News
Danforth Plant Science Center Awarded $44 Million
January 14, 2010 (Seattle, WA) – The Donald Danforth Plant Science Center in St Louis has been selected to receive $44 million from the US Department of Energy under the American Recovery and Reinvestment Act. The National Alliance for Advanced Biofuels and Bioproducts (NAABB) led by the Donald Danforth Plant Science Center is one of two cross-functional groups that will seek to breakdown critical barriers to the commercialisation of algae-based and other advanced biofuels such as green aviation fuels, diesel, and gasoline that can be transported and sold using today’s existing fueling infrastructure. The NAABB consists of leading scientists and engineers from universities, private industry, and government, including Inventure. Click here for the full story.
About Inventure Chemical
Inventure Chemical (www.inventurechem.com)
was formed to develop and commercialize feedstock conversion technologies
for biofuel producers. The company is applying patent pending
processes to a variety of second generation feedstocks, including
algae and various cellulosic materials, to create biodiesel and
ethanol. By using these low-cost/high-yield feedstocks, biofuel
producers will be positioned to compete with petroleum fuel producers
on the free market, independent of any subsidies or mandates. The
company’s expertise includes both process conversion and plant
design/construction. Inventure currently operates a biodiesel and
ethanol R&D production site in Seattle, Washington where it
is currently producing biodiesel and ethanol from algae sourced
from various suppliers, including Seambiotic. Using algae
feedstock, the company has produced biodiesel that meets stringent
American Society for Testing and Materials (ASTM) standards. Inventure
is in the final stages of closing its second round of private financing.