Solazyme gets $21M for Algae Fuel Refinery

Solazyme Receives  $21 Million Grant for Algae Fuel Refinery:

Solazyme Inc. will build its first integrated algae fuel refinery in Pennsylvanis. The biorefinery will be built in Riverside, Pennsylvania and will be funded in part by a US $21.8 million federal grant that the company received this week. This news marks a major step toward pushing the fledgling algae fuel industry into commercial scale production of algal based fuel. The project will enhance the national infrastructure investment in biofuels as an alternative to fossil fuels and will create or preserve many green jobs, according the the U.S. Department of Energy (DOE), which announced the funding this week.


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