↓ Expand ↓

Category → Algae

Q&A With Solazyme

C&EN first wrote about leading algae firm Solazyme in 2009. At that time algae firms were gathering up venture capital funding and perfecting their technologies for growing the green slime. Many were targeting biofuels markets, but some firms had additional markets in mind.

Solazyme’s algae live in large fermentation tanks and eat sugars, which are transformed into algal oil – a type of vegetable oil. The company went public in late May, and raised $227 million from investors.

We checked in with Solazyme to find out more about its business model, and the types of markets it is targeting with its oils. Cameron Byers, senior vice president & general manager of fuels and chemicals gave us a closer look.

C&EN: I first spoke with Solazyme back in early 2009 – it seems like forever ago in algae time. Even then, the firm was targeting specialty chemicals, food, and cosmetics in addition to biofuel.  How did that diverse product strategy affect your ability to attract investors and business partners pre-IPO?

 Byers: Producing a diverse range of products is not just important, it is what our technology platform was designed to do in-line with our business model. The markets served by conventional oils – petroleum, plants and animal fats – represented an opportunity of over $3.1 trillion in 2010, an attractive potential market for investors. Solazyme’s custom oils can address each of these markets, providing both an environmentally and economically sustainable solution.  As an example, Solazyme recently announced a joint development agreement with The Dow Chemical Company to develop of a new class of algal oils tailored for optimized performance and cost in dielectric insulating fluid applications. Dielectric fluids alone represents a 500 million gallon market.

Continue reading →

Solix Biofuels Raises Money, Changes Name

Algae-growing firm Solix Biofuels has raised $16 million in a second round of venture capital funding. It has also changed its name to Solix BioSystems “to better reflect its role as a leading provider of algae production systems.”

Solix photobioreactor

Solix BioSystems' Lumian AGS4000, an algae grower. Credit: Solix BioSystems

There are many, many firms working hard right this moment trying to make money by growing algae for biofuel. Solix joins at least one other firm – OriginOil – in looking to make money from firms looking to make money with algae.

The first two most difficult things about using algae as a feedstock for biofuels is 1) growing algae and 2) growing a lot of algae.

Continue reading →

Sunlight to Fuels with Joule

Is it possible to take sunlight and CO2 and make liquid fuel from it? The folks at Joule Unlimited think so. Today the firm announced that it has been awarded a patent for technology that purports to convert the ubiquitous inputs into diesel fuel. The firm uses photobioreactors to supply sunlight and CO2 to engineered cyanobacteria that produce n-alkanes.

It’s different than most biofuel start-ups that we read about in that there is no food for the bacteria (often called bluegreen algae, though not technically an algae) other than sunlight and CO2. So, no sugar, either from corn, cellulose or other source. Also there’s no harvesting because the process is designed to be continuous.

Having learned about some of the ins and outs of various biofuel technologies, what sounds nifty about Joule’s technology is the directness of it. As any engineer will tell you, the problems with any process come at the interfaces. Getting cheap cellulosic material to the front door is a problem for a cellulosic ethanol producer. Separating algae from water and squeezing oil out of the humble creatures is a problem for algal oil firms. Doing away with the feeding and the squeezing might be a good idea.

But just because this week’s technology avoids the pitfalls of last week’s doesn’t at all mean it will be successful. If you want to put your own odds on Joule’s prospects, take a look at their shiny new patent (or their almost-as-shiny patent on “Hyperphotosynthetic Organisms.”

And you can read today’s New York Times story on the company, which says the bacteria actually “sweat” n-alkanes. Nice visual, there.

Raising money for algae

Credit: Solazyme

This week two algae-to-fuels firms took different pathways to raise new capital while they work out how to commericialize their technologies. The hundreds of start-ups looking to cash in on the little green organisms are likely watching closely.

San Francisco-based Solazyme has raised an impressive $52 million in its fourth round of venture capital funding. Unfortunately for the algae industry, the round does not signify that new investors are flocking to this corner of cleantech – there was only one new investor, Morgan Stanley, participating. Oil company Chevron has stayed on as a strategic investor through its venture capital arm.

Continue reading →