Global Refining & Petrochemicals

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Algae.Tec Secures Funding From Reliance Group

Australia-based Algae.Tec Ltd. recently announced that it reached an agreement with its largest partner, India-based Reliance Industrial Investments and Holdings Ltd., to raise AUD$2.4 million (about US$1.95 million) in additional working capital for development of an algae pilot plant in Jamnager, India, featuring Algae.Tec’s algae-to-biofuel technology.

Fuels & Processing
Fuels & Processing
Margins & Economics

Solidia Scheme Attracts BP, Total as Investors

New Jersey-based Solidia Technologies announced Dec. 9 that oil majors Total and BP have joined Kleiner Perkins Caufield and Beyers, Bright Capital, Lafarge, clean-tech investor Bill Joy and chemical giant BASF in a “Series C” funding round, but didn’t disclose the amount.

Electric Power

FuelCell Energy Touts Power-Output Milestone

Danbury, Conn.-based FuelCell Energy Inc. recently announced that it has generated 3 billion kilowatt-hours (kWh) of renewable electricity produced by its trademarked “Direct FuelCell” power plants since the first commercial installation in 2003.