Alternative Fuels News

Tuesday, January 17, 2012

Joule's ethanol plant moves forward on $70M funding round
Biofuels company Joule Unlimited Inc. has closed on $70 million in a third funding round from new, unnamed institutional and private investors, along with previous backer Flagship Ventures.

Thursday, January 12, 2012

Mascoma begins commercializing yeast-ethanol product
Renewable fuels company Mascoma Corp. of Lebanon, N.H., said it has implemented a commercialization strategy for its yeast product — the first application of its consolidated bioprocessing platform — and plans to generate revenues starting in the first quarter of this year.
Sebago Farms plans massive greenhouse, algae biofuels facility in Maine
In an area of Maine generally known for its strip malls and big box stores, newcomer Sebago Farms plans to build a 1.7 million square foot mixed-use facility that will house hydroponic greenhouses, a fish farm, and an algae-based biofuels research area and employ up to 170 people.

Friday, January 6, 2012

Novogy taps backers for $4M
Novogy Inc., a Cambridge cleantech startup, has raised $4 million of a planned $7.5 million fundraise, federal documents show.

Friday, December 9, 2011

Mascoma, Valero launch joint venture for biofuels plant
New Hampshire biofuels company Mascoma Corp. has entered into an agreement with partner and investors Valero Energy Corp. that fully funds the cellulosic ethanol facility the pair had been developing in Michigan.

Monday, September 19, 2011

Mascoma files for $100M IPO
Renewable fuels company Mascoma Corp. of Lebanon, N.H., has announced plans for an initial public offering valued at up to $100 million. The company has developed a chemical platform to convert biomass into fuel.

Friday, August 19, 2011

Mascoma brews up a $50M debt financing
Mascoma Corp., a New Hampshire-based biofuels company, has tapped a new $50 million convertible debt financing for $6.9 million, according to federal documents.

Friday, August 5, 2011

Novogy nabs $750K more in latest financing
Cambridge cleantech startup Novogy Inc. has doubled its most recent fundraise, closing the round out at the planned $1.5 million, according to federal documents.

Thursday, July 28, 2011

Joule lands 2 U.S. patents for ethanol production method
Joule Unlimited Technologies Inc. has won two U.S. patents for its ethanol production process that the Cambridge company said is more efficient and handles higher volumes than biomass processes.

Friday, July 8, 2011

Harvest Power gets $500K from options sale
Just a few months after bumping up a financing round to $58 million, Harvest Power Inc. of Waltham has raised $500,000 through a sale of options or warrants for equity, according to a federal document.

Tuesday, July 5, 2011

Brewery waste recycler Purpose Energy raises $587K
Purpose Energy Inc., an Arlington company making technology to recycle brewery waste into energy, has raised $587,000 of a planned $750,000 new funding round, according to federal documents.

Wednesday, June 22, 2011

The Mover: Sun Catalytix CEO Decelle has seen good and bad of startup life
Cambridge-based startup Sun Catalytix Corp. has the potential to revolutionize the alternative fuel industry, if it can successfully commercialize its technology. That critical piece of the equation is in the hands of Mike Decelle, a veteran CEO in the technology startup space who has witnessed the good, the bad and the ugly in venture-backed companies over the past decade.

Monday, June 13, 2011

Agrivida finds $2M funding for new biofuel crops
Agrivida Inc., a Medford-based developer of new crop varieties for biofuels production, has raised $2 million of a planned $8 million equity funding round, according to a regulatory filing.

Tuesday, May 31, 2011

Biofuels firm Myriant files for $125M IPO
Bio-based chemicals developer Myriant Corp., known until recently as Myriant Technologies LLC, has filed for an initial public offering that could bring in up to $125 million.

Thursday, May 26, 2011

CFO Arkowitz leaving AMAG Pharmaceuticals
AMAG Pharmaceuticals inc., a Lexington company that sells a a therapeutic for iron deficiency anemia, said today that executive vice president and chief financial officer David Arkowitz has resigned to take a position with a biofuels company.

Thursday, May 5, 2011

Metabolix fueled by $6M DOE, USDA grant
Cambridge-based Metabolix Inc. will receive a $6 million federal grant for a research and development project on producing bio-based products and fuels from switchgrass.
Joule leases New Mexico land for renewable fuel
Joule Unlimited Inc. will have access to 1,200 acres in New Mexico for production of renewable diesel and ethanol, the first such agreement for the company and a major step toward commercializing the company’s unique process.

Friday, April 1, 2011

Qteros aims to offer space to other biofuel firms
Qteros Inc. plans to use just about a third of its new 15,000-square-foot facility in Chicopee for itself, and believes the rest should be developed for use by other Bay State biofuels firms – ideally with state government backing.

Thursday, February 17, 2011

Joule boosted by alternative fuels report
Joule Unlimited Inc. said a peer-reviewed article published Thursday supports the potential for its technology to create large quantities of renewable fuels and chemicals without the need for biomass.

Thursday, January 27, 2011

Zipcar adds plug-in hybrid cars to Boston/Cambridge fleet
Zipcar Inc. said it has introduced plug-in vehicles as part of its car-sharing fleet in three U.S. locations, including Boston/Cambridge. The Toyota Prius Plug-In Hybrids have also been added in San Francisco and two in Portland, Ore.