The next time you get an order of miso soup, take a look at the seaweed lurking in your bowl. That same type of seaweed could some day power your car.
Enerkem, a company that specializes in converting unusable waste into ethanol and other chemicals, announced today that it has raised $30 million in an extension of its most recent funding round.
Former Secretary of State Condoleezza Rice announced on Wednesday that she will join the board of directors of biofuels producer KiOR beginning July 2011.
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.
PetroAlgae, a company claiming that it has found a cheap way to convert algae into fuel — a goal that formidable competitors like Sapphire Energy and Solazyme are also chasing — just filed for a $200 million IPO despite a weak public market for green companies. Early signs suggest that this move could do more harm than good to the burgeoning algae industry.