October 22, 2019
BY Ron Kotrba
Phase Genomics Inc., a biotech provider of proximity-ligation next-generation sequencing solutions for metagenome assembly, is set to receive $325,000 as part of a $73 million funding package from U.S. DOE’s Office Efficiency and Renewable Energy.
Phase Genomics said its technology will be leveraged to sequence the genomes of new microorganisms to help detect and manage microbial pests in the creation of algae-based biofuels. “The unique data produced by Phase Genomics will be utilized to track the underlying causes of periods of low productivity and identify novel likely pests and pathogens,” the company stated.
“This funding further recognizes the value of our proprietary metagenomic technology,” said Ivan Liachko, founder and CEO of Phase Genomics. “Discovering the microorganisms responsible for decreasing algal biofuel yield, without culturing, is virtually impossible with traditional genomic methods. Our technology yields deeper insights into the amazingly complex world of environmental microbiology, allowing us to develop improvements in existing industrial processes as well as potentially discovering entirely new ones.”
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Phase Genomics previously announced funding through the Bill & Melinda Gates Foundation to develop an improved computational method for extracting genomic information from complex microbiome samples.
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The USDA reduced its estimate for 2024-’25 soybean use in biofuel production in its latest WASDE report, released May 12. The agency expects soybean oil use in biofuel to increase during the 2025-’26 marketing year.
HutanBio on May 8 announced that the production process for its proprietary HBx microalgal biofuel achieves net-negative carbon emissions, based on an independent cradle-to-gate life cycle assessment (LCA) conducted by EcoAct.
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