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US earmarks $510m for biofuels, seeks matching private investment

The US Departments of Agriculture, Energy and Navy will invest up to $510 million over the next three years in partnership with the private sector to produce advanced aviation and marine biofuels for military and commercial transportation. The initiative is part of the Blueprint for A Secure Energy Future, the Obama administration's framework for reducing dependence…

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OriginOil takes algae process to commercialisation

California-based OriginOil is shifting from the development phase to the commercialisation phase in its goal of transforming algae into a renewable oil that's price-competitive with petroleum. The company has also brought on board a new executive to fast-track the commercialisation process. Veteran technology executive Paul Reep has accepted the position of senior vice president of technology,…

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