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Archive for the ‘biofuels’ Category

Joule

A Cambridge, Mass.-based startup called Joule Biotechnologies launched this week, claiming it has produced — in the laboratory — ethanol and industrial chemicals by combining sunlight, carbon dioxide and a genetically engineered photosynthetic organism. The company is being close-mouthed about the details of the bioengineered microbe and just how it converts CO2 and sunlight into fuel.

As I wrote in my Green State column on Grist:

On Monday, the latest entrant in the biofuels sweepstakes takes the wraps off a solar-powered technology designed to transform C02 and sunlight into ethanol.

“We capture the energy of the sun into a solar converter,” says Bill Sims, CEO of Cambridge, Mass.-based Joule Biotechnologies. “Inside exists a solution of brackish or gray water, nutrients and highly engineered photosynthetic organisms that directly secrete biofuels. There’s no intermediary that has to be introduced or processed.”

So far, Joule’s “helioculture” technology has only produced ethanol in the lab. But, says Sims, “We’re moving the lab outside as we speak. We aren’t expecting any surprises.” The company, backed by Cambridge venture capital firm Flagship Ventures, plans to begin construction of a pilot production plant in early 2010.

Like Solazyme and other startups that aim to produce biofuels from such things as algae and wood chips, the advantage of Joule’s technology over corn ethanol is that it does not displace agricultural land used for food production.

You read the rest of the story here.

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Global investment in green technology rose 12% to $1.2 billion in the second quarter after two quarters of sharp declines, according to a report released Wednesday by the Cleantech Group and Deloitte.

Electric cars attracted the most investment at $236 million while solar fell to a low of $114 million. Biofuels scored $206 million and advanced batteries received $165 million from investors.

“It looks like things have leveled out and have stabilized,” said Brian Fan, senior director of research for the Cleantech Group, a San Francisco-based research and consulting firm.

Still, the second quarter numbers are down 44% from a year ago.

North America grabbed 66% of green tech investment while Europe and Israel captured 21% percent, India 11% and China 1%.

Fan said that while investors were hot on smart grid companies at the end of 2008 their ardor has cooled so far this year.

In a sign that the green tech industry has been consolidating as the recession drags on, mergers and acquisitions jumped 291% in the second quarter to $12.2 billion.

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clean-edge-report

Worldwide revenues from the solar photovoltaic, wind and biofuels industries jumped 53% in 2008 to $116 billion and is on track to grow to $325 billion by 2018, according to a report released Tuesday by West Coast market research firm Clean Edge.

Last year’s boom, however, is unlikely to be repeated in 2009, given the global financial crisis. Signs of the slowdown were apparent last year as new global investment in green energy grew by a paltry 4.7% to $155 billion, compared to a 60% rise between 2006 and 2007. In the United States, however, venture capital investments in green tech grew 22% last year to $3.3 billion, representing 12% of all VC investments, according to figures compiled by research firm New Energy Finance.

“2009 is a year to get through,” said report author Ron Pernick during a conference call.

Of course, growth projections for renewable energy are inherently speculative. Green energy investment is strongly dependent on government policy and what the Obama administration gives today in the form of billions in subsidies and incentives a successor can take away. And then there are calamities like the extent of the meltdown of the global economy that few foresaw even a year ago.

The wind industry accounted for a third of renewable energy revenues in 2008, becoming a $50 billion business. Clean Edge projects that employment in the wind and solar industries will grow from a combined 600,000 jobs in 2008 to 2.7 million by 2018.

“As the market transitions to low-carbon fuel and electricity sources, conservation and efficiency efforts, and the deployment of a smart, 21st century grid, we believe clean energy offers one of the greatest opportunities for both local and global economies to compete and thrive,” wrote Pernick and co-authors Joel Makower and Clint Wilder.

They identified as growth areas smart grid technologies, energy storage for wind and solar farms, the Eastern Eureopean market,  power grid infrastructure and micro power grids that provide electricity to self-contained facilities or areas.

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California utility PG&E will buy 106.8 megawatts of electricity from a hybrid biofuel solar power plant to be built by a Portuguese firm in the state’s Central Valley.

The hybrid technology will allow two 53.4 megawatt plants to tap the sun and agricultural waste produced in surrounding Fresno County to generate green energy around the clock, according to San Joaquin Solar, a subsidiary of Portugal’s Martifer Renewables. For PG&E (PCG), 107 megawatts is just enough to keep the air conditioners running for some 75,000 homes. But if the biofuel solar hybrid performs as billed and can be scaled up, it’s a win-win – recycling ag waste – a huge and expensive problem in California – into electricity.

The percentage of electricity to be produced by solar versus biofuel and other details of the project’s design are sketchy. Andrew Byrnes, an executive with Spinnaker Energy – the San Diego company developing the project for Martifer – told Fortune that such information is “confidential” as are images of what the hybrid plant will look like and the identities of the company’s U.S. investors.

Here’s what we do know: San Joaquin Solar 1 and 2 will be built on private land outside the farming town of Coalinga. They will use long arrays of curved mirrors called solar troughs to focus the sun on liquid-filled tubes to produce steam that will drive electricity-generating turbines. That’s a standard solar technology currently operating in California and elsewhere. The biomass component of the plant will use agricultural waste, green waste and livestock manure to create heat that will generate steam.

It appears the biofuel will be used to keep the plant running at night or on overcast days. “The technologies can run simultaneously,” said Byrnes in an e-mail. “And when a cloud passes overhead (and after the sun sets) the solar facility can still generate energy, since the generation process is dependent on heat rather than direct solar radiation.”

While there is a natural gas-solar hybrid power plant under development in Southern California – see Green Wombat’s “The Prius of power plants” – San Joaquin Solar 1 and 2 will apparently be the world’s first biofuel solar hybrid.

Each power plant will each need 250,000 pounds of biomass a year to operate. Finding that fuel shouldn’t be a problem: Byrnes says a study shows that Fresno County alone produces nearly 2 million tons of ag waste annually.

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California startup Amyris engineers microbes to transform them into molecular oil refineries, digesting sugar to produce low-carbon equivalents of gasoline, diesel and jet fuel. Now in a bid to commercialize its technology, Amryis has struck a deal to create a joint venture with Brazilian ethanol giant Crystalev to produce biodiesel from sugarcane.

Some three-quarters of Brazil’s cars run on ethanol made from domestic sugarcane but the country imports diesel. “This is a game changer,” Amyris co-founder Jack Newman told Green Wombat this week at Fortune’s Brainstorm Green conference in Pasadena. “It gives us the ability to make a difference in terms of scale by tapping into existing agricultural land and Brazil’s ethanol infrastructure. It’s a great step forward for Amyris, and Brazil gets the option of producing ethanol or diesel from same resources.”

Most biodiesel today is made from soybeans or recycled vegetable oil and does not offer the same performance as petroleum-based diesel. The biodiesel produced by Amyris’ custom-designed microbes matches that performance and can be used in existing engines while cutting greenhouse-gas emissions by 80 percent, according to Newman, a microbiologist who is Amyris’ senior vice president of research.

If Amyris, an Emeryville-based company backed by marquee venture capitalists Khosla Ventures and Kleiner Perkins Caufield & Byers, can replicate its laboratory success in the field the environmental benefits could substantial.

For Brazil to become self-sufficient in diesel it would otherwise have to plant more soy, which means cutting down more of the Amazon rainforest that already is being destroyed to plant soy destined for North American dinner tables. Sugarcane grown on reclaimed pasture land and distilled with Amyris technology can produce ten times as much diesel per acre as soy. “You won’t have to displace crops into the rainforest area,” Newman says.

Production of the Brazilian biodiesel is expected to begin in 2010 if all goes according to plan and the necessary regulatory approvals are obtained.

“One of the reasons Brazil is so excited about the technology is that this gives them a biodiesel option with this great infrasture they already have,” Newman says. “It could provide them with 90 billion gallons a year without having to reclaim new land.”

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PASADENA, Calif. — Green tech guru Vinod Khosla probably didn’t win many friends among the chardonnay-and-carbon-offsets crowd Tuesday during an appearance at Fortune’s Brainstorm Green conference, where he castigated well-heeled enviros for thinking that driving a Toyota (TM) Prius and other “feel-good solutions” will save the planet

“The Prius is more greenwash than green,” the venture capitalist said on stage during a conversation with Fortune senior writer Adam Lashinsky. “Priuses sell a lot but so do Gucci bags. The hybridization of cars is the most expensive way to reduce carbon.”

“We do a lot of feel-good things like put solar panels up in foggy San Francisco so a few middle-class and upper-middle-class people feel good about themselves,” he added.

Ouch.

If Khosla was typically on the offensive, he’s been on the defensive a bit of late over early investments in corn-based biofuels. Alarm has escalated over the past year about the impact of taking food crops out of production to grow a gasoline substitute.

After Lashinsky read a recent quote from the Indian finance minister – “food-based biofuels are a crime against humanity,” Khosla agreed that “food-based biofuels are the wrong way to go. We have much better alternatives.” He has long championed cellulosic biofuels that can be produced from non-food plants like switchgrass or from wood waste and characterized his ethanol investments as a way to get the lay of the biofuels landscape.

Never shy about stirring the pot, he declared that, “People’s views on green are obsolete.” The way to fight climate, according to Khosla, is not to focus on putting solar panels on roofs or building electric cars but increasing the efficiency of things like engines and the operations of mainstream businesses.

Worried about the high price of oil? Don’t. “My forecast for 2030 is that price of oil will be below $25 a barrel,” Khosla said. No matter, he added, because by then biofuels will be cheaper.

So stick that in your Prius.

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Fortune senior editor David Kirkpatrick reports from Fortune’s Brainstorm Green conference:

PASADENA, Calif — One of the more interesting observations I’ve heard at Fortune’s Brainstorm Green conference concerned genetically-modified foods and nuclear power. Someone commented that these two things — historically the object of huge vituperation from environmentally-minded critics — are both seeing a modulation of criticism.

The world is undergoing a food crisis caused, at least in part, by an undue emphasis on biofuels and in any case closely connected to the dramatically increased price of oil. (I certainly hope the issue of biofuels and food comes up when Adam Lashinsky interviews biofuel’s crown prince Vinod Khosla.) In the face of this food crisis, the antipathy toward GMOs may be starting to fade. The recent moves by Korea to allow in American beef after long resisting it, and by Japan to allow American rice, may just be early signs, this guy said. I’d speculate also that if it’s a question of starvation or survival, the southern African nations which have so adamantly opposed GMOs will almost certainly rethink their positions. (Aside from Zimbabwe’s Mugabe, of course, from whom rationality cannot be presumed.)

In a session on the topic of nuclear power, Fortune’s David Whitford asked the audience how many were unalterably opposed to increasing nuclear power in the U.S. for any reason. In this room of perhaps 300 environmentally-minded Americans, only about 20 raised their hands. With oil at $116 and global warming an ever-more urgent concern, minds are opening. Not that most of those in the room wouldn’t add substantial caveats to their unwillingness to rule nuclear out.

That said, the advocacy of nuclear power shown by Alex Flint of the Nuclear Energy Institute on Whitford’s panel drifted to some absurd extremes. For instance, he said that he would be willing to have a nuclear waste facility in his backyard, and that the location of a nuclear power plant “as close as possible” to his house “would be good for land values.” What is this guy smoking?

In answer to my question — one also raised by his co-panelist David Lockbaum of the Union of Concerned Scientists — about what happens if a jet piloted by a terrorist plows into a nuclear plant, Flint was unconvincing. He claims that studies show that plants’ containment vessels are strong enough to prevent any release of radiation. To which Lockbaum replied that all the studies pre-9/11 found that even if that were the case, the shaking that would be inevitable in such a scenario would sever essentially all pipes and cables in and out of a plant, making a meltdown likely. Studies since 9/11 are classified, he noted, adding “but the laws of physics did not change that day.”

In the random interesting comments category, I was struck by an amazing statistic proffered by IBM’s (IBM) Rich Lechner in a session on Greening the IT industry. There were plenty of convincing arguments being made in the room that IT and the intelligence bequeathed by computing can have a major impact on reducing energy use and carbon releases.

But Lechner noted that a virtual person in Second Life has a larger carbon footprint than the average person in Brazil. His point, presumably, was that as people enter a developed economy, their carbon footprint goes way up along with their increasing use of tech.

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Cilion_logo
Cilion, the corn ethanol startup backed by Khosla Ventures and Richard Branson’s Virgin Fuels, has turned to a veteran oil industry executive to lead the California company. Former BP (BP) group vice president Mark Noetzel was named Cilion’s new CEO and a member of its board. While at BP in London, Noetzel ran the oil company’s retail, fuels transport and wholesaling operations in Asia, Europe and the United States.

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Gevo_logo
Will the Boeing Dreamliner fly on the biofuel butanol one day? Richard Branson’s Virgin Fuels, which in April agreed to collaborate with Boeing (BA) on creating commercial jet biofuels, today announced it is investing in Gevo, a Pasadena, California, startup developing technology to turn biomass into butanol. Like corn-derived ethanol, butanol is an alcohol-based fuel but is much more energy rich and can be made from a wider range of biomass like straw and corn stalks. Virgin Fuels joins biofuels guru Vinod Khosla’s Khosla Ventures – which initially funded Gevo – in the company’s lastest financing round. Virgin and Kholsa are being tight-lipped about the investment, declining to reveal its size or the split between the two investors. You won’t find out much more by going to Gevo’ one-page site. The company was founded by three California Institute of Technology scientists and licenses its technology from the university. Along with the funding, Gevo announced that it had appointed a former Cargill executive, Patrick Gruber, as CEO. This is just the latest hookup between Virgin and Khosla. Virgin has also invested in Khosla-funded ethanol startup Cilion. Virgin Fuels has outposts in San Francisco and in Palo Alto.

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Range_logo
Vinod Khosla’s Range Fuels has been given the green light from the state of Georgia to build the first commercial cellulosic ethanol plant in the United States. The Colorado company founded by the Silicon Valley venture capitalist will begin construction of the plant this summer in Treutlen County, Georgia, with production set to start in 2008. Unlike corn-based ethanol, cellulosic ethanol can be made from a variety of biomass matter – from wood chips to grass to cornstalks. It’s the great green hope for ramping up production of ethanol while avoiding the greenhouse gas emissions and agricultural impact of corn ethanol. The catch is the cellulosic approach has been expensive and experimental. Range, however, says it has developed a process that reduces production costs and can make the fuel from wood chips, agricultural wastes, grasses, and cornstalks, hog manure, municipal garbage, sawdust and paper pulp. The first phase of the project, which will make ethanol from "wood waste" from Georgia forests, will produce 20 million gallons of ethanol annually, ramping up to 100 million gallons a year, according to Range.

Meanwhile, late last week E3 BioFuels flipped the switch on what it calls the first "closed loop"  corn ethanol plant in Mead, Nebraska. The plant uses biogas produced from cow manure to power the boilers that distill the ethanol. Left over "wet grain" from the ethanol production process is feed to the cattle, which then convert it into…you get the picture.

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