Volume 89 Issue 14 | p. 17 | Concentrates
Issue Date: April 4, 2011

Solix Raises Funds, Launches Algae System

Department: Business
News Channels: Environmental SCENE
Keywords: algae, biofuels, venture capital, start-up, cleantech
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Solix’ bioreactor has 4,000 L of capacity.
Credit: Solix
8914bconsolix_live-2
 
Solix’ bioreactor has 4,000 L of capacity.
Credit: Solix

Algae firm Solix Biofuels has raised $16 million in a second round of venture funding. All of the money was raised from early investors. The company also is changing its name to Solix BioSystems because it will now sell algae production systems. Its first product, the Lumian Algae Growth System 4000, is a network of narrow, flexible, floating plastic photobioreactors.

 
Chemical & Engineering News
ISSN 0009-2347
Copyright © American Chemical Society

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