Algae Biofuel Facility to be Built in Durango, Colorado by Solix Biofuels
Posted under Uncategorized.
Here’s another algae biofuel company to watch: Solix Biofuels, based in Fort Collins, Colorado has announced that it has raised $10.5 million in a first round of funding, and has reached an agreement with investors for a further $5 million to build an algae biodiesel facility near Durango, Colorado. Ponying up this money are Valero Energy, Infield Capital, and (perhaps most interestingly) the Southern Ute Indian Tribe:
