Volume 91 Issue 33 | p. 6 | News of The Week
Issue Date: August 19, 2013

Biobased Firms Ramp Up

Second quarter: Young companies are under pressure to raise capacity, get more financing
Department: Business
News Channels: Environmental SCENE
Keywords: second quarter earnings, biobased, biofuel

A handful of publicly traded biobased fuel and chemical firms used second-quarter earnings reports to assure investors that they are on track. Although the firms operated at significant losses, all reported revenues from product sales. None, however, have succeeded in operating at commercial scale, defined as thousands of tons.

Solazyme, which makes its biobased chemicals from algae, sells tailored oils for the personal care market from its pilot plant in Peoria, Ill. The . . .

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