report from cleantech analysis firm Lux Research.

Enerkem’s trash-to-fuel talents bring in $60M

Oil and petrochemical giant Valero and existing investors have just dropped $60 million on Enerkem, a company that specializes in converting unusable waste into ethanol and other chemicals.

KiOR looks to $100M IPO to convert woodchips to biofuel

Biofuel company KiOR is going public and wants to raise $100 million for a new plant that converts wood chips to petroleum, according to a filing with the Securities and Exchange Commission.

Late-stage investments dominate cleantech sector in Q1

Investments in clean technology startups rose 13 percent in the first quarter this year in North America, Europe, China and India — to $2.57 billion from $2.28 billion in the first quarter of 2010 across 159 companies — according to a report by Cleantech Group.

Nuclear crisis doesn’t panic cleantech investors

An escalating crisis at nuclear power plants in Japan following a massive earthquake and tsunami has not changed the investing thesis about clean technology, according to a number of leading venture capitalists and researchers.

Monsanto invests in Sapphire for algae, crops research

Global agriculture and biotechnology giant Monsanto has taken an undisclosed equity stake in biofuels player Sapphire Energy. The two companies will also team up for a multi-year research collaboration.

Genomatica raises $45M for renewable chemicals

Renewable chemicals company Genomatica has raised $45 million for a demonstration-scale production and early commercialization plans for a green version of butanediol (BDO), a chemical used in spandex, automotive plastics and running shoes.