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Governors' Biofuels Coalition
NEWS UPDATE July 11, 2014

Ailing cellulosic producer explores sale

Amanda Peterka, E&E reporter  •    •  Posted July 11, 2014

The operator of the nation’s first commercial-scale cellulosic biofuel plant revealed yesterday that it is exploring a sale in a bid to relieve its financial woes. KiOR Inc. told the Securities and Exchange Commission in a filing that it has hired financial advisory firm Guggenheim Securities LLC to explore a possible sale, merger or restructuring. [ read more … ]

U.S., Chinese companies join forces to promote algae

Amanda Peterka, E&E reporter  •    •  Posted July 11, 2014

A U.S. algae company and China’s state-owned oil company have partnered together under a State Department initiative to promote economic growth, energy security and environmental sustainability. According to a statement, Sapphire Energy Inc. and Sinopec Ltd. will seek to show that algae-derived crude is economically feasible and can be used in existing fuel distribution systems. The two companies said they will also show that algae crude can help reduce carbon dioxide emissions in both the United States and China.
[ read more … ]

Note: News clips provided do not necessarily reflect the views of coalition or its member governors.