Avista Corp. (AVA), a U.S. energy holding company, provided backing to help Matrix Genetics LLC complete its spinoff from the biotechnology company Targeted Growth Inc. Targeted Growth, which also created the biofuel companies AltAir Fuels LLC and Sustainable Oils Inc., is refocusing on its core agricultural business, and “the spinout of Matrix is part of …
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Seattle-based Matrix Genetics is spinning out of Targeted Growth and launching its business of developing biofuels made from algae. By: Karl Baker Seattle Times business reporter Roger Woodworth is confident in his company’s investment in Seattle biotech firm Matrix Genetics. Woodworth, chief strategy officer at Spokane-based Avista, said the venture-capital arm of his energy company …
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Matrix Genetics is pursuing the dream of turning algae into the workhorses of oil production, and now it has gotten some financing to go after it. The Seattle-based startup, led by Margaret McCormick, said today it has secured an investment from Avista Development, the venture arm of Spokane, WA-based energy company Avista (NYSE: AVA). The amount …
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Initial Phase of World’s First Green Crude Farm Completed On Time and On Budget COLUMBUS, NM, (August 27, 2012) – Sapphire Energy, Inc., one of the world leaders in algae-based green crude oil production, today announced the first phase of its Green Crude Farm, the world’s first commercial demonstration algae-to-energy facility, is now operational. Construction of …
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A Texas AgriLife Research scientist, Dr. Tryon Wickersham, and graduate student, Merritt Drewery, have been conducting feeding trials of algae leftover products (after oil extraction, in powdered form) on Angus steers. Two of the three phases of the trials are currently complete and the third phase is slated for completion in June, according to researchers. …