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Study claims algae could replace 17 percent of U.S. oil imports by 2022

Shook Hardy & Bacon LLP
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USA
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April 21 2011

The Department of Energy's Pacific Northwest National Laboratory (PNNL) has released a study claiming that algae-derived oils could replace 17 percent of the nation's imported oil by 2022

Commerce Secretary declares fishery disaster for Gulf of Mexico

Shook Hardy & Bacon LLP
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USA
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May 28 2010

U.S. Department of Commerce Secretary Gary Locke (D) has reportedly declared a fishery disaster in the Gulf of Mexico as a result of the ongoing Deepwater Horizon oil spill’s effect on commercial and recreational fisheries in Louisiana, Mississippi and Alabama

Macro-algae attracting millions in government and industry financing

Shook Hardy & Bacon LLP
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USA
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October 21 2010

According to news reports, macro-algae, or seaweed, is being viewed by major investors as a better source of sugars for ethanol, biofuels, biochemicals, and biopolymers than land-based crops, because it grows faster, has a higher sugar content, absorbs more airborne carbon, and can be harvested up to six times each year

Energy interests and investors concerned about new derivatives regulation

Shook Hardy & Bacon LLP
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USA
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October 21 2010

While European and U.S. regulators develop new rules to govern derivative transactions, energy companies and investors are reportedly expressing concerns about the potential for measures that are intended to rein in the risks taken by financial institutions to affect their business

FDA, NOAA enhance efforts to ensure safety of seafood in Gulf of Mexico

Shook Hardy & Bacon LLP
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USA
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June 18 2010

The Food and Drug Administration (FDA) and the National Oceanic and Atmospheric Administration (NOAA) have announced joint efforts to secure the safety of Gulf of Mexico seafood in the wake of the April 20, 2010, oil spill

EPA approves biofuel additive

Shook Hardy & Bacon LLP
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USA
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December 16 2010

Gevo Inc., a Colorado-based renewable chemicals and advanced biofuels company, recently announced that the Environmental Protection Agency (EPA) has cleared its isobutanol for use as a fuel additive

Market study highlights key algae biofuel, biochemical success traits

Shook Hardy & Bacon LLP
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USA
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April 7 2011

Emerging Markets Online recently released an algae study that "highlights why some algae companies will be winners and some will be losers bringing their product from pilot to commercial scale from 2011-2020.”

Commercial airlines receive preliminary approval to use bio-based fuel

Shook Hardy & Bacon LLP
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Global, USA
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June 16 2011

The ASTM International Committee on Petroleum Products and Lubricants has reportedly given preliminary approval to the use by airlines of a new jet fuel that blends traditional fuel with biofuel from organic waste and inedible plants

Algae-based biofuel company files $100 million initial public offering

Shook Hardy & Bacon LLP
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USA
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March 24 2011

San Francisco-based Solazyme, Inc. has reportedly filed a $100 million initial public offering (IPO) in a move that makes it one of the first biofuel companies using algae to list on a major stock exchange

G20 agriculture ministers sidestep biofuels issues in Paris

Shook Hardy & Bacon LLP
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USA
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June 30 2011

While the U.S. Congress is trying to balance the budget with cuts to programs subsidizing bio-based fuels and infrastructure, G20 agricultural ministers meeting in Paris to address a continuing global food supply crisis issued a declaration that failed to reach an accord on whether or how to cut or end biofuel subsidies