OPX lands $17.5M for cheaper, faster biofuel production
OPX Biotechnologies, a biotech firm that focuses on engineering microorganisms to better break down organic products into cost-effective fuel sources, just closed its second round of funding at $17.5 million. The money will go toward construction of a demonstration plant slated to open in 2011… Continue Reading
Gevo raises another $17M for synthetic biofuels
Gevo, the Pasadena, Calif., based developer of synthetic biofuels just wrapped up a $17 million third round of funding. New investors Burrill & Co. and Malaysian Life Sciences Capital Fund joined cleantech regulars Khosla Ventures and Virgin Green Fund; the biofuel start-up has already raised… Continue Reading
OPX receives $3.6M for synthesized fuel replacement
updated
OPX Biotechnologies, a new startup that hopes to modify microorganisms to produce fuels similar to those we use for power generation today, has received $3.6 million in a first round of venture funding.
Although fuels like biodiesel and ethanol are also called biofuels, the term has… Continue Reading