Colorado company develops algae technology

September 1, 2006

Solix Biofuels Inc., a Boulder, Colo.-based business, is developing technology for the massive cultivation of algae to produce biodiesel and also working toward the goal of implementing the technology, according to COO and CFO Doug Henston. Originally explored by the National Renewable Energy Laboratory, newer technology now makes it practical, CEO Jim Sears said. The company, formerly known as SunSource Industries, was one of seven finalists in Colorado's BioWest Venture Showcase competition. Finalists were set to make presentations during the Aug. 23 event.

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