Tuesday, June 2, 2009

GreenFuel Technologies Announces Sale of Intellectual Property and Other Assets

A new statement has just been released by GreenFuel Technologies on their website regarding the sale of their assets. The statement can be read below:

After leading the algae clean tech industry for the past 8 years, GreenFuel is entertaining offers for the sale of its intellectual property
and other assets in these areas:

  • Vertical technology
  • Downstream processing
  • Thin film technology
  • Algae selection and optimization
  • Generation 1 and 2 bioreactors (tubular)
  • Business assets

Interested parties who wish to participate in our sealed bid auction should send an email immediately to value@greenfuelonline.com We will follow up with a detailed description of assets for sale, a bid sheet and a non-disclosure agreement.

We thank you for your interest and support over the years

Wednesday, April 23, 2008

FORTUNE Magazine: The Next Big Thing in Energy: Pond Scum?

"GreenFuel Technologies is betting that algae will save the planet - and make the company filthy rich."

The current issue of Fortune Magazine includes an expose on GreenFuel Technologies and their algae farm systems for recycling carbon dioxide from industrial facilities into biofuels and feed. You can pick up the article at your local newstand or view it online here:


Tuesday, April 22, 2008

CNET News: GreenFuel Green Company to Watch

The reporters at CNET news have named five Green companies to watch in honor of Earth Day. GreenFuel Technologies was selected as the top pick by the CNET staff in the 'recycling' category for their industry pioneering algae to biofuel technology. With numerous successful customer deployments, GreenFuel continues to push their high yield algae farm technology for profitably recycling carbon dioxide from industrial facilities into biofuels and feed.

For more information regarding the GreenFuel algae to biofuels process see their newly updated FAQ page.

Monday, April 21, 2008

GreenFuel Video Showcase at the 2008 MIT Energy Conference

GreenFuel was selected to display its high yield algae farm technology at the 2008 MIT Energy Conference. See the video showcase presentation below of GreenFuel's customer deployments and technologies.

For more information, see the GreenFuel FAQ.

Wednesday, August 22, 2007

GreenFuel Technologies Raises $5.5 million in Bridge Financing

GreenFuel Technologies has successfully raised $5.5 million in bridge financing from primary investors Access Global Equity, Draper Fischer Jurvetson, and Polaris Ventures. The funds raised will allow GreenFuel to continue to operate and improve their portfolio of technologies until the end of 2007 when a larger financing round is expected. Current Interim CEO Bob Metcalfe has stated that within the last month GreenFuel has successfully decreased cash burn and has focused attention on deploying additional field systems in the coming months.

Friday, June 8, 2007

GreenFuel Releases New Video

Join GreenFuel Technologies CEO, Cary Bullock, as he illustrates the proprietary Emissions-to-Biofuels™ process that recycles carbon dioxide emissions into clean renewable biofuels. Taking you from the lab and into the field, the new video showcases the technology behind GreenFuel.

Watch the Emissions-to-Biofuels™ Video

Be sure to watch all the segments of the production by using the playlist found to the right of the media player. The segments are as follows:

* GreenFuel Introduction
* GreenFuel Growing Algae
* GreenFuel Lab Testing

Tuesday, June 5, 2007

GreenFuel Appoints Guillermo Espiga Chief Financial Officer

GreenFuel Technologies Corporation, a leading developer of algae bioreactor systems that recycle carbon dioxide emissions into clean renewable biofuels, has announced the appointment of Guillermo Espiga as Chief Financial Officer. GreenFuel’s Emissions-to-Biofuels™ process uses safe, naturally occurring algae to recycle flue gas CO2 emissions into clean renewable biofuels and other high-value products.
Espiga will be responsible for all finance, accounting and strategic financial planning activities of the company. Espiga comes to GreenFuel with extensive experience in financing infrastructure projects at such companies as Credit Suisse First Boston and InterGen. He has led the financing of more than $2 billion in non-recourse financing, and more than $200 MM of M&A activity in the fields of power generation, oil & gas, and other energy and infrastructure related projects in the US, Latin America, Europe and Asia Pacific. Espiga received his Bachelors degree in Civil Engineering from Universidad Metropolitana in Venezuela, and his MBA from Boston College.
"As GreenFuel gets closer to deploying its first commercial scale facility, the process of bringing technology, marketing and financial partners onboard becomes mission critical," said GreenFuel CEO, Cary Bullock. "Guillermo Espiga’s extensive experience in large project strategic planning and financing will be a key asset for GreenFuel as we prepare to enter the full commercial phase of our business plan."
"GreenFuel’s algae technology has tremendous commercial potential in the booming alternatives fuel industry," said Espiga. It is a privilege to work with GreenFuels’s talented team of professionals to create a business that has so many benefits for energy security and a healthier environment."