Solix Harnesses $15.5M

Lee, Michael
November 2008
Red Herring;11/11/2008, p2
Trade Publication
The article reports on the $15.5 million in funding raised by algae fuel company Solix Biofuels. The company raised $10.5 million in a first round of funding and has another $5 million on the way for an algae-based biofuel facility in Colorado. I2BF Venture Capital led the round, with participation from Infield Capital, Southern Ute Alternative Energy and Valero Energy.


Related Articles

  • SOLIX BIOFUELS TO BUILD BIOFUELS PILOT PLANT.  // Worldwide Energy;Dec2008, Vol. 19 Issue 12, p3 

    The article reports that Solix Biofuels, an alternative energy technology firm, has raised $10.5 million in its first round of outside funding. It has also reached and agreement with investors for an additional commitment of $5 million to be used to build an algae biofuel facility near Durango,...

  • Sound waves gather in the algae harvest.  // Professional Engineering;9/23/2009, Vol. 22 Issue 16, p42 

    The article reports on the use of acoustic technology by the algae oil production facility of Solix Biofuels Inc. to concentrate the harvested algae mixture and to extract the oil from its cells in Colorado. An equivalent of 3,000 gallons per acre per year of algal oil by late 2009 will be...

  • Algae bloom again. Haag, Amanda Leigh // Nature;5/31/2007, Vol. 447 Issue 7144, p520 

    The article focuses on the plan of local firm Solix Biofuels Inc. to use algae in producing oils for biodiesel in the U.S. The company also plans to produce ethanol from the starchy residues as well. Solix has partnered with the New Belgium Brewery and Colarado State University to start...

  • Solix Biofuels Agreement With Los Alamos National Laboratory Develop Algal Oil Extraction Process. White, Rob // Automotive Industries;Sep2009, Vol. 189 Issue 9, p43 

    The article reports that Solix Biofuels Inc. has signed a cooperative research and development agreement (CRADA) with the Los Alamos National Laboratory (LANL) which grants Solix access to use and expand upon LANL's technology, specifically its patented acoustic technology that is beneficial to...

  • Algae growth control.  // Process Engineering;Nov/Dec2009, Vol. 90 Issue 6, p54 

    The article focuses on the optimisation of Solix Biofuels Inc.'s technology which will produce biofuels from algae in Great Britain. The company has developed data acquisition and controls to manage and control the process to advance its Algal Growth System (AGS) technology. According to David...

  • Growing influence. Pullin, John // Environmental Engineering;Autumn2009, Vol. 22 Issue 3, p25 

    The article focuses on the efforts of National Instruments (NI) in developing virtual instrumentation and test systems which can be used in system product design and niche applications such as the production of algae or biofuel. Solix Biofuels utilizes NI's LabView graphical programming and...

  • Valero climbs on higher margins.  // Dow Theory Forecasts;2/7/2005, Vol. 61 Issue 6, p8 

    Provides information about San Antonio, Texas-based refining and marketing company Valero Energy Corp. Financial performance; Corporate profile; Stock performance; Investment outlook.

  • Algae trailblazer shuts. Waltz, Emily // Nature Biotechnology;Jul2009, Vol. 27 Issue 7, p586 

    The article reports on the closure of GreenFuel Technologies, one of the first companies in the algal biofuel industry, in May 2009. The company is said to have raised $33 million from investors between 2005 and 2008. However, in 2009, it was not able to achieve funding due to the economic...

  • Valero tops, mandate costs up. Investor's Business Daily // Investors Business Daily;10/30/2013, pA02 

    The refiner said Q3 EPS fell 70% to 57 cents as costs increased, but it still beat views by 16 cents. Revenue rose 4% to $36.14 bil, well above estimates for $29.76 bil.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics