Fill ‘er up with algae, please


By tvgnus   Follow   Tue, 13 Nov 2012, 7:44am   300 views   4 comments
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http://www.centralvalleybusinesstimes.com/stories/001/?ID=22274

Renewable algae-based diesel being sold in Bay Area •  Giving our customers a chance to make history If you drive a diesel, you can now fill up with fuel made from algae at Propel Fuels stations in the Bay Area.

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  1. New Renter


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    1   8:04am Tue 13 Nov 2012   Share   Quote   Permalink   Like   Dislike  

    How much per gallon and is it fully compatible with all diesel engines? Hate to violate the warrenty otherwise.

  2. zzyzzx


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    2   8:45am Tue 13 Nov 2012   Share   Quote   Permalink   Like   Dislike  

    Solazyme says the biodiesel meets or exceeds American Society for Testing and Materials (ASTM) quality specifications and has shown performance enhancements including cold temperature operating performance. The fuel is compatible with existing diesel engines and the fuel's performance is guaranteed by Propel.

    The fuel will be sold at the same price as conventional diesel fuels and will be available exclusively at Propel's Clean Fuel Points in Redwood City, San Jose (N. First St.), Berkeley, and Oakland.

  3. zzyzzx


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    3   8:52am Tue 13 Nov 2012   Share   Quote   Permalink   Like   Dislike  

    Initial public offering

    In May 2011, Solazyme set terms for its initial public offering. The company planned to raise $160 million by offering 10 million shares at a price range of $15 to $17 and ended up selling nearly 11 million shares for $18 each, and climbed 15% to 20.71 in its first day of trading.

    Investment banking and securities firm Goldman Sachs reported in July 2011 that with the commercialization of new oil products, Solazyme stock had become less risky. The bank initiated coverage with a top rating and $31 target. In a note to clients, it said Solazyme (NASDAQ: SZYM) stands to boost sales and stabilize its business now that it's partnered with major agribusinesses like Bunge Limited.

    7.32-0.02 (-0.27%)
    Real-time: 11:46AM EST
    Range 7.15 - 7.36
    52 week 7.15 - 16.31

    Technology

    Solazyme grows microalgae in the dark, inside huge stainless-steel containers. The company's researchers feed algae sugar, which the organisms then convert into various types of oil. The oil can be extracted and further processed to make a range of fuels, including diesel and jet fuel, as well as other products.

    By feeding plant sugars to an oil-producing microalgae in dark fermentation tanks, the technology utilizes "indirect photosynthesis", in contrast to common open-pond and photo bioreactor approaches. The platform is feedstock flexible and can utilize a wide variety of renewable plant-based sugars, such as sugarcane-based sucrose, corn-based dextrose, and sugar from other sustainable biomass sources including cellulosics. Solazyme's technology platform allows them to also produce and sell bioproducts which are made from the protein, fiber and other compounds produced by microalgae.

  4. New Renter


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    4   8:32pm Tue 13 Nov 2012   Share   Quote   Permalink   Like   Dislike  

    zzyzzx says

    Solazyme says the biodiesel meets or exceeds American Society for Testing and Materials (ASTM) quality specifications and has shown performance enhancements including cold temperature operating performance. The fuel is compatible with existing diesel engines and the fuel's performance is guaranteed by Propel.

    The fuel will be sold at the same price as conventional diesel fuels and will be available exclusively at Propel's Clean Fuel Points in Redwood City, San Jose (N. First St.), Berkeley, and Oakland.

    Great, so if your car chokes on the stuff you can get Solazyme to pay for the repair.

    This reminds me of when my boss had a very expensive Xerox Phaser color printer that used wax. When it came time to replace the wax cartridges he bought cheaper 3rd party cartridges from a manufacturer that guaranteed equal performance to OEM . Of course the replacement wax choked the printer, the cartridge manufacturer faulted the printer and the printer warranty was then useless.

    I'm sure the diesel is fine, but it can't hurt to double check the compatibility with your car's manufacturer.

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