logo
Volume 7, Issue 1
Published: January 21, 2013
In or out of the public eye?

Advanced biofuels firms that have remained privately held and raised venture capital funds in the third quarter, are quietly building momentum. Meanwhile, their colleagues who chose the IPO route are hitting a wall

 

Last year has demonstrated what can happen to a company that goes public while still in development. Amyris, Solazyme, Codexis and Kior were among some biomass-tobiofuels companies who have had some dangerous months as of late. While the percentage of biofuels companies trading publicly is low, the number of plants and companies that needs financing is not and the performance of public companies can undermine private deals.

‘Venture capitalists and angel investors are still going to base valuations on stock performances in the sector and get a flavour for growth potential from the stock market,’ says Ian Barnett at Ensyn, the wood waste refiner from Ottawa, Canada.

A series of new reports hit the streets in October, shedding light on the kind of financing year it has been for biofuels companies in development. University of New Hampshire’s Center for Venture Research (CVR) recently released ‘angel’ investment data for the first half of 2012, and clean tech, which has recently been a favoured sector of angel investment, has now fallen to just 5% of total deals. ‘It’s not the only sector that is down,’ says Jeffrey Sohl, director of CVR. ‘But retail and media have maybe looked a little better over the course of the year.’ In a similar report, Bloomberg New Energy Finance said total investment in clean-tech fell 20% in 2012 to $56.6 billion (€43 billion), and the Clean Tech Group, said venture capital investments in clean tech start-ups were down 30% from the Q3 2011.

To read the article in full you have to be a subscriber...
Further Articles in this Issue:
Despite avoiding the instigation of a tariff on its ethanol imports into Europe, the US still awaits an overall decision on an ‘anti-dumping’ investigation   The European Commission (EC)... [Read more]
Biofuel production is set to benefit as US steers itself away from the ‘fiscal cliff’   The much talked about bill has now been passed by the US House of Representatives to stop a set... [Read more]
The US military will be able to use sustainably sourced fuel thanks to positive vote taken by the Senate   The US senate has voted to repeal certain language being included in section 313 of the annual... [Read more]
According to the API research report API TR 939-D, stress corrosion cracking (SCC) of steel in contact with fuel ethanol has been observed in user terminals, specifically storage tanks and loading/unloading... [Read more]
With the ability to slash CO2 emissions by nearly 50Mt a year, efficient storage tank insulations are proving popular with tank operators who have their eye on the prize   How can tank operators reduce... [Read more]
Vopak, Decal and Tepsa are leading the way in certifying their terminal operations to help customers prove sustainability criteria   Spanish terminals Decal and Tepsa obtained International Sustainability... [Read more]
The unexpected return of the biodiesel tax subsidy has had reverberating market implications   Late last year biodiesel production was expected to be sluggish in early 2013. Now, there are some saying... [Read more]
Within the EU Renewable Energy Directive 2009/28/ EC (RED) the use of waste and residues is supported as a favourable alternative to traditional commodities-based feedstocks. In order to foster the use... [Read more]
James Barrett takes a look at how Europe is reacting to the reduced first generation ethanol proposal brought to the table by the European Commission late last year   As we all enter a new year, a... [Read more]
AlcoBioFuels’ Benoit Verbruggen talks to James Barrett about his views on the facility’s future and current renewable energy proposals   There have been some interesting developments at... [Read more]
What are the steps needed to secure funding? What is the role of government incentives and programmes in arranging financing? Our experts explain...   In 1974, US President Richard Nixon announced... [Read more]
Loren Padelford, general manager of Active Risk discusses how managing risk at an enterprise level and creating a risk management culture will enable organisations to take smarter risks, drive efficiency... [Read more]
Advanced biofuels firms that have remained privately held and raised venture capital funds in the third quarter, are quietly building momentum. Meanwhile, their colleagues who chose the IPO route are hitting... [Read more]
The timing couldn’t have been better for last year’s Biofuels International Conference in Antwerp, which took place in November, just after the European Commission released its much talked... [Read more]
BioMCN’s Eelco Dekker gives his views on how 2013 may pan out for the biomethanol sector   BioMCN, the Netherlandsbased biomethenol producer, believes 2013 will be an interesting year for the... [Read more]