A detailed review of 12 U.S. based synthetic biology, biofuel & biochemical companies that are developing third and fourth generation biofuels, bioindustrial & household chemical, and food additive products; using synthetic biology to produce engineered microorganisms and specialty enzymatic products. Each company is examined in turn, looking at its financials and the uniqueness and strength of its processes and technology as well as at any important partnerships or alliances that have been formed.
Whereas corporate sustainability refers to the balance of the financial, social and environmental aspects of an organization, exponential sustainability is the achievement of such a synergy on a society level. This happens when companies begin to reach out and look beyond their own perceived interests. Companies are increasingly building coalitions and partnering with non-profits in order to achieve this goal, and in the process, realize several associated benefits.
Algenol Biofuels and DOW Announce Pilot Project to Produce Ethanol from CO2, Salt Water, Sunlight and non-Arable Land
Algenol Biofuels, a Florida biofuels startup and DOW Chemical Company announced a pilot-scale algae-based integrated biorefinery that will convert CO2 into ethanol. The patented technology developed by Algenol Biofuels uses CO2, salt water, sunlight and non-arable land to produce ethanol, which can be used as a fuel or as a feedstock, replacing natural gas in the production of plastic. The algae is grown in long plastic covered troughs, called bioreactors that are filled with salt water that has been saturated with carbon dioxide gas, which provides the carbon the algae needs for photosynthesis.
Increased public awareness of environmental issues has forced American industry to address these issues. However, many of these companies resort to greenwashing. Greenwashing is the act of misleading the public regarding the environmental practices of a company or the environmental benefits of a product, service, or business line. 24/7 Wall St. has put together a list of the Top Ten Greenwashers in America.