biofuel

Big Oil Taking Small Steps Toward Big Renewables Profits

The oil industry giants are embracing alternative technologies -- including biofuels, geothermal and solar. Right now, renewable sources provide only a tiny fraction of the profits they derive from oil and gas, but they'll have a real impact on the revenues of majors like BP, Exxon Mobil and Chevron in the not-so-distant future.

This IPO Could Be The Next Exxon Mobil

Biofuels company Solazyme owns a unique process when it comes to converting algae into a fuel could replace the gas in your car -- a method that could be used to create oil on an extremely large scale and at an extremely low cost. The company has just announced it's going public: You might want to get in on the action.

Gevo: Richard Branson's New Age Chemical Company Goes Public

Gevo, part of Richard Branson's Virgin Group companies, went public this week on Nasdaq. The firm sold 7.15 million shares at $15 each, which was at the high end of its estimated range of $13 to $15. On its first day of trading, the stock shot up about 16%.

Tesla Preparing to Ship Electric Car Prototypes to Toyota

Toyota Motor's recent $50 million investment in electric-car upstart Tesla Motors is already paying dividends. Tesla reportedly will ship two prototypes, based on Toyota's RAV4 sport utility vehicle and Lexus RX crossover, to the Japanese automaker later this month.

As Toyota Joins With Tesla, Alternative Fuels a Major Focus

Toyota, maker of the popular Prius hybrid, is preparing to move into other alternative-fuel technologies such as hydrogen fuel-cells and biofuels. Its recent large investment in Tesla Motors is just the first such partnership the world's largest automaker is pursuing.

Clean-Tech Investments Surge, With Solar in Lead

Global clean-tech venture investments rose 43% to $2 billion in the second quarter and hit a high for the first half of this year. Solar and biofuel startups garnered the biggest funding, and the IPO market for clean-tech was much hotter in China than the U.S.

Really Green Energy: Could Algae Fuel Our Cars?

As oil continues to gush into the Gulf of Mexico from BP's damaged well, the federal government is pouring a bit more money into alternative energy sources with a grant to groups working on turning algae into a commercially viable fuel.