Aurora Biofuels Company Profile
50 Hottest Companies in Bioenergy
Aurora Biofuels
Based in: California
2008-09 Ranking: #30
Business: Aurora burst onto the scene in June 2008 with the announcement that it had raised $20 million in series A financing from Oak Investment Partners, Noventi and Gabriel Venture Partners. Gabriel and Noventi had participated in a seed stage round. Aurora plans to use technology developed by Berkeley professor Tasios Melis for an open-pond algae production system, and will produce biodiesel from algae. The company says that its process reduces the cost of biodiesel production by half, compared to current methods.
Model: Owner-operator
Metrics: Aurora announced this spring with a targeted $1.30 cost for algae in its second-generation technology, due in 2013.
More on Aurora
Aurora Biofuels announces doubled algae production in open pond systems
Aurora Biofuels: 50 Hottest Companies in Bioenergy candidate profile is a post from: Biofuels Digest
