Ready for some genetically altered algae in your Dove soap or Ben & Jerry's ice cream?
South San Francisco biofuel company Solazyme has struck a deal with British conglomerate Unilever to manufacture 3 million gallons of algae-based oil for the multinational whose brands include Dove and Ben & Jerry's.
Financial terms were not disclosed, but it's a big one for Solazyme, which started out 10 years ago producing jet and automobile fuel from algae and has since expanded into food and cosmetics with its "microalgae" additives.
CALIFORNIA CLEAN TECH INVESTMENTS SHIFTING FROM R&D TO DEPLOYMENT — REPORT:
Corporations are aggressively moving into greentech to deploy VC-backed innovation.
“Of the $2.6 billion of cleantech venture capital investment in 2012 in California, $1.45 billion included corporate investors,” according to Cleantech Investment: A Decade of California’s Evolving Portfolio, a survey of California greentech investing between 2003 and 2013 from Next 10, an independent California greentech advocate. That corporate portion was 56 percent of 2012 VC investment.
Recent warnings about the dangers of overreliance on petroleum have come from an unlikely cast of characters, including former presidential candidate Ron Paul, business magnate T. Boone Pickensand even a Saudi prince (who warned against his nation’s over dependence on oil exports).
It may cost you more to turn on the lights starting September 1.
San Diego Gas and Electric is raising rates for some households and most businesses.
High energy users, or about 25 percent of SDG&E customers will see some increase on their bills.
The rate hike was approved by the Public Utilities Commission earlier this year. The utility says the rate hike is needed to help pay for energy from renewable sources which is more expensive than electricity produced from natural gas.