The global green industry has been very busy this week from companies forming new green businesses to the introduction of the world's first renewable gasoline.
New slimy gasoline
Sapphire Energy said it has produced 91 octane gasoline made from algae. The gasoline is said to meet ASTM standards and completely compatible with the existing petroleum infrastructure, from refinement through distribution and the retail supply chain.
GE's green solution
Ge Energy signed a carbon sequestration alliance with Schlumberger Carbon Services to accelerate the use of "cleaner coal" technology. In another news, GE said it is expanding its Ecomagination strategy by reducing the company's global water use by 20% by 2012. GE's green portolio revenues reached $14 billion last year, up 15% from 2006, the company said.
Northern Technologies International recently formed a new business unit, Natur-Tec™. The business manufactures biodegradable and compostable plastic products such as shopping and grocery bags, lawn and leaf bags, can liners, pet waste collection bags, cutlery, packaging foam and coated paper products.
Biochem business formed
BioGold Fuels created its new BioGold Organic Chemicals division, which will focus on specialty organic chemicals made from processed municipal solid waste and other forms of waste. The division's initial focus will be on glacial acetic acid, an important component in plastic production.
Fuel cell funding available
The US Department of Energy issued a funding opportunity for up to $130 million over 3 years to advance the development and use of fuel cells for automotive, stationary, and portable power applications. The funding is part of the President's Hydrogen Fuel Initiative.
...as well as for biofiber
Stemergy said it received a $3.3 million funding from the Ontario government for its BioFibeRefinery project. Applications for the fibers include replacing plastics and fiber glass for making composites.
And in ICIS News (which requires subscription):
Wal-Mart's decision to switch to concentrated detergent will hurt chemical demand, according to a Citigroup analyst. A British study reported that men regularly exposed to paint containing glycol ethers are more prone to fertility problems. Soda ash producers gain from low US recycling rates. A global warming remediation bill called Investing in Climate Action and Protection Act will impose $8,000bn in fees from various industries to cut US emissions of greenhouse gases. And the senate-pending climate bill S-2191 would reduce domestic natural-gas production by as much as 40% and force greater dependence on foreign liquefied natural-gas (LNG) supplies, according to manufacturers.