LiveFuels is a national alliance of labs and scientists dedicated to transforming algae into biocrude by the year 2010.
Some of our scientists are breeding various strains of algae.
Some are working on driving down the costs of harvesting algae.
Some are working on extracting fats and oils from the algae.
Theoretically, algae can yield 1,000 to 20,000 gallons of oil per acre.
Theoretically, the U.S. could grow enough algae on 20 million acres to replace imported oil.
LiveFuels is working to make this a reality.
The Manhattan Project took 3 years
LiveFuels will take 4 years
Financials
| Date | Type | Amount | Investors | Valuation |
|---|---|---|---|---|
| 05/01/07 | Series A | 10M | MTI Partners | Unknown |
People
Lisa Morgenthaler-Jones (CEO)
Rich Hilt (co-Founder)
William Spencer (Board member)
David Kingsbury (Board member)
Lissa Morgenthaler-Jones (Board member)
Competitors
AlgaeLink:
AlgaeLink, N.V. is a in The Netherlands-based cultivator of Algae and a global manufacturer of algae… See Company Profile »
Seambiotic:
Seambiotic operates pilot plant comprising about a 1,000 m² of ponds at the power plant of… See Company Profile »
Bionavitas:
Bionavitas’ mission is to harness the abundant power of the sun to more efficiently and effectively… See Company Profile »
Solix Biofuels:
Solix Biofuels is a direct intellectual descendant of the U.S. Department of Energy’s Aquatic Species Program… See Company Profile »
Inventure Chemicals:
Inventure Chemical Technology was formed to capitalize on the great opportunity posed by our breakthroughs in… See Company Profile »
News
Solazyme wins big with $57M for renewable oil
June 9, 2009 1:44 am
Solazyme, producer of renewable oil derived from algae, just raised $57 million in third-round funding to bring its total capital… Continue reading ⟩
The algae (claims) just keep getting better
June 13, 2008 8:30 pm
It’s time to give algae their due. While hundreds of startups have been grappling with the problem of how to… Continue reading ⟩
Algal fuel maker Aurora Biofuels takes on $20M
June 10, 2008 12:30 pm
Aurora Biofuels, an Alameda, Calif. startup with plans to produce algal biofuels, has raised a substantial second round of funding… Continue reading ⟩