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...San Francisco-based Solazyme is one of the more successful companies producing oil from algae, but is not having much impact because its costs are still too high....
...This has been the case with Solazyme, a San Francisco-based renewable oil and bio-products company that has developed algae as a feedstock for energy....
...“There’s always political risk,” said Jonathan Wolfson, Solazyme’s chief executive....
...Solazyme, which creates renewable fuels, cooking oil, and beauty products from algae, is one of only 40 clean-tech companies worldwide to go public so far this year, compared with 97 for all of 2010, according...
...Wall Street’s appetite for alternative energy stocks passed an important test on Friday as Solazyme, which produces an oil substitute from algae, pulled off one of the more successful recent initial public...
...The big hope for Solazyme is that its oils will one day serve as an alternative for traditional feedstocks in high-volume chemicals and fuels....
...Even deals for non-web growth companies, such as $197m last week for Solazyme, which produces petrol from algae, are faring well. Solazyme priced above range and rose 15 per cent....
...Solazyme, an algae-to-oil producer that went public last Friday on Nasdaq, jumped another 5 per cent to $21.73....
...Other US companies developing biofuels through synthetic biology include Joule, Amyris, LS9, Solazyme, Mascoma, Gevo, Verdezyne and Codexis....
...Solazyme, for instance, grows its algae in stainless steel tanks, fed by industrial waste....
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