Algae biofuels pioneer GreenFuel Technologies will be shutting down

May 15, 2009 at 10:35 pm 1 comment

CNET reported on May 14 that the algae biofuels pioneer GreenFuel Technologies will be shutting down. The official reason given for the company’s demise is the state of the economy, as the industry is in the research stage and companies operate with a number of uncertainties.

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Entry filed under: Biofuels, Renewable Energy.

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1 Comment Add your own

  • 1. David Duross  |  June 5, 2009 at 12:38 pm

    How sad this is. I was looking forward to possibly working on the new biodiesel factory. Heard rumors about it. I am a relocated electricain from Michigan. Currently living in Napili. It is sad that economics constantly and repeatedly rob us of a cleaner, more efficient future…

    Reply

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